Category: Fiat

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 […]

Bitcoin Options Hit Nasdaq

The U.S. Securities and Exchange Commission has approved a rule change that allows Nasdaq’s International Securities Exchange to list and trade options on the iShares Bitcoin Trust (IBIT), BlackRock’s widely-traded exchange-traded fund. This move marks a significant step in expanding Bitcoin-linked derivative products, providing investors with new tools to manage their exposure to the world’s […]

Bitcoin ETFs Gain Momentum

Bitcoin exchange-traded funds (ETFs) are witnessing a renewed surge of interest. Recent data from blockchain analytics firm Arkham Intelligence indicates that anticipation around Bitcoin ETFs is driving market excitement. While the U.S. Securities and Exchange Commission (SEC) has yet to approve a spot Bitcoin ETF, the growing demand reflects a shifting sentiment among investors. Bitcoin […]

Bitcoin ETF Outflows Signal Cooling Investor Enthusiasm

Recent data from CoinShares indicates a significant shift in investor sentiment towards cryptocurrency, particularly Bitcoin. U.S. investors withdrew a staggering $725.7 million from crypto investment funds last week. Marking the highest weekly outflow since March. This trend contrasts sharply with European investors, who continued to inject funds into crypto during the same period. Let’s understand […]

Navigating Bitcoin ETF Withdrawals Amid Economic Shifts

Last week, investors rapidly withdrew cash from Bitcoin exchange-traded funds (ETFs), signaling a shift in market sentiment. According to a recent report by CoinShares, notable Wall Street entities like Fidelity and ARK Invest saw a collective outflow of $319 million from their Bitcoin-focused funds. In contrast, short Bitcoin investment products—those betting on the digital currency’s […]