As the final deadline approaches for the U.S. Securities and Exchange Commission (SEC) to decide on the spot Bitcoin exchange-traded fund (ETF) application submitted by ARK Invest and 21 Shares, BlackRock is poised to take a significant step forward with its proposal. The asset management giant is set to seed the fund with $10 million … Read more
KEY POINTS Bitwise plans to seed its Bitcoin ETF, which is 20x larger than that of BlackRock The crypto asset manager has not yet named its authorized participant ETF analyst Balchunas previously said issuers will have to to explicitly authorize participant parameters in S-1 Form San Francisco-based crypto asset manager Bitwise has revealed a crucial … Read more
KEY POINTS Bitcoin faltered in the past week and destroyed its eight-week price appreciation streak Its dominance saw a 0.35% decrease from 53.46% to 53.11% Bitcoin was trading in the green zone at $43,004.63 Tuesday morning Bitcoin (BTC) rallied above the $44,000 price level last week, but hit a significant resistance near $45,000 and started … Read more
