Cryptocurrency exchange Coinbase has revealed its plans to issue $1 billion in convertible notes, set to mature in 2030. The announcement comes amid a surge in the company’s stock, which saw an 18% jump. Over the past week bitcoin reached new all-time highs and US bitcoin ETFs continued to break records. Institutional Investment Focus The […]
In a strategic move to address the staggering $11 billion outflows from its Grayscale Bitcoin Trust (GBTC), Grayscale Investments filed for a new Bitcoin Mini Trust on Tuesday. Firstly, the US Securities and Exchange Commission gave approval of several spot Bitcoin ETFs on January 10. Later the move comes as Grayscale faces intensified competition in […]
Bloomberg ETF analyst Eric Balchunas has expressed growing concerns over the approval prospects of Ethereum exchange-traded funds (ETFs) as the U.S. Securities and Exchange Commission (SEC) maintains radio silence with issuers. With only 73 days left until the final deadline in May, the lack of communication from the SEC has led Balchunas to downgrade the […]
The Securities and Exchange Commission (SEC) has extended the timeline for evaluating rule change proposals from major exchanges regarding the listing and trading of options related to bitcoin Exchange-Traded Funds (ETFs). Cboe Faces Delay in Listing Bitcoin ETF Options Cboe, which initially applied to list and trade options on newly launched bitcoin ETFs in January, […]
MicroStrategy is boosting its convertible debt offering to $700 million, responding to Bitcoin’s recent all-time high. The company plans to utilize the net proceeds for acquiring more Bitcoin and general corporate purposes. Upsizing and Pricing Details Firstly, the convertible debt offering, announced on Monday, experienced a significant upsize on Wednesday, reaching $700 million. MicroStrategy issued […]
Michael Saylor, the CEO of MicroStrategy, predicts that Bitcoin Exchange-Traded Funds (ETFs) are poised to outpace traditional investment giants like the S&P 500. Saylor expressed astonishment at the success of new Bitcoin ETFs from financial giants BlackRock and Fidelity. This is highlighting their rapid ascent in popularity compared to his initial projections. Challenging the S&P […]
1. Bitcoin surges beyond $65,000, approaching its all-time high of $69,000. 2. Factors contributing to the rally include euphoric sentiment, increased institutional demand, and anticipation of the upcoming Bitcoin halving event. 3. Strong inflows into spot Bitcoin ETFs and favorable macroeconomic conditions contribute to Bitcoin’s bullish outlook, with a nearly 50% surge in value this […]
1. Robinhood integrates Arbitrum, an Ethereum layer 2 blockchain, into its crypto wallet. 2. The move aims to reduce transaction fees for Robinhood traders, enhancing cost-effectiveness in crypto transactions. 3. Robinhoods commitment to crypto expansion follows industry trends, with fintech firms and Wall Street giants. In a strategic move to enhance its crypto offerings, Robinhood […]
1. U.S. spot bitcoin ETFs, led by BlackRock’s IBIT, set record volumes, reaching $3.3 billion in a day. 2. Ten spot BTC ETFs hit $7.7 billion in combined trading, with Grayscale’s GBTC and Fidelity’s FBTC each surpassing $1 billion. 3. ETF frenzy coincided with bitcoin’s surge to $64,000, then a swift fall to $60,000, fueled […]
1. JP Morgan CEO Jamie Dimon expresses caution about market conditions and fiscal policies. 2. SkyBridge Capital’s Anthony Scaramucci challenges Dimon’s Bitcoin criticism, urging more research. 3. Scaramucci highlights Bitcoin’s historical trends and potential to surpass gold, emphasizing its current surge due to limited supply and high demand from spot ETFs. JP Morgan CEO Jamie […]