Cryptocurrency News Today TheBitTimes.com

1. Thai SEC Considering Approval for Bitcoin ETF Listing link The Securities and Exchange Commission (SEC) of Thailand is considering the approval of a Bitcoin Exchange-Traded Fund (ETF) for listing on local exchanges. Pornanong Budsaratragoon, the Secretary-General of the Thai SEC, stated that if approved, this would be the first opportunity for residents to directly invest in a Bitcoin ETF within the country. Currently, Thai investors can only access overseas Bitcoin ETFs through a mother fund product launched by One Asset Management in mid-2024. 2. South Korea’s Financial Services Commission to Launch New Crypto Regulatory Framework in H2 2025 link The Financial Services Commission (FSC) of South Korea has initiated discussions on the second phase of its cryptocurrency regulatory framework, with plans to complete the bill draft by the second half of 2025. FSC Vice Chairman Kim Jo-yong stated that the new framework will adopt a systematic and comprehensive approach, covering service ...

One of the most important developments of the year may go down as one of the biggest debuts ever, as BlackRock’s Spot Bitcoin ETF has been called the ‘greatest launch in ETF history’ according to Bloomberg. Indeed, the $11.5 trillion asset manager iShares Bitcoin Trust (IBIT) quickly became one of the firm’s biggest funds. The product first launched in January alongside ten other Bitcoin-based ETFs. Their arrival marked a shifting tide, as it propelled the leading cryptocurrency into a new realm of prominence. A massive reason for that was BlackRock and the role it took in facilitating that rise. JUST IN: BlackRock's Spot Bitcoin ETF is the "greatest launch in ETF history," Bloomberg reports. — Watcher.Guru (@WatcherGuru) December 30, 2024 Also Read: BlackRock’s Spot Bitcoin ETF Surpasses Its Gold ETF BlackRock Bitcoin ETF May be Greatest Launch Amid BTC’s Rapid 2024 Rise This year has proven to be a game-changer for the cryptocurrency sector. The asset cla...

BlackRock to launch Brazil’s first Bitcoin ETF IBIT39 on B3 exchange on March 1, 2024. IBIT39 mirrors Bitcoin’s performance and offers a 0.25% management fee, reduced to 0.12% first year. BlackRock aims to meet the rising demand for regulated crypto investments in Brazil. BlackRock, a global investment management firm, is poised to make a significant stride in Brazil ’s cryptocurrency market with the upcoming launch of the country’s inaugural Bitcoin exchange -traded fund (ETF), IBIT39. Scheduled to debut on March 1, 2024, on Brazil ’s primary stock exchange , B3, the move marks a pivotal moment in the accessibility of digital assets for regional investors. BlackRock’s Bitcoin ETF in Brazil The iShares Bitcoin Trust BDR (IBIT39) is BlackRock’s response to the increasing demand for regulated avenues to invest in cryptocurrencies. Headed by Karina Saade, BlackRock Brazil Country Manager, the ETF is designed to offer ...

Harvest Hong Kong is the first institution in Hong Kong to file for a spot Bitcoin ETF. A local news outlet suggests the Hong Kong Financial Services Commission (FSC) could announce a decision in coming weeks. The US recently approved 11 ETFs, including for BlackRock, Fidelity and Grayscale. Harvest Hong Kong, one of the largest fund companies in China, has filed for a spot Bitcoin exchange-traded-fund (ETF). A Tencent News report says that the company filed the ETF application with the Hong Kong Securities and Futures Commission (FSC) on January 26, 2024. Harvest Fund is the first institution to submit a proposal to list a spot Bitcoin ETF in Hong Kong, the news outlet noted. According to the report , the regulator could release its decision on the ETF after the Lunar New Year holiday. However, market experts say the SFC could take a cue from the US Securities and Exchange Commission (SEC) and look to approve several ETFs at a go. Institutions eye spot ET...

On Jan. 24, the total net outflow of Bitcoin spot ETFs was $159 million, the largest single-day total net outflow . According to the analytics platform Alpha, on Jan. 24 the total net outflow of Bitcoin spot ETFs hit $159 million, the largest one-day net outflow since launch. Source: Alpha Grayscale ETF has been the leader in net outflows with $429 million since the fund’s launch. All ETFs except Grayscale had net inflows of $270 million. At the same time, for the second day in a row, the outflow of funds from Grayscale Bitcoin Trust (GBTC) has been decreasing. The figure was the lowest since the launch of spot Bitcoin ETFs in the United States. Bloomberg analyst Eric Balchunas wrote in X that GBTC outflows are showing a “downward trend.” However, he noted that liquidations are still huge. $GBTC volume down again today.. could be sign of some exhaustion in the selling (same thing happens in stocks, $SPY volume goes up w selling, down w peace). We'll...

Following the approval of spot Bitcoin ETFs, Grayscale has transferred some 31,638 BTC within its dedicated Coinbase accounts. According to Arkham Intelligence, the GBTC issuer moved a total of $1.3 billion in Bitcoin (BTC) since the U.S. Securities and Exchange Commission (SEC) approved 11 spot BTC exchange-traded funds (ETFs) on Jan. 10. The data available revealed transactions over three days, including Jan. 12, Jan. 16, and Jan 17. These deposits into Coinbase Prime wallets from Coinbase custody accounts all happened during the opening trading hours of the U.S. stock market. This is $BTC leaving $GBTC (in Coinbase custody) to go to the Coinbase hot wallet (two different things). Sell pressure from those exiting to avoid the 1.5% fee. — Dylan LeClair 🟠 (@DylanLeClair_) January 17, 2024 You might also like: Jamie Dimon on Bitcoin: Don’t get involved The first transaction shows 4,000 BTC worth $183 million moved by Grayscale. Following that, Grayscale transfer...

With the approval of the investment products by the US Securities and Exchange Commission (SEC) expected today, CBOE has said that Spot Bitcoin ETF s will start trading tomorrow. Indeed, the exchange verified that six of the eleven pending ETFs will begin trading on Thursday. Specifically, the CBOE is set to list Invesco Galadxy Bitcoin ETF (BTCO), Franklin Bitcoin BTF (EZBC), ARK 21Shares Bitcoin ETF (ARKB), VanEck Bitcoin Trust (HODL), Fidelity Wise Origin Bitcoin FUnd (FBTC), and WisdomTree Bitcoin Fund (BTCW). Conversely, CBOE had previously confirmed the listing of the investment products pending SEC approval. JUST IN: CBOE says Spot #Bitcoin ETFs will start trading tomorrow. — Watcher.Guru (@WatcherGuru) January 10, 2024 Also Read: Valkyrie Chief Investment Officer Says Ripple XRP ETFs Could Come CBOE Expects Spot Bitcoin ETF Trading Tomorrow For the past several months, excitement over an incoming Spot Bitcoin ETF has dominated discourse within the digi...

In the face of ongoing uncertainty regarding the approval of spot Bitcoin ETFs, a new strategy has emerged from a group of former Citi group executives.  The collective intends to introduce a novel Bitcoin financial product, a Bitcoin Depositary Receipt (BDR), that sidesteps the need for SEC approval. Recent reports have unveiled that Receipts Depositary Corporation (RDC), established by these ex-Citi group leaders, is preparing to launch a financial instrument similar to American Depositary Receipts (ADRs) used for foreign stocks.  You might also like: Why is crypto down today? Matrixport and other FUD RDC’s official announcement shared plans to release the inaugural series of BDR, targeting qualified international institutional investors. According to the Securities Act of 1933, U.S. Depositary Receipts are exempt from registration with the SEC, enabling investors to participate in Bitcoin-related securities through regulated U.S. markets and to settle tran...

Crypto asset manager Grayscale has updated its S-3 filing for a spot Bitcoin (BTC) ETF. According to Bloomberg analyst James Seyffart, Grayscale filed an updated filing with the U.S. Securities and Exchange Commission (SEC) the same day Barry Silbert — CEO of parent company Digital Currency Group — announced his resignation from Grayscale’s board of directors. “Even Grayscale is accepting the SEC’s Cash-only creation/redemption edict. Looks like they’re bending the knee.” James Seyffart, Bloomberg analyst Some crypto market commentators have speculated that Silbert’s departure could significantly increase the chances of Grayscale successfully converting its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, which is currently awaiting an SEC decision. Barry's resignation was @Sonnenshein's X-Mas gift. What to make of @bsilbert resigning from Grayscale? Grayscale has had 9 meetings with the SEC per the table below (h/t @JSe...