The Amplify Transformational Data Sharing ETF ( BLOK, $21.03) is similar to many U.S. Assets under management: $461.0 million.Their asset levels might be lower than at the height of the crypto surge in late 2021, but they're returning due to promising new technologies such as AI.Īmplify Transformational Data Sharing ETF
However, those interested in more risk-averse options might consider these best bitcoin and crypto ETFs. It should go without saying that Bitcoin and other digital assets remain highly speculative and should be approached with extreme caution. Crypto could get an additional boost on any favorable headlines surrounding the potential approval of bitcoin futures funds. The order "does not convert the Grayscale Bitcoin Trust ( GBTC) product into an ETF immediately, but gives a fair basis for Grayscale to be treated in line with other Bitcoin ETF applicants," says Gautam Chhugani, senior analyst of Global Digital Assets at Bernstein. Judge Neomi Rao said the SEC's decision to approve two bitcoin future ETFs but reject the application for the spot market fund was "arbitrary and capricious." Its dominance in the industry shows that investors are flocking to Bitcoin as a safe haven, and more regulatory clarity and acceptance among the mainstream financial system will only legitimize the world's largest token.Also stoking optimism in the crypto space is a recent decision by a federal judge to overturn the Securities and Exchange Commission's (SEC) attempt to block Grayscale Investments' application for a spot bitcoin exchange-traded fund. Now whatĪll of this is good news for Bitcoin. With some of the largest, most well-known crypto exchanges like Binance and Coinbase recently being sued by the SEC, this is welcome news for crypto investors to see mainstream financial companies further supporting the industry. Securities and Exchange Commission (SEC) to launch a spot Bitcoin exchange-traded fund (ETF). This comes just after BlackRock, the world's largest asset manager, recently submitted a proposal to the U.S.
In other news, a new exchange called EDX Markets that trades Bitcoin and several other cryptocurrencies and is backed by Charles Schwab, Fidelity, and Citadel revealed this morning that it is live and has raised new funding. "This bill delivers the outcomes of the future regulatory framework review, giving the regulators significant new rule-making responsibilities, while balancing that additional responsibility with clear accountability, appropriate democratic input, and transparent oversight," said Baroness Joanna Penn, a member of the House of Lords. More specific crypto regulation could come over the next year. Now, the FSMB will enter the final stages before being officially approved and put into law.
Yesterday, Parliament's upper chamber approved the Financial Services and Markets Bill (FSMB), which would regulate cryptocurrencies and stablecoins, digital assets pegged to a commodity or currency, under Britain's payments laws, paving the way for regulators to potentially implement laws they have been considering. On the regulatory front, lawmakers in the United Kingdom have passed a bill that would further clarify how cryptocurrencies are regulated in the country, something that many proponents believe is needed to allow the industry to move forward. "The Bitcoin dominance grows when investors do not feel confident about the short-term market trend and adjust their position toward a less speculative portfolio, increasing their exposure to Bitcoin, which is commonly known to be the less volatile digital asset," Fineqia International analyst Matteo Greco said, according to Barron's. That's the highest amount Bitcoin has consumed since May 2021. As of Tuesday, Bitcoin's market cap as a percentage of the market cap of all cryptocurrencies grew to 48.5% and briefly surpassed 50%, according to CoinMarketCap. So whatīitcoin specifically seems to be benefiting as its market share increases. Meanwhile, shares of the Bitcoin-mining companies CleanSpark (NASDAQ: CLSK) and Hive Blockchain Technologies (NASDAQ: HIVE) rose 12.1% and 11.2%, respectively, today.
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