Tag: BlackRock

Circle’s IPO marks a defining moment for both the company and the broader crypto industry. Priced at $31 per share—well above its target range—the stablecoin issuer raised approximately $1.1 billion, with the offering massively oversubscribed and shares surging 168% to close at $83.23 on debut. This strong institutional demand, including significant interest from ARK Invest and BlackRock, propelled Circle’s valuation to nearly $7 billion.

The crypto market is undergoing significant upheaval, with Wall Street bracing for potential game-changing impacts stemming from legislative and macroeconomic developments. President Donald Trump’s administration has accelerated efforts to regulate the crypto sector, including a stablecoin bill that could allow interest payments to holders of dollar-pegged cryptocurrencies.

The U.S. crypto sector is moving fast under the presidency of Donald Trump, a declared crypto supporter. The Nasdaq has filed an interesting proposal with the SEC to allow in-kind redemptions for BlackRock’s spot Bitcoin ETF. This move could revolutionize investor access to Bitcoin while streamlining costs and boosting liquidity.

The crypto market remains in hype mode in the Trump 2.0 era. Bitcoin continues to oscillate around its all-time high of over $93,000. BlackRock’s Bitcoin ETF options launched with a staggering $1.9 billion in trading volume on November 19, as bullish bets dominate the market. Investors eye a potential doubling in Bitcoin's price, signaling robust market optimism.

As reported recently by FinTelegram, the U.S. Securities and Exchange Commission (SEC) proposed a settlement with Do Kwon and his collapsed crypto scheme Terraform Labs. The judge has now approved this $4.5 billion settlement, marking one of the largest settlements in the crypto sector. This settlement follows a series of high-profile legal actions against various crypto firms, highlighting the ongoing efforts to clean up the sector after significant turmoil.

In an unexpected fast decision, the U.S. Securities and Exchange Commission (SEC) has approved applications from major exchanges, including Nasdaq, CBOE, and NYSE, to list exchange-traded funds (ETFs) tied to the price of ether. This approval marks a significant step forward for the cryptocurrency industry, potentially paving the way for these ether ETF products to begin trading later this year, pending final approval of their ETF registration statements.

CF Benchmarks, the digital assets index provider of the prominent U.S. crypto exchange Kraken, has positioned itself as a significant player in the burgeoning market for spot-Bitcoin exchange-traded funds (ETFs). This year has seen a notable surge in Bitcoin ETF activity, beginning with launches in the United States in January and expanding to Hong Kong recently, Bloomberg reports.

PPRO, an FCA-regulated E-Money Institution, has successfully concluded a funding round, securing €85 million. This financial boost is set to propel the fintech's growth initiatives in crucial markets and expand its extensive network of local payment methods worldwide. With the latest funding, PPRO is set to enhance its partnerships and extend its market reach further, reinforcing its position in the rapidly evolving payments landscape.

Recent developments in the crypto investment landscape, particularly the approval of spot bitcoin exchange-traded funds (ETFs), have led to significant shifts in holdings across various funds. Notably, Grayscale’s Bitcoin Trust (GBTC) has experienced a substantial reduction in its Bitcoin holdings, while ETFs like those from Blackrock and Fidelity have seen growth in their Bitcoin assets.

Despite the significant milestone of launching 11 bitcoin exchange-traded funds (ETFs) in the U.S., crypto prices experienced a downturn. The BTC price crashed by more than 7% on Saturday, marking a contrast to the institutional acceptance it has fought for over the years. The market's reaction following the ETF launch underscores cryptocurrency prices' dynamic and sensitive nature.

Yesterday marked a historic moment in the world of cryptocurrencies as the SEC finally nodded in agreement, giving the green light to not one, not two, but eleven spot Bitcoin ETFs. The crypto world, long seen as the rebellious teenager of the financial markets, has finally been invited to the Wall Street's fancy dinner party. And oh, what an entrance it made! The crypto industry was enthusiastic and confirmed. And rightly so!

Well, buckle up (or so) because it looks like the U.S. Securities and Exchange Commission (SEC) has finally decided to join the crypto party – albeit fashionably late and with a bit of a grumble. In what can only be described as a long-overdue nod to the future (or an admission of the inevitable), the SEC has given the green light to the first U.S.-listed exchange-traded funds (ETFs) to track bitcoin. It's a "watershed moment," they say, for the beloved cryptocurrency and the crypto industry at large.