Monthly Archives: October 2021

Second Bitcoin-Linked ETF In The US To Begin Trading On Friday

The fund, which tried listing as BTFD, has backtracked and will list under the ticker symbol BTF. The second bitcoin-linked ETF in the U.S., the Valkyrie Bitcoin Strategy ETF, is set to begin trading on Friday. The fund, which tried listing as BTFD, has backtracked and will list under the ticker symbol BTF. The third bitcoin futures ETF is set to launch on Monday. Valkyrie’s bitcoin-linked exchange-traded fund (ETF) has beaten VanEck in the race and will list the second bitcoin futures ETF in the U.S. on […]

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How Bitcoin Brings Financial Literacy To Everyone

Discovering and understanding bitcoin can be a catalyst for people to explore the origins of money and the world of finance. Credit: Rawpixels Bitcoin allows us to study and comprehend money on a level that most people have never experienced. Over the last decade, bitcoin has progressed from a niche asset to a sought-after financial tool. Today, it’s impossible to ignore news about bitcoin. How is bitcoin changing the financial landscape? A decade after its inception, bitcoin has gradually evolved into a reliable store of wealth. The […]

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Cboe Acquiring Erisx to Enter Cryptocurrency Spot and Derivatives Markets

Cboe is acquiring Erisx to enter the crypto spot and derivatives markets. “With Erisx, in a single step, Cboe is able to enter the digital asset spot, data, derivatives, and clearing ecosystem. Now is the right time to fully embrace and help define this emerging asset class,” said Cboe’s chief operating officer. Cboe Entering Crypto Spot and Derivatives Markets Cboe Global Markets Inc. (Cboe: CBOE) announced Wednesday that it has agreed to acquire Eris Digital Holdings LLC (Erisx). Erisx’s futures exchange and clearing house are regulated by […]

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BITO Bitcoin ETF Becomes Fastest ETF Ever To Hit $1 Billion AUM

The ProShares bitcoin-linked ETF hit $1 billion in assets under management in just two days. ProShares bitcoin-linked ETF hit $1 billion in assets under management in just two days, a record for the ETF industry. Gold ETF GLD held the previous record, having crossed the $1 billion mark in three days after it launched in 2004. A second bitcoin futures ETF is set to launch next week. The ProShares Bitcoin Strategy ETF ($BITO), the first bitcoin-linked exchange-traded fund in the U.S., has become the fastest ETF ever […]

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Price analysis 10/20: BTC, ETH, BNB, ADA, XRP, SOL, DOT, DOGE, LUNA, UNI

Bitcoin’s breakout to $67,000 also sent the total crypto market capitalization to a new all-time high and is a signal that altcoins could soon embark on a new uptrend. Bitcoin (BTC) surged to a new all-time high today, hitting close to $67,000. Ether (ETH) also broke above its immediate resistance and has started its march toward the all-time high. This pushed the total market capitalization of the crypto sector to a new all-time high above $2.64 trillion. The successful debut of the ProShares’ Bitcoin Strategy exchange-traded fund […]

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Soldex Signs Long Term Partnership With Speqto Technologies

Soldex is thrilled to announce that it has officially partnered with Speqto Technologies to accelerate the development of it’s decentralized exchange (DEX) solution, and to build and program the A.I.-powered bots, that form part of the services offered by Soldex to the public. Speqto Technologies were selected as the vendor due to their extensive expertise in building Decentralized Exchanges (DEX) and A.I. trading bots. Soldex has confirmed that the partnership has already been finalized and that the two companies are well underway in the development process of […]

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Mt. Gox trustee announces approval of rehabilitation plan, meaning creditors could soon receive billions

Nobuaki Kobayashi said distribution of the Mt. Gox assets likely wouldn’t begin for at least a month, once the rehabilitation plan became “final and binding.” Creditors from the now-defunct crypto exchange Mt. Gox have overwhelmingly approved a rehabilitation plan to compensate them for billions in lost Bitcoin. According to an Oct. 20 announcement from Mt. Gox trustee Nobuaki Kobayashi, roughly 99% of creditors affected by the collapse of the Japan-based crypto exchange approved of the draft rehabilitation plan originally filed in the Tokyo District Court in February. […]

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BREAKING: $2.2T asset manager PIMCO plans to buy more crypto

Institutional asset managers have been slower to embrace cryptocurrencies than retail traders, but their adoption is growing rapidly. Fixed-income manager Pimco is planning to increase its exposure to digital currencies such as Bitcoin (BTC) after dabbling in the asset class through crypto-linked securities, offering the latest evidence that major institutions are starting to embrace the emerging asset class.  In an interview with CNBC on Wednesday, CIO Daniel Ivascyn confirmed that Pimco already has exposure to “crypto-linked securities” through various hedge fund portfolios. He said the firm plans […]

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Malta financial watchdog approves Iconic’s crypto index fund for stock market listing

Iconic Funds claims its index fund will be Europe’s first with direct exposure to crypto assets listed on a regulated market. The Malta Financial Services Authority has greenlit the crypto asset index fund from asset manager Iconic Funds for listing on the Malta Stock Exchange. In an Wednesday announcement, Iconic Funds said it expected to list its BITA20 XA Crypto Asset Index Fund on the exchange “in the coming days,” with the fund offering direct exposure to cryptocurrencies. The fund invests most of its capital in the […]

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Vaneck Bitcoin Futures ETF Gets Green Light from SEC — Fund to Join Proshares BTC ETF Listing on NYSE

The wealth manager Vaneck will be launching its bitcoin futures exchange-traded fund (ETF) in the United States following the Proshares ETF listing that launched on Tuesday. According to the post-effective filing with the U.S. Securities and Exchange Commission (SEC), the Vaneck bitcoin futures ETF launch is approved to be listed after October 23. Vaneck’s Bitcoin Futures ETF Is the Second US Fund to Get Approval From Regulators This week, the Proshares Bitcoin Strategy exchange-traded fund (BITO) launched with a lot of fanfare and the ETFs volume broke […]

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