BlackRock’s spot Bitcoin exchange-traded fund has generated nearly $245 million in fees over the past year, making it now the most profitable ETF for the firm by a wide margin. The iShares Bitcoin Trust ETF (IBIT) currently beats the iShares Russell 1000 Growth ETF (IWF) and the iShares MSCI EAFE ETF (EFA) by $25 million…
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Investors are turning to safe-haven assets, such as Bitcoin and gold, as the US national debt is nearing a record-breaking $38 trillion. America’s national debt, currently $37.9 trillion, is rising by $69,890 per second — or nearly $4.2 million per minute — over the last year, according to the US Congress Joint Economic Committee’s (JEC)…
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Canary Capital’s spot Litecoin exchange-traded fund is in limbo after the US Securities and Exchange Commission took no action on Thursday, the original deadline for it to make a decision. The SEC’s silence has left the crypto community uncertain about how the regulator will function amid a federal government shutdown and how its new generic…
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US Senator Ted Cruz of Texas has blocked a privacy bill that seeks to protect all Americans from having their personal information exposed by data brokers — arguing that law enforcement needs access to some data and that the bill requires refinement. The Bitcoiner was the only US senator to object to Democrat Senator Ron…
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Institutionally-focused crypto trading platform Bullish has launched in 20 US states after receiving a BitLicense and a money transmission license from the New York financial services regulator last month. Bullish debuted spot trading with two institutional clients on its first day: crypto infrastructure firm BitGo and crypto brokerage Nonco, it said on Wednesday. Source: Bullish…
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US House Republicans have told Securities and Exchange Commission Chair Paul Atkins that they are investigating the loss of text messages from former SEC Chair Gary Gensler from when he led the agency. The SEC’s Office of Inspector General’s findings in early September cast doubt on whether the Gensler-led SEC acted with transparency and integrity…
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An exchange-traded fund tracking the trading activity of American politicians, individuals and companies with close ties to the US president could launch later this week, according to an analyst. Bloomberg ETF analyst Eric Balchunas said that Tuttle Capital Government Grift ETF (GRFT) could launch as early as Friday, as the Securities and Exchange Commission on…
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Asset management giant BlackRock filed to register a Delaware trust company for its proposed Bitcoin Premium Income ETF on Thursday, signaling a push to broaden its Bitcoin offerings. Bloomberg ETF analyst Eric Balchunas said BlackRock’s proposed product would sell covered call options on Bitcoin futures, collecting premiums to generate yield. The regular distributions would, however,…
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A US Senate committee is set to hold a hearing next week to discuss how digital assets should be taxed — seemingly in line with the White House’s crypto report released in July. The hearing will be led by the Finance Committee’s chair, Mike Crapo, on Wednesday, with Coinbase vice president of tax Lawrence Zlatkin…
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The number of crypto millionaires has risen by 40% year-on-year to 241,700, fueled by Bitcoin’s price rally and the broader crypto market valuation pushing past $3.3 trillion by mid-2025, according to a new report. The number of crypto centimillionaires — people with crypto holdings above $100 million — rose 38% to 450, while the crypto…
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