SEC rejects VanEck ETF that sought to track bitcoin directly

Slim Kurkotta | Anadolu Agency | Getty Images The Securities and Exchange Commission announced on Friday that it had rejected a bitcoin exchange-traded fund operated by VanEck that would have directly tracked the digital currency’s price movements. The application was filed in March by CBOE BZX Exchange, which wanted the Securities and Exchange Commission to … Read more

Gold, bitcoin lead gains in inflation hedges following biggest CPI jump in 3 decades

Bitcoin on a pile of gold. Bodnarshuk | iStock Editorial | Getty Images Wednesday’s red-hot CPI report prompted investors to hedge against old and new inflation, as stocks and bonds came under pressure. Bitcoin price rose 2% on Wednesday and hit a record high, trading above $68,000. Ether added 1.9%. Spot gold was also higher, … Read more

Decision time looms for the first spot bitcoin ETF

Slim Kurkotta | Anadolu Agency | Getty Images The SEC has until November 14 to give a thumbs up or a thumbs up to the VanEck Bitcoin ETF, the first exchange-traded fund in a long line of “spot” Bitcoin ETFs that have applications in front of the regulator. The Securities and Exchange Commission (SEC) has … Read more

Bitcoin and ether hit new all-time highs

Bitcoin and Ether hit all-time highs on Monday evening. The price of Bitcoin soared at one point above $67,700 – beating the previous record set in late October – while Ether, the original token of the Ethereum blockchain, topped $4,800 for the first time ever. These record-breaking moves come amid a broader rally in the … Read more

Wall Street expects slowdown in HOOD’s crypto business

Baiju Bhatt and Vlad Tenev attend Robinhood Markets’ listing day on July 29, 2021 in New York City. Cindy Ord | Getty Images Robinhood’s crypto business is becoming increasingly important to the top-line of the trading app, and many on Wall Street are calling for a pullback from record trading levels in the second quarter. … Read more

5 things to know before the stock market opens Monday, Oct. 25

Here are the top news, trends and analysis that investors need to start their trading day: 1. The Dow is set to rise slightly after Friday’s record close Traders work on the floor of the New York Stock Exchange (NYSE) on October 15, 2021 in New York City. Spencer Platt | Getty Images 2. Bitcoin … Read more

What first bitcoin futures ETF means for cryptocurrency industry

Bitcoin (BTC) has crossed the $66,895 threshold for the first time in its history. Chesnot | Getty Images This week marked a milestone in the cryptocurrency space as investors began trading the first US bitcoin futures exchange-traded fund, outpacing other ETFs, and another followed on Friday. These funds invest in bitcoin futures, or agreements to … Read more