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trading on Thursday. The U.S. Securities and Exchange Commission approved 11 spot bitcoin ETFs this week, including BlackRock's iShares Bitcoin Trust, Grayscale Bitcoin Trust, and ARK 21Shares Bitcoin ETF, among others, after a decade-long tussle with the digital asset industry. On the first day of trading, $4.6 billion worth of shares changed hands across all the products, according to LSEG data from Thursday which tracks total trading activity, including inflows and outflows. Reuters could not immediately verify Bitwise's data. Grayscale, BlackRock and Fidelity dominated total trading on Thursday, the LSEG data showed.

₹2 crore) annually through the Liberalized Remittance Scheme (LRS), encompassing all overseas expenditures, including travel, education, and investments. Looking ahead, there's potential for Indian mutual funds to introduce products allowing investment in these US-based ETFs. Such 'feeder funds' would facilitate investments in the Indian rupee, with the same currency used for redemptions, and wouldn't count against the LRS limit.

The United States Securities and Exchange Commission (SEC) is on the verge of issuing conclusions on multiple spot Bitcoin exchange-traded fund (ETF) applications. This announcement comes at a crucial juncture for the cryptocurrency landscape. If this new breakthrough is successful, it has the potential to drastically alter the way digital assets are traded in the United States.

By Julie Zhu and Anirban Sen

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.

By Hannah Lang and Suzanne McGee

Morgan Stanley agreed to pay $249 million to the Justice Department and Securities and Exchange Commission to end a years-long US investigation into block trading that rattled the industry.

The new spot Bitcoin ETFs made a significant impact when they debuted on Wall Street on Thursday, collectively amassing $4.5 billion in volume on their first day of trading.

SEC) approved US-listed exchange-traded funds (ETFs) that track Bitcoin, Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday warned that crypto mania can have a Tulip mania-like outcome. «We are all familiar with the Dutch term Tulip mania in the Netherlands. I don't think the world, emerging markets in particular, can afford crypto mania which can have a similar outcome,» Das said at Mint BFSI Summit. While making it clear that RBI's position on crypto remains unchanged, irrespective of who does what, Das said, «Just because somebody is doing something, we are not here to emulate them....travelling down that path will create huge risks which, going forward, will be very very difficult to contain.» Paving the way for inflow of billions of dollars in cryptocurrency, the US has approved 11 Bitcoin spot ETFs. For Indian investors, the Bitcoin ETF will provide an opportunity to include crypto in their portfolio via the LRS route.

Bitcoin's current dominance is 51.14 percent, reflecting a decrease of 0.15 percent within the day. The decline comes despite the coin touching $49,012 (up 5 percent) on January 11 after Bitcoin exchange-traded funds (ETFs) were approved by the US SEC and began trading.

The U.S. Securities and Exchange Commission (SEC) approval of 11 exchange-traded funds (ETFs) that hold Bitcoin on Wednesday is being called an “unprecedented” decision by analysts — one that they say will expand how many people can gain exposure to the cryptocurrency.

Ether, the second-largest cryptocurrency, emerged as one of the biggest beneficiaries of the decision by US regulators to approve the country’s first spot-bitcoin exchange-traded funds.

Now that buying and selling bitcoin has evolved to encompass exchange-traded funds that invest in the digital asset, broker-dealers will inevitably ponder the Shakespearian question about a bitcoin ETF: to sell or not to sell?

A group of Republican lawmakers from the US House Financial Services Committee has urged Securities and Exchange Commission (SEC) Chairman Gary Gensler to address inquiries concerning the hack of the agency’s X account on January 9, 2024.

MUMBAI : The US may have green-lighted exchange-traded funds (ETFs) in bitcoin, but for India’s apex banking regulator, cryptocurrencies remain a strict no-no. “The way we look at crypto remains unchanged, irrespective of who does what," Reserve Bank of India (RBI) governor Shaktikanta Das stated at the 16th Mint Annual BFSI Summit and Awards in Mumbai on Thursday. “Just because somebody is doing something, we are not here to emulate them." The US Securities and Exchange Commission (SEC) on Wednesday approved the first US-listed ETFs to track bitcoin, marking a milestone for the world’s largest cryptocurrency and the broader crypto industry.

In a short statement confirming the filing, Circle says the number of shares to be offered and the price range for the proposed offering have not yet been determined. The IPO is expected to take place after the SEC completes its review process, subject to market and other conditions.In December 2022, Circle pulled the plug on a planned $9 billion Spac deal with Concord Acquisition Corp, the blank check firm run by former Barclays bigwig Bob Diamond.

The SEC's approval of 11 proposed spot Bitcoin ETFs on January 10 marks a significant milestone, affirming the growing acceptance and legitimacy of Bitcoin in traditional financial markets.

Circle Internet Financial – the issuer of the world’s second-largest stablecoin, USD Coin (USDC) – has quietly filed for an initial public offering (IPO) with federal regulators.

After a long wait, US markets regulator Securities and Exchange Commission (SEC) finally gave a go-ahead to the spot bitcoin ETFs on Wednesday, a move that led to a massive jump in the bitcoin prices.

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Securities and Exchange Commission (SEC) Chair Gary Gensler maintains a cautious stance on crypto despite the recent approval of spot Bitcoin exchange-traded funds (ETFs) by the agency he leads.