Category: Fiat

Goldman Sachs Bitcoin ETFs: Major New Investments Revealed

Goldman Sachs has publicly revealed significant investments in Bitcoin-related exchange-traded funds (ETFs) through its recent 13F filing, marking a pivotal shift in its approach to digital assets. The filing, which covers the quarter ending June 30, shows the banking giant embracing cryptocurrency with substantial holdings in several prominent Bitcoin ETFs. Details of Goldman’s Bitcoin Investments […]

European Hedge Fund Capula Management’s Heavy Investment

Capula Management, a leading hedge fund based in London, has significantly increased its Bitcoin exposure, investing over $420 million through exchange-traded funds (ETFs), as detailed in a recent regulatory filing with the U.S. Securities and Exchange Commission (SEC). Let’s understand the depth of Capula Management’s Heavy Investment. Details of the Investment According to the filing, […]

MicroStrategy’s Bold Move: 10-for-1 Stock Split Announced

MicroStrategy, a renowned player in both Bitcoin software development and enterprise analytics, has made headlines with its announcement of a 10-for-1 stock split for its class A and class B common stock. This strategic decision was revealed on Thursday, aimed at making the company’s rapidly appreciating stock more accessible to a broader audience of investors […]

KuCoin Springs VAT on Nigeria’s Crypto Trades: A New Tax Era?

In a significant move signaling regulatory changes, cryptocurrency exchange KuCoin announced it will start imposing a Value-Added Tax (VAT) of 7.5% on transaction fees for its Nigerian users, effective from July 8, 2024. This decision follows a “regulatory update” in Nigeria, marking a pivotal shift in the country’s approach to cryptocurrency taxation. KuCoin, in an […]

Ether ETFs Await U.S. Debut

In a significant financial shift, professional investors have withdrawn over $120 million from ether (ETH)-tracked exchange-traded products (ETPs) in just two weeks, according to a recent report from crypto firm CoinShares. This marks the largest outflow since August 2022, with $60 million departing each week. Despite these substantial outflows, the landscape for other crypto ETPs […]

Germany’s Bitcoin Sell-off Spree: What’s Driving the Strategy?

In a notable move on Tuesday, the German government transferred 282.74 BTC, valued at approximately $17.64 million, to major cryptocurrency exchanges including Bitstamp, Coinbase, and Kraken. This action occurred at 4:20 p.m. Central Indonesian Time, continuing a broader trend of divestment by Germany, with over 3,000 BTC moved to centralized exchanges in just the past […]

21Shares Sparks ETF Buzz with New Solana Proposal

21Shares has officially thrown its hat into the ring with a new filing to the United States Securities and Exchange Commission (SEC) for the launch of the 21Shares Core Solana ETF. This move closely follows VanEck’s initiative to introduce a similar Solana-based spot ETF, signaling a growing institutional appetite for Solana (SOL) among leading financial […]

T-Rex Group’s Spicy Bitcoin ETFs Set to Ignite TradFi

Investors looking for a thrilling ride in the financial markets might soon have just the ticket, as the T-Rex Group has thrown its hat into the ring with a filing for several MicroStrategy ETFs. These new offerings are not just your standard fare; they’re designed to give investors leveraged exposure to Bitcoin’s price movements through […]