The Senator pointed to the troubling manner in which the Securities and Exchange Commission issued its controversial staff accounting bulletin.
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- Global
Power-intensive crypto mining is controversial in Paraguay, where an attempt at crypto regulation was vetoed because of it.
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Franklin Templeton has recently updated its S-1 filing with the Securities and Exchange Commission (SEC) for its forthcoming Ethereum exchange-traded fund (ETF), announcing an impressively low management fee of 0.19%. This move places Franklin Templeton at the forefront of the competitive ETF space, particularly as the SEC tightens deadlines for issuers to finalize their submissions.
Amid growing interest and regulatory dialogue, the SEC has heightened its review process, expecting several revisions. This rigorous approach signifies the SEC’s commitment to ensuring a robust and secure market entry for Ethereum ETFs. Leading financial institutions like VanEck, BlackRock, and Fidelity have also joined the race, quickly updating their filings in response to the SEC’s guidelines.
Notably, the DTCC’s listing of ticker symbols for key players, including Franklin Templeton and its peers, heralds a significant development in the cryptocurrency investment landscape. This advancement is seen as a positive step toward mainstream adoption of Ethereum-based financial products, showcasing increased institutional confidence in the potential of crypto assets.
Welcome to the On the Margin Newsletter, brought to you by Ben Strack, Casey Wagner and Felix Jauvin. Here’s what you’ll find in today’s edition:
The latest movement in the ether ETF saga after initial SEC approvals, and what needs to happen before the products hit your brokerage account
A potential stand-off is brewing after Riot Platforms’ “hostile bid” to acquire Bitfarms
A look ahead at what Congress is up to and whether or not the new crypto bills will actually make it to the President’s desk
$19,925,658,064
That’s the assets under management in BlackRock’s iShares Bitcoin Trust (IBIT) as of Thursday, according to the fund giant’s website. That makes it…
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In a bold move to combat crypto scams, Iggy Azalea pledges to burn her own coins.
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The inclusion of staking in filings for Ether ETFs could have been an indication that regulators want to keep a back door open for future scrutiny.
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Howdy!
I hope your week has gone better than it has for the Minnesota Timberwolves. At least now they’ll be spared the trouble of losing in five games to the Celtics in the NBA Finals.
In this Friday edition, we’ll be zooming out from the week’s PayPal news to consider where Solana stands in the eyes of institutions — and their sweet, sweet liquidity.
Is this Solana’s institutional adoption moment?
PayPal launched its stablecoin on Solana this week while pledging to explore payment use cases on the network.
The news followed similar Solana interest shown in recent months by Stripe, Visa, and Shopify. That’s four integrations with payment giants in short succession —…
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Peter Brandt, a celebrated commodities trader with over five decades of experience, forecasts a significant ascent for Bitcoin against gold. Brandt, known for his accurate 2017 Bitcoin bull market prediction, now expects the bitcoin-to-gold ratio to soar to 100 ounces. Currently, purchasing one Bitcoin requires 29 ounces of gold, valued at $68,000. Should Brandt’s projection materialize, a single Bitcoin could be worth upwards of $234,000, marking a 230% increase.
This anticipated surge follows a potential consolidation period over the next 12 to 18 months. Brandt’s analysis, shared on social media, highlights Bitcoin’s historical performance, which has seen it gain over 375,000% against gold since its inception in 2009. This trend underscores Bitcoin’s growing appeal as a formidable alternative to traditional safe-haven assets.
The endorsement of US Bitcoin spot ETFs earlier this year further solidifies Bitcoin’s reputation as a reliable digital store of value. Brandt remains optimistic about Bitcoin’s potential, suggesting it will continue to dramatically outperform gold, drawing more institutional attention and investment into the crypto space.
Donald J. Trump is officially a criminal after being convicted for concealing a sex scandal with pornstar Stormy Daniels. Does U.S. law permit a criminal to become President?
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Brandt claimed that BTC’s price would fluctuate over the next 12 to 18 months before finally surging 230% against gold.
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