Category: Fiat

Marathon Digital raises $850M in Convertible Notes

The Bitcoin mining firm, headquartered in Fort Lauderdale, Florida, announced Monday its plan to issue $850 million in convertible notes, with the option to expand to $1 billion. Of the expected $833 million in net proceeds, $199 million will go toward repurchasing $212 million of its existing 2026 convertible notes. The remaining funds will be […]

Grayscale to Launch Bitcoin ETF Options After BlackRock’s Record

Grayscale’s Bitcoin Trust (GBTC) and Bitcoin Mini Trust (BTC) will offer options trading to expand the ecosystem for U.S.-listed Bitcoin exchange-traded products (ETPs). The move follows BlackRock’s iShares Bitcoin Trust (IBIT), which made waves with record-breaking options trading activity on its debut, helping push Bitcoin to a new all-time high of $94,041. Expanding Bitcoin ETF […]

Paul Tudor Jones Doubles Down on Bitcoin ETF

A recent SEC filing reveals that Tudor Investment Corporation held over 4.4 million shares in BlackRock’s iShares Bitcoin Trust ETF (IBIT) as of September 30. This marks a substantial increase from just 869,565 shares in June. Signaling growing confidence in Bitcoin as a hedge against inflation. At the time of reporting, the ETF holdings were […]

U.S. Spot Bitcoin ETFs Pass $500 Billion in Trading Volume

In a landmark achievement for the crypto and asset management industries, U.S. spot bitcoin exchange-traded funds (ETFs) crossed the half-a-trillion-dollar mark in cumulative trading volume on Wednesday. Less than a year since their January launch, these ETFs have attracted unprecedented interest from institutional and retail investors alike, fueled by Bitcoin’s price rally and a shifting […]

Bitwise Consolidates Crypto ETFs into New Rotation Strategy Fund

Bitwise Asset Management is set to consolidate three of its futures-based cryptocurrency exchange-traded funds (ETFs) into a single innovative offering. According to recent filings with the U.S. Securities and Exchange Commission (SEC). The newly proposed ETF, named the Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF, is designed to adaptively shift its holdings between Bitcoin […]

Franklin Templeton Adopts Aptos Blockchain for U.S. Fund

Wall Street giant Franklin Templeton has announced the transition of its Nasdaq-listed On-Chain U.S. Government Money Fund (FOBXX) to the Aptos blockchain. Marking a significant step in the firm’s embrace of blockchain technology for financial services. Embracing Blockchain Innovation The move to Aptos, a blockchain platform developed by alumni of Meta’s unsuccessful Diem project. Represents […]

Bitwise Eyes Launch of XRP ETF Amid Regulatory Landscape

Bitwise, a prominent crypto asset manager based in San Francisco, California, has confirmed its plans to launch a major new exchange-traded fund (ETF) based on XRP. The seventh-largest cryptocurrency by market capitalization. This move follows the Securities and Exchange Commission (SEC)’s recent approvals of Bitcoin and Ethereum ETFs from various firms earlier this year. Growing […]

SEC Charges Rivetz with Unregistered Securities Offering

In September 2021, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Rivetz Corp., its subsidiary Rivetz International SEZC, and founder Steven Sprague. The SEC alleged that Rivetz conducted an unregistered securities offering by raising $18 million through an initial coin offering (ICO) of its RvT token in 2017. Allegations of Securities Law […]