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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

Introduction The U.S. Securities and Exchange Commission (SEC) is facing concerns over the potential rejection of spot bitcoin exchange-traded funds (ETFs). Financial watchdog group Better Markets has urged the SEC to reject these ETFs, warning of "financial carnage" and "massive investor harm." The SEC is expected to make a decision on spot bitcoin ETFs early

'The First-Ever Bitcoin Depositary Receipt' Launches A group of former Citigroup executives has introduced a groundbreaking product in the world of cryptocurrency. They have launched bitcoin depositary receipts, a new offering that does not require registration with the U.S. Securities and Exchange Commission (SEC). The goal of this innovative product is to serve as a

The Klaytn Foundation, an organization dedicated to expanding the Klaytn ecosystem, has announced that Creder, one of its governance council members, will be launching a tokenized gold offering called Gold Pegged Coin (GPC) in January. In addition to GPC, Creder will also introduce Goldstation, a decentralized finance platform that allows users to convert physical gold

Introduction As the decision on bitcoin ETFs by the SEC draws near, market participants are preparing for potential market impact. Analysts are reflecting on the possibility of a "buy the rumor, sell the news" situation, considering the implications of an ETF approval on bitcoin's price dynamics. A Bitcoin ETF Approval Could Trigger Major Market Movements

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