Cryptocurrency industry Financial News

27.05 / 04:55

cryptocurrency industry bitcoin etfs US SEC approves exchange applications to list spot ether ETFs

Exchange Commission on Thursday approved applications from Nasdaq, CBOE and NYSE to list exchange-traded funds (ETFs) tied to the price of ether, potentially paving the way for the products to begin trading later this year. While the ETF issuers also have to get the greenlight before the products can launch, Thursday's approval is a major surprise win for those firms and the cryptocurrency industry, which until Monday had expected the SEC to reject the filings.

12.03 / 21:27

Fox Align Election community cryptocurrency industry Interviews Crypto’s Rising Influence in 2024 U.S. Elections: A Game Changer, Says Analyst

On March 11, FOX Business analyst Eleanor Terrett noted that the cryptocurrency industry is gaining influence as the 2024 U.S. elections draw near. She noted the increasing influence of crypto advocacy groups like Coinbase’s “Stand With Crypto Alliance” which boasts over 310,000 members.

13.01 / 00:21

Trading SEC cryptocurrency industry bitcoin etfs US Bitcoin ETFs see $4.6 billion in volume in first day of trading

exchange-traded funds (ETFs) saw $4.6 billion worth of shares trade hands as of Thursday afternoon, according to LSEG data, as investors jumped into the landmark products approved by the U.S. securities regulator on Wednesday. The products mark a watershed moment for the cryptocurrency industry that will test whether digital assets — still viewed by many professionals as risky — can gain broader acceptance as an investment. Eleven spot bitcoin ETFs — including BlackRock's iShares Bitcoin Trust, Grayscale Bitcoin Trust, and ARK 21Shares Bitcoin ETF, among others — began trading Thursday morning, kicking off a fierce competition for market share. Grayscale, BlackRock and Fidelity dominated trading volumes, the LSEG data showed.

26.10 / 07:51

cryptocurrency FTX BlockFi cryptocurrency industry Crypto lender BlockFi emerges from bankruptcy

BlockFi emerged from bankruptcy on Tuesday, nearly 11 months after it was swept away by the turbulence in the cryptocurrency industry following the collapse of FTX. In its bankruptcy filing in November last year, BlockFi had cited its loans to FTX's sister firm Alameda as one of the reasons for the crisis it was facing. On Tuesday, the company said it would officially begin enacting the actions detailed in its bankruptcy plan, like recovering assets it believes are owed to it by FTX, Three Arrows Capital and others. Any attempts to recover assets from those companies, however, will likely be contentious as both are themselves waddling through their respective bankruptcy processes.

02.08 / 12:57

cryptocurrency industry Bitcoin Crypto ATMs Market Will Soon Reach $400 Million. Can It Help?

Crypto ATM markets to reach $400 million in less than five years

14.05 / 08:59

Nomura cryptocurrency industry Bitcoin derivatives Nomura offers its first bitcoin derivatives, just as crypto markets tumble

Nomura has begun offering bitcoin over-the-counter derivatives to clients, it said Friday, the latest move by a traditional financial institution into the cryptocurrency industry, even as markets are in turmoil. The trades, executed on the CME by crypto asset trading firm Cumberland DRW this week, were the Japanese investment bank's first digital asset trades, said Nomura's head of markets, Asia ex-Japan, Rig Karkhanis in a statement. «Working with institutional-grade counterparties will allow us to scale into the increasing demand from our clients,» he said.

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