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Tag: Bitcoin spot ETF

Fidelity Readies $4.5 Trillion Spot Bitcoin ETF Filing, Propelling Crypto Adoption
28Jun By OLAJIDE SAMUELNo Comments
Bitcoin

Fidelity Readies $4.5 Trillion Spot Bitcoin ETF Filing, Propelling Crypto Adoption

In a groundbreaking move for the cryptocurrency industry, Fidelity Investments, one of the world's largest asset managers with $4.5 trillion in assets under management, is reportedly preparing to file for a spot Bitcoin exchange-traded fund (ETF). This development signals a significant step toward the mainstream adoption of digital assets and could have far-reaching implications for both the financial and crypto markets. https://twitter.com/BitcoinMagazine/status/1673786304956616706 Fidelity To Launch a $4.5 Trillion spot Bitcoin ETF Fidelity's decision to launch a spot Bitcoin ETF underscores the growing recognition of cryptocurrencies as a legitimate asset class among institutional investors. The move also highlights the increasing demand for regulated investment vehicles that provi...
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Bitcoin Dominance Surpasses 50% as Cryptocurrency Market Evolves.
24Jun By OLAJIDE SAMUELNo Comments
Bitcoin

Bitcoin Dominance Surpasses 50% as Cryptocurrency Market Evolves.

In a significant milestone for the cryptocurrency market, Bitcoin dominance has officially surpassed 50%, reflecting the growing influence and resilience of the world's largest cryptocurrency. This achievement marks a turning point in the ever-evolving landscape of digital currencies as Bitcoin consolidates its position as the leader amid a diverse range of alternative cryptocurrencies. With Bitcoin Magazine breaking the news, the milestone underscores Bitcoin's enduring appeal and serves as a testament to its longevity and market acceptance. Read Also: Potential Synergy between Bitcoin and Shiba Inu (SHIB) Sparks Speculation of Explosive Growth https://twitter.com/BitcoinMagazine/status/1672341650188713985 Bitcoin Dominance Reaches New Heights Bitcoin, the pioneering digital curre...
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SEC Grants Approval for Launch of First Leveraged Bitcoin Futures ETF in the United States
24Jun By OLAJIDE SAMUELNo Comments
Bitcoin

SEC Grants Approval for Launch of First Leveraged Bitcoin Futures ETF in the United States

In a significant development for the cryptocurrency industry, the U.S. Securities and Exchange Commission (SEC) has approved the launch of the first-ever leveraged Bitcoin futures exchange-traded fund (ETF) in the United States. The announcement, shared by Bitcoin Magazine via Twitter, marks a milestone for both the cryptocurrency and traditional finance sectors as investors gain access to new avenues for Bitcoin exposure. Read Also: Binance Empowers Global Law Enforcement with Cybercrime Combat Training in Kazakhstan https://twitter.com/BitcoinMagazine/status/1672282268495392768 SEC Agrees to The Leveraged Bitcoin Futures ETF The SEC's decision to greenlight the leveraged Bitcoin futures ETF reflects a growing acceptance and recognition of cryptocurrencies within the regulatory fr...
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Grayscale’s Application Is Presently At Appellate Court But If Contrary Happens, They Are Ready For Supreme Court Over The Case Of Spot Bitcoin ETF
11Jul By Cryptolifedigital1 Comment
Bitcoin

Grayscale’s Application Is Presently At Appellate Court But If Contrary Happens, They Are Ready For Supreme Court Over The Case Of Spot Bitcoin ETF

Following the rejection of Grayscale proposal of converting GBTC to a spot Bitcoin ETF mid-last month, Grayscale with immediate effect filed a lawsuit against the U.S. Prior to the SEC's rejection, according to the Sonnenshein, dignitaries have been contacted, to submit their comments on the proposal as required by SEC on November 2nd, 2021 to solicit comments on our proposal to convert GBTC to a spot Bitcoin ETF. Soon thereafter, the Grayscale team developed and deployed a multifaceted strategy to raise awareness about the 19b-4 filing process, rally GBTC investors, educate the general public about the importance of this issue on a national level, cultivate critical relationships in Washington, D.C., and prepare for each possible outcome of the SEC’s decision. Read ...
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Grayscale’s Offer Of Conversion To ETFs Has Been Refuted By SEC And Grayscale Go For Appeal
30Jun By Cryptolifedigital1 Comment
Bitcoin

Grayscale’s Offer Of Conversion To ETFs Has Been Refuted By SEC And Grayscale Go For Appeal

The long-awaited Grayscale's offer of the approval of the conversion of the GBTC to ETFs has been refuted by the SEC. Due to this, the grayscale has sued the US SEC.“ We're deeply dissatisfied by and don't agree with its decision, ” Grayscale Investments said in a statement posted on its website. The SEC also refuted Bitwise’s operation for a spot bitcoin ETF during the same period. Read Also: IOHK Submits An Offer To Hard Fork Cardano Testnet; Vasil Hark Fork Upgrade's Countdown Starts It happed on Wednesday in a ruling, the SEC denied Grayscale’s offer to list a spot bitcoin ETF on the NYSE Arca exchange. The proposed ETF failed to meet the standard designed to avert fraudulent and manipulative practices and to cover investors and public interest, as stated by the regulator.Graysc...
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