Wealth management firm Bernstein has said that the recent Grayscale victory over the Securities and Exchange Commission (SEC) will pave the way for a spot Bitcoin (BTC) ETF approval.
Grayscale Crypto Asset Management and Bitcoin supporters are taking a victory lap on Tuesday, although a final celebration is far from certain, as the SEC is not acting in a “fair and balanced” manner, Matthew Tuttle, CEO and CIO of Tuttle Capital Management, told Cryptonews.
Over the course of the week ending 8/27, the Bitcoin market saw some dramatic changes. Bitcoin settled around $26,000 last week, slightly outpaced by the S&P 500 and Nasdaq, which registered a week-over-week increase of 0.8% and 2.3% respectively. What caught the eye of many investors, however, was the contrasting stagnation of Bitcoin prices last week, reminiscent of the time prior to the filing of BlackRock’s spot Bitcoin ETF application.
Bitcoin adoption in Argentina is surging, contrasting the more measured approach seen in El Salvador. As Argentina grapples with soaring inflation, its citizens are increasingly turning to Bitcoin, driven by economic challenges and political shifts.
Digital asset management firm, Grayscale wins its highly anticipated case against the Securities and Exchange Commission (SEC) over the latter’s rejection of the firm’s spot Bitcoin (BTC) ETF application.
Despite recent concerns about further potential interest rate hikes by the Federal Reserve, Bitcoin has shown notable resilience according to analysts. This comes after Fed Chair Jerome Powell's speech at the annual Jackson Hole symposium last week, where he indicated that more rate hikes may be on the horizon as the Fed battles elevated inflation.
The previously unidentified large BTC wallet that sparked widespread conjecture and analysis recently was identified last week. According to wallet data from Arkham Intelligence, investing and trading platform Robinhood holds over $3 billion in Bitcoin in this single BTC wallet, placing it behind only Binance and Bitfinex as one of the largest holders of Bitcoin.
Fidelity Investments might seem an unlikely player in the cryptocurrency universe as it has been operating for nearly eight decades. Fidelity’s reputation in the traditional financial management industry is unrivaled which makes it surprising to some to learn it is an early pioneer and adapter of Bitcoin.
Bitcoin ETF applications are facing a pivotal moment, with the U.S. Securities and Exchange Commission (SEC) slated to respond to several key filings right before the upcoming Labor Day weekend.
In the intricate realm of cryptocurrency, Bitcoin stands at the forefront of strategic discussions, underscored by its formidable $5 billion trading volume that has adroitly positioned the asset back in the positive domain.
Investment firm Ark Invest and blockchain security firm Glassnode have revealed a conceptual framework for understanding the Bitcoin (BTC) economy amid the ongoing bear market.
In recent developments, Bitcoin bulls have propelled the cryptocurrency past the $26,000 threshold, inciting debates about whether now is the opportune moment to invest.