The Securities and Exchange Commission (SEC) approved nearly a dozen exchange-traded funds (ETFs) holding bitcoin on Wednesday, the first time the agency has permitted the trading of funds directly invested in a cryptocurrency. The SEC approved 11 spot bitcoin ETFs from several major companies, including BlackRock, Fidelity and Grayscale Investments, as it faced down a … Read more
Synopsis FPIs’ contribution to the institutional flow at 73% in December increased sharply from 10% a month ago and 34% a year ago reflecting a change in stance. After selling heavily during the first half of 2023, FPIs deployed Rs 66,134 crore in December alone. It was their highest monthly inflow, surpassing the previous high … Read more
If 2023 was good for equity investors, it was great for crypto investors. The prices of some crypto coins soared by up to 16,000%, giving amazing returns to investors. Even bluechip crypto like Bitcoin and Ethereum surged 160% and 90%, respectively. Bitcoin prices zoomed to touch $44,000 in early December, after Blackrock, the world’s preeminent … Read more
