The Block
The price of bitcoin broke past $47,000 at around 2:15 p.m. ET on Jan. 8.Bitcoin’s price hasn’t been that high since December 2021, The Block’s price data show.
Quick Take Spot bitcoin ETFs are expected to attract inflows of $50-100 billion in 2024, if they’re approved, according to Standard Chartered Bank. As a result, the price of bitcoin could rise to $200,000 by the end of 2025, according to the bank. The bank also expects the SEC to approve spot ether ETFs in the second quarter of this year.
Quick Take Spot bitcoin ETF applicant VanEck has seeded its potential ETF with $72.5 million. The detail was contained within its amended S-1 form filed today.
Quick Take The Starknet community approved the implementation of version 13.0, expected this coming Wednesday. The upgrade will add support for transactions with Starknet’s native token, in addition to ether.
Quick Take “Those offering crypto asset investments/services may not be complying w/ applicable law,” SEC Chair Gary Gensler said in a thread on X Monday. While he didn’t mention any proposed spot bitcoin ETFs, the timing of his thread on X quickly raised eyebrows in crypto circles.
Quick Take Bitcoin has broken through the $45,000 mark. BTC short positions were impacted, with over $6 million in shorts liquidated in the past hour.
Multiple spot bitcoin ETF applicants filed amended S-1 forms today, laying out their final fee schedules for their funds.The potential issuers are waging a war over who can reach the lowest fees and attract the bulk of the market in the opening months.
Quick Take BlackRock has gone for a low sponsor fee of 0.3% while VanEck has gone even lower at 0.25%. This is the final step before the SEC decides whether to approve the multiple applications for spot bitcoin ETFs.
Ark Invest offloaded another 133,823 Coinbase shares on Friday — worth around $20.6 million.The latest sales follow the $29 million of COIN stock Ark offloaded earlier last week.
Quick Take The online second-hand goods marketplace has already launched its in-app bitcoin exchange for users last year.