Category Archive: Cryptocurrency, No picture
YieldMax files for Ether Option Strategy ETF ahead of Ether ETF launch
Fund group YieldMax filed with the US Securities and Exchange Commission (SEC) to launch an Ether Option Income Strategy ETF on the New York Stock Exchange, Arca, according to a filing dated June 21, 2024. The move comes ahead of the anticipated launch of spot Ether ETFs in the US.The ETF, using a synthetic covered […]
Launch date for Ethereum ETF in the US reiterated as July 2nd by Bloomberg ETF analyst
The initial date for spot Ethereum exchange-traded funds (ETF) trading in the US is still July 2nd, according to Bloomberg ETF analyst Eric Balchunas. In an X post, Balchunas doubled down on this date, highlighting that “a bunch of amended S-1 Forms” for those ETFs might be filed today. “Then ball’s in SEC’s court to […]
Bitcoin miners unload their reserves at fastest pace in over one year, data shows
Bitcoin (BTC) miners have offloaded over 30,000 BTC in June so far, roughly equivalent to $2 billion, according to IntoTheBlock’s “On-chain Insights” newsletter. This is the fastest pace of miners’ sell-off in over one year. The halving is believed to be a significant factor in this trend, as it has led to reduced profit margins […]
Standard Chartered set to debut spot Bitcoin, Ethereum trading platform
Standard Chartered is launching its spot trading operations specifically for Bitcoin (BTC) and Ethereum (ETH), Bloomberg reported on Friday, citing people familiar with the matter. The new offering will expand the bank’s suite of digital asset services, including crypto custody and OTC trading.Standard Chartered’s FX trading division will handle spot trades for the two leading […]
Bitcoin falls close to $64,000 as ETFs bleed $140 million
Bitcoin’s price plunged close to $64,000 on Friday, hitting a low of $64,300, according to data from TradingView. The drop comes amid major withdrawals from US spot Bitcoin ETFs, totaling $139.88 million on Thursday.Grayscale Bitcoin Trust (GBTC) saw $53 million in its daily net outflows, while Fidelity Wise Origin Bitcoin Fund (FBTC) recorded $51 million […]
Ripple faces securities suit in Cali over ‘misleading’ statements from 2017
A US federal judge has allowed a civil securities lawsuit against Ripple Labs to proceed, focusing on alleged misleading statements by CEO Brad Garlinghouse about XRP.California District Court Judge Phyllis Hamilton denied Ripple’s bid for summary judgment on June 20, setting the stage for a jury trial. The case centers on Garlinghouse’s 2017 interview claim […]
First Solana ETF in North America set to launch on Toronto Stock Exchange
3iQ Digital Asset Management, a Canadian digital asset investment fund manager., has filed for the initial public offering of the first Solana exchange-traded product (ETP) in North America.The Solana Fund, under the ticker QSOL, will be listed on the Toronto Stock Exchange, offering exposure to Solana’s digital currency, SOL. UPDATE: 3iQ just filed to launch […]
Tokenized US Treasuries holders surge to an all-time high
The tokenized US Treasuries market reached an all-time high of 2,143 holders on June 18th, with a 250% year-to-date growth, according to data aggregator RWA.xyz. The Ondo Short-Term US Government Bond Fund (USDY) leads with 1,054 holders and over $218 million in tokenized bonds.The BlackRock USD Institutional Digital Liquidity Fund (BUIDL), which leads the market […]
Jump Crypto under CFTC scrutiny for its market practices
Chicago-based trading firm Jump Crypto is currently under investigation by the Commodity Futures Trading Commission (CFTC), as reported by Fortune. The probe, which is not indicative of any misconduct, is examining the firm’s trading and investment activities in the crypto sector. This scrutiny follows a series of setbacks for Jump, including its involvement in hacks […]
“People can access me 24/7:” Bitwise Ethereum ad pokes fun at traditional finance
Asset manager Bitwise released a commercial today comparing Ethereum (ETH) and traditional finance in a joking tone. With the caption “Unlike Big Finance, Ethereum doesn’t clock out at 4 p.m.”, the commercial portrays traditional finance as a senior and tired man, while Ethereum is a more jovial and full of energy version. Unlike Big Finance, […]
