Author: NBTC

US Securities and Exchange Commission (SEC) Chairman Gary Gensler has not yet given a clear indication as to whether the agency will approve spot Ethereum ETFs. During a recent interview with Yahoo Finance, Gensler was asked about the approximately ten firms that have filed for the spot Ethereum ETF product. He was also asked whether he considered the summer court decision regarding Grayscale to be “precedent-setting.” “I don’t want to prejudge any application, and as you said, we have 10 applications in front of us,” Gensler said and added: “So as always, I’m not going to prejudge this. But to…

The surge in demand for Bitcoin exchange-traded funds signals a bullish horizon for the price of BTC. Leading this charge is BlackRock’s plan to incorporate spot Bitcoin ETFs into its investment strategy for its Global Allocation Fund. As disclosed in its recent filing with the US Securities and Exchange Commission (SEC), this move by the world’s largest asset manager accentuates the increasing allure of cryptocurrencies in traditional finance. Bitcoin in High Demand BlackRock’s decision to delve into Bitcoin ETFs comes amid a broader market enthusiasm for such financial products. The iShares Bitcoin Trust (IBIT), a product sponsored by BlackRock, has…

Insights into the global Exchange Traded Products (ETPs) market reveal a remarkable leap in Assets Under Management (AUM), reaching a record $80.5 billion in February. This represents a 55% increase from the previous $52 billion, Fineqia International research has shown. This growth in ETPs, which include both Exchange Traded Funds (ETFs) and Exchange Traded Notes (ETNs) with digital assets as underlying collateral, has outpaced the 37% increase in the underlying crypto assets value, reaching approximately $2.37 trillion from $1.73 trillion. BTC spot ETFs drive ETP market surge The substantial premium in ETP growth is largely attributed to the U.S. approval…

Do you hold one of the nearly 400,000 wallets eligible for Wormhole’s upcoming W token airdrop? If not, you might consider joining the thousands of Solana degens that took an “L”—or rather, who are trading the L token. Launched less than 24 hours ago by unknown parties, the Lormhole (L) token on Solana is a tried-and-true meme coin, turning a crypto trend into a token that’s being traded amid the fallout from users who missed out on Wormhole’s anticipated drop. And it’s posting massive gains. “If you missed $W… get ready to hold this $L,” reads the pinned tweet from…

Binance, one of the world’s leading cryptocurrency exchanges, announced that it has significantly expanded its trading options by adding Japanese yen (JPY) trading pairs for various cryptocurrencies. Binance Expands Offerings with JPY Trading Pairs and Zero-Fee Trading Promotion This move aims to meet the growing demand for diversified trading options and improve the user experience on the platform. Binance users will have access to three new trading pairs starting at 11:00 AM on March 12, 2024: BNB/JPY, BTC/JPY, and ETH/JPY. This expansion not only expands trading options on Binance, but also opens up opportunities for investors looking to trade cryptocurrencies…

QuickSwap has recently made a significant move by launching on the Immutable zkEVM mainnet. This is a big step forward in gaming and DeFi. The blockchain ecosystem may also be affected. Due to its high scalability and Ethereum security, Polygon’s Layer 2 EVM ZK-rollup Web3 gaming chain could change the game for gamers, developers, and DeFi fans. QuickSwap Offers Farming Rewards in Immutable zkEVM Debut for Early Users DragonFi 2.0 advances by adding QuickSwap to the Immutable zkEVM ecosystem. QuickSwap is serious about fostering innovation and growth in the fast-growing blockchain gaming market. QuickSwap wants to connect to the Immutable…

Pro XRP lawyer John Deaton has received immense support from crypto market participants for his US senate race. However, the market is now placing bets on Deaton garnering support from crypto-backed PACs, especially Fairshake. Fox journalist Eleanor Terrett in a post on X raised speculations on the same. XRP Supported Deaton Could see Further Support Eleanor Terrett in her post said that it would be interesting to see super PAC Fairshake would show up in Massachusetts, where Deaton has challenged Senator Warren for her seat. Further clarifying her statement, Terrett says that Fairshake is planning to focus on other states…

Three BlackRock funds now have the ability to allocate to bitcoin ETFs. The fund giant — with roughly $10 trillion in assets under management — said in a Thursday filing that it may buy shares of bitcoin exchange-traded products (ETPs) traded on “national securities exchanges” for the BlackRock Global Allocation Fund. The disclosure came a few days after the company added similar language to the prospectus of its Strategic Income Opportunities Portfolio and the BlackRock Strategic Global Bond Fund. Such an allocation to bitcoin ETFs could include buying the firm’s own fund, the filings indicate. BlackRock launched the iShares Bitcoin…

In just three years, Australian self-managed super funds saw the value of their respective crypto asset holdings rise from just over $159 million to over $650 million. According to an executive with a local crypto exchange, many Australians are seeking to “allocate at least a percentage of their retirement funds to cryptocurrencies.” Crypto Assets Held in Self-Managed Super Funds Still Very Low The value of crypto assets held in Australian self-managed super funds (SMSFs) has surpassed $650 million (AUD$1 billion), according to a report that cites new data from the Australian Taxation Office. The latest figures suggest that the value…

Shiba Inu’s lead developer, Shytoshi Kusama, has countered a statement misattributed to him about Shiba Inu’s market valuation reaching $100 billion. On Wednesday, Shytoshi Kusama reacted to a daring projection that SHIB would claim a market cap of $100 billion in this emerging bull cycle. The bold forecast came from Jake Gagain, a crypto investor with a notable following on X. Gagain voiced his opinion about Shiba Inu’s outlook, saying, “SHIB Will Reach 100 Billion This Cycle.” The post caught Kusama’s attention. He reacted with a GIF featuring the inscription, “Your words, not mine.” https://t.co/aUePEauoUo pic.twitter.com/vp0gk4FDtv — Shytoshi Kusama™ (@ShytoshiKusama)…