Many of Goldman Sachs’ largest clients are ramping up their activity in the crypto space following spot bitcoin exchange-traded fund (ETF) approvals and BTC price recovery. “The recent ETF approval has triggered a resurgence of interest and activities from our clients,” said Goldman Sachs’ Asia Pacific head of digital assets. Goldman Sachs’ Clients Getting Active […] Source: https://news.bitcoin.com/goldman-sachs-says-many-of-our-largest-clients-getting-active-in-crypto/
Bitcoin (BTC) and the wider cryptocurrency market are witnessing a downturn in early trading on Wednesday following a legal victory for the Securities and Exchange Commission (SEC) over Coinbase and its staking program. Coinbase attempted to have charges regarding its staking service dismissed, yet the presiding Judge declined their motion. The Judge asserted that the SEC adequately argued that Coinbase…
Coinbase’s Chief Legal Officer, Paul Grewal, affirmed the exchange’s readiness for the ongoing legal battle with the US Securities and Exchange Commission (SEC) after a court ruling allowed the case to move forward. In a post on the social media platform X, Grewal stated that Coinbase had anticipated the court’s decision, following Judge Katherine Polk Failla’s ruling that the SEC…
The overwhelming demand for Bitcoin spot ETFs over the past two months is likely to continue for many years, predicts Bitwise CIO Matt Hougan. The executive highlighted “key takeaways” from his interactions with investors and capital allocators this month who are interested in buying into the ETFs—one managed by Bitwise itself. One takeaway, he recalled in a Twitter post, is that…
Coinbase has announced its intention to enhance the storage of corporate and customer USDC balances on Base, an Ethereum Layer 2 solution incubated by Coinbase and built on the open-source OP Stack. This strategic move aims to capitalize on lower fees and faster settlement times offered by Base, without compromising the user experience on the Coinbase platform. Max Branzburg, Vice…
BlackRock’s inaugural tokenized investment fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), has seen a surge of approximately $160 million in inflows within its first week of operation. The fund’s growth trajectory continues with recent injections from Ondo Finance, a tokenized real-world asset (RWA) platform. The world’s largest asset manager, BlackRock, introduced BUIDL last week, marking a significant entry…
Deribit, a leading cryptocurrency derivatives exchange, is poised to witness historically high levels of bitcoin options open interest expiring this Friday. The surge in open interest, totaling over $9.5 billion, reflects increased liquidity and participation in the market. According to analysts at Deribit, this end-of-month expiry represents one of the largest in the exchange’s history, accounting for approximately 40% of…
GSR, a crypto market maker, has revised its estimate of the likelihood of a spot Ether ETF approval in May to 20%. This represents a significant decrease from its earlier estimate in January, where it had placed the chances at 75%. According to Brian Rudick, an analyst at GSR, the change in estimation is influenced by several factors. Rudick highlighted…
Crypto asset management Hashdex announced on Tuesday that it launched its Bitcoin ETF on the New York Stock Exchange, making it the eleventh Bitcoin ETF to go live since the SEC approved the bulk of fund applications in January. Hashdex’s entry originally launched in September 2022 as a Bitcoin Futures ETF trading on the New York Stock Exchange as DEFI.…
Hashdex Bitcoin ETF, one of the 11 spot bitcoin exchange-traded funds (ETFs) approved by the U.S. Securities and Exchange Commission (SEC) in early January, has launched. The fund converted from Hashdex Bitcoin Futures ETF and is trading on the NYSE Arca exchange. US Now Has 11 Spot Bitcoin ETFs Hashdex Asset Management has completed converting […] Source: https://news.bitcoin.com/hashdex-bitcoin-etf-begins-trading-us-now-home-to-11-spot-btc-etfs/
