Okay, the Bitcoin spot ETF is here. Now what?As my colleague RT Watson noted, the launch of the new fund was met with much fanfare and liquidity, with volume reaching $3.1 billion on its second day of trading. Among new spot Bitcoin fund issuers, BlackRock leads the way with $564 million in volume on Friday, followed by Fidelity with $431 million. This is according to data from Yahoo Finance compiled by The Block.This initial liquidity is likely to be welcomed by issuers and market participants, further spurring the important milestone of the asset class maturing and gaining acceptance among Wall…
Author: Crypto Flexs
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.Swoosh, the blockchain and digital wearables division of sportswear giant Nike, said Friday that it will move further into the video gaming space next year. However, it is unclear whether future game activations will necessarily include NFTs.“The value of a virtual product should be based on the enjoyment you get from using it to express yourself or providing access to a physical product. It’s about the following pleasure It’s not just a transaction, it’s about being a true fan.” Nike’s .Swoosh wrote: blog post. “Next year we will see this come to fruition,” the post continued. “We’re going deeper into…
Securities and Exchange Commission Chairman Gary Gensler this week cast the deciding vote to approve several spot Bitcoin exchange-traded funds (ETFs). The move gives the top cryptocurrency a level of Wall Street legitimacy that Gensler has long opposed. So why the sudden change of heart? key point Trading volume for the newly approved spot Bitcoin ETF surged past $5 billion in the first two days after launch. SEC Chairman Gary Gensler remains highly skeptical of cryptocurrencies, warning that Bitcoin is a “highly speculative and volatile asset” primarily used for “illicit activities.” Grayscale court ruling, August 2023 It was a key…
In a recent interview, BlackRock CEO Larry Fink discussed the future of cryptocurrencies, specifically Bitcoin and Ethereum, and their role in the financial system. His insights provide a clear perspective on the future of digital currencies and tokenization. BlackRock CEO Larry Fink Talks Cryptocurrency Larry Fink, who previously expressed skepticism about Bitcoin, admits his views have changed significantly. About two years ago, he became a firm believer in Bitcoin as an alternative source for holding wealth. Nonetheless, he does not view Bitcoin or other cryptocurrencies as currencies themselves, but rather as an asset class. Fink emphasized Bitcoin’s finite nature and…
Cryptocurrencies have been a hot topic in the financial world over the past decade, with Bitcoin leading the way as the most well-known and widely used digital currency. However, as the cryptocurrency market continues to evolve, new players are emerging with the potential to disrupt the status quo. One of the cryptocurrencies that is attracting attention is CINNICOIN. WHAT IS CINNICOIN? CINNICOIN is a relatively new cryptocurrency created in 2020. It is designed to be a more sustainable and environmentally friendly alternative to traditional cryptocurrencies such as Bitcoin and Ethereum, which are notorious for their high energy consumption. CINNICOIN uses…
In a move that has sent waves through the Bitcoin community, renowned investor and Shark Tank personality Kevin O’Leary has fanned the flames of hype surrounding the recent approval of the Spot Bitcoin ETF for institutional investors. It was labeled “practically useless.” But amidst his skepticism, O’Leary provided some sunshine on Bitcoin’s long-term prospects, predicting a significant price surge by 2030. O’Leary: ETF fee concerns, volatility forecast What is O’Leary’s main complaint about spot ETFs? charge. He argues that even with a temporary exemption, the fees charged by issuers make it an unattractive proposition for sophisticated investors who could hold…
Overview of Smodin Smodin is a multifunctional All-in-One online AI writer and rewriter, offering a range of tools designed to facilitate the content creation process. Its services include AI-powered writing assistance, plagiarism prevention, automatic citation generation, and a multitude of language applications. Smodin supports over 100 different languages and is utilized by more than 100,000 businesses and 30,000 universities globally The official Smodin website is: https://smodin.io/ Smodin Mainpage, Source Smodin Why Smodin? Research Faster: Smodin’s AI-powered tools enable swift and comprehensive research, yielding accurate results. Overcoming Creative Blocks: The platform provides innovative ideas,…
On Tuesday, the SEC’s official This message was ultimately revealed to have been forged by someone. Anyone who had access to your account through the phone number associated with your account. An SEC statement Friday provided a timeline of events that occurred on Tuesday, saying the first “unauthorized posting” came at 4:11 PM ET (21:11 UTC), with SEC Chairman Gary Gensler issuing a clarification 15 minutes later.
Valkyrie’s Spot Bitcoin ETF, the third-lowest performing spot Bitcoin ETF by volume among the 11 spot Bitcoin ETFs launched on Thursday, recorded less than $9 million in volume for the day. CoinShares International Limited, a leader in the European digital asset industry, today announced that it has exercised its option to acquire Valkyrie Funds. This strategic move follows the U.S. Securities and Exchange Commission’s (SEC) approval of the Valkyrie Spot Bitcoin ETF, which began trading on Nasdaq on January 11. CoinShares expands presence in the U.S. This acquisition is consistent with CoinShares’ commitment to expand its digital asset offerings in…
A widely respected cryptocurrency analyst and trader believes that Ethereum (ETH) scaling solutions are poised to surpass all-time highs. Analyst and trader known by the pseudonym Bluntz says His 236,300 followers on the According to Bluntz, Optimism is “going to hit an all-time high this weekend.” According to Bluntz’s chart, it appears that if operating income breaks out of its current range, operating income could surge more than 15% from current levels to above $4.5. Source: Bluntz/X OP is trading at $3.89 at the time of this writing. Next is the Ethereum/Bitcoin (ETH/BTC) pair. According to Bluntz, ETH is glare…