Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Bitcoin trading volumes surged after the first US exchange traded funds with direct exposure to the world’s largest cryptocurrency made a long-awaited debut on stock exchanges. Nine new ETFs and two conversions from other products
Eoneren Spot bitcoin exchange-traded funds started trading on U.S. exchanges for the first time on Thursday as investors piled into the highest-profile crypto, bitcoin (BTC-USD), and other major tokens. The biggest and oldest token (BTC-USD) increased 2.5% to $46.7K at 10:52 a.m. ET, after reaching as high as $49K — the highest level seen since
The price of first decentralised cryptocurrency Bitcoin surged over 5%, reaching intraday high to $49,012 on Thursday, January 11, after the US Securities and Exchange Commission (SEC) greenlit the establishment of Bitcoin exchange-traded funds (ETFs) by investment firms, signalling a potential revival for the world’s largest cryptocurrency token by market capitalization. In fact, the daily
Federal regulators voted Wednesday that ordinary American investors can buy and sell bitcoin in the same way they trade stocks. The move opens up bitcoin investing to a larger swath of the American public, including potential investors who never quite understood what bitcoin is or how it works, let alone how to buy and sell
SAN ANSELMO, CALIFORNIA – JUNE 06: In this photo illustration, the Coinbase logo is displayed on a screen on June 06, 2023 in San Anselmo, California. The Securities And Exchange Commission has filed a lawsuit against cryptocurrency exchange Coinbase for allegedly violating securities laws by acting as an exchange, a broker and a clearing agency
They changed because the SEC lost a key court case last August: The U.S. Court of Appeals for the D.C. Circuit held that the commission failed to adequately explain its reasoning when it turned down Grayscale’s proposed bitcoin ETF. Gensler was forced to give in, but not on all fronts. For starters, he is engaged in
Ark Investment Management CEO Cathie Wood says Gary Gensler ‘denigrated the whole crypto space’ with his latest statement. Speaking in an interview with Bloomberg on Jan. 11, Ark Investment Management founder and CEO Cathie Wood criticized the head of the U.S. Securities and Exchange Commission (SEC), saying the latest statement about cryptocurrencies “denigrated” the whole
Comment on this storyComment Add to your saved stories Save The Securities and Exchange Commission voted Wednesday to allow Wall Street firms to offer easier ways to buy and sell bitcoin on financial markets, a major decision that could lead to the cryptocurrency becoming more mainstream just over a year after the crypto markets crashed.
Image Credits: Malte Mueller / Getty Images It wasn’t long ago when Indian venture capitalists were scrambling to establish their crypto credentials. Ethereum wallet addresses adorned Twitter profiles. Over a dozen VC firms scrambled to publish their own web3 investment theses, some even lowering their high bar for credentials to hire young analysts well-versed in
In a significant development for the cryptocurrency industry, the U.S. securities regulator has granted approval for the first-ever U.S.-listed exchange-traded funds (ETFs) to track Bitcoin. This decision marks a milestone for the world’s largest cryptocurrency. The news came after a turbulent 24 hours for Bitcoin, starting with a tweet from the Securities and Exchange Commission