As Bitcoin plunges below the $40,000 threshold, despite the introduction of spot ETFs and substantial inflows, investors grapple with the intricate interplay of market dynamics and the shifting landscape of cryptocurrency trends.
The Securities and Exchange Commission (SEC) has prolonged its decision-making period for Fidelity's proposed Ethereum exchange-traded fund (ETF) until March 5, allowing more time for evaluation and consideration of the industry-shaping proposal.
The European Union takes decisive steps to combat money laundering, requiring cryptocurrency firms to implement enhanced due diligence measures and introducing specific checks for cross-border transactions in the latest Anti-Money Laundering Regulation agreement.
Indian crypto exchanges, spurred by the Financial Intelligence Unit's crackdown on 10 foreign platforms, launch initiatives to assist users in smoothly transferring assets from banned exchanges, offering fee waivers and support in compliance efforts.
BlackRock, the world's largest asset manager, swiftly amasses $500 million in Bitcoin for its spot ETF, now holding nearly 11,500 bitcoins and poised to surpass all other public companies to become a potential top global Bitcoin holder.
As the U.S. SEC greenlights the first-ever Bitcoin ETF, crypto enthusiasts anticipate a substantial surge, with predictions of Bitcoin hitting $100,000 this year. The approval is seen as a pivotal moment, diversifying investor participation and setting the stage for a potential digital gold rush.
U.S. Bitcoin ETFs attract $4.6 billion in trading volume post-SEC approval, igniting market competition. Notable issuers, including Grayscale and BlackRock, lead the charge, but caution prevails amidst continued perceptions of crypto risk within the investment community.
In a significant development for the crypto industry, the U.S. Securities and Exchange Commission (SEC) has given the green light to 11 spot Bitcoin ETFs.
A deceptive tweet from the official SEC Twitter account falsely declaring the approval of bitcoin ETFs stirs confusion and speculation, prompting the SEC to clarify that its account was compromised and no such approval has been granted.
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