Bitcoin demonstrated resilience by establishing stability within the $39,000 to $40,000 range and showcased its bullish strength Friday when it saw a notable surge, closing at the $42,000 mark.
Charles Schwab's position may soon change, as it could be currently evaluating the strategic advantage of entering the market as a second mover in a space where many competitors raced to be the first, Bloomberg Intelligence analyst Eric Balchunas said.
"The need for federal legislation over cash market digital assets has never been more critical, and I will continue my call for action," the CFTC chair said.
When Vanguard made the decision to exclude the new Bitcoin ETFs from its extensive trading platform, the hashtag #BoycottVanguard quickly gained traction on the social media platform X (formerly Twitter). However, instead of yielding to the pressure, Vanguard reaffirmed its stance and remained resolute in its decision.
This impressive surge in inflows further cemented BlackRock's position as a trailblazer in the Bitcoin ETF sector.
Since transitioning to trade as a spot Bitcoin exchange-traded fund (ETF) on January 11, the Grayscale Bitcoin Trust (GBTC) has experienced an outflow of approximately $4.8 billion from its holdings.
Tesla Inc.'s fourth-quarter report noticeably omitted any mention of Bitcoin-related activities, underlining the company's continued ownership of its significant Bitcoin holdings, totaling 9,720 BTC.
During this week's hearing, the Office of the U.S. Trustee, the federal entity responsible for overseeing corporate bankruptcies, advocated for keeping the cost, duration and extent of the fresh investigation open until after the examiner's appointment.
GBTC has been recording massive outflows since it officially traded as a spot Bitcoin exchange-traded fund (ETF).
In the notice, the government explicitly outlines its intentions to liquidate the seized Bitcoin.
It is essential to highlight that certain portions of the recently unsealed letter remain redacted.
In October, Welly shared its many aspirations, including transforming itself into a renowned global healthy fast-food restaurant by leveraging blockchain technology through Shibarium.
The SEC filed 13 charges against Binance, Zhao and Binance.US alleging that they deceived investors regarding its market surveillance capabilities, implying issues with transparency.
The SEC's stance on spot Ethereum ETFs appears less favorable, as it has been described as a "hard no" with reported "internal resistance to the idea."
Nexo said it filed the arbitration claim with the International Centre for Settlement of Investment Disputes in Washington for lost opportunities resulting from what it called "wrongful and politically motivated actions against the company and its executives."
BlackRock filed for its spot Ethereum ETF in November, called the iShares Ethereum Trust. The SEC made the delay one day before the Jan. 25 deadline, marking the initial delay within the SEC's 240-day review period.
Bitwise's latest move is in line with the fundamental principles of Bitcoin, which prioritize transparency and open verification. Disclosing addresses allows investors and regulators to independently validate asset holdings and transaction flows.
ARKB, on its eighth day of trading, the fund experienced a notable inflow of $110.5 million, further solidifying its position as an attractive investment vehicle in the Bitcoin ETF landscape.
Grayscale Bitcoin Trust ETF (GBTC) Bitcoin balance currently stands at approximately 553,000 BTC, marking a notable decrease of approximately 12% from its peak level of 630,000 BTC.
The significant uptick in inflows for the IBIT on Tuesday marked the ETF's third-largest inflow day.
Peirce, also known as "crypto mom" in the cryptocurrency community, enthusiastically acknowledged the newfound investment opportunities unlocked with the approval of Bitcoin ETFs.
The king of crypto's continued downhill trading coincided with the transfer of approximately 15,200 BTC from Grayscale Investment's Bitcoin ETF GBTC to Coinbase worth around $590 million on Tuesday.
FTX reportedly divested nearly two-thirds of its GBTC holdings within the initial three trading days of the fund's operation as an ETF.
Industry observers believe that the combination of locked positions and high fees has created a strong incentive for investors to pursue more cost-effective options.
Among the various ETFs, Fidelity's FBTC and BlackRock's iShares Bitcoin Trust have each attracted over $1.2 billion in inflows.
Last week, Judge Jed Rakoff moved the start date of the SEC v. Terraform Labs and Kwon $40 billion fraud case trial to March 25 from the initial Jan. 29 start date, following an appeal from the crypto mogul's camp.
Malicious actors once again hit the crypto exchange platform HTX last week with a DDoS attack that lasted for 15 minutes, overloading the site and causing a brief outage.
Wood thinks Bitcoin holds the potential to attain a valuation of $1 million per unit at some point in the future, albeit not in the immediate term.
The timeline for the anticipated ruling could potentially be delivered by the end of Q2 2024
The SEC emphasized the need for an extended evaluation period to make an informed decision regarding approval, disapproval, or the initiation of further proceedings.
