Grayscale Investments has filed for a so-called covered call ETF to monetize its GBTC positions, a day after receiving approval from the Securities and Exchange Commission for a spot Bitcoin ETF. “The Grayscale Bitcoin Trust Covered Call ETF seeks to participate in the price return of the Grayscale Bitcoin Trust while providing and delivering current income.” Form N-1A It was received on Thursday afternoon. The fund will not invest directly in digital assets, according to the filing.“So it begins…” said Nate Geraci, president of The ETF Store, in a post about X. “We actively manage our exposure to GBTC and…
Author: Crypto Flexs
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Moreover, Gensler said that when comparing Bitcoin and gold, one is a commodity used primarily for industrial and consumer purposes, while the other is primarily a commodity that is used as “value neutral” (which is how the SEC describes its role in market regulation). I can’t hear it. Ransomware, money laundering, sanctions evasion, terrorist financing (unless purely speculative).
Even though SEC Chairman Gensler ultimately approved a spot Bitcoin ETF, his support for Bitcoin and cryptocurrencies has been clearly lacking. He has made it clear that he does not support it. He advised investors to exercise utmost caution when making decisions, considering the numerous risk factors associated with Bitcoin and other products backed by cryptocurrencies. Gensler’s views relate to the SEC’s position on providing connectivity to certain Bitcoin-based financial products and advises investors to exercise caution when entering the cryptocurrency market. According to Cathie Wood, founder of Ark Investment Management, Gensler’s comments about Bitcoin’s acceptance by multiple exchange-traded funds…
Vincent Gusdorf, senior vice president of DeFi and digital assets at Moody’s, believes that recent announcements regarding Bitcoin will have a significant impact on the market. He expressed that the entry of institutional investors into the cryptocurrency industry will be a turning point for the entire industry. This comment from Gusdorf highlights the growing awareness and acceptance of digital assets within traditional financial institutions. The participation of institutional investors is often seen as validation of the legitimacy and potential of a cryptocurrency asset. Entering the market can increase liquidity, stability, and mainstream adoption. Additionally, the acknowledgment of Bitcoin’s importance by…
Apple’s Response to Regulatory DirectiveIn a significant move, Apple has removed several foreign cryptocurrency exchanges, including Binance, Kucoin, and OKX, from the App Store in India. The move comes in response to show-cause notices issued by India’s Ministry of Finance to nine virtual digital asset (VDA) service providers. The notice, sent on December 28, highlighted the exchange’s failure to comply with India’s money laundering laws and tax regulations.Ministry of Strategy and Finance cracks down on offshore exchangesThe Treasury Department’s guidance is aimed at exchanges that have been operating in India without proper registration and compliance with local tax regulations. Among…
What does network traffic mean?, 16MB received, 4MB sent. Did you receive 16MB worth of BTC? The number of transactions is 17197. Is this the number of transactions that have already occurred on my node? Used 175 MB. Did you receive and send 175MB worth of BTC? 10 connected outputs/0 connections….what does this mean??? Who are all the outbound addresses that connect to me??? Who gave them permission to connect to me? Is this what I want? / Why do I want this? They sent xyz kb and received larger amount of mb. What does that mean? Surely BTC is…
Do you like dogs? Specifically, do you have a special place in your heart for the majestic and spirited Shiba Inu? If so, you are in for a treat! Shiba Inu Shockers is your source for everything related to these beautiful creatures. From the latest news and trends to heartwarming stories and useful tips, we’ll keep you informed. latest news Get the latest Shiba Inu news, including breed-specific events, health updates, and adorable stories from around the world. Our team of dedicated writers and researchers scour the internet to bring you the most interesting and relevant content. Exclusive Interview We…
NEAR Foundation announced it would reduce its workforce by approximately 40%, affecting 35 team members across a variety of departments, primarily marketing, business development and community teams. As revealed in the Foundation’s latest update, this decision was made as part of a broader realignment strategy aimed at focusing on high-impact activities and further decentralizing the ecosystem. Strategic reorganization and workforce reduction NEAR Foundation’s decision to reduce team size is part of a calculated move to streamline operations. The move reflects the foundation’s willingness to consolidate its efforts by focusing on a narrower range of activities that promise greater impact. This…
Several large cryptocurrencies, including Ethereum, Solana, Cardano, etc., rallied following the approval of a spot Bitcoin exchange-traded fund (ETF) in the US.BTC’s price traded mostly unchanged following the news, up slightly by 1.35% at $46,258 at press time. Considering the hype and enthusiasm the application has generated over the past few months, this price-performance ratio is surprising.Some analysts have predicted that the ETF approval could be a “sell the news” development. K33 Research Senior Analyst Vetle Lunde assert BTC’s price performance following rumors of the SEC’s fake ETF approval on January 9 showed that “ETF approval rehearsals favor news selling…
Posted 1 minute ago In ~ As spot Bitcoin fund trading began trading for the first time in the United States, users with brokerage accounts with Vanguard were unable to participate. When reached by phone Thursday, a day after the Securities and Exchange Commission approved 11 spot funds, a Vanguard customer service representative said Bitcoin ETFs would not be available on the platform because they were “highly speculative,” “unregulated,” and unsuitable. I said no. With the company’s long-term investment philosophy, officials noted that the platform does not allow other types of investments, such as leveraged ETFs. A company spokesperson confirmed…