The revised proposal allows the ETF to utilize both in-kind and cash mechanisms. The ETF plans to store Bitcoin in cold storage, with custody services provided by Coinbase Custody Trust.
While the proposal to end the partnership may have come from Apple, the tech company will benefit the least.
The update from the SEC appears to suggest that it plans to approve all Bitcoin exchange-traded funds (ETFs) at once.
To address concerns businesses raise regarding the security and privacy of AI assistants, Amazon said it had taken a proactive approach with Q.
Ark Invest seems to be rearranging its investment portfolio and has continued to sell huge amounts of Coinbase, while acquiring Robinhood shares.
Shein has hired three US-based financial companies – Goldman Sachs, JPMorgan Chase, and Morgan Stanley – as underwriters for the upcoming IPO.
COIN is presently trading at $119 after closing at $115 on November 27, which is the highest close since May 2022. The price now has minimal resistance ahead as it is moving toward $130, the May 2022 high.
Analysts at BMO Capital Markets are bullish about the stock market in 2024, suggesting that the S&P 500 will climb 12% next year.
Economists at Deutsche Bank foresee 175 basis points in rate cuts in 2024.
The SEC website showed one memorandum with details of a discussion with BlackRock, and another one on a discussion with Grayscale.
eToro’s foray into the UAE comes amidst a period of global expansion for the platform.
In the midst of economic uncertainties, the crypto market, particularly Bitcoin, has experienced notable price movements.
Nvidia is also working on two other chips, the L20 and L2, for the Chinese market. According to the Reuters report, one of the chips, L20, is not facing delays and is expected to launch according to the original schedule.
JPMorgan expects strong liquidation of the GBTC shares. Finance giant Ark Invest has already liquidated 700,000 shares over the last month.
Grayscale officials had previously met with the US SEC representatives to the division of trading and markets to discuss the proposed rule to list and trade GBTC under NYSE Arca.