Bitcoin ETF
Black Rock's ETF proposal now includes cash redemptions, a concession to the SEC that may improve the fund's approval odds.
Galaxy Digital CEO Mike Novogratz said Fink is "the most important thing that happened this year in bitcoin."
A lot can be learned from the listing of the first Gold ETF, but looking to the past also comes with some caveats.
ProShares’ Bitcoin Strategy ETF (BITO) has hit an all-time high bitcoin equivalent exposure of 4,425 BTC.
Spot bitcoin ETF applications from BlackRock and Fidelity, among others, had helped drive bitcoin higher over the past two weeks.
Fidelity previously applied for a spot bitcoin ETF in 2021, but the effort was rejected by the SEC.
Allaire spoke with Bloomberg at the World Economic Forum in Tianjin, China.
Investors poured in $65 million to BITO in the past week, the data shows, breaking its previous 2023 high of just over $40 million in April.
Invesco first filed for a Bitcoin ETF in the fall of 2021, but has since re-applied in light of BlackRock’s application.
The asset management giant included a surveillance-sharing agreement in its proposal, which could eliminate the risk of market manipulation related to bitcoin.
- 22:16The probability of the Federal Reserve cutting interest rates by 25 basis points this week reaches 96.1%.According to ChainCatcher, citing a report from Golden Ten Data, the CME "FedWatch" tool shows that there is a 96.1% probability that the Federal Reserve will cut interest rates by 25 basis points this week, and a 3.9% probability of a 50 basis point cut. In addition, by October, there is a 20.1% probability of a cumulative 25 basis point rate cut, a 76.8% probability of a cumulative 50 basis point cut, and a 3.1% probability of a cumulative 75 basis point cut.
- 22:08VivoPower adopts a mining token swap strategy to acquire XRP at a low costJinse Finance reported that XRP reserve company VivoPower stated its mining division, Caret Digital, will expand its mining machine scale and exchange mined tokens for XRP through "bulk" discounts. The company said this strategy allows it to acquire XRP at approximately a 65% discount. Previously, VivoPower had already deployed XRP through private placements, Ripple equity acquisitions, and yield programs, and further integrated its electric vehicle business Tembo with XRP stablecoin RLUSD payments, while investing 30 million USD worth of XRP into institutional yield programs to achieve reinvestment of returns. The company's stock price fell slightly by 0.5% on Tuesday, with a market capitalization of about 50 million USD.
- 22:00US tech giants pledge to invest over $40 billions in the UKJinse Finance reported that several major U.S. technology companies have announced plans to invest over $40 billions to expand the UK's AI infrastructure, which is a significant boon for the UK as the country welcomes Trump's state visit. Microsoft (MSFT.O) stated on Tuesday that it will invest $30 billions in the UK's AI infrastructure and existing operations by 2028, marking the company's largest financial commitment in the UK. Google (GOOG.O) announced that it will invest approximately $6.8 billions in the UK over the next two years for AI, R&D, and related engineering. Meanwhile, Nvidia (NVDA.O), OpenAI, and UK-based Nscale are joining forces to build AI infrastructure in the UK to meet OpenAI's computing power needs. The project, known as "Stargate (UK)", is expected to be located in the northeast of the UK and will utilize tens of thousands of Nvidia's Grace Blackwell Ultra GPUs. Among other investments, AI cloud computing company CoreWeave plans to invest about $2.04 billions in the UK for AI data center capacity and operations. Salesforce announced that it will reinvest an additional $2 billions in its UK business by 2030, while BlackRock will invest £500 millions in data centers across the UK.