Author: Cointelegraph By Helen Partz

Bitcoin Investing Made Simple!

Could funds potentially buy up all BTC in circulation?

[ad_1] The long-awaited potential approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States could mean the market sees Bitcoin supply suddenly drop as funds snap up as much as they can, some market observers have predicted. With prominent firms like Ernst & Young expecting U.S. Securities and Exchange Commission (SEC) approval…
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Cathie Wood’s ARK dumps 800K Grayscale Bitcoin Trust shares

[ad_1] ARK Invest, one of the applicants for a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States, has continued to dump its holdings of Grayscale Bitcoin Trust (GBTC) stock with the sale of yet another significant batch of shares. On Dec. 18, ARK sold 809,441 GBTC from its ARK Next Generation Internet ETF…
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BlackRock, ARK revise Bitcoin ETF plans along SEC’s cash-only model

[ad_1] Major applicants for a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States are amending their filings to comply with the cash redemption model demanded by securities regulators.  Investment manager BlackRock and Cathie Wood’s ARK Invest have updated their S-1 registration statements for a spot Bitcoin ETF with the U.S. Securities and Exchange…
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Bitcoin miner Cipher buys 37K Bitmain Antminers for $99.5M

[ad_1] Publicly traded Bitcoin (BTC) mining firm Cipher Mining (CIFR) is scaling operations with a new mega-purchase of cryptocurrency mining devices. Cipher will buy 37,396 units of Antminer T21 miners from the Chinese crypto mining giant Bitmain under a new agreement, the firm announced on Dec. 18. The new mining equipment to be bought is…
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Hut 8 agrees to develop mining site to build equity with Celsius creditors

[ad_1] The Canadian Bitcoin mining firm Hut 8 has signed an interim agreement to launch a new mining site in Cedarvale, Texas, in connection with the Celsius Network bankruptcy proceedings. Announcing the news on Dec. 18, Hut 8 said that the mining site will house almost 66,000 miners and will be powered by more than…
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Spot Bitcoin ETF will be ‘bloodbath’ for crypto exchanges, analyst says

[ad_1] While the crypto community eagerly awaits the possible approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States,  some ETF analysts are warning this could potentially trigger unwanted consequences for cryptocurrency exchanges. Several industry observers have predicted that a spot BTC ETF could start trading in early 2024, an event that,…
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First Trust files for Bitcoin ‘Buffer ETF’ with SEC

[ad_1] The financial services firm First Trust is the latest company to file for a Bitcoin (BTC) exchange-traded fund (ETF), and not for a spot one. First Trust on Dec. 14 submitted a Form N1-A filing with the United States Securities and Exchange Commission (SEC) to launch a new Bitcoin-linked product called the First Trust…
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TMX buys 78% of ETF tool VettaFi for $848M, boosting stake to 100%

[ad_1] TMX Group, the operator of Canadian stock exchanges such as the Toronto Stock Exchange and the Montreal Exchange, is finalizing the acquisition of VettaFi, a significant player in the exchange-traded fund (ETF) industry, including in blockchain and crypto ETFs. The firm officially announced on Dec. 13 that it has agreed to acquire the remaining…
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Top 5 blockchain ETFs that returned over 100% in 2023: Data

[ad_1] As the cryptocurrency community has been focused on the potential approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States, some crypto-linked ETFs have already been racking up significant gains in 2023. One such ETF is the VanEck Digital Transformation ETF (DAPP), which has surged nearly 207% year-to-date (YTD), according to…
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3AC co-founder Su Zhu to be released by year-end after court grilling: Report

[ad_1] Su Zhu, co-founder of bankrupt cryptocurrency lender Three Arrows Capital (3AC), is reportedly set to be released this month after facing an extensive interrogation in a Singapore court. Zhu was arrested in Singapore in September 2023 when he attempted to flee the country after a local court sentenced him to four months of imprisonment. At…
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