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After the United States Securities and Exchange Commission (SEC) finally approved applications from Nasdaq, Cboe, and NYSE to list exchange-traded funds (ETFs) tied to the price of Ethereum (ETH), certain trades by a US politician have come into the limelight. Specifically, Michael Collins, the US representative for Georgia’s 10th congressional district, disclosed in January 2024 a $65,000 investment in Ethereum, as Finbold reported at the time, and more recently, highlighted by Quiver Quantitave, in an X post on May 24. BREAKING: The SEC has approved spot ethereum ETFs. We recently published a report on numerous purchases of Ethereum by Representative Mike Collins.$ETH has now risen over 140% since he started buying in. pic.twitter.com/fU60aEYJPZ — Quiver Quantitative (@QuiverQuant) May 23, 2024 According to the investment research firm that “scrapes alternative data from across the internet and aggregates it in a free, easy to use platform,” the largest alt...

The Securities and Exchange Commission (SEC) has approved 11 spot bitcoin ETFs after a rollercoaster of events that have left a sour taste in the mouths of crypto proponents, including SEC commissioner Hester Peirce. Crypto traders have long awaited the historic announcement made on Wednesday, and widely celebrated the decision. The SEC approved applications from Blackrock, ARK, and WisdomTree, to name a few. SEC commissioners reportedly held a vote, with three in favor and two against. Surprisingly, SEC chair Gary Gensler approved, along with Mark Uyeda and an expected yea from bitcoin proponent Hester Peirce. Commissioners Crenshaw and Lizárraga appear to have voted against the spot bitcoin ETFs. NEW: Turns out the @SECGov DID hold a vote on the $BTC Spot ETFs. Here’s the voting breakdown: Gensler: Approved Peirce: Approved Uyeda: Approved Crenshaw: Not Approved Lizárraga: Not Approved pic.twitter.com/LWcraQpoQF — Eleanor Terrett (@EleanorTerrett) January 10, 2024 Followi...

Singapore’s financial regulator has granted crypto custody firm BitGo an in-principle approval. The licence allows BitGo to operate as a Major Payments Instutition (MPI) provider in the country. Digital asset custody provider BitGo has received a regulatory nod from the Monetary Authority of Singapore (MAS). The crypto company said in an announcement on Wednesday that Singapore ‘s financial regulator had granted it the in -principle approval to operate as a Major Payment Institution (MPI). The approval expands BitGo’s “global footprint and provides APAC with regulated, secure and trusted solutions,” the firm noted in a post on X. BitGo receives in-principle approval from the Monetary Authority of Singapore (MAS). This expands our global footprint and provides APAC with regulated, secure and trusted solutions. We applaud Singapore ’s sound, clear and robust regulatory framework for digital assets. 🇸🇬...

Bloomberg ETF analysts raised their odds for a spot Bitcoin ETF approval after the recent Grayscale victory against the SEC. Bloomberg analysts have raised the probability for an approved spot Bitcoin exchange-traded fund (ETF) by the end of 2023, following a recent Grayscale victory against the federal securities regulator. In a Aug. 30 post on X (Twitter), Bloomberg senior ETF analyst Eric Balchunas said they have raised the chances to 75% from an earlier 65% — due to the unanimity and decisiveness at which the United States Court of Appeals Circuit reached its decision in the recent case. “The judges unanimously repudiated the SEC’s arguments, and the agency will struggle to justify further denials as it faces deadlines,” Bloomberg analysts James Seyffart and Elliot Stein added in a separate Aug. 30 note. NEW: @JSeyff & I are upping our odds to 75% of spot bitcoin ETFs launching this yr (95% by end of '24). While we factored Grayscale win into our prev 65% odds, the una...

Coinbase is preparing to roll out cryptocurrency futures trading for institutional investors in the United States. Cryptocurrency exchange Coinbase has obtained approval from the National Futures Association (NFA) to offer investments in crypto futures to eligible customers in the United States. Announcing the news on Aug. 16, Coinbase stated that the company is now officially allowed to operate a Futures Commission Merchant (FCM) platform. The approval enables Coinbase to introduce Bitcoin (BTC) and Ether (ETH) futures contracts through its Commodity Futures Trading Commission (CFTC)-regulated derivatives exchange. “This is a critical milestone that reaffirms our commitment to operate a regulated and compliant business and be the most trusted and secure crypto-native platform for our customers,” Coinbase said in the statement. According to a notice on Coinbase’s cryptocurrency futures web page, the new futures trading service will not be immediately available in the United Sta...