So much drama. On Friday, the crypto world was abuzz about an unfounded rumor that the Securities and Exchange Commission chose that day to approve long-awaited Bitcoin ETFs. That didn’t happen, so the buzz shifted to what did: the filing of an 11-page letter by an outfit called Better Markets, which has ties to anti-crypto […]
For many equity investors, Michael Saylor may not be a household name. But for crypto investors, Michael Saylor is legendary for his bullish stance on Bitcoin (CRYPTO: BTC), as well as for some of his more outlandish takes on social media about the future of crypto. His company, MicroStrategy (NASDAQ: MSTR), is now the largest […]
Cryptocurrencies By Adam Clark Jan 08, 2024, 5:28 am EST Share Reprints In this article BTCUSD ETHUSD SOLUSD ADAUSD DOGEUSD Bitcoin and other cryptocurrencies largely were dropping on Monday. The crypto sector remains on tenterhooks over the potential approval of exchange-traded funds tied to spot trading of Bitcoin, with a regulatory deadline looming Wednesday. Continue reading […]
(Bloomberg) — A series of high-stakes deadlines this week will mark the culmination of a years-long push to launch exchange-traded funds backed by Bitcoin in the US. Most Read from Bloomberg Would-be Bitcoin ETF issuers have been given until Monday morning in Washington to submit any last-minute revisions to their pending applications, Bloomberg News has […]
Thirteen spot Bitcoin (CRYPTO: BTC) ETFs are currently awaiting approval from the Securities and Exchange Commission (SEC). Up to this point, the SEC has denied similar exchange-traded fund (ETF) applications, but an appellate court ruled the SEC’s rejection was “arbitrary and capricious.” The approval of a spot Bitcoin ETF would be big news for investors […]
BlackRock, the world’s largest money management firm, plans to announce layoffs in the coming days of about 3 percent of its global workforce, Fox Business has learned. The job cuts of around 600 employees, which have yet to be reported, are being described internally as routine, according to a source familiar. Last year, BlackRock did […]
Bitcoin and other cryptocurrency investments have climbed in the past few months, mostly for one big reason: anticipation of spot bitcoin ETFs. And the eagerly awaited launch is almost here. X Regulatory approval of spot bitcoin ETFs is likely in the next few days. A spot bitcoin ETF would directly hold bitcoin assets. In contrast, […]
Speculation on Spot Bitcoin ETF Approval Escalates on Potential January 5 Approval Rumors that the U.S. Securities and Exchange Commission (SEC) is set to approve a spot Bitcoin exchange-traded fund (ETF) on January 5 reached a high on social media, fueled by cryptic tweets and claims. A tweet from Grayscale’s chief legal officer, Craig Salm, […]
The crypto world is betting its mainstream moment is here. That bet hinges on the blessing of Wall Street’s top cop. The Securities and Exchange Commission is expected in the coming days to rule on whether 14 different money managers will be allowed to launch their own spot bitcoin exchange-traded funds. These ETFs would allow […]
Dow Jones futures tilted higher overnight, along with S&P 500 futures and Nasdaq futures. X The stock market rally suffered further losses, with the Nasdaq suffered a 1%+ decline for a second straight day, adding its losing streak to four sessions. Market losses broadened out considerably. Eli Lilly (LLY) rose solidly, clearing a second early […]
Dow Jones futures tilted higher after hours, along with S&P 500 futures and Nasdaq futures. X The stock market rally suffered further losses, with the Nasdaq down for a fourth straight session, undercutting a key level. Market losses broadened out considerably. Bitcoin fell solidly Wednesday, with SEC approval of spot bitcoin ETFs expected within days. […]
Bitcoin pared back its big new year gains on Wednesday before slightly recovering on the third day of the year, thanks in part to a new bearish report by a crypto researcher. On the 15th anniversary of the minting of Bitcoin’s genesis block, the most popular cryptocurrency was trading down 4% at about $43,300, down […]