Hong Kong is poised to become a leading hub for cryptocurrency exchange-traded funds (ETFs), particularly spot Bitcoin (BTC) ETFs, as anticipation grows for the approval of such ETFs in the United States.
Cathie Wood’s Ark Invest has reportedly offloaded its entire Grayscale Bitcoin Trust (GBTC) holdings, following a recent trend of divestment. Earlier this month, the asset management firm liquidated nearly $45 million in GBTC shares and over $150 million in Coinbase shares.
In a recent development that’s invigorating the cryptocurrency market, Bitcoin (BTC) has experienced a resurgence, now hovering around the $43,000 mark. This comes after a momentary dip below $42,000, with the digital currency currently trading near $42,300.
The decentralized Bitcoin mining pool Ocean reached a new milestone this week by successfully mining its third block ever. According to data from Mempool.Space, Ocean mined block number 823,129 on Wednesday morning, earning a total block reward of 7.412 bitcoins. This achievement demonstrates the capabilities of Ocean’s decentralized system, which was launched in November 2022 to promote decentralization in Bitcoin mining.
The potential approval of a spot Bitcoin ETF is one of the major factors, with five key reasons suggesting it could catapult BTC’s price beyond the $100,000 mark.
Grayscale has submitted an updated filing to the Securities and Exchange Commission, paving the way for its GBTC to transition into a spot Bitcoin exchange-traded fund (ETF) with the adoption of a cash redemption model.
In a recent interview with CNBC, Ark Invest CEO Cathie Wood expressed optimism regarding the approval of a spot Bitcoin exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC).
The hashrate of the Bitcoin (BTC) network has reached a new all-time high, putting additional pressure on miners who are already grappling with a slump in profitability.
BlackRock plans to invest $10 million into a seed fund for its proposed spot Bitcoin exchange-traded fund (ETF). This financial commitment is part of the firm’s preparations for the ETF’s anticipated launch, pending regulatory approval from the Securities and Exchange Commission (SEC).
Meanwhile, in a pivotal legal case, a judge has ordered Craig Wright to pay over $1 million, acknowledging new evidence pertaining to the enigmatic identity of Satoshi Nakamoto, the pseudonymous creator of Bitcoin.