2024-01-10 22:38
Copyrighted Image by: Reuters. NEW YORK - BlackRock (NYSE:BLK), Inc., the world's largest asset manager, has announced the launch of the iShares Bitcoin Trust (IBIT), set to begin trading on Nasdaq tomorrow. The U.S. Securities and Exchange Commission (SEC) has declared the registration statement for the spot bitcoin ETF effective, marking a significant milestone for investors seeking exposure to the cryptocurrency market through a regulated exchange-traded fund. The iShares Bitcoin Trust aims to provide a cost-effective and convenient way for investors to track the price of bitcoin. Dominik Rohe, Head of Americas iShares ETF and Index Investing business at BlackRock, stated that IBIT addresses some of the challenges and operational burdens that have previously deterred investors from directly investing in bitcoin. BlackRock's iShares boasts over two decades of experience, offering more than 1,300 ETFs globally. The firm manages assets worth $3.12 trillion as of September 30, 2023, and has facilitated market access for over 43 million investors worldwide. The Trust's value is closely linked to bitcoin's acceptance, industry developments, and governance changes. It is subject to the extreme volatility inherent in digital asset markets, as well as risks associated with the loss, theft, or compromise of private keys. BlackRock emphasizes that the Trust's security procedures are designed to protect its assets, but there is no guarantee that they will be effective against all potential threats. https://www.investing.com/news/cryptocurrency-news/blackrock-launches-ishares-bitcoin-etf-on-nasdaq-93CH-3271879
2024-01-10 22:31
The registration statement for BlackRock’s spot bitcoin ETF, the iShares Bitcoin Trust (IBIT), has been declared effective by the U.S. Securities and Exchange Commission (SEC). IBIT seeks to track the price of bitcoin and is expected to begin trading on Nasdaq on January 11, 2024. “Through IBIT, investors can access bitcoin in a cost-effective and convenient way,” said Dominik Rohe, Head of Americas iShares ETF and Index Investing business at BlackRock (NYSE:BLK). IBIT helps to remove some of the obstacles and operational burdens that may prevent investors, from asset managers to financial advisors, from directly investing in bitcoin. With over 20 years of experience and more than 1,300 ETFs globally, iShares has helped over 43 million investors access the market1. Every iShares ETF unlocks access to institutional grade technology and professional risk management expertise in the convenience of the ETF wrapper. To learn more about the iShares bitcoin ETF filing visit https://www.sec.gov/Archives/edgar/data/1980994/000143774924001125/bit20240109_424b3.htm https://www.investing.com/news/cryptocurrency-news/blackrocks-bitcoin-etf-approved-by-the-sec-set-to-commence-trading-on-thursday-january-11th-432SI-3271872
2024-01-10 22:22
Investing.com - EOS was trading at $0.7613 by 17:21 (22:21 GMT) on the Investing.com Index on Wednesday, up 10.01% on the day. It was the largest one-day percentage gain since July 13, 2023. The move upwards pushed EOS's market cap up to $842.2237M, or 0.05% of the total cryptocurrency market cap. At its highest, EOS's market cap was $17.5290B. EOS had traded in a range of $0.6936 to $0.7613 in the previous twenty-four hours. Over the past seven days, EOS has seen a stagnation in value, as it only moved 1.92%. The volume of EOS traded in the twenty-four hours to time of writing was $159.1488M or 0.16% of the total volume of all cryptocurrencies. It has traded in a range of $0.6686 to $0.7822 in the past 7 days. At its current price, EOS is still down 96.69% from its all-time high of $22.98 set on April 29, 2018. Elsewhere in cryptocurrency trading Bitcoin was last at $46,377.8 on the Investing.com Index, up 1.89% on the day. Ethereum was trading at $2,546.63 on the Investing.com Index, a gain of 8.85%. Bitcoin's market cap was last at $908.8387B or 51.79% of the total cryptocurrency market cap, while Ethereum's market cap totaled $305.3955B or 17.40% of the total cryptocurrency market value. https://www.investing.com/news/cryptocurrency-news/eos-climbs-10-in-a-green-day-3271869
2024-01-10 21:40
Copyrighted Image by: Reuters. SEC approves spot bitcoin ETFs The SEC has approved 11 spot Bitcoin exchange-traded funds, the government agency said on Wednesday. The news comes one day after the SEC's X, formerly Twitter, account was hacked, announcing the same news. The approval includes ETFs from Grayscale, Bitwise, and Hashdex, among others. Grayscale confirmed it received approval from the SEC to convert its Grayscale Bitcoin Trust to a spot Bitcoin ETF. SEC Chairperson, Gary Gensler, said the Grayscale court decision prompted the approval. He added that the approval will bring more oversight. The endorsement is seen revolutionizing the landscape for Bitcoin, providing both institutional and retail investors with access to the largest cryptocurrency globally without the need for direct ownership. Bitcoin last traded up fractionally to $45,706. It is up 67% over the last 3 months in anticipation of the ETF approvals. https://www.investing.com/news/cryptocurrency-news/sec-approves-spot-bitcoin-etfs-3271848
2024-01-10 21:31
Copyrighted Image by: Reuters. STAMFORD, Conn. - Grayscale Investments, a prominent crypto asset manager, announced Wednesday that the U.S. Securities and Exchange Commission (SEC) has approved the listing of Grayscale Bitcoin Trust (GBTC) on the NYSE Arca exchange. This approval marks a significant milestone, as GBTC will operate as one of the first spot Bitcoin Exchange-Traded Funds (ETFs) in the United States. Trading of GBTC shares on NYSE Arca is expected to start on January 11, 2024, transitioning from its current OTC Markets platform. The Grayscale Bitcoin Trust, which was established in 2013 and began public quotation in 2015, holds approximately 3.16 percent of the total Bitcoin in circulation as of January 9, 2024. The transition to a spot Bitcoin ETF format is anticipated to enable the trust to more accurately reflect the value of its underlying Bitcoin holdings, net of expenses, through registered share issuances and the facilitation of simultaneous creations and redemptions. Grayscale's CEO, Michael Sonnenshein, expressed gratitude for the SEC's thorough review and the support of GBTC's investors throughout the process. He emphasized the importance of this development for GBTC investors and the broader potential of cryptocurrencies. Current GBTC shareholders are not required to take any action in relation to the uplisting. Once listed on NYSE Arca, the trust aims to issue additional shares on a registered basis under the Securities Act of 1933. Grayscale's move to list GBTC on the NYSE Arca is seen as a pivotal step for the fund and for investors looking for regulated investment avenues into the digital currency space. https://www.investing.com/news/cryptocurrency-news/grayscale-bitcoin-trust-set-to-list-on-nyse-arca-93CH-3271840
2024-01-10 20:49
Investing.com - Ethereum was trading at $2,478.51 by 15:47 (20:47 GMT) on the Investing.com Index on Wednesday, up 10.12% on the day. It was the largest one-day percentage gain since November 9, 2023. The move upwards pushed Ethereum's market cap up to $294.87B, or 17.19% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $569.58B. Ethereum had traded in a range of $2,342.21 to $2,480.04 in the previous twenty-four hours. Over the past seven days, Ethereum has seen a rise in value, as it gained 10.36%. The volume of Ethereum traded in the twenty-four hours to time of writing was $25.32B or 24.56% of the total volume of all cryptocurrencies. It has traded in a range of $2,167.4207 to $2,480.0354 in the past 7 days. At its current price, Ethereum is still down 49.04% from its all-time high of $4,864.06 set on November 10, 2021. Elsewhere in cryptocurrency trading Bitcoin was last at $45,821.8 on the Investing.com Index, down 2.27% on the day. Tether USDt was trading at $1.0005 on the Investing.com Index, a gain of 0.01%. Bitcoin's market cap was last at $900.73B or 52.52% of the total cryptocurrency market cap, while Tether USDt's market cap totaled $94.38B or 5.50% of the total cryptocurrency market value. https://www.investing.com/news/cryptocurrency-news/ethereum-climbs-10-in-rally-3271787
