BlackRock, Inc., the world’s largest asset manager, just revealed that its planned spot Bitcoin exchange-traded fund (ETF) will now cost 0.25% instead of 0.30%, according to Reuters.. The move is being taken in the midst of a competitive market where several investment managers, such as Ark Investment Management, are fighting for a position in the Bitcoin ETF. For the ARK 21Shares Bitcoin ETF, Ark Investment Management lowered its fees from 0.25% to 0.21%. The price cuts announced by BlackRock and Ark are indicative of a larger trend in the investment management space, especially when it comes to products centered around…
Author: Crypto Flexs
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SEC Incident Causes $220 Million Cryptocurrency LiquidationFake tweets from the SEC’s hacked Twitter account claiming approval of the Spot Bitcoin ETF triggered price spikes and crashes, resulting in $220 million in liquidations and losses for 70,000 traders. Long traders suffered the most, with liquidation of $133.5 million, compared to $87.29 million for short-term traders. There has been ongoing debate over the approval of a Spot Bitcoin ETF, with analysts divided over whether approval would be positive or negative for the asset. Even though the SEC dismissed the fake tweets, the collapse raised concerns that ETF prices may have already been…
In the end, ETFs are just standard investment products, not manna from heaven. Once people realize this, you will see a slow increase in demand and price action for Bitcoin, but not a surge of all-time highs. gold, if you check, it didn’t suddenly become a mainstream investment. It took many years. And I think the same goes for Bitcoin. Nonetheless, the hype surrounding the ETF announcement shows how many people want a positive story that could push Bitcoin higher. This may be the more important point here than the actual impact of the ETF. Whatever the fundamentals, there is…
Posted 1 minute ago In ~ Crypto payments company Ripple Labs plans to buy back $285 million worth of its stock from early investors, valuing the company at $11.3 billion, according to a company spokesperson.Early investors will only be able to sell up to 6% of their holdings, according to Reuters, which first reported the news, citing anonymous sources. Ripple plans to spend $500 million “to cover the cost of converting restricted stock units into stock and taxes,” Reuters also reported.It is well known for using Ripple. XRP +0.88% Digital tokens are privately owned. According to the report, company CEO…
When the history books are written and we look back on the past year, I think we can confidently say that meme coins will be the most memorable coins in 2023. It felt like it was going to go away for a while. Around that time, PEPE exploded, and suddenly all the market’s attention was on meme coins. As we head into 2024, every cryptocurrency news outlet is already filled with stories about the new meme coins that will generate the biggest returns in 2024. It is clear that we will see further growth in the sector. With that said,…
As a seasoned trader at Platinum Crypto Academy, I have been closely monitoring the evolving landscape of cryptocurrency investing, particularly the exciting developments surrounding Bitcoin ETFs in the US markets. With less than four days left until the Bitcoin ETF approval, the cryptocurrency community is abuzz with anticipation. I’m here to share insights and analysis on what this could mean for the markets and investors like us. First, the SEC’s recent developments are groundbreaking. The committee returned to Bitcoin ETF filers without any comment on the amendments, signaling that approval was very likely. This is a historic moment. We have…
A widely respected cryptocurrency analyst has said that the Ethereum-based (ETH) altcoin is dangerously close to a bearish reversal. Pseudonym: Cryptocurrency strategist Rekt Capital says It has 385,900 followers on social media platform “Chainlink has confirmed a breakout on the daily time frame but is trying to retest the red box bottom. Here, the make-or-break moment of a failed retest would set up a week for bearish bias, with the red box changing from old support to new resistance.” Source: Rekt Capital/X LINK is trading at $13.53 at the time of this writing and has fallen slightly over the past…
PlebLab hosts TopBuilder, a three-month hackathon from January to March. The application deadline is January 13th. If you are reading this and want to apply, please apply now. today. The hackathon lasts approximately one month and is judged based on the milestones set for the project at the start of the previous round. Judges include Lisa Neigut, founder of the Base58 and Bitcoin++ conferences, and Kelly Brewster, CEO of Wolf, a New York-based Bitcoin startup accelerator. They are looking for projects related to Bitcoin and Lightning that offer innovative solutions to existing problems faced by users and have the potential…
In recent years, the cryptocurrency market has seen a surge in popularity and investment. While Bitcoin and Ethereum have dominated the market for a long time, new players are quickly emerging and making waves. This is Quatloo. This new cryptocurrency is generating a lot of buzz and interest in the market. But what exactly is Quatloo and what sets it apart from other cryptocurrencies? Let’s take a closer look at Quatloo’s secrets and why it is quickly gaining traction among investors and traders. What is Quatloo? Quatloo is a new cryptocurrency created to provide solutions to some of the key…
Edward Snowden is a famous whistleblower. was attacked U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler made serious errors, including making deceptive statements, in connection with his approval of a Bitcoin exchange-traded fund (ETF). Gensler was accused of making the presentation in an inaccurate manner. This incident raised concerns not only about the legitimacy of the Securities and Exchange Commission (SEC), but also about market manipulation and cybersecurity within the regulator. In the early stages of the dispute, the official Twitter account of the Securities and Exchange Commission (SEC) was hacked and false information was spread that the SEC…