The Block
Invesco and Galaxy’s spot bitcoin ETF, which has remained at the middle of the pack among the new crypto-based funds, is dropping its fee from 0.39% to to 0.25%, according to an SEC filing.The new rate, which doesn’t come into effect for months, will put the firms’ ETF on par with most competitors.
NFT marketplace Magic Eden has launched a multi-chain self-custodial wallet.The wallet is compatible with the four blockchains currently supported on the platform — Solana, Bitcoin, Polygon and Ethereum.
The price of bitcoin rebounded above the $43,000 mark with the market expecting the U.S. Federal Reserve to pause rates again later this week.
Bitcoin mining firm GRIID began trading on the Nasdaq today under the ticker “GRDI.”The move follows GRIID’s merger with special purpose acquisition company Adit EdTech Acquisition Corp. earlier this month.
TD Cowen anticipates that the SEC will not approve a spot Ethereum ETF until late 2025 or early 2026.Earlier this month, the bank just said approval could come after the November 2024 election.
The Hong Kong arm of a major Chinese asset manager applied for such an ETF on Jan. 26, Tencent News reported today.Harvest, RD Technologies and VSFG are also in talks with the Hong Kong Monetary Authority about potential stablecoin trials, according to Bloomberg.
Quick Take: CFTC Chair Behnam’s remarks come two weeks after the Securities and Exchange Commission approved the first batch of spot bitcoin exchange-traded funds, which have so far seen billions of dollars of trading activity.
Quick Take Judge Katherine Polk Failla could decide to dismiss the case brought by the Securities and Exchange Commission against Coinbase, some experts say. But others say that is not likely and think the case will go on.
Bitcoin’s rising price on Friday is spurring BlackRock’s spot bitcoin ETF to become the first of the new products to reach $2 billion in assets under management.Grayscale’s converted fund has about $20 billion in AUM.
The price of bitcoin rose back above the $42,000 mark on Friday, reaching a level not seen in over one week.
