The pair invested early in bitcoin, becoming some of the world’s first bitcoin billionaires and launching Gemini in 2014.
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Both of the two biggest cryptos surged on Friday after Federal Reserve Chair Jerome Powell hinted at a September rate cut.
Crypto assets are increasingly available as spot ETFs like IBIT, and investors may have a fear of missing out, despite the volatility.
The agency declared it is hands-off for liquid staking in some cases, which could eventually help crypto ETFs benefit from proof-of-stake.
The agency approved in-kind redemptions for spot Bitcoin and Ethereum ETFs last week, but the move may just the beginning for Atkins’ SEC.
Bitcoin, Ether and other crypto ETFs are no longer limited to cash transactions — they can use in-kind creation and redemption.
The timing of Strategy’s latest Bitcoin gains was hardly a surprise: last week also marked “Crypto Week” on Capitol Hill.
In the past 30 days, Ethereum treasury companies scooped up more than 545,000 ether worth at least $1.6 billion, CoinTelegraph reported.
The new rules could let homebuyers keep their crypto and use it to qualify for loans though mainstream banks.
The price of Bitcoin hit a record high of $123,000 this week as Congress prepares to vote on landmark crypto legislation.
The ETF, named after Truth Social, will be managed by Trump’s new fintech, Truth.fi.
This is Circle’s second attempt at going public, after its reverse SPAC in 2022 sputtered under regulatory scrutiny.
Spot Bitcoin ETFs garnered inflows of nearly $9.6B over roughly the past five weeks, according to Morningstar Direct data.
The company, which briefly owned the biggest spot bitcoin ETF, wants to invest in another potentially disruptive technology that could even pose a threat to crypto.
Crypto is still new territory for plenty of advisors, but ETFs are making it easier for investors to gain exposure.
Square parent Block said it’ll start supporting bitcoin later this year, reaching all 4 million of its sellers by next year.