Spenser Reed

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The launch of spot Bitcoin BTC tickers down $42,478 exchange-traded funds (ETFs) won’t likely have much impact on Bitcoin, but could eventually bring in trillions of dollars to the cryptocurrency sector, according to VanEck adviser Gabor Gurbacs.

Bitcoin ETF launch may be a ‘let down’ but could attract...

Spenser Reed - January 1, 2024 0

Investors may be disappointed by the initial performance of spot Bitcoin ETFs, but don’t underestimate its impact over the long term, says VanEck adviser...

Avalanche Foundation — the nonprofit organization overseeing the development of the Avalanche Network — says it plans to buy memecoins with its $100 million nonfungible token (NFT) incubator fund.

Avalanche Foundation is about to start buying memecoins for the ‘culture’

Spenser Reed - December 29, 2023 0

Avalanche says it will utilize its $100 million NFT incubator initiative to start investing in select memecoins, which it says encourages the “culture and...

ARK Invest has become the first to file its final Form S-1 amendment for its proposed spot Bitcoin BTC tickers down $42,696 exchange-traded fund (ETF) ahead of a reported United States Securities and Exchange Commission (SEC)-imposed deadline understood as a requirement to be considered in the first wave of decisions in January 2024.

ARK Invest kicks off Bitcoin ETF ‘amendment-athon’ ahead of deadline

Spenser Reed - December 29, 2023 0

ARK Invest and 21Shares were the first to submit their spot Bitcoin ETF filing update ahead of the Dec. 29 deadline set by the...

While some digital assets have stood the test of time, others have tumbled below the thousands of new digital currencies that exist today.

Crypto landscape: ten years of growth, change, advances and retreats

Spenser Reed - December 28, 2023 0

Many top coin projects a decade ago have fallen off, while Bitcoin remains resilient and has made the most gains in ten years. While some...

Cathie Wood-led institutional asset management firm ARK Invest liquidated its entire remaining Grayscale Bitcoin Trust (GBTC) holdings worth $200 million on Dec. 28, revealed Bloomberg ETF analyst Eric Balchunas.

ARK sells remainder of GBTC holdings, invests $100M in Bitcoin ETF

Spenser Reed - December 28, 2023 0

GBTC share holdings occupied the top spot in ARK Invest’s portfolio a few months ago, but the investment firm started off-loading its GBTC shares...

In a circular sent to banks on Dec. 22, the Central Bank of Nigeria (CBN) stated that it has now lifted restrictions on Nigerian banks facilitating cryptocurrency transactions.

Nigerian crypto exchanges and P2P merchants brace for battle post ban...

Spenser Reed - December 25, 2023 0

Nathaniel Luz, Flincap’s co-founder and CMO, highlighted that following the ban’s removal, institutional exchanges should prepare for the Nigerian market. In a circular sent to...

Spot Bitcoin (BTC) exchange-traded funds (ETFs) could “completely destroy” Bitcoin if they are too successful, warns the former CEO of BitMEX.

Spot Bitcoin ETFs could ‘completely destroy’ Bitcoin: Arthur Hayes

Spenser Reed - December 25, 2023 0

Wall Street giants will only serve to “vacuum up” Bitcoin and store them in a “metaphorical vault," if too successful, the number of Bitcoin...

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