Category: Fiat

CoinShares Acquires Valkyrie Funds, Strengthens US Bitcoin ETF Presence

European digital asset powerhouse CoinShares has made a bold move to solidify its presence in the U.S. market, finalizing its acquisition of Valkyrie Funds LLC. This strategic acquisition, announced on Tuesday, grants CoinShares a two-pronged advantage: access to Valkyrie’s established foothold in the American market and the coveted sponsor rights to their highly anticipated Bitcoin […]

MicroStrategy’s Bold BTC Accumulation

MicroStrategy, a software company known for its assertive investment strategy in Bitcoin, has significantly bolstered its position in the cryptocurrency market with the latest acquisition of 12,000 Bitcoin (BTC). This purchase elevates its total holdings to a staggering 205,000 BTC, valuing its Bitcoin treasury at approximately $14.7 billion at current prices. The realm of corporate […]

Grayscale’s Strategic Move with Bitcoin Mini ETF

Grayscale is set to revolutionize the cryptocurrency investment landscape once again with its latest venture, the Grayscale Bitcoin Mini Trust (BTC). This innovative ETF product aims to rejuvenate the Grayscale Bitcoin Trust (GBTC) after a challenging period marked by significant outflows. The S-1 statement filed reveals that the BTC will serve as a “Spin-Off” from […]

Dimming Hopes for May Ethereum ETF Approval

Analysts from Bloomberg have notably adjusted their expectations, reducing the probability of a spot Ethereum ETF being greenlit by May to just 30%. This adjustment reflects a considerable shift from earlier optimistic projections, underscoring the intricate dance between regulatory processes and market anticipation. At the outset of the year, Bloomberg Senior ETF Analyst Eric Balchunas […]

London Stock Exchange Opens Doors to Crypto ETNs

Traditional institutions like the London Stock Exchange (LSE) are ready to embrace the potential of cryptocurrency. In a landmark announcement on Monday, the LSE declared its intention to start accepting applications for Bitcoin and Ether exchange-traded notes (ETNs) in the coming months, specifically during the second quarter of 2024. This decision signifies a significant shift […]

South Korea Tightens Grip: Crypto Management System Targets Tax Evasion

South Korea, a nation that has historically exhibited a complex relationship with cryptocurrencies, is taking a proactive stance against tax evasion in the digital asset space. The country’s National Tax Service is spearheading the development of a crypto-focused asset management system, slated for completion by 2025. This system signifies a significant step towards increased scrutiny […]

Coinbase Champions Grayscale’s Ethereum ETF Push in SEC Meeting

Coinbase, the leading American cryptocurrency exchange, recently met with the Securities and Exchange Commission (SEC) to advocate for Grayscale‘s proposed spot Ethereum (ETH) exchange-traded fund (ETF). This development follows Grayscale, a major crypto fund manager, applying in October to convert its existing Grayscale Ethereum Trust (ETHE) into a spot ETF. This shift would be a […]

Aevo Leads with Pre-Market Token Trading

Aevo, a derivatives exchange renowned for its innovative approach in the crypto derivatives space, has announced the pre-market trading of its forthcoming token, scheduled for an airdrop on March 13th. This initiative sets Aevo apart in the cryptocurrency landscape, particularly for an exchange to offer pre-market trading for its token, marking a potentially pioneering moment […]