ETF

From Dominance to Compliance

Last Tuesday saw Binance settle its long-running legal disputes with several U.S. government agencies, including the Department of Justice (DoJ), the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), the Office of Foreign Assets Control (OFAC), and the U.S. Commodity Futures Trading Commission (CFTC). However, they failed to reach an agreement with the Securities and Exchange Commission (SEC) regarding their pending charges. As part of the settlement, Binance has agreed to pay an eye-popping fine of $4.3 billion. Furthermore, Changpeng Zhao (CZ), the CEO of Binance, will step down

Walking the Tightrope

As we stand on the verge of a new era in crypto, it’s crucial to reaffirm the importance of decentralization. Beyond being a mere aspiration, decentralization serves as the lifeblood of the crypto world, standing as the pivotal force that draws the line between freedom and control. Amidst the hype surrounding the impending approval of a spot Bitcoin ETF in the United States, accompanied by the influx of capital from behemoths like BlackRock, the immediate market surge raises a serious question for the future of crypto. Are people here for

Livento Group, Inc. Announces Second Quarter Results with Revenue Growth of Over 90%, Including Significant Achievements and Updates

NEW YORK, NY / August 14, 2023 / NuGene International, Inc./Livento Group, Inc. (OTC Pink:NUGN), a dynamic leader specializing in the acquisition and development of companies with disruptive business models in film, content, and technology sectors, is pleased to announce revenue growth of 91.65% for the second quarter of 2023, compared to the same period in 2022. Financial Highlights: Revenue Growth:The second quarter ending June 30, 2023, saw revenues of $431,184, up from $224,986 in 2022. For the six-month period ending June 30, 2023, revenues grew from $680,202 to $922,651, a growth of

Cosmos Asset Management, Cboe Australia expand investor access to Bitcoin

Cboe Australia (“Cboe Australia”) is pleased to announce the debut of the Cosmos Purpose Bitcoin Access ETF, (“CBTC”). In partnership with Cosmos Asset Management, Cboe Australia will launch CBTC on 12 May 2022, providing investors with Bitcoin exposure through the world’s first physically settled Bitcoin ETF, the Purpose Bitcoin ETF. A fund-of-funds, CBTC invests directly in the Purpose Bitcoin ETF, which has amassed A$1.7 billion in assets under management since its launch in 2021 and invests directly in Bitcoin. The ETF’s Bitcoin assets are secured by world-class cryptocurrency custodian Gemini.

3 Bitcoin Investing Options That Aren’t Risky

How to Make a Cryptocurrency Investment Although Bitcoin is a risky investment, there are techniques to mitigate your risk. The Bitcoin (CRYPTO: BTC) craze is far from finished, as the cryptocurrency continues to rise in value. Bitcoin's price has risen about 100% since the beginning of the year, as investors rush to cash in on the digital currency craze. Despite its popularity, it is still a very dangerous investment. While some investors believe it will be a game-changer, others are less confident. Its price has also fluctuated dramatically, plummeting by

Valkyrie to unveil $100 million DeFi fund next week

Valkyrie Investments has announced the establishment of a $100 million decentralized finance fund aimed at institutional investors.  The fund will provide exposure to the fast-growing sector of decentralized finance, popularly known in the crypto community as DeFi. It is expected that the “On-Chain DeFi fund,” which will go live on November 22, would invest in approximately a dozen protocols dispersed across 13 blockchains. Accredited investors in the United States and abroad will be allowed to participate in the fund. More info on Valkyrie’s DeFi hedge fund According to Wes Cowan,

First crypto-related exchange-traded fund gets green light in India

The Securities and Exchange Board of India (SEBI) has approved the first cryptocurrency ETF. According to local media, the regulator has approved Invesco’s CoinShares Global Blockchain ETF Fund. The fund owns Coinbase, Bitfarms, SBI Holdings, and MicroStrategy, among others. The fund has had a good year, earning 89.52% in returns. Invesco is positive about the asset class’s future, it noted in a document. Blockchain technology Because blockchain technology is new, the potential to change the global economy is huge. Like the internet, blockchain offers massive potential to investors. For institutional

First Mover Asia: Bitcoin Drifts Lower After Taproot Upgrade; Ether Drops

Good morning, Here’s what’s happening this morning: Market Moves: Bitcoin’s highly anticipated Taproot upgrade fails to produce any noticeable price pop. Technician’s take: Short-term upside appears to be limited given the loss of positive momentum. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. Prices Bitcoin (BTC): $64,514 +0.4% Ether (ETH): $4,562 -1.7% Market moves Bitcoin was trading flat after Taproot, the blockchain’s biggest network upgrade in four years, went live. The upgrade, which took effect at 5:15 coordinated universal time (1:15 a.m.

Bitwise withdraws its application for a bitcoin futures ETF.

Cryptocurrency firm Bitwise has withdrawn its bitcoin futures ETF application, according to Bitwise CIO Matt Hougan, who announced on Twitter. However, the spot filing remains in play and competes with several other applications for the United States Securities and Exchange Commission’s (SEC) attention. Hougan explained the withdrawal, which on the whole comes down to spot ETFs being better for long-term investors and the costs associated with futures ETFs.  1/ Today, @BitwiseInvest withdrew its application to list a bitcoin *futures* ETF. (Our spot filing remains.) Thought I’d share our thinking. A

Crypto ETP Provider ETC Group Crosses $2 Billion Worth of AUM

ETC Group, a provider of institutional-grade digital asset-back securities, now has more than $2 billion worth of crypto assets under management (AUM). The company achieved the milestone for the first time in its history.ETC Group’s Bitcoin ETP alone accounts for more than $1.6 billion worth of AUM. In the last 10 months, the overall value of ETC Group’s AUM increased sharply due to a surge in the popularity of crypto trading products.As part of its expansion plan, ETC Group recently hired ETF expert Tim Bevan as co-CEO, Julian Kelly as

AOFEX Insight: Bitcoin-linked ETF Officially Gets Listed

The first bitcoin ETF finally gets listed in the United States after 8 years of a long journey since 2013. The U.S. SEC approved the first bitcoin-linked ETF after its 5 commission members’ discussion. It's understood if the SEC does not reject, delay or ask more questions, the bitcoin-linked ETF proposal will take effect automatically. During October 15-18, no rejection, delay or more questions were heard. At 9:30 am, October 19, ProShares’s CEO Michael Sapir rang the bell at the NYSE. It is a milestone in the history of bitcoin,