Category: Latest news

[ad_1] Grayscale’s Bitcoin Trust experienced a surge in trading activity on Jan. 8, coinciding with a significant reduction in the fund’s discount to 6.82%, marking its lowest point since April 2021. This increased activity was driven by market expectations surrounding the potential approval of a spot exchange-traded fund (ETF). Bloomberg’s senior ETF analyst Eric Balchunas…

[ad_1] Ethereum’s value against Bitcoin has dropped to historical lows as market anticipation grows for an imminent launch of a spot exchange-traded fund in the U.S. Data from Paris-based crypto intelligence platform Kaiko showed that the ETH/BTC ratio has steadily declined since the smart-contract-enabled blockchain transitioned into a proof-of-stake network in September 2022. During the…

[ad_1] As the crypto market holds its breath for the U.S. Securities and Exchange Commission’s (SEC) impending decision on the first spot Bitcoin Exchange-Traded Fund (ETF), a close analysis of Bitcoin’s on-chain data reveals a market in a state of cautious anticipation. Between Jan. 4 and Jan. 8, 2024, Bitcoin’s price increased from $44,230 to $46,944…

[ad_1] Speaking on CNBC’s ETF Edge on Jan. 9, VanEck’s CEO, Jan van Eck, said he expects the spot Bitcoin ETFs to start trading on Thursday, Jan. 11. Additionally, Steven McClurg, the Chief Investment Officer for Valkyrie, one of the other applicants in the race, told Fortune this week that he also believes Thursday will be…

[ad_1] Mash, the Lightning wallet-powered online platform for monetizing media, has introduced a Rewards Page, enabling publishers and creators to conduct Bitcoin giveaways via marketing initiatives. The platform revealed that its partners, including CryptoSlate, publishing firm TFTC, The Cymes, Nic Carter, and Lord Miles on X (formerly Twitter), have simultaneously launched giveaway campaigns for their…

[ad_1] Following last night’s news that the SEC had responded to several applicants for a spot Bitcoin ETF with additional comments, Blackrock has this morning, Jan. 9, submitted further amendments to its S1 prospectus with the SEC. However, upon CryptoSlate’s review of the document, there appear to be only two minor changes, indicating this is…

[ad_1] Quick Take Bitcoin open interest has witnessed an impressive increase in the past 24 hours, catapulting over $20 billion in notional value, a peak not observed since Dec. 2021, according to Coinglass. This surge appears to rekindle the market vigor exhibited during Bitcoin’s all-time high in Nov. 2021. In the past 24 hours, the…

[ad_1] In a Jan. 8 interview on Bloomberg ETF IQ, Reggie Browne from GTS, the trading and liquidity services provider, discussed the potential approval of a spot Bitcoin ETF in the U.S. and its implications. Browne predicted an initial premium of approximately 8% above fair value for the ETFs, a significant figure considering the typical…

[ad_1] VanEck is heating up the competition by seeding its potential spot Bitcoin exchange-traded fund (ETF) with a substantial $72.5 million, according to the amended S-1 form filed on Jan. 8. The move is part of a broader strategy among various asset managers who are vying for the attention of investors through competitive fee structures…

[ad_1] OpenAI published a blog post on Jan. 8 in which it responded to an ongoing lawsuit previously initiated by The New York Times. On Dec. 27, the newspaper alleged in a lawsuit that OpenAI violated copyright law and used millions of its articles to train automated chatbots. OpenAI, however, claims that The New York…