$106,772.00
-0.35%$2,428.64
-0.47%$2.09
-3.01%$645.32
0.28%$141.95
-0.66%$0.999881
0.00%$0.271743
0.15%$0.159408
-0.31%$2,425.88
-0.58%$0.550654
-0.85%$106,648.00
-0.30%$36.66
-2.35%$2,930.44
-0.23%$490.79
-0.79%$2.65
0.74%$12.95
-0.87%$9.03
0.51%$17.41
0.99%$0.233733
-1.00%$0.999866
0.01%$2.84
1.10%$46.70
-1.76%$0.00001115
-1.35%$2,425.75
-0.62%$83.95
-0.55%$2,596.51
-0.41%$1.001
0.13%$0.144366
0.06%$310.26
-1.42%$4.62
4.38%$0.999329
-0.09%$3.31
0.55%$106,718.00
-0.33%$0.557608
0.36%$6.82
-0.24%$259.69
2.08%$0.00000916
-1.09%$4.97
6.20%$1.18
-0.03%$49.82
-0.52%$1.00
0.00%$318.46
0.07%$171.84
-0.72%$2.06
-0.20%$4.70
-0.45%$0.080339
-0.56%$16.00
-1.07%$1.057
0.02%$0.736035
-0.43%$27.71
0.10%$1.00
0.04%$0.594537
-1.88%$0.074372
-1.20%$15.86
-1.83%$4.41
-0.27%$8.91
1.27%$3.90
-1.04%$0.02022273
-2.06%$0.664358
2.63%$105,976.00
-0.90%$0.077347
-0.71%$0.292382
11.54%$3.06
1.04%$0.173478
0.31%$0.248893
-1.05%$0.299885
1.03%$4.36
-0.30%$0.99736
-0.44%$0.171038
-0.93%$2,429.84
-0.38%$2.16
-2.74%$0.999762
0.00%$99.40
1.41%$0.860757
0.13%$11.05
-0.07%$150.38
-0.67%$0.999854
0.07%$1.19
-0.08%$0.399865
0.47%$0.0173125
1.62%$2,765.43
-0.51%$2,540.75
-0.64%$1.17
-5.32%$1.00
-0.00%$10.60
-2.12%$0.00001318
-0.19%$0.173644
-2.76%$1.00
0.12%$0.653161
0.74%$0.998203
2.93%$1.43
-3.83%$0.999472
0.00%$0.30662
0.86%$0.059663
2.06%$1.45
3.22%$0.527725
0.46%$2,601.29
-0.36%$106,583.00
-0.45%$1.11
-0.01%$2,546.70
-0.64%$3,278.71
-1.69%$645.64
0.38%$106,576.00
-0.50%$108,328.00
1.74%$2.92
-2.08%$2,551.17
-0.60%$3,265.90
-1.66%$0.079561
-0.15%$0.489392
-0.93%$0.409577
1.42%$0.76432
0.91%$158.81
-0.58%$111.57
0.01%$184.66
-0.79%$2,623.37
-0.48%$2.14
-0.29%$0.501402
0.98%$0.00006981
1.22%$0.998319
0.00%$1.94
-0.47%$0.609755
2.03%$0.650609
-1.43%$0.766176
-3.70%$1.091
0.11%$38.83
-1.78%$106,376.00
-0.47%$0.01279886
-1.20%$0.690315
0.13%$18.30
-0.61%$30.49
-1.18%$0.00959326
4.28%$0.01334546
-0.62%$0.997868
0.01%$0.152727
-0.43%$0.236529
-1.96%$0.00000059
0.42%$0.220001
0.07%$36.75
-2.17%$106,487.00
-0.35%$3.41
2.82%$0.00856211
-14.92%$0.528147
1.65%$2,427.83
-0.51%$0.092607
2.41%$2,425.91
-0.60%$1.95
-0.06%$0.516917
-0.47%$0.01520304
-1.35%$2,599.82
-0.37%$0.317739
-1.05%$2,522.59
-1.46%$8.82
0.21%$106,781.00
-0.23%$0.369071
-5.17%$0.997451
-0.22%$0.999219
-0.03%$2,425.73
-0.65%$0.185906
4.11%$0.597901
1.31%$0.245475
-1.80%$1.33
1.14%$0.00459097
16.02%$1.00
-0.03%$0.9998
-0.00%$1.00
-0.00%$0.401513
0.08%$0.060666
-0.04%$0.00000043
0.46%$36.71
-2.46%$45.57
1.03%$1.35
-2.99%$1.091
0.00%$0.159379
-0.06%$2.20
-0.07%$0.991256
-0.95%$0.393086
-0.31%$0.03952629
3.14%$2,427.57
-0.20%$2,579.66
-0.63%$5.29
-1.50%$0.999799
-0.00%$0.0000186
-0.48%$0.30985
-0.60%$12.90
-1.33%$0.00630476
-0.85%$0.107019
0.02%$0.171758
5.91%$0.356184
-0.29%$0.06951
-0.93%$0.474268
0.26%$2.14
-1.37%$0.488164
-1.15%$0.00376035
-3.59%$0.912448
0.28%$2,678.93
-0.38%$1.40
2.36%$0.00000086
-7.31%$0.03430639
-0.25%$1.067
-1.92%$0.999969
0.01%$1.15
-7.64%$0.03327556
-0.12%$106,525.00
-0.41%$19.94
-0.36%$105,524.00
0.39%$0.999774
-0.03%$2,653.50
-0.59%$0.128501
1.51%$0.01642557
0.10%$0.318691
-0.55%$0.04440816
3.29%$0.999041
0.01%$2,427.58
-0.55%$1.001
0.32%$0.00361909
0.61%$154.87
-0.58%$0.755667
9.90%$4.63
-1.36%$0.00005485
-0.27%$10.11
0.56%$2,428.22
-0.41%$0.062391
-0.32%$108.61
0.36%$106,838.00
-0.05%$0.0000014
6.14%$1.049
-0.94%$0.00540466
2.85%$0.432067
-0.77%$0.675718
0.46%$0.02844087
1.71%$0.0033005
-0.75%$17.41
1.12%$1.00
-0.04%$1.21
0.10%$1.018
0.02%$2,143.24
-0.38%$0.589646
0.54%$102,223.00
-0.83%$0.576115
-1.67%$1.60
-2.53%$0.264562
3.21%$0.1733
0.10%$103,558.00
-0.82%$14.48
0.94%$0.174942
-0.80%$0.070651
-1.40%$5.68
2.60%$19.27
-0.66%Reading
The world’s leading cryptocurrency has been on a tear since the start of October, and is now eyeing new heights as the U.S. Securities and Exchange Commission (SEC) is reportedly set to approve the first Bitcoin exchange-traded fund (ETF).
According to a Bloomberg report late on Thursday which cites sources familiar with the matter, the SEC isn’t likely to oppose the launch of a Bitcoin futures ETF. The current filings in question include applications from ProShares and Invesco, respectively.
The deadline is days away for SEC action on two applications for ETFs (exchange-traded funds) tied to Bitcoin futures, and Bitcoin has been climbing steadily all month on rumors that the applications could sail through. On Thursday evening, Bloomberg reported that the SEC will allow the ETFs, which are from ProShares and Invesco, to begin trading next week. (The report cited anonymous sources.) The news sent Bitcoin more than 4% higher in under an hour, to $59,400. Its all-time-high was nearly $...
The price of Bitcoin jumped from roughly $57,300 to $60,000 early Friday morning shortly after the news broke, according to CoinGecko. The last time Bitcoin traded above $60,000 was on April 18.
Despite correcting to $59,278 by press time, Bitcoin is still up 9.8% over the last week, remaining the best-performing asset among the five largest cryptocurrencies.
Due to SEC chair Gary Gensler’s previous statements, in which he hinted that he’d be more inclined to see an ETF tied to Bitcoin futures, rather than the one tied to the actual asset, the former are currently seen as the most viable way to launch a regulated crypto investment vehicle.
Some high-profile figures within the industry, however, are not as enthusiastic about the prospect of Bitcoin futures ETFs.
"People don't want Bitcoin futures exposure, they want physical Bitcoin exposure," Bloomberg ETF research analyst James Seyffart told Decrypt in August.
Bitcoin ETF applicants in the U.S. have been shaken by SEC Chair Gary Gensler's latest comments about the cryptocurrency market. Many of the firms that have recently petitioned the SEC for its approval to launch a Bitcoin ETF, including Anthony Scaramucci’s Skybridge Capital, were bullish that Gensler—who had previously expressed an interest in crypto as a “catalyst for change”—would at last greenlight the investment product that has eluded the crypto market for years. But in comments made Tues...
According to Matt Hougan, the chief investment officer at Bitwise Asset Management, a futures-based ETF can be “useful for certain investors, but not ideal” as it comes with up to 12% extra fees on the product.
In addition, as Hougan wrote in a Twitter thread on Thursday, there’s about a 15% dilution due to the current rules that limit the percentage of futures ETFs can hold.
“Most [futures ETFs] aim for 85%. So, 15% is other stuff, even bonds!” he said.
2/ First, why do we think BTC is better than futures?
A. Costs: It could cost over 5-10% per year to roll the futures (“contango”). Plus another 1-2% in fees.
B. Dilution: ETFs can't hold 100% BTC futures due to rules. Most aim for 85%. So, 15% is other stuff, even bonds!
...
— Matt Hougan (@Matt_Hougan) October 14, 2021
Hougan believes that “a direct BTC ETF avoids all that,” and this belief is reflected in a new ETF application Bitwise submitted on Thursday, two years after the firm’s original filing was rejected by the SEC.
This latest filing, as Hougan stressed, is a separate one from the Bitcoin futures ETF application submitted by Bitwise last month.
Formula 1 has renewed its partnership with exchange platform Crypto.com, extending the agreement through 2030 as both entities seek to capitalize on their shared momentum. The renewed partnership will see Crypto.com continue to feature prominently at key Formula 1 events, including the Miami Grand Prix, where it has been the title sponsor since the race’s inception in 2022. The deal, first inked in 2021, marked Formula 1’s foray into the crypto world at a time when digital assets were experienc...
Mo Shaikh, a co-creator of the Aptos blockchain and co-founder and CEO of the Aptos Labs firm that helps support it, announced Thursday that he's leaving the company to focus on a "new chapter." "Today, I am stepping away from Aptos Labs to start a new chapter," Shaikh wrote on X. "One of my true passions lies in building companies from the ground up, and we have done that at Aptos Labs by building a world-class team." "I leave Aptos Labs with the utmost confidence in the team," he continued, "a...
Building on the momentum of anticipated changes to U.S. crypto policy, Binance.US said it aims to restore its USD services in early 2025, according to a statement shared with Decrypt. It marks the exchange's first major operational shift as regulatory pressure forced the exchange to suspend fiat trading last year. The platform has operated under restricted banking access since June 2023, when SEC civil claims triggered a suspension of dollar deposits and withdrawals. "While I can't provide a de...
