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satoshin • Jun 30, 2023, 4:48 pm EDT

SEC Cites Lack of Clarity in Spot Bitcoin ETF Applications Amid Industry Surge

The Securities and Exchange Commission (SEC) has recently voiced its concerns over the increasing wave of spot bitcoin exchange-traded fund (ETF) applications. As reported by the Wall Street Journal, the regulatory body finds the filings lack sufficient clarity and comprehensive details, leading to a potential roadblock in the process. A number of well-known financial firms including BlackRock, Fidelity Investments, Ark Investment Management, Invesco, WisdomTree, Bitwise Asset Management, and Valkyrie have recently amended or reactivated their spot bitcoin ETF applications. Approval of these ETFs would represent a significant development for the crypto industry, expanding institutional access to Bitcoin and simplifying trading

3 minutes

satoshin • Jun 29, 2023, 4:08 pm EDT

Fidelity Investments Refiles Spot Bitcoin ETF Application Amid Increasing Institutional Interest

In a notable development underscoring the escalating institutional interest in Bitcoin, Fidelity Investments, one of the world’s largest asset management firms, has refiled its application for a spot Bitcoin ETF (Exchange Traded Fund). This move follows similar filings from several financial heavyweights, reinforcing Bitcoin’s growing acceptance among traditional investors. The momentum kicked off when BlackRock, one of the most prominent global asset management firms, submitted its spot Bitcoin ETF application. While it was not the pioneer in this space—ARK Investments and 21Shares had already submitted their spot ETF applications—it triggered a domino effect in the industry. Soon after, investment firms

2 minutes

satoshin • Jun 28, 2023, 4:17 pm EDT

GBTC surge by 80% in June

Grayscale’s Bitcoin Trust (GBTC) experienced an almost 80% surge in volume in June, coinciding with BlackRock and two other major financial companies filing applications to the U.S. Securities and Exchange Commission (SEC) for a spot bitcoin exchange-traded fund (ETF). GBTC’s trading volume climbed to $45 million in June, solidifying its standing as the most traded trust product in the sector, accounting for a whopping 74% of total trade volumes, as reported by CCData. This increase aligns with a wave of ETF filings in June by prominent firms such as Invesco, WisdomTree, and BlackRock. CCData attributed GBTC’s rise in volume and

1 minute

satoshin • May 21, 2023, 11:37 am EDT

Bitcoin 2023 Conference: A Hotbed of Innovative Discussion, Expansion, and Revolution

Miami Beach, the host of the Bitcoin 2023 conference, teemed with insightful conversations, ground-breaking ideas, and profound interactions. From a varied roster of builders, business leaders, and influential figures in the political sphere, the conference offered a potent blend of financial expertise, technological innovation, and socio-economic discourse. The event was a platform for revolutionary ideas shaping the Bitcoin landscape and the broader financial world. Notably, Zoltan Pozsar, a former Credit Suisse analyst, discussed the problems facing the Federal Reserve and the weakening power of the dollar. He pondered on whether Bitcoin, the decentralized cryptocurrency, could rise to serve as the

2 minutes

tinam • May 11, 2023, 3:32 pm EDT

How Bitcoin ATMs Are Making Crypto Payments More Accessible

With the growing popularity of cryptocurrencies, more and more businesses are starting to accept Bitcoin payments. However, buying and selling Bitcoin is still complicated and intimidating for many people. This is where Bitcoin ATMs come in – they offer a convenient and easy way for anyone to buy and sell Bitcoin using cash or credit cards. In this article, we’ll examine how Bitcoin ATMs make crypto payments more accessible to everyone and why they’re becoming an increasingly important part of the cryptocurrency ecosystem. Whether you’re already a Bitcoin enthusiast or just getting started with crypto, read on to learn more about how Bitcoin ATMs can help you buy and sell Bitcoin quickly and easily, no matter where you are.

3 minutes

satoshin • May 25, 2017, 7:38 am EDT

How Bitcoin will see massive adoption – it might surprise you.

Cryptocurrencies could see massive adoption perhaps in a way a typical fiat currency would not. Here is how: As people will keep spending fiat (why hold on to it, it loses quickly in value) they will naturally try to preserve and hold on to their bitcoin. Exceptions of course exist: if there is some real imperative for them to spend, they will spend their Bitcoin – this alone has been hailed as distinct marker of a debt-ridden society in which capital continuously gets misallocated and one where a limited asset constraints capital investments and makes sure they will have a superior return

3 minutes