ETF Financial News

This is your weekly digest of top crypto news from Cryptonews.com, followed by a collection of 20 hand-picked crypto jokes.

In the dynamic realm of cryptocurrency, Bitcoin‘s latest market movements have become a focal point of interest. As of Saturday, Bitcoin’s trading value hovers around $42,000, marking a decline of over 1.50%.

By Suzanne McGee and Hannah Lang

MicroStrategy said on Wednesday it had bought bitcoin worth about $615.7 million in cash, amid growing expectations that the top U.S. markets regulator will soon approve a spot bitcoin exchange traded fund (ETF). The company and its subsidiaries purchased about 14,620 bitcoins at an average price of roughly $42,110 between Nov. 30 and Dec. 26, according to a regulatory filing. In recent months, a spate of filings, including from traditional finance heavyweights like BlackRock have revived the crypto markets which had been crushed after several high-profile firms such as Sam Bankman-Fried's FTX collapsed. A spot crypto ETF would track the market price of the underlying crypto asset, giving investors exposure to the token without having to buy the currency.

Japan-based Monex Group is set to acquire a majority stake in Canadian crypto asset manager 3iQ.

Bloomberg analyst Eric Balchunas has shared insights on the latest requirements imposed by the U.S. Securities and Exchange Commission (SEC) to regulate the involvement of third parties in Spot Bitcoin ETFs through a “cash-create” redemption model.

ARK Invest has taken the lead in filing the final Form S-1 amendment for its proposed spot Bitcoin exchange-traded fund (ETF) ahead of a deadline set by the US Securities and Exchange Commission (SEC).

In a series of developments, Ripple, Bitcoin, and Pullix are in the news again. While Ripple has expanded its operation to Ireland, Grayscale CEO believes spot Bitcoin ETFs will bring $30 trillion into the market.

By Deep Kaushik Vakil

The expected approval of a spot Bitcoin exchange-traded fund (ETF) in January might not translate into a price surge for the cryptocurrency, according to a note by blockchain data firm CryptoQuant.

The United States Securities and Exchange Commission (SEC) has stated that it would postpone its judgment on various exchange-traded funds (ETFs) that are based on Ether (ETH) until May 2024. This is a big event for the cryptocurrency sector. There are major exchange-traded fund (ETF) proposals that are impacted by this delay. These include the Grayscale Ethereum Futures ETF and the Hashdex Nasdaq Ethereum ETF.

With Wall Street closing the curtains on a remarkable year, the five stocks discussed in this article have experienced a strong surge in their value as investors turned bullish on their prospects.

The Bitcoin ETF industry is seeing new headlines hit the market almost every other day. So much so that Franklin Templeton, which is a global asset management company, has even submitted an application for its own spot ETF.

Gold price may touch ₹67,000 in 2024 on the rise in demand. Should you buy? Mint collected the views of several experts regarding their opinions on gold's prospects in 2024. Here's what they said: Gold is a good investment option currently given the expectation of a prolonged two to three years rate cut cycle and consequent dollar weakness.

1. Financial literacy: Anshul Arzare, MD and CEO, Yes Securities, believes that staying updated, mitigating risks, being persistent, planning, and budgeting, are essential ingredients for financial success. 2. Caution against unforeseen occurrences: Arzare also advised that it's prudent to anticipate unforeseen occurrences, such as the existing geopolitical tensions and the recovery challenges faced by developing nations post Covid.

Indian economy, banking sector showed resilience: SBI chairman Khara Carter’s INQQ ETF's top holding is Mukesh Ambani-led Reliance Industries, the conglomerate behind the affordable smartphone boom. “No other country on the planet has anything like this in terms of a digital foundation for their entire economy," Carter told cnbc.com.

The crypto community is on edge as the US Securities and Exchange Commission (SEC) approaches a crucial deadline for potential approval of a spot Bitcoin Exchange-Traded Fund (ETF).

Value Partners, a Hong Kong-based company says it has plans to tokenize gold assets and also make an entry to the much anticipated Exchange Traded Fund (ETF) market.

shares of ProShares Bitcoin Strategy ETF, which is popularly known as 'BITO' and tracks the price of futures tied to the world's largest cryptocurrency, a trading note showed on Thursday. Based on the fund's closing price on Wednesday, ARK's stake is worth roughly $92 million, according to Reuters' calculations. After a brutal 2022, the crypto market is on a rebound, with Bitcoin climbing more than 150% so far this year. Big asset managers, including BlackRock, are waiting for regulatory approvals from the U.S. Securities and Exchange Commission (SEC) to launch a string of derivative-based products such as ETFs tracking the spot price of Bitcoin.

The launch of a spot Bitcoin exchange-traded fund (ETF) is a topic of active debate between the U.S. Securities and Exchange Commission (SEC) and a number of asset managers, notably the massive investment firm BlackRock. This action may be a crucial turning point in the acceptance of cryptocurrencies in traditional financial markets.

Bitcoin’s recent bull run took the crypto market by storm. Hundreds of projects surged in value, and Bitcoin hit its highest price in 2023. Now, a recent consolidation has driven up the price of Injective and Everlodge, with Everlodge hitting a new all-time high after stage seven of its presale sold out. With Injective now chasing a new all-time high, investors are excited as to how high it could go.