Transaction URL: https://whale-alert.io/transaction/solana/6XM7NPy7bcBRjhXckuAfe5ew4fr33rKuELVfZdfgvq1nRzjGbvLQCjVg8RqkXdUBaKFSHLGom1miWv9cW2kbjfh
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Swedish asset manager Virtune has expanded its crypto offerings by launching a new Bitcoin ETP. This product provides Finnish investors direct 1:1 exposure to Bitcoin currently valued at $98,392. The launch on Nasdaq Helsinki marks a significant milestone as it introduces Finnish investors to new investment avenues in the thriving cryptocurrency market.
The Bitcoin ETP began trading on February 5 alongside other crypto-related exchange-traded products including those for Avalanche and Cardano. Virtune’s initiative follows their recent rollout of five diverse crypto ETPs enhancing options for both institutional and retail investors.
Secured in cold storage through Coinbase Virtune’s robust security measures ensure investor confidence. CEO Christopher Kock emphasizes the launch addresses the growing demand among Finnish investors for reliable and accessible cryptocurrency investment products.
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About two weeks after the SEC formed a crypto task force, unit leader Hester Peirce checked in.
The rough message: We’re working on a bunch of things, but please be patient.
Peirce (no surprise) criticized the previous path taken by the SEC. It “incessantly slammed on the enforcement brakes as it lurched along a meandering route with a destination not discernible to anyone.”
Further, its handling of crypto “has been marked by legal imprecision and commercial impracticality” (in case you didn’t already know how Peirce felt).
It’ll take time to “disentangle…
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Congress has been busy (by its standards, at least) on the crypto front.
First, David Sacks — the country’s first AI and crypto “czar”— hosted an inaugural press conference, during which he declared a commitment to keeping digital asset innovation in the US.
House and Senate Committee leadership also took this opportunity to unveil a new bicameral crypto working group. If this sounds like a committee of committees, it’s because that’s pretty much exactly what it is.
Meanwhile, Sen. Bill Hagerty introduced a new stablecoin bill. The language is pretty similar to…
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Crypto analyst Michaёl van de Poppe urges investors to hold their crypto assets, emphasizing that Bitcoin BTC/USD is fairly valued while altcoins remain heavily undervalued.
What Happened: Van de Poppe highlighted on Wednesday on X that the crypto market is currently experiencing one of the most extreme bearish sentiments in its history, following a prolonged period of capitulation.
Many altcoin investors have suffered major losses over the past 6-12 months, but he believes the tide is turning.
Despite market skepticism, Bitcoin breaking past $150,000 is a realistic scenario, with many underestimating the potential for exponential growth.
The fear of diminishing returns,…
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