US: Crypto Edges Towards Mass Adoption With SEC Approval Of Options For BTC ETFs

2024 has been the year of improving trust and investor confidence in crypto with the SEC approval and launch of Exchange-Traded Funds (ETFs) for spot bitcoin (BTC) followed by ether (ETH).

The AUM for spot BTC ETFs has the crossed the $50 billion mark in less than a year as both retail and institutional investors adopted this instrument for exposure to crypto. According to data from CoinGlass, spot BTC ETFs have delivered mostly positive net inflows since their launch.

Divine, ceo of Nibiru, says, “The launch of spot bitcoin ETFs in January ended a decade-long wait. Billions in institutional inflows followed. This was only the beginning.”

Because bitcoin is a volatile asset, and regulatory concerns remain, several TradFi players, especially smaller ones, do not deal directly in spot ETFs. This is one of the remaining barriers to crypto and spot ETFs achieving critical mass.

The SEC’s approval of Options on spot BTC ETFs is a key positive development towards fostering greater adoption, though arguably not as accelerated as the SEC claimed in its filing on September 20.

25 October 2024

CAREY OLSEN: Carey Olsen Jersey advises RoundShield on its largest fund in history, RS Fund V

Press Release from Carey Olsen, Friday 25 October, 2024. Carey Olsen’s investment funds team in Jersey has advised RoundShield Partners LLP (“RoundShield”) on the successful closing

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14 February 2024

AFRICA: BoG embarks on anti-money laundering actions to prevent blacklisting from EU, UK

The Bank of Ghana has indicated it is embarking on various anti-money laundering activities to avert another round of blacklisting from the European Union and the United Kingdom. Ghana in 2022 was removed

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13 December 2024

US: IRS recovers nearly $5 billion in proceeds from tax fraud, criminal financing

Recently enacted Internal Revenue Service initiatives recovered $4.7 billion in funds from illegal schemes and criminal practices, officials said in a Thursday statement. Nearly $3 billion came from

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19 April 2024

UK: Regulators set sights on hedge funds after UK pension crisis

Britain’s markets watchdog is working with overseas regulators to look at other stresses in the global financial system, such as leveraged hedge funds, its chief executive said on Wednesday, following

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