The SEC Approves Spot Bitcoin Exchange-traded Funds
Despite a delay on Tuesday, the SEC has now given approval for some investment companies to offer spot Bitcoin exchange-traded funds.
Despite a delay on Tuesday, the SEC has now given approval for some investment companies to offer spot Bitcoin exchange-traded funds.
The price of Bitcoin is expected to undergo a 20-30% correction in the upcoming months due to a decrease in dollar liquidity.
According to multinational bank Standard Chartered, the value of Bitcoin could potentially reach $200,000 by the end of 2024
The developers of the Zengo Wallet have issued a challenge to hackers by setting a task to breach a crypto wallet holding 10 BTC.
According to Matrixport analyst Markus Thielen, there is little chance that the SEC will approve applications to launch a spot Bitcoin ETF in January.
Goldman Sachs is currently in discussions to become an authorized participant for spot bitcoin exchange-traded funds being considered for launch by BlackRock and Grayscale.
Inflows into cryptocurrency investment products reached a total of $243 million in the final week of 2023, bringing the year’s total to $2.2 billion.
"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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