Tag Archives: fidelity

The Deribit exchange has recorded a new yearly high for Bitcoin perpetual futures open interest, a record not seen since BTC’s ATH. The amount of open interest in Bitcoin perpetual futures on the Deribit derivatives exchange has hit a new high of $740 million. This impressive level was last seen in November 2021 when Bitcoin hit its $68,000 all-time high. As of this writing, open interest in Bitcoin perpetual futures has fallen to $717 million. A rise in open interest in Bitcoin perpetual...

The SEC website showed one memorandum with details of a discussion with BlackRock, and another one on a discussion with Grayscale. The US Securities and Exchange Commission (SEC) on Sunday revealed on its website one memorandum detailing discussions with financial giant BlackRock (NYSE: BLK), and another with crypto asset manager Grayscale Investments. These memos involved proposed rule changes concerning the listing and trading of spot Bitcoin exchange-traded funds (ETFs) by both...

Legal experts, including Ripple lawyer John E. Deaton, share Armstrong’s optimism, speculating that Coinbase will be a significant beneficiary of Binance’s regulatory challenges. Recent developments have thrust Coinbase Global Inc (NASDAQ: COIN) into the spotlight, positioning it as the frontrunner following regulatory challenges faced by its main rival, Binance. The collapse of FTX had already reshaped the crypto industry, and now, with Binance capitulating to the United States Department...

BlackRock’s competition has heightened as Fidelity – a renowned financial giant with $4.5 trillion in assets under management – has filed for a spot Ethereum exchange-traded fund (ETF). Fidelity Goes for Ethereum ETF In a filing submitted to the United States Securities and Exchange Commission (SEC) on November 17, Fidelity outlined its plans to list and trade shares of the Fidelity Ethereum Fund on the Cboe BZX Exchange. According to the Registration Statement, each Share...

With strong confidence that its Bitcoin spot ETF will be approved by January 2024, BlackRock has filed an application for a spot ETH ETF. Leading global asset management company BlackRock Inc (NYSE: BLK) says the Securities and Exchange Commission (SEC) will approve its Bitcoin (BTC) spot ETFs in January 2024, Fox News reported Thursday. According to the report, citing people familiar with the matter, the $9 trillion asset manager is confident that the approval of the ETF is imminent and...

Bitcoin is a store of value currency and inflation hedge likable to “exponential gold,” wrote Jurrien Timmer, Head of Global Macro at Fidelity, in a post to X on Wednesday. The analyst argued that both Bitcoin and gold boast distinct but attractive risk/reward ratios right now and that both may be players on the “same team” regarding their investment theses. Gold Versus Bitcoin: A Historic Look As outlined by Timmer, Bitcoin began is rallying again this year in line with “the...

The forthcoming MiCA regulation aims to introduce a uniform set of rules and guidelines for crypto assets that currently operate outside the scope of traditional financial regulations. Fidelity Investments, one of the leading asset management companies in the United States, plans to establish its presence in Europe through its crypto subsidiary Fidelity Digital Assets.  The unit, launched in November 2018 to offer Wall Street investors the opportunity to buy and sell cryptocurrencies such...

Bitcoin is enjoying price spikes and increased trading volumes as Fidelity and others amend proposals while the market awaits an approval. The price of Bitcoin (BTC) hit $28,817 today in response to amendments to spot Bitcoin ETF applications submitted to the United States Securities and Exchange Commission (SEC). However, as of this writing, Bitcoin has fallen to $28,379 according to data from CoinMarketCap, a 4.3% increase over the last 7 days. The initial increase put Bitcoin at a new...

Ethereum (ETH) may now present advantages to institutional investors over Bitcoin (BTC), according to Fidelity’s Director of Research, Chris Kuiper. During an interview with the Bankless podcast on Wednesday, Kuiper argued that legacy finance is “getting past the Bitcoin point” in terms of its understanding of crypto at large, opening its minds to other digital assets. Institutions Moving Beyond Bitcoin According to Kuiper, one of the key factors boosting Ethereum’s...

According to the filing, Coinbase will securely hold and manage the actual Bitcoin assets that underpin the ETF. The company has also confirmed that the Bitcoin ETF will be listed and traded on the Cboe BZX Exchange, Inc. Franklin Templeton, an asset management company, has entered the competition among companies aiming to offer spot Bitcoin ETFs. This was made known through a September 12 filing with the Securities and Exchange Commission (SEC). According to the filing, Coinbase will...