According to an announcement issued on Wednesday, DCG is now authorized to buy up to $1 billion worth of Grayscale Bitcoin Trust (GBTC).This development extends DCG’s prior authorization by $250 million if they choose to do so. Indeed, DCG has so far purchased $338 million in GBTC, according to the company’s announcement on Wednesday.As previously reported by Cointelegraph, DCG had…
Stronghold has upsized its IPO to $19 per share, with plans to raise $127 million. The company had previously announced an IPO price of between $16 and $18 per share, which would allow it to raise around $100 million. Stronghold’s common stock shares are expected to begin trading today under the ticker symbol $SDIG. Bitcoin miner Stronghold Digital has upsized…
A new Bitcoin futures exchange-traded fund (ETF) is set to start trading on Wall Street next week, according to a Wednesday SEC filing. New York-based asset management firm VanEcks Bitcoin Strategy ETF will go live on the New York Stock Exchange after October 23, the filing said. Trading of VanEcks ETF will begin as soon as practicable after the effective…
Ethereum’s native token Ether (ETH) is likely to hit its own record high in the short term as ETH has broken above $4,000, a crucial resistance level.Ethereum breaks $4,000, nearing new all-time highETH price rallied on Oct. 20 by over 5% to approach $4,100 on the Coinbase exchange for the first time since May 2021. The cryptocurrency’s run-up above $4,000…
Billionaire hedge fund manager Paul Tudor Jones thinks Bitcoin is winning the race against gold, according to an interview on Wednesday with CNBC. Host Andrew Ross Sorkin reminded the billionaire American investorwhose company controls close to $40 billion in assets under managementthat when he last appeared on the show, back in June, Tudor Jones had called Bitcoin a hedge against…
The total market capitalization of all cryptocurrencies rose to new all-time highs on Wednesday, capping off a dramatic months-long recovery that reaffirmed the bullish narrative for Bitcoin (BTC) and Ether (ETH).The crypto market cap — an important barometer for the overall health of the digital asset economy — reached a high above $2.63 trillion on Wednesday, according to Cointelegraph Markets…
VanEck is the latest asset manager to receive approval by the SEC for its bitcoin-linked offering. The VanEck Bitcoin Strategy ETF (XBTF) is set to go live on Monday, October 25. At the moment, that will be the second listing of a bitcoin futures ETF in the U.S., after ProShares debuted yesterday with the second-biggest ETF launch in the country’s…
The United States Securities and Exchange Commission has likely approved asset manager VanEck’s Bitcoin Strategy exchange-traded fund, with trading expected to begin on Oct. 25.In an Oct. 20 filing with the Securities and Exchange Commission, or SEC, Vaneck said the public offering of its Bitcoin (BTC) Strategy ETF, which offers exposure to the crypto asset through future contracts, would begin…
The price of Bitcoin is absolutely ripping on this fine Wednesday morning, and Twitter and Square CEO Jack Dorsey has definitely taken notice. After seeing the price of Bitcoin hit new all-time highs against other fiat currencies such as the yen, euro, and the won yesterday, it failed to see a new high against the dollar. But today, BTC is…
Billionaire Hedge-fund Manager Paul Tudor Jones said Wednesday on CNBC’s Squawk Box that he now prefers Bitcoin over gold as a hedge against inflation. The founder and chief investment officer of Tudor Investment Corporation, boasting nearly $40 billion in assets under management, Jones expanded on his thoughts about Bitcoin: “Listen, I said then, I said now, I’ve got crypto in…
