Following a postponement in rendering a decision on Fidelity’s Ethereum Exchange-Traded Fund (ETF) application, Commissioner Hester Peirce of the U.S. Securities and Exchange Commission (SEC) has indicated that the approval process for an Ethereum ETF will diverge from the path witnessed in the case of Bitcoin ETFs. Peirce, also known as “crypto mom” in the … Read more
Bitcoin ETF, which tracks the price of bitcoin, has been recently approved by the US Securities and Exchange Commission (SEC). The move is being touted game-changer for the cryptocurrency industry that has been trying for more than a decade to launch such a product. The US SEC approved 11 spot bitcoin ETFs, including BlackRock’s iShares … Read more
The recent approval of 11 spot Bitcoin exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC) has sent ripples of excitement through the global crypto community. This milestone has been heralded as a game-changer, with industry experts anticipating significant shifts in the market dynamics. Edul Patel, CEO & Co-founder of Mudrex, asserts, “The … Read more
The crypto market moved marginally higher on Tuesday ahead of Federal Reserve official Christopher Waller’s speech. Federal Reserve Board Governor Waller’s speech, due later on Tuesday, will be in focus. His comments in late November had investors more convinced that the Fed will pivot toward rate cuts. Investors have priced in a near 80% chance … Read more
The cryptocurrency markets were trading higher on Tuesday, led by gains in Bitcoin, Ethereum, BNB and Solana. The global cryptocurrency market cap also rallied nearly 3.6% to around $1.61 trillion in the last 24 hours. At 12.19 p.m., BTC was trading 4.2% higher at $42,912, while Ethereum was up 3.02% at $2,241. Other popular altcoin, … Read more
2023 has been a mixed year for the cryptocurrency industry. While the downturn seen in early 2022 continued through the first half of 2023, there were some silver linings in the form of Bitcoin ETF applications by traditional finance heavyweights such as BlackRock. This provided the much-needed support for the legacy coin to gain value … Read more
Crypto assets over the last couple of years have gained spectacular popularity as a niche asset class. Cryptos have the potential to deliver mammoth-sized returns despite ultra-high volatility. There are various products in the market for investors that can help them participate in the new-age asset and brace volatility. Exchange-traded funds (ETFs) are one such … Read more
