Shares of Coinbase, one of the largest cryptocurrency exchanges, experienced a significant decline on Tuesday despite the strong performance of Bitcoin. This decline came as a surprise to many, as Bitcoin rallied to a 21-month high. Coinbase’s stock fell by 9.8% during …
Cathie Wood’s investment firm, ARK Invest, has recently sold over $25 million worth of Coinbase shares from two of its exchange-traded funds (ETFs). The sale took place on Wednesday, with a total of 166,183 COIN shares being sold from ARK’s Innovation ETF …
Bitcoin (BTC) experienced a recovery in European morning hours on Thursday, trading just above $43,000. This bounce back came after a leverage flush caused the cryptocurrency to drop as much as 7% on Wednesday. The market reacted to analyst reports, leading to …
A flood of investment money is expected to enter the cryptocurrency market if the U.S. Securities and Exchange Commission (SEC) approves bitcoin exchange-traded funds (ETFs) from several firms in the coming days. This approval would provide easier access to bitcoin for both …
The Central Bank of Nigeria (CBN) has taken a significant step towards embracing digital assets by releasing guidelines for banks on how to handle cryptocurrencies. This move indicates a shift in the country’s regulatory stance on crypto, which had previously been stringent. …
Title: Spot Bitcoin ETF May Soon Begin Trading in the U.S. Introduction Excitement is building around the possibility of a spot bitcoin exchange-traded fund (ETF) launching in the United States. This regulated financial product would provide institutional and retail investors with easier …
A group of former Citigroup executives is planning to introduce bitcoin-backed securities that they claim do not require approval from the U.S. Securities and Exchange Commission (SEC). Receipts Depositary Corp. (RDC) will offer depositary receipts similar to American depositary receipts (ADRs), which …
Social media buzzed with bullish sentiment on Wednesday following a speculative report that suggested a potential delay in the launch of a spot bitcoin ETF in the United States. This news caused the leading cryptocurrency to slide by 5%. According to data …
BlackRock and Valkyrie, two applicants for a spot bitcoin exchange-traded fund (ETF), have announced their authorized participants (AP) for the yet-to-be-approved ETF, according to recent filings. BlackRock, the first applicant to disclose this information, has partnered with J.P. Morgan and quantitative trading …
JPMorgan Chase CEO Jamie Dimon, a long-time critic of cryptocurrencies, has found himself in a rather ironic situation. Despite his vocal opposition to digital currencies, JPMorgan is now diving deeper into the world of cryptocurrencies, particularly Bitcoin. The bank has been revealed …