Law and Order

Bitcoin, Ethereum ETF Issuers Likely to Get SEC Approval for In-Kind Redemptions: Analyst

In brief The SEC appears increasingly likely to approve in-kind redemptions for Bitcoin and Ethereum ETFs, according to Bloomberg analyst James Seyffart.  Five issuers with Bitcoin and Ethereum ETFs on the CBOE filed amendments to their prospectuses, suggesting “positive movement” from regulators on approving in-kind redemptions for the funds.  The SEC has delayed deadlines for…

Business

Trump Media Buys $2 Billion in Bitcoin, BTC Securities for Treasury

In brief Trump Media announced on Monday that it had purchased $2 billion in Bitcoin. The publicly traded firm unveiled its Bitcoin acquisition strategy in May. Shares of Trump Media are up roughly 6% following the announcement. Trump Media & Technology Group has purchased $2 billion in Bitcoin and BTC-related securities for its corporate treasury,…

Uncategorized

Global crypto market hits $4 trillion, eclipses UK economy in size

The global crypto market capitalization has soared past $4 trillion for the first time, propelled by rising altcoin prices and an increasingly favorable regulatory landscape.On July 18, crypto data aggregator platform CoinGecko reported that the industry crossed the milestone during Asian trading hours. However, the total value had slightly dipped to $3.9 trillion as of…