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.
Hong Kong is winning back wealthy Chinese by rolling out the red carpet for the rich while rival Singapore scrutinises foreign money. The Chinese territory is expected to welcome about 200 high-net
The European Commission outlined plans on Wednesday to limit how much multinational companies can reduce taxes on their European earnings through the use of creative accounting. The Commission, set
The Chancellor announced billions of pounds in extra taxes and borrowing to fund a huge investment programme in transport and other infrastructure projects and to improve some public services such
Yesterday the US Securities and Exchange Commission (SEC) published guidance on the application of disclosure requirements to crypto-asset securities issuances. It acknowledged that this is an interim