Search results for: Grayscale SEC

JPMorgan Predicts Inflows of $36 Billion into Spot Bitcoin ETFs

J.P. Morgan has shed light on the potential capital inflows into newly created spot Bitcoin exchange-traded funds (ETFs). While the exact amount of fresh capital remains uncertain, the bank anticipates substantial investments from existing crypto products, such as the Grayscale Bitcoin Trust (GBTC). The market’s reaction to the U.S. Securities and Exchange Commission’s (SEC) cautious […]

Coinbase Appoints New Head of Custody Services

Coinbase is making strategic changes in its leadership, particularly in its custody division, which is crucial for handling services related to the eagerly anticipated spot Bitcoin Exchange-Traded Funds (ETFs). The company recently announced a significant alteration in its custody leadership, with Aaron Schnarch, the former Chief Executive Officer of Coinbase Custody, stepping down. His successor, […]

Galaxy Digital’s Strategic Expansion in the Cryptocurrency Market

Galaxy Digital, a prominent player in the cryptocurrency financial services sector, is charting a new course under the leadership of Mike Novogratz, a well-known U.S. billionaire. The company’s recent activities showcase a strategic expansion and adaptation in the volatile world of digital currencies. FTX Deal and Asset Management Growth A pivotal moment for Galaxy Digital […]

BlackRock Revamps Spot Bitcoin ETF

BlackRock, the world’s largest asset manager, has made a strategic revision to its spot Bitcoin exchange-traded fund (ETF) application, potentially transforming the landscape of cryptocurrency investment for Wall Street banks. This revised model aims to facilitate easier participation for banking giants, aligning with their regulatory constraints. New In-Kind Redemption “Prepay” Model BlackRock’s novel in-kind redemption […]

Bullish Acquires CoinDesk, Fueling Crypto Media Landscape Changes

In a move that marks a significant shift in the crypto media landscape, Bullish, a firm led by former New York Stock Exchange President Tom Farley, has completed the acquisition of the renowned cryptocurrency news site CoinDesk. The announcement, made on November 20, reveals that CoinDesk was bought from its previous owner, Digital Currency Group […]

BlackRock’s Ethereum Trust Filing Signals Crypto Market Expansion

BlackRock Investments, a global investment management corporation, has taken a significant step towards integrating cryptocurrency into mainstream finance by filing an S-1 prospectus with the US Securities and Exchange Commission (SEC) for an Ethereum Trust. This move, following their June application for a Bitcoin exchange-traded fund (ETF), positions BlackRock as a potential key player in […]

CoinShares CSO Analyzes Crypto’s Surprising Rally

Meltem Demirors, the Chief Strategy Officer at CoinShares, a leading European crypto investment firm, recently shared her insights on the current crypto market surge, dubbing it “the season of the most hated rally” in an interview with CNBC. This term encapsulates the prevailing skepticism and mixed feelings among traditional market analysts, despite the crypto market’s […]

Bitcoin Soars to $35,000: A Surge Fuelled by ETF Anticipation

In a recent rally, Bitcoin has soared to an impressive $35,000, marking its highest point since the turbulence of 2022. This remarkable surge has been driven by the fervent optimism surrounding the potential approval of exchange-traded funds (ETFs). Optimism Peaks with Possible ETF Approval The buzz in the financial world intensified when a potential ETF […]