GrayScale Gets SEC Approval For Bitcoin Mini Trust ETF
The SEC has approved Grayscale’s Bitcoin Mini Trust ETF, which will be launched next week with a minimal 0.15% fee. The Grayscale Bitcoin Mini Trust , a new product from Grayscale Investments, has been approved by the U.S. Securities and Exchange Commission (SEC). This ETF is based on the successful Ethereum Mini Trust model. The […]
Michigan Pension Fund Reports $6.6M Stake In Bitcoin ETFs
As of June 30, the Michigan pension fund disclosed that it held 110,000 shares of the ARK 21Shares Bitcoin ETFs in an SEC filing. Investments in a spot Bitcoin exchange-traded fund, or ETF, offered by ARK 21Shares were reported by the State of Michigan Retirement System. Michigan’s state pension fund disclosed its ownership of 110,000 […]
US Federal Reserve Quit Enforcement Action With Silvergate Bank
The U.S. Federal Reserve has dropped an enforcement action against crypto-friendly Silvergate Bank over a breach of AML regulations. The enforcement action against Silvergate Bank and its holding company, Silvergate Capital Corporation, has been terminated by the United States Federal Reserve. The institution was fined $43 million by the central bank’s Board of directors this […]
Revolut Finance Gets UK Banking License After Three Years Wait
Revolut Finance has achieved a milestone in its expansion by obtaining a UK banking license after a three-year regulatory process. After a three-year regulatory approval process, Revolut , a London-based fintech company, has successfully obtained a banking license in the United Kingdom. This significant milestone, announced on July 25, represents a critical juncture for the […]
Japanese Yen Sudden Surge Accelerates Sell Offs in Bitcoin, Gold
The liquidation of Bitcoin and Gold were intensified following the sudden surge in Japanese Yen on Thursday. Bitcoin and the broader cryptocurrency market were subjected to significant selling pressure earlier on Thursday, following a Wall Street correction on Wednesday and the global equity sell-off. The abrupt increase in the value of the Japanese Yen has […]