Category: Fiat

Hong Kong Eyes Tax-Free Crypto Gains

Hong Kong is advancing its position as a global financial hub by proposing tax exemptions for investment gains on cryptocurrencies and other assets. The Financial Services and the Treasury Bureau outlined the plan in a consultation paper, which seeks to extend capital gains tax exemptions to sophisticated investors, including private funds and family office vehicles. […]

Hong Kong’s ZA Bank Launches Retail Crypto Trading

Hong Kong’s ZA Bank has become the first bank in Asia to offer direct cryptocurrency trading to retail users, enabling seamless trading of top cryptocurrencies in HKD and USD. ZA Bank announced the launch today, marking a significant step in integrating traditional banking services with digital asset trading. A Seamless Trading Experience Through the ZA […]

Bitcoin ETFs See $1 Billion Inflows as BTC Nears $100K

The surge follows the launch of options trading on BlackRock’s spot Bitcoin ETF on November 19, a move enabled by the SEC’s recent approval of options for spot Bitcoin ETFs. BlackRock Leads the Pack BlackRock’s iShares Bitcoin Trust (IBIT) attracted the largest share of inflows, bringing in $608 million in a single day, according to Farside Investors. Other top-performing […]

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 […]