Grayscale has launched its new spot Bitcoin mini ETF, starting trading on NYSE Arca.
The product is a spin-off of GBTC, Grayscale’s converted ETF that was formerly a trust.
Grayscale also offers a similar Ethereum-based mini product.
The Bitcoin mini ETF is the first of its kind in the U.S. and has the lowest fee among its competitors.
The launch marks a significant development in the crypto investment landscape.
Grayscale’s Bi…
Ethereum ETFs saw their first positive inflows on July 30, 2024, with a total net inflow of $33.7 million.
The inflows were distributed across different Ethereum ETFs, with the $ETHA ETF leading the pack with $118.0 million.
This development signals a growing acceptance of cryptocurrencies by traditional investors and could lead to increased liquidity and stability in the Ethereum market.
Expert opinions suggest that Ethereum could le…
Senator Cynthia Lummis proposes a Bitcoin reserve bill to strengthen the U.S. dollar and secure the nation’s financial future.
The bill aims to establish a strategic reserve of 1 million BTC, approximately 5% of the total Bitcoin supply.
The initiative would begin by transferring the 210,000 BTC already held by the U.S. government into a Treasury-managed reserve.
The Bitcoin reserve will be held for at least 20 years and used only to…
As Ethereum marks its 9th birthday on July 30, 2024, it’s a moment to reflect on the platform’s journey and its significant impact on the blockchain and cryptocurrency space. From its inception, Ethereum has been a pioneer, revolutionizing the industry with its innovative smart contracts and decentralized applications (dApps).
A Brief History of Ethereum
Ethereum was first conceptualized in 2013 by Vitalik Buterin, and the Ethereum blockc…
The SEC has decided to amend its lawsuit against Binance, dropping security claims for Solana (SOL), Cardano (ADA), Polygon (MATIC), Filecoin (FIL), Cosmos (ATOM), The Sandbox (SAND), Decentraland (MANA), Algorand (ALGO), Axie Infinity (AXS), and COTI (COTI).
The decision comes after a recent court order and discussions between the SEC and Binance regarding the classification of these cryptocurrencies as securities.
The amended complaint…
