A representation of cryptocurrency Ethereum is placed on a PC motherboard in this illustration taken on June 16, 2023. Dado Ruvic | Reuters The SEC has approved a rule change Thursday that would pave the way for ETFs that buy and hold ether, one of the world’s largest cryptocurrencies. The decision comes less than six … Read more
Omar Marques | Lightrocket | Getty Images Cryptocurrencies rose Tuesday amid a late surge in optimism around the U.S. Securities and Exchange Commission’s decisions on spot ether exchange-traded funds applications, the first of which is due this week. Ether led the rally, rising 9% to $3,680.98, according to Coin Metrics. On Monday, it rocketed 20%. … Read more
The U.S. Securities and Exchange Commission is expected to make a key decision on approving ether exchange-traded funds next week. But it will likely fail due to a lack of an over-arching regulatory framework for all cryptocurrencies, according to Ric Edelman, head of the Digital Assets Council of Financial Professionals. “I think that there’s going … Read more
Representations of cryptocurrency Bitcoin are placed on a PC motherboard in this illustration taken June 16, 2023. Dado Ruvic | Reuters Hong Kong on Tuesday launched six spot bitcoin and ether exchange traded funds — becoming the first in Asia to offer retail investors the ability to trade the cryptocurrencies at spot prices. The cryptocurrency … Read more
Nicolas Economou | Nurphoto | Getty Images Bitcoin rose slightly to start the week after the network on Friday completed its fourth ever halving, which reduces the incentives paid to bitcoin miners. The price of the cryptocurrency was last higher by 1.8% at $65,891.28, according to Coin Metrics. Ether rose 1.5% to $3,198.06. Shares of … Read more
Omar Marques | Lightrocket | Getty Images Bitcoin rose above $64,000 on Friday, rebounding from a drop below the $60,000 mark, as the cryptocurrency continues to experience volatility ahead of the upcoming halving event. The price of bitcoin was $64,739.04 at around 6:15 a.m. ET, according to CoinDesk data, up more than 5% from 24 … Read more
Jakub Porzycki | Nurphoto | Getty Images Hong Kong regulators on Monday approved the launch of spot bitcoin and ether exchange-traded funds (ETFs), asset managers said, following U.S. moves this year to bring these products to market. Bitcoin was trading around 3% higher at 7:11 a.m. ET after a rough sell-off over the weekend. Three … Read more
Jakub Porzycki | Nurphoto | Getty Images PARIS — Issuers of spot bitcoin exchange-traded funds cast doubt over the short-term likelihood of the U.S. Securities and Exchange Commission approving such a product for the cryptocurrency ether. The regulator has a late-May deadline to conclude its review on an ether ETF. That comes after the SEC in March … Read more
A bitcoin is on a screen showing the Bitcoin-U.S. dollar exchange rate. Fernando Gutierrez-Juarez | picture alliance | Getty Images Bitcoin fell for a second day to start the new month and quarter, amid rising Treasury yields and strength in the U.S. dollar. The flagship cryptocurrency fell more than 6% on Tuesday to $65,150.00, bringing its … Read more
Hedge fund manager Mark Yusko is predicting bitcoin will more than double this year to $150,000. “Get off zero,” the Morgan Creek Capital Management CEO and chief investment officer told CNBC’s “Fast Money” this week. Yusko thinks investors should have at least 1% to 3% allocated to bitcoin in their portfolios. “Bitcoin is the king. … Read more
