Live crypto news updates: If spot bitcoin ETFs receive SEC approval, they will trade at an 8% premium to their net asset value, according to Reggie Brown, head of ETF trading at market maker GST.
The remarks came as Bitcoin ETF issuers, including the likes of BlackRock, Valkyrie, VanEck and Fidelity, among others, filed amended S-1 filings with the US securities watchdog, hoping to gain approval to launch their own spot Bitcoin products. With them. .
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02:37:13 PM EDT, January 9, 2024
Cryptocurrency News Live: What's next for SEI after 20% price rise?
SEI, the native token of the Layer-1 blockchain Sei, has made a massive comeback, rising 20% in the past 24 hours to $0.75. The value of the token has risen by a whopping 170% in the last 30 days.
02:11:41 PM IST, January 9, 2024
Cryptocurrency News Live: Shiba Inu (SHIB) Burn Rate Surges 900% Amid Price Surge
The Shiba Inu (SHIB) burn rate has risen by a whopping 900% in the past 24 hours, with nearly 34 million SHIB tokens sent to burn addresses. This development coincided with a rise in SHIB prices, as the value of the meme currency rose by more than 5% to reach $0.00000952 during the past 24 hours.
01:34:06 PM EDT, January 9, 2024
Solana is now the second largest ecosystem in terms of monthly active developers
Solana's developer ecosystem has maintained steady growth over the past 12 months after seeing a sharp decline in the number of developers from an all-time high in December 2022. An average of 2,500-3,000 monthly active developers were building on Solana throughout 2023, according to the data Modern from Solana Foundation showed.
01:03:22 PM IST, January 9, 2024
Cryptocurrency News Live: Spot Bitcoin ETFs Could See a Premium 8% Rally
As investors anxiously await the SEC's decision on spot bitcoin ETFs, Reggie Brown – head of ETF trading at GST – said he expects spot bitcoin products, if approved, to trade at a premium of 8% to net worth. Its origins. Furthermore, Brown said it would be difficult to keep ETF prices in balance with underlying bitcoin holdings, given the SEC's reluctance to allow direct spot trading of bitcoin by brokers and dealers.
12:42:51 PM EDT, January 9, 2024
Cryptocurrency News Live: DeFi Poses a Growing Risk to Financial Stability, CFTC Warns
The US commodity watchdog, CFTC, has issued a report outlining the emerging risks associated with digital assets, especially in the field of decentralized finance (DeFi). The report notes that one of the main concerns is the lack of accountability within the decentralized finance sector, which poses risks to consumers, investors, and financial stability.
12:01:52 PM EDT, January 9, 2024
Cryptocurrency News Live: Institutional investors are shorting the Bitcoin ETF market despite rising prices
Despite the recent surge in Bitcoin prices, with the OG cryptocurrency crossing $47,000 levels on Monday for the first time since April 2022, institutional investors are cautious and have started selling short in the ETF market.
11:52:36 AM EDT, January 9, 2024
Cryptocurrency News Live: Solana Memecoin BONK Upends Shiba Inu in Trading Volume
BONK, a memecoin based on the Solana (SOL) network, has surpassed the Shiba Inu in its 24-hour trading volume. Bonk saw a rapid 158% jump in its trading volumes over the past 24 hours to $324.5 million. In comparison, SHIB's trading volumes fell to $179.2 million during that period.
11:43:30 AM EDT, January 9, 2024
Cryptocurrency News Live: Bitcoin ETF Approval Timeline Uncertain?
Recent comments from the US Securities and Exchange Commission regarding Spot Bitcoin ETF's pending Form S-1 applications indicate a potential delay in their approval, according to Chamber of Digital Commerce President Brian Boring.
11:16:56 AM EDT, January 9, 2024
Crypto News LIVE: Bitcoin ETF issuers go live to file amended S-1 filings
Bitcoin ETF issuers, including the likes of Valkyrie, WisdomTree, BlackRock and Fidelity, filed amended Forms S-1 with the US securities regulator on Monday, seeking permission to launch their funds. The SEC has until January 10 to decide whether to approve or reject spot bitcoin products. In anticipation of approval, VanEck has pumped $71.5 million into the proposed Bitcoin ETF.
09:52:48 AM EDT, January 9, 2024
Cryptocurrency News Live: Cryptocurrency Group Facing Huge Pressure as Crypto Expert Alleges Scams
Cryptocurrency company Digitalcurrency Group (DCG)'s announcement that it has repaid $1 billion in loans taken from creditors, including $700 million from Genesis, has raised eyebrows, with cryptocurrency expert Vijay Boyapati accusing DCG of misleading Genesis creditors.
09:18:43 AM EDT, January 9, 2024
Cryptocurrency News Live: Thailand's $14 Billion Digital Bulletin Plan Gets Approval
Thailand's government has received approval to borrow money for a “digital wallet” program worth 500 million baht (about $14 billion), which includes distributing 10,000 baht (about $300 million) to Thai residents. However, the digital charity scheme has sparked controversy, with critics warning that it will lead to higher inflation.
09:08:06 AM EDT, January 9, 2024
Cryptocurrency News Live: ETF Approval Is Inevitable
Jay Clayton, former head of the Securities and Exchange Commission, told CNBC that approval of a Bitcoin exchange-traded fund is “inevitable,” adding that approval could be a big step not only for bitcoin but for the financial world.
09:01:15 AM EDT, January 9, 2024
Crypto News Live: VanEck DTCC List
VanEck, another company that offers Bitcoin ETFs, also added its own ETF with the ticker $HODL with DTCC to clear.
08:16:21 AM EDT, January 9, 2024
Crypto News Live: WisdomTree ticker listed on DTCC
WisdomTree's Spot Bitcoin ETF, with ticker $BTCW, has been listed on the Depository Trust & Clearing Corporation, following the listing of Invesco Galaxy's Bitcoin ETF (BTCO) with DTCC.
08:13:13 AM EDT, January 9, 2024
Cryptocurrency News Live: Is Bitcoin ETF Approval Imminent?
People connected to the filings believe the SEC issuing additional comments on its Form S-1 is little cause for concern, amid high hopes for approval before January 10, 2024.
