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The recent tsunami of spot Bitcoin (BTC) exchange-traded fund (ETF) filings should be seen as a “moment of validation” for Bitcoin, says Grayscale Investments CEO Michael Sonnenshein.During a July 12 interview on CNBC’s Last Call, Sonnenshein rejected the notion that BlackRock’s entrance to the Bitcoin ETF race made it “uncool.”
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Summary: Valkyrie refiled its application for a spot Bitcoin ETF with the SEC per a 19b-4 filing seen on Wednesday.The asset manager joins other Wall Street titans like BlackRock and Fidelity in filing a second application after the SEC responded.Valkyrie, like other asset managers, names Coinbase as its partner for
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The combined spot and derivatives trading volume on centralized exchanges (CEXs) climbed 14.2% in June to $2.71 trillion, according to CCData's monthly exchange report. Binance, Binance.US, and Coinbase all saw their market share decline in the past month.As per the report, the first rise in trading volume in three months
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The most recent filing involving asset manager BlackRock’s attempt to launch a spot Bitcoin exchange-traded fund (ETF) included a “surveillance-sharing agreement” with cryptocurrency exchange Coinbase.According to a June 29 filing with the United States Securities and Exchange Commission (SEC), the Nasdaq stock exchange refiled for a proposed rule change allowing
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ARK's application may now be in pole position to be approved first as as it was filed earlier than BlackRock's. Source
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Summary: Fidelity could submit a Bitcoin (BTC) spot ETF application as early as Tuesday, The Block reported citing a source.A flurry of BTC ETF applications came from companies like Widomtree and Invesco after BlackRock’s filed on June 15.Bitcoin broke above $30,000 for the first time since April shortly after BlackRock’s
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Once the investment giant Fidelity files for a spot Bitcoin ETF with the US SEC, it will be the second time following the dismissal of the first one two years ago. The heightened Bitcoin demand by institutional investors has pushed asset investment firms to file for an exchange-traded fund (ETF) with
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Coinbase Custody is a service offered by the crypto exchange that allows institutional investors to store large amounts of tokens, such as bitcoin, in a secure wallet. It will serve as the custodian for bitcoin held on BlackRock Bitcoin ETF, if the request is approved by regulators. Original Source
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The surge came as investors turned optimistic about being able to redeem funds in the future, and Grayscale potentially winning an on-going lawsuit against the U.S. Securities and Exchange Commission (SEC) about converting the fund into an ETF after news about BlackRock’s filing for an ETF. GBTC doesn’t allow redemptions
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Bitcoin (BTC) plans by BlackRock appear to have sparked a rally in the “OG” institutional BTC investment vehicle.Data from monitoring resource CoinGlass shows that on June 17, the Grayscale Bitcoin Trust (GBTC) almost hit new 2023 highs.GBTC "premium" heads below -37%Bitcoin market sentiment showed a modest improvement late last week
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