Cryptocurrency Analysis and News Portal
The Securities and Exchange Commission (SEC) has one last short window, an eight-day period starting Thursday, if it wants to approve all 12 spot bitcoin (BTC) ETF applications this year, Bloomberg analysts wrote in a note on Wednesday. Source
Read More
Crypto exchange OPNX has obtained a virtual asset service provider license (VASP) in Lithuania, allowing it to provide spot crypto exchange services throughout the European Union, according to a Nov. 8 announcement seen by Cointelegraph.OPNX trading interface. Source: OPNXThe announcement stated that this license would require the exchange to “adhere
Read More
Crypto exchange Binance's market share in spot trading has fallen to 40% in late 2023, compared to 62% a year ago.According to the November 6 report by blockchain analytics firm 0xScope, the exchange has lost one-third of its market share in the past 12 months. "Binance's spot trading volume has
Read More
Another reason a U.S. spot bitcoin ETF is such a big deal is because of its advantages over other trading vehicles and the resulting increased likelihood of greater adoption. Relative to spot, futures, proxy stocks, OTC-traded trusts, and private funds, ETFs offer a unique and advantaged combination of fees/transaction costs,
Read More
The cryptocurrency community is excited about the Hong Kong government reportedly weighing the launch of a spot cryptocurrency exchange-traded fund (ETF) amid the ongoing regulatory pushback against such products in the United States.Hong Kong’s potential entrance into spot crypto ETFs could be a significant development in the context of the
Read More
Enthusiasm surrounding a possible spot Bitcoin (BTC) exchange traded fund (ETF) isn’t just driving up the price of Bitcoin — it's also sparked a resurgence of enthusiasm for blockchain games, says Animoca Brands founder Yat Siu. Speaking to Cryptox at Hong Kong Fintech Week, Siu said the price increases of many
Read More
In January, the SFC tightened regulations by restricting retail investors from accessing crypto spot ETFs, limiting them to professional investors with portfolios of at least 8 million HKD ($1 Million). Then, in October, the SFC updated its rule book to allow a broader range of investors to engage in spot-crypto
Read More
Steven McClurg, co-founder of Valkyrie Investments, believes the U.S. Securities and Exchange Commission (SEC) will approve multiple spot Bitcoin exchange-traded fund (ETF) applications in November 2023. In his assessment, firms have addressed all the issues of market manipulation raised by the regulator. By McClurg’s estimation, the regulator may send another round of comments
Read More
While the approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) will likely spike the price of Bitcoin, some analysts are concerned it won’t be enough to fully thaw the markets from its winter chill. On Oct. 24 Bitcoin staged its largest single day rally in over a year, surging more
Read More
In a recent development, another proposed Spot Bitcoin ETF has been listed on the Depository Trust and Clearing Corporation’s (DTCC) website, becoming
Read More