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.
A provisional agreement on a new anti-money laundering law that will step up checks and balances across multiple sectors, including cryptocurrency, while also giving journalists access to a beneficial
Following years of global tax scandals, including ICIJ’s Paradise Papers and Pandora Papers investigations, a global accountants’ ethics board has released a new set of standards for tax professionals,
Central banks across many developing nations are increasingly moving their reserves into gold and local currencies, reducing their reliance on the U.S. dollar. This shift is driven by concerns over
Castries, Saint Lucia: In a historic move, the government of Saint Lucia has decided to sign the Memorandum of Agreement (MOA) which was already signed by other four CBI jurisdictions in OECS in March.