Grayscale Investments launched a cover call Bitcoin exchange-traded fund (ETF), with the spot Bitcoin ETF being approved among 11 applications approved by the U.S. Securities and Exchange Commission (SEC) on January 10. I applied. What exactly is included in a covered call Bitcoin ETF, and does it represent a safer or riskier investment for investors? Grayscale applies for covered call Bitcoin ETF On January 10, the SEC delivered positive news to the cryptocurrency community by approving applications for 11 spot Bitcoin ETFs from well-known U.S. asset firms. This expands accessibility for investors who are new to cryptocurrencies but prefer traditional…
Author: Crypto Flexs
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Ethereum price rose above the $2,600 resistance level. ETH is outpacing Bitcoin and maintaining its upward trend above the $2,580 support level. Ethereum extended its gains above the $2,650 resistance zone. The price is trading above $2,550 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a major bullish trendline with support at $2,590. A decline below the $2,580 support could trigger a downward correction. Ethereum price, more attention on the rise Ethereum price remained in positive territory above the $2,500 resistance line. ETH outperformed BTC and rose above the $2,650 resistance zone.…
Bitwise Asset Management, the largest U.S. cryptocurrency index fund manager, announced the launch of the Bitwise Bitcoin ETF (BITB), which will begin trading on January 11. This new ETF joins Bitwise’s family of 18 cryptocurrency investment products and trades on NYSE Arca under the ticker BITB. The management fee is 0.20%, and for the first $1 billion in assets, the fee is set at 0% for the first six months. Additionally, Bitwise will donate 10% of BITB profits to non-profit organizations that fund Bitcoin open source development. Founded in 2017, Bitwise is currently a partner to over 1,800 advisory teams,…
Posted 1 minute ago In ~ US investment app Robinhood presentation Starting today, 11 spot Bitcoin exchange-traded funds are now available for use in both retirement and brokerage accounts. “We believe that cryptocurrencies are the financial framework of the future and have become more accessible. Bitcoin BTC -0.86% Having ETFs is a good thing for the industry.” Johann Kerbrat, general manager of Robinhood Crypto, said in a statement. Investment platform CEO Vlad Tenev said on Wednesday: The “milestone” approval from the Securities and Exchange Commission opens the door to better risk management for clients when it comes to managing their…
XRP and Stellar (XLM) are two cryptocurrencies that have been consistently compared in terms of price growth and development. Both digital assets are dedicated to promoting cross border transactions. Considering the significant similarities, Ripple’s Chief Technology Officer (CTO) said: david schwartz We attempted to uncover the factors contributing to the persistent price correlation between cryptocurrencies. Ripple CTO explores XRP and XLM price trends Schwartz recently X (formerly Twitter) shares a chart showing a strong correlation in price movements and patterns between XRP and XLM tokens. In response to X users Expressing curiosity about the similar price trends between the two…
In the digital age, the concept of ownership has undergone significant changes. As digital assets proliferate and the importance of data ownership increases, it becomes important to have reliable and secure systems for establishing and protecting digital ownership. This is where BitMark becomes a game-changer in the world of digital ownership. What is a bitmark? BitMark is an innovative technology that leverages blockchain and smart contracts to establish and protect digital ownership. It provides an immutable, distributed ledger that records and verifies ownership of digital assets, including digital art, music, photos, videos, and more. BitMark leverages blockchain technology to ensure…
For online casino players, it is important to have a variety of payment options. Over the past decade, cryptocurrencies have become an increasingly preferred payment method.But that’s not the only thing players look for in online casinos. It’s also important to have a variety of games, including slots, table games, and live dealer games. You can check fruit slots To get an idea of the types of slots available:In this article, we will look at how cryptocurrencies are used in online casinos. Read on to learn more about this exciting technology.What is cryptocurrency?Cryptocurrencies are digital currencies that use encryption to…
Cryptocurrency markets are abuzz with the possibility that one or more applications for a spot Bitcoin exchange-traded fund (ETF) could be approved by the U.S. Securities and Exchange Commission (SEC) by January 10th. Bloomberg senior ETF analyst Eric Balchunas said: 95% Potential for ETF approval by regulators. Balchunas is not the only one showing confidence. Former SEC Chairman Jay Clayton said in an interview: CNBC January 8 “Approval is inevitable. “There are no more decisions to make.” ETF approval is a significant event for the cryptocurrency market, but what effect will it have on the price of Bitcoin? Analysts are…
Be prepared and brace yourself. When you read this, you may feel enraged and confused, confused, and angry enough to hit the screen. (Don’t do that.) Consider this a trigger warning..Bitcoin is a database. period. That’s it. A blockchain is a database that stores past updates so that the current state of that database, a set of UTXOs, can be reproduced. The entire Bitcoin protocol is built on: database. What are valid entries in that database, and what are not valid database entries? Who can suggest items to that database, and how do you ensure that only those users’ items…
Mike Collins, the US representative for Georgia, disclosed an investment of up to $65,000 in Ethereum (ETH) in early 2024. The disclosure, filed Jan. 9 with the House of Representatives’ Financial Disclosure Report database, includes purchases of $15,000 on Jan. 3 and $50,000 on Jan. 8. His total ETH investments after 2023 will be approximately $110,000. Collins’ participation in leading cryptocurrency Ethereum coincides with his continued investment in digital assets. The STOCK Act, a regulatory framework designed to prevent conflicts of interest, requires such disclosures for U.S. lawmakers. However, it does not prohibit oversight of laws potentially related to investments,…