Fake Spot ETF Approval Sparks BTC Surge, Obliterates $78M Shorts At $30,000
In a flurry of market activity, false news surrounding the approval of a Bitcoin (BTC) Spot Exchange-Traded Fund (ETF) by the US
Read MoreIn a flurry of market activity, false news surrounding the approval of a Bitcoin (BTC) Spot Exchange-Traded Fund (ETF) by the US
Read MoreMore than $80 million in derivatives positions have been liquidated in the past hour as bitcoin (BTC) surged from $27,900 to $30,000 following an unverified about a spot ETF approval. Source
Read MoreWith the license, Upbit will now be able to offer digital payment token services to institutional investors. However, it still awaits a full MPI license from the MAS. Upbit, South Korea’s largest exchange in terms of volume, has achieved in-principle approval for a Major Payment Institution (MPI) license in Singapore
Read MoreTraders could be betting on a development that buoys hopes for a spot bitcoin ETF in the US. Source
Read MoreGrayscale’s Bitcoin investment vehicle, Grayscale Bitcoin Trust (GBTC) is trading at its lowest discount in nearly two years, as spot Bitcoin ETFs continue to inch toward potential approval in the United States. The latest data from YCharts shows GBTC’s discount to Bitcoin net asset value (NAV) has narrowed to 15.87%
Read MoreWill Bitcoin ETFs get the green light? Nitin Gaur of State Street believes it’s just a matter of time. Dive into his views on regulation and Bitcoin’s future. Cryptocurrency enthusiasts and finance titans such as Grayscale, BlackRock, Fidelity, and Invesco eagerly await a crucial decision from the US Securities and Exchange
Read More"That [pricing of spot ETF) makes it less clear how much more bitcoin could outperform if a favorable U.S. Securities and Exchange Commission SEC decision occurs. That is, in the event of one or more approvals, we believe there could be meaningful net inflows, but these may take time to
Read MoreOne notable adjustment pertained to the Net Asset Value (NAV) calculations, which ARK Invest acknowledged were not aligned with Generally Accepted Accounting Principles (GAAP), the accounting standard endorsed by the SEC. Eric Balchunas, an ETF analyst at Bloomberg, recently took to the social media platform X to reveal that ARK Invest’s
Read MoreA recent amendment to ARK Invest and 21Shares’ joint spot Bitcoin (BTC) exchange-traded fund (ETF) application could be seen as a “good sign” of progress and impending approvals.An amended Oct. 11 filing to the Securities and Exchange Commission for approval adds additional information about the proposed spot Bitcoin ETF, including
Read MoreThe Malaysia-based Hata has received in-principle approval from Securities Commission Malaysia (SC) to register as a Recognized Market Operator (RMO) as a digital asset exchange and digital broker. The approval means Hata could launch its services in six to nine months.Hata will become the fifth regulated digital asset exchange in
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