SEC approves options for BlackRock's spot Bitcoin ETF
The SEC notice seemed to be an industry first after the commission approved the listing and trading of spot Bitcoin exchange-traded funds on US exchanges in January.
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The SEC notice seemed to be an industry first after the commission approved the listing and trading of spot Bitcoin exchange-traded funds on US exchanges in January.
Nasdaq has formally petitioned US regulators to allow options trading on Ethereum ETFs, which shows the further development…
The applications cover ETFs from issuers including Grayscale, iShares, and Fidelity.
Two prominent financial institutions in the USNasdaq and CME Grouphave launched new Bitcoin-related products as institutional adoption of the top crypto continues. According to an Aug. 27 announcement, Nasdaq has partnered with CF Benchmarks to file with the US Securities and Exchange Commission (SEC) to list and trade Nasdaq Bitcoin Index Options (XBTX). XBTX The […]
The post Nasdaq and CME Group bolster Bitcoin market with new trading options appeared first on CryptoSlate.
Nasdaq partners with CF Benchmarks to introduce Bitcoin Index Options, enhancing risk management tools and liquidity in the crypto market, pending SEC approval.
Options would allow institutional investors to hedge risks and traders to amplify their buying power.
Robinhood Markets, Inc. (NASDAQ: HOOD) reports July 2024 operating data, highlighting growth in funded customers, assets under custody, and trading volumes. (Read More)
In an unprecedented shift in market dynamics, the tech-heavy NASDAQ Composite and the small-cap Russell 2000 have experienced the largest performance gap on record, a divergence spanning three decades. This disparity is largely influenced by the political landscape and the recent economic trends. Political Winds Favor Small Businesses The election of Donald Trump and the [...]
The post Biggest Performance Difference Ever: NASDAQ and Russell 2000 Divergence appeared first on Crypto Breaking News.
Strong macroeconomic data, fear of an artificial intelligence bubble and an ongoing court case could be factors in Bitcoins multiday correction.
The Nasdaq-listed Bitcoin mining company Marathon Digital has purchased $100 million worth of Bitcoin and announced that it will adopt a new strategy of holding the digital asset. This step brings the company's total holdings to 20,000 BTC.
HODL Approach
In its statement today, the firm mentioned that it willadopt a full HOLD approach, a term referring to buying and holding crypto, effective immediately regarding its Bitcoin treasury policy. The new move allows the firm to retain all the mined bitcoins in its operations and make periodic open-market purchases.
Commenting about the latest move, Fred Thiel, Marathon Digitals Chairmanand CEO, said: Adopting a full HODL strategy reflects our confidence in thelong-term value of Bitcoin. We believe Bitcoin is the worlds best treasuryreserve asset and support the idea of sovereign wealth funds holding it. Weencourage governments and corporations to all hold Bitcoin as a reserve asset.
We believe Bitcoin is the worlds best treasury reserve asset and support the idea ofsovereign wealth funds holding it. We encourage governments and corporations toall hold Bitcoin as a reserve asset.
Today, we are announcing that MARA has purchased $100,000,000 worth of BTC. And effective immediately, we are once again adopting a full HODL strategy. Learn more about our #Bitcoin Strategic Reserve: pic.twitter.com/pYxiclOtQa
MARA (@MarathonDH) July 25, 2024Until last year, Marathon Digital held all of its Bitcoin. However, according to Salman Khan, Marathon Digitals Chief Financial Officer, the company isreinstating this strategy due to the current positive trends in Bitcoin,including increased institutional support and an improving macro environment. This latest move occurred a few days after Marathon Digital was fined $138 million for violating a contract lawsuit.
Bitcoin Mining Rebounds
Besides that, the purchase comes amid heightened activities in the Bitcoin mining space, which are largely attributed to the recent positive trend in Bitcoin, especially among institutional players. More miners have posted positive financial results. Marathon Digital released its financial results for the fourth quarter and fiscal year 2023 early this year, underscoring strongperformance in revenue, net income, and BTC production.
The miner's revenue increased 452% in Q4 compared to the same period last year. During the period, the firm also sold 56% of the Bitcoins it mined to fund operating costs and strengthen its balancesheet.
This article was written by Jared Kirui at www.financemagnates.com.
The approved spot Ether ETF applicants included BlackRock, Fidelity and Grayscale, and are expected to bring billions of dollars into the ecosystem.
Northern Data is considering listing its cloud computing and data center business under two separate entities on the Nasdaq in the first half of 2025.
Amazon plans to counter growing competition from Temu and Shein by launching a new section on its app that offers discounted items shipped directly from China. This initiative, detailed in a presentation to top Chinese sellers, aims to deliver low-cost goods to American customers within nine to eleven days. By incorporating this section on its [...]
The post Amazon launches discounted Direct-from-China section to compete with Temu and Shein appeared first on Crypto Breaking News.
The S&P 500 is soaring to new heights, largely propelled by one company: Nvidia. In contrast, smaller and less prominent companies are struggling, with their values significantly below previous highs. The Russell 2000 index, representing smaller companies, has dropped 17% from its peak in November 2021 and has shown no progress this year. Within the [...]
The post Diverging Fortunes: Nvidia Propels S&P 500 While Smaller Companies Struggle appeared first on Crypto Breaking News.
If approved, the crypto ETF would be the first of its kind, but probably not the last.
NVIDIA's 2024 Annual Stockholder Meeting will be held online on June 26, 2024. (Read More)
Galaxy Digital Gets Green Light for US Headquarters and NASDAQ Listing Galaxy Digital Holdings, a leading cryptocurrency investment firm, has successfully received approval for establishing its headquarters in the United States. This milestone paves the way for Galaxy Digital’s forthcoming listing on the NASDAQ exchange. The move to establish a US domicile and list on [...]
Japanese exchange Coincheck is set to join Coinbase as one of the two publicly listed exchanges in the United States, according to a May 8 statement. The crypto trading platform expects to complete its listing on the Nasdaq via a partnership with special purpose acquisition company (SPAC) Thunder Bridge Capital Partners IV (THCP) by the […]
The post Japanese exchange Coincheck set for Nasdaq listing through SPAC merger appeared first on CryptoSlate.
eToro Group Ltd (eToro), a leading global social investment network, has announced the launch of its initial public offering (IPO) roadshow.
The Tiger Trade app allows professional traders access to 18 different cryptocurrencies alongside stocks, futures, U.S. Treasury bonds and Bitcoin ETFs.
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