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An independent examiner has been authorized to conduct an investigation into the FTX bankruptcy case, following a recent ruling by the Third Circuit Court of Appeals in Philadelphia. This decision overturns the previous denial of a third-party examination and emphasizes the importance of oversight and transparency in the operations of cryptocurrency exchanges. Court Mandates External […]

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New York Stock Exchange Submits Proposal for Options Trading on Bitcoin ETFs NYSE Arca Inc. has made a groundbreaking move by submitting a proposal to amend its rules, allowing options trading on commodity-based trust shares, specifically targeting bitcoin-based ETFs. This bold initiative, detailed in the 19b-4 filing with the SEC, represents a significant advancement in

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Kevin O'Leary's Stance on Spot Bitcoin ETFs Kevin O'Leary, also known as Mr. Wonderful from Shark Tank, recently shared his thoughts on spot bitcoin exchange-traded funds (ETFs) in an interview with Fox Business. He stated that he would never invest in a spot bitcoin ETF as he believes in holding bitcoin for the long term

The Significant Bitcoin Transfer Recent blockchain analytics have unveiled that Grayscale's Bitcoin Trust (GBTC) has transferred 4,000 bitcoins, valued at approximately $175 million, to Coinbase. These transfers were made in four separate batches of 1,000 bitcoins each. The Buzz in the Financial World The financial world is currently buzzing with excitement, especially after the successful

Several investment firms, including Vanguard, have decided to block customers from trading spot bitcoin exchange-traded funds (ETFs). According to the firm, "Our perspective is that these products do not align with our focus on asset classes such as equities, bonds, and cash." As a result, some dissatisfied customers have closed their Vanguard accounts and moved

Coinshares Strengthens US Footprint Coinshares International Limited has recently announced its acquisition of Valkyrie Funds LLC, a digital asset manager based in the United States. This strategic move by the Saint Helier company comes in response to the approval of Valkyrie's spot bitcoin exchange-traded fund (ETF). Coinshares' Key Acquisition On January 12, 2024, Coinshares revealed

Following the recent approval of spot bitcoin exchange-traded funds (ETFs), SEC Chairman Gary Gensler issued a statement to clarify the regulator's position on bitcoin and cryptocurrency. Gensler emphasized that the approval of spot bitcoin ETFs should not be interpreted as an endorsement of bitcoin itself. Background The SEC had previously disapproved more than 20 exchange

Introduction The former head of internet enforcement at the U.S. Securities and Exchange Commission (SEC), John Reed Stark, has raised concerns about spot bitcoin exchange-traded funds (ETFs). The SEC is expected to approve these ETFs on Wednesday, but Stark warns that they could lead to financial ruin for investors. He describes the spot bitcoin applicants