First Trust Asset Manager Files for Bitcoin ‘Buffer ETF’ with SEC
First Trust, a financial services provider, is the most recent organization to file a Bitcoin buffer exchange-traded fund (ETF) to the SEC, aiming to help investors mitigate risks when dealing with Bitcoin. First Trust filed Form N1-A with the Securities and Exchange Commission (SEC) of the United States on December 14 to introduce the First […]
SEC Gives Binance 3-Month Deadline to Exit Philippines
The Philippine SEC has set a three-month timeline for Binance and other unregistered crypto exchanges to cease operations in the country, citing consumer protection and accountability concerns. The Philippine Securities and Exchange Commission (SEC) has announced that Binance and other unregulated crypto exchanges have three months to stop offering their services in the country or […]
Asset Manager BlackRock Receives $100K Seed Fund for Spot Bitcoin ETF
Asset manager BlackRock disclosed in its most recent filing with the US SEC that in October 2023, it obtained $100,000 in initial funding from an unidentified investor to support its spot Bitcoin exchange-traded fund (ETF). The agreement stipulated that the investor would acquire 4,000 shares of the Seed Creation Baskets on October 27, 2023, for […]
Robinhood Crypto Trading Volume Increases 75% in November
In November, the volume of digital assets and crypto trading on the Robinhood trading platform increased by 75% annually as opposed to levels in October 2023. Robinhood disclosed on December 4 in a Form 8-K filing with the United States Securities and Exchange Commission (SEC) that “November Crypto Notional Trading Volumes were approximately 75% higher […]
Ripple’s Legal Tactics Could Slash SEC’s $770M Claim
Ripple’s legal strategies, focusing on net profits and limiting the SEC’s jurisdiction, may significantly reduce the potential $770 million penalty in the ongoing lawsuit. Attorney Jeremy Hogan recently highlighted potential strategies Ripple could employ to significantly decrease the potential $770 million penalty sought by the SEC. On November 5, Hogan shared insights on social media […]