As Bitcoin, the largest cryptocurrency in the world by market cap, recently saw substantial growth, market observers look to the cause of this. One reason for the price driver may be the increase in applications for exchange-traded funds (ETF) for Bitcoin by several financial institutions, including Fidelity’s latest move to re-file for an ETF. As the market continues to grow, […]

In a recent development reported by CoinDesk, Fidelity, a leading player in asset management, is making another attempt to launch a spot Bitcoin ETF, the Wise Origin Bitcoin Trust. This move is hot on the heels of a similar filing by BlackRock’s iShares unit, indicating a significant shift in the financial landscape. As per CoinDesk’s report, Fidelity’s first attempt to […]

The landscape of cryptocurrency trading is experiencing a seismic shift, with U.S. investors taking the wheel in driving Bitcoin’s price surge, as per a CoinDesk report by Krisztian Sandor. The data from K33 Research reveals that the U.S. market hours have become a hotbed for Bitcoin trading, contributing to 50% of the total trading volume and pushing Bitcoin’s value up […]

Sentiment remains subdued as markets digested comments from central bankers that hinted at more interest rate hikes. The release of the PCE inflation readings from the U.S. are due on Friday which also kept sentiment in check. European benchmarks are trading mixed. Wall Street Futures are trading higher. Asian stocks finished mostly lower. Dollar Index remained firm. Bond yields mostly […]

Cathie Wood’s ARK Invest has made a strategic move that potentially gives it an edge in the race for a spot bitcoin exchange-traded fund in the U.S. The firm has amended its application to include a surveillance-sharing agreement, similar to BlackRock’s recent filing. ARK Amends Spot ETF Filing To Include BlackRock-Like Feature ARK Invest has updated its Bitcoin ETF application […]

Market sentiment remains subdued ahead of Fed Chair Powell’s panel discussion at the ECB Forum on Central Banking on Wednesday. The release of the PCE inflation readings from the U.S. are due on Friday which also kept sentiment in check. European benchmarks recorded strong gains. Wall Street Futures are trading mixed. Asian stocks finished mostly higher. Dollar Index remained firm. […]

Over the past few weeks, many proposals for a spot Bitcoin ETF in the United States have been filed, including applications from BlackRock, WisdomTree, etc. All previous attempts by firms to get a spot Bitcoin ETF have been futile as the SEC continues to push back, citing threats of market manipulation. The recent applications have led to a spike in […]

Cryptocurrencies as a whole gained close to half a percent in the past 24 hours even as major cryptocurrencies like Ethereum (ETH), XRP (XRP), Cardano (ADA), Dogecoin (DOGE) and Solana (SOL) struggled to trade in the green zone. Amidst the weakness amongst altcoins, Bitcoin’s crypto market dominance surged past 50 percent. Overall crypto market capitalization is currently at $1.19 trillion […]

HSBC, the largest bank in Hong Kong, has reportedly rolled out its inaugural cryptocurrency services. According to a report published earlier today by Cointelegraph, local journalist Colin Wu says that HSBC, which is Hong Kong’s largest bank, has now opened the doors for its customers to engage in buying and selling of Bitcoin and Ethereum ETFs listed on the Hong […]