DCG Q1 Revenue Rises to $229 Million, Grayscale’s Remain Flat
Grayscale Investments, operator of GBTC Bitcoin ETF, recorded $156 million in Q1, with parent company DCG’s revenue rising 11% to $229 million. Digital Currency Group, the parent company of Grayscale Investments, has disclosed revenue growth for the first quarter of 2024. In January, following its conversion to a spot Bitcoin exchange-traded fund (ETF), Grayscale decided to […]
US SEC Delays Decision on 7RCC’s Spot Bitcoin ETF Application
7RCC Global asked to wait two more months for the SEC decision on its spot Bitcoin ETF application centered on carbon credits after the initial five-month wait. 7RCC Global has been informed that it must wait an additional two months before the United States Securities and Exchange Commission (SEC) decides on its spot Bitcoin ETF […]
Hong Kong BTC, ETH ETFs Attract Over $200M on First Day
Since the launch on April 30, Hong Kong spot Bitcoin and Ether exchange-traded funds (ETFs) have amassed over $200 million in total assets. Based on data furnished by Arkham Intelligence, the Bosera HashKey spot Bitcoin and Ether exchange-traded funds have amassed a combined sum of $71.94 million in assets under administration, consisting of 964 Bitcoin […]
Hong Kong Bitcoin ETF Success Hinges on Asian Crypto Users
Hong Kong Bitcoin ETFs would face competition from other jurisdictions such as Japan and South Korea. Bitcoin’s price lacks a catalyst ahead of launch. As planned, the eagerly anticipated spot Bitcoin ETFs will now be available on the Hong Kong market tomorrow, April 30. Leading asset managers in China, HashKey Capital, and Bosera, are presently […]
DTCC Says Bitcoin-Linked ETFs Offer Zero Loan Collateral Value
DTCC’s update on collateral values for some securities, particularly ETFs with Bitcoin or other cryptocurrencies as assets, stirs concerns in the financial industry. The financial services firm DTCC has made it clear that it will assign zero collateral to exchange-traded funds (ETFs) with exposure to Bitcoin or cryptocurrencies and will grant no loans against them. DTCC Dealing Bitcoin […]