Hong Kong funds are stepping up advertising campaigns for spot Bitcoin ETFs, attracting the attention of Chinese investors. Bloomberg Intelligence predicts possible capital inflows through the creation and redemption of these ETFs. Hong Kong’s Securities and Futures Commission (SFC) is expected to approve the funds in the second quarter. Harvest Global and Venture Smart Financial…
Major money management firms are increasingly confident that the Securities and Exchange Commission (SEC) will make cryptocurrency history in early January by approving the first spot Bitcoin exchange-traded fund, FOX Business has learned. Sources close to these companies say recent guidance from SEC officials is that the green light will likely be given by January…
No matter how trivial it may sound, there are financial assets in the commodity markets that add 2-5% growth every day. Such a price jump, especially in a directional movement, is much greater than that of the most liquid cryptocurrencies. Due to bad weather and cataclysms on the planet, cocoa and orange juice are now…
Previously, we gave a forecast for the growth of major cryptocurrencies. The main drivers were expectations of positive regulatory approval for spot ETFs and geopolitical tensions in the global economy and order. To these drivers, another important factor was added – the monetary policy of the US Federal Reserve. We believe the flagship cryptocurrency Bitcoin,…
On Tuesday, European lawmakers discussed in closed sessions what steps could be taken to enable authorities to identify individuals making transactions with any number of crypto assets, but no agreement was reached. Officials are concerned that “it is possible that terrorist financing may occur not only in large transactions, but also in small ones.” In…
The current “cottage industry” has about $50 billion in assets under management, equivalent to about 4% of the current cryptocurrency market size, write analysts led by Gautam Chhugani. Currently, the total capitalization of the cryptocurrency market is $1.08 trillion. The capitalization study comes months after companies like BlackRock filed for a spot ETF with the…
Founder and managing partner of venture capital firm Morgan Creek, Anthony Pompliano, believes that if the spot BTC-ETF is approved, it will attract $300 billion to the market. Industry leaders and experts are weighing the implications of the U.S. Securities and Exchange Commission’s (SEC) possible approval of a spot Bitcoin exchange-traded fund (ETF). Among the…
Renowned American TV presenter Jim Cramer, who seized the moment and criticized the Binance crypto exchange when the SEC filed a lawsuit against it, believed that the SEC’s findings are so convincing that even the exchange’s best lawyers will have to consider how competent they are. He also repeatedly urged market participants to sell cryptocurrency…
While regulators are smashing various crypto projects and exchanges to smithereens, the head of Binance, Changpeng Zhao, is promoting his company in the crypto world. Great move, what do you guys think? After successfully launching a branch in Japan, he believes that despite multiple regulatory scrutiny, his cryptocurrency exchange has proven to be reliable, maintaining…
After the large company Grayscale, which manages trusts for cryptocurrencies and other investment products, won a lawsuit against the US regulator SEC over the controversial issue that the latter rejected an important transaction, Bitcoin and Ethereum have significantly increased in price. But we do not rule out that this positive is too little for these…
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