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Court Approves Genesis’ $1.3 Billion Sale of GBTC Shares
Genesis Global, a notable player in the cryptocurrency industry, has recently obtained approval from a bankruptcy court to sell a substantial number of shares from the renowned Grayscale Bitcoin Trust (GBTC). This sale is estimated to add up to a staggering $1.3 billion, as reported by Bloomberg News on February 14th. The decision was made…
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Largest Price Boost Since Approval: Bitcoin ETF Inflows in US Reach Record Levels
An In-depth Analysis of Bitcoin Price Variations: Regional Influences and Work Hour Trends Introduction Bitcoin, the world’s most popular cryptocurrency, has experienced significant price variations in recent years. These fluctuations have been attributed to various factors, including market sentiment, regulation changes, and macroeconomic events. However, a closer examination of Bitcoin price variations across different regions,…
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VanEck Commits to Donating 5% of ETF Profits to Support Bitcoin Core Developers over a Decade
Investment firm VanEck has recently made an announcement regarding its potential spot Bitcoin Exchange-Traded Fund (ETF). In a statement released on January 5th, VanEck stated that it intends to donate 5% of its profits from the proposed ETF, should it receive approval, to support the Bitcoin core developers working at Brink. Brink, which was established…
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Bitwise survey reveals only 39% of financial advisors anticipate a Bitcoin ETF in the near future
A recent survey conducted by Bitwise revealed that a majority of financial advisors do not anticipate the approval of a spot Bitcoin exchange-traded fund (ETF) in the coming year. The survey’s findings indicate that most professionals in the field lack confidence in the near-term approval of such a fund by the U.S. Securities and Exchange…
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FTX and Bahamas Subsidiary Collaborate to Streamline Asset Distribution
FTX Trading Ltd. recently announced that it has reached a settlement with its subsidiary, FTX Digital Markets, based in the Bahamas. This development comes as a significant milestone in addressing the challenges that emerged from the collapse of the FTX group in November 2022. However, it should be noted that this settlement is still subject…
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Mike Novogratz of Galaxy Digital Foresees Approval of Bitcoin ETF by January 10
Mike Novogratz, the founder and CEO of Galaxy Digital, recently expressed his optimism about the approval of a spot Bitcoin exchange-traded fund (ETF) in the near future. In an interview with CNBC, Novogratz confidently stated that he believes the approval will come before January 10th, 2022. Novogratz’s prediction comes at a time when the Securities…
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SEC Discussions Zero in on Key Details, Bringing Bitcoin ETFs Closer to Reality
Talks between the U.S. Securities and Exchange Commission (SEC) and several asset management firms have reportedly progressed to advanced technical discussions regarding the approval of spot Bitcoin exchange-traded funds (ETFs). According to sources familiar with the matter who spoke to Reuters on December 7, the talks have delved into key details surrounding the establishment of…