Category: Bitcoin

Spot and Futures-Backed Bitcoin ETF: What’s the Difference?

Spot and Futures-Backed Bitcoin ETF: What’s the Difference?

On October 19th, 2021, the United States Securities and Exchange Commission (SEC) approved the first futures-backed Bitcoin exchange-traded fund (ETF). An SEC-approved ETF is something that the cryptocurrency community has been looking forward to for a long time, but usually, the accent was on spot products rather than ones based on futures. Nevertheless, this is […]

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$2.2T Asset Manager Pimco Is Starting to Trade in Cryptocurrencies, Said CIO

$2.2T Asset Manager Pimco Is Starting to Trade in Cryptocurrencies, Said CIO

Pimco – a global investment management firm – recently confirmed that it is slowly increasing its cryptocurrency exposure. Chief Investment Officer Daniel Ivascyn said some of the company’s hedge funds are already trading crypto-linked securities. He even predicted that digital assets could eventually disrupt the entire financial system. Pimco Experiments With Crypto The CIO revealed […]

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Another One: Valkyrie Bitcoin Strategy ETF to Commence Trading on Friday

The Valkyrie Bitcoin Strategy ETF is slated to commence trading on the Nasdaq stock market on Friday, Oct 22, just four days after the first-ever BTC futures fund was launched. Bloomberg senior ETF analyst Eric Balchunas has confirmed that the Valkyrie fund will be launching on Friday after initially stating it would be trading today. […]

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Real Estate Platform Pacaso Accepts Crypto Assets for Payments, CEO Says ‘Mass Crypto Adoption Well Underway’

Real Estate Platform Pacaso Accepts Crypto Assets for Payments, CEO Says ‘Mass Crypto Adoption Well Underway’

On October 20, the day bitcoin smashed a new all-time price high, the real estate platform Pacaso announced it will be accepting cryptocurrencies via Bitpay. The CEO of the real estate firm that helps people buy and co-own a second home, Austin Allison, says the firm has seen increased crypto adoption “across the real estate […]

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Stronghold Digital Mining stock spikes 52% on its first day of trading

Stronghold Digital Mining stock spikes 52% on its first day of trading

The stock for Stronghold Digital Mining, a Pennsylvania-based bitcoin mining firm, rose more than 52% on its first day of trading on NASDAQ.  The pricing range was originally set between $16 and $18 per share, The Block previously reported, with the final price set at $19. As of publication, the stock is now worth nearly […]

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A look at the performance of institutional bitcoin derivatives

A look at the performance of institutional bitcoin derivatives

Quick Take Futures contracts remain institutions favoured pathway to bitcoin exposure and serve as a valuable proxy to gauge institutional interest in crypto  The Chicago Mercantile Exchange (CME) continues growing as traditional firm’s preferred exchange with upcoming tailwinds from the pending approval of Bitcoin ETFs  In the trailing 6 months, Intercontinental Exchange’s (ICE) Bakkt bitcoin […]

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Bitcoin is Winning the Race Against Gold: Paul Tudor Jones

Bitcoin is Winning the Race Against Gold: Paul Tudor Jones

Paul Tudor Jones – billionaire CEO of Tudor Investment Corporation – has reaffirmed his support for Bitcoin. He said that he has cryptocurrency included in his portfolio, and deemed it superior to gold as an inflation hedge. Jones Remains a Bitcoin Believer The hedge fund manager revealed his thoughts on CNBC’s Squawk Box earlier today. […]

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VanEck looks to be second issuer to list a bitcoin futures-based ETF

VanEck looks to be second issuer to list a bitcoin futures-based ETF

VanEck will likely follow ProShares as the second issuer to list a bitcoin futures-based exchange-traded fund (ETF), according to a new filing with the Securities and Exchange Commission (SEC). The issuer filed a post-effective amendment today proposing to list its Bitcoin Strategy ETF on Cboe BZX Exchange with an effective registration date of October 23. […]

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Analyst That Said $200-300K Bitcoin ‘Looks Programmed’ Still Says BTC Price ‘Nowhere Near a Top’

Analyst That Said $200-300K Bitcoin ‘Looks Programmed’ Still Says BTC Price ‘Nowhere Near a Top’

On Wednesday, just before bitcoin surpassed the digital asset’s all-time high (ATH), the crypto analyst known as “Techdev” says the “2-week chart looks strong and ready for much higher highs.” Just 26 days ago, Techdev said that “$200-300K bitcoin looks almost too programmed” and this week, the analyst noted that we are “nowhere near a […]

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