
May 1st, 2025
Post the launch of ProShares Bitcoin Strategy ETF, BTC price has been flirting around $64,000.
The financial advisors will also enjoy the added benefit of access to bonds, ETFs, futures, mutual funds, options, and stocks in over 135 countries on the single platform.
Fund manager ProShares has reportedly received permission from the SEC to launch a US-based Bitcoin futures ETF tomorrow.
The Federal Reserve Chair, Jerome Powell, recently stated that his institution had no intention of banning cryptocurrencies. While this is a positive sign for the regulatory future of cryptocurrencies, we are still in a hazy area.
The Bitcoin community is expecting a Bitcoin ETF to begin trading today or tomorrow. BTC price is moving higher in anticipation of the launch.
Because of the SEC’s continuous witch hunt targeted at the crypto sector, Coinbase believes a separate regulator will be better. However, the SEC disagrees.
The latest Bloomberg report suggests that there will be no opposition by the US SEC in approving the upcoming Bitcoin futures ETF.
As Bitcoin nears $60K and looks to scaling its previous all time high, members of the community are hopeful for a US Bitcoin ETF approval.
According to Renaissance Capital, GitLab would have a fully diluted market value of $9.4 billion at the “midpoint of its first recommended range.”
Stronghold Digital Mining noted that it is planning to list its stocks on the Nasdaq following the IPO and offer them under the ticker ‘SDIG’.
The rumors of a delay in the approval process of the Bitcoin futures product can end up bad for the Bitcoin price, as investors were keen on buying BTC, expecting an ETF approval in October.
As a precautionary measure, Public.com has added a volatility reminder to ensure its customers are well informed on the market unfoldings.
The Bitcoin Revolution ETF from Volt will track the companies that have a significant number of Bitcoins on their balance sheet.
One of the reasons the bank gave for the rise of BTC is tied to the assurance the SEC gave to investors that they would not be banning crypto in the US.
The eventual refurbishing of the ledger-based stablecoin bridge between crypto and local currencies will begin in early 2022, with an aim to reconnect MoneyGram’s 150 million consumers.