Crypto News LIVE Updates: If spot Bitcoin ETFs get the nod from the SEC, they will trade at an 8% premium to their net asset value, according to Reggie Brown, Head of ETF Trading at market maker GST.
The remarks came as would-be Bitcoin ETF issuers, including the likes of BlackRock, Valkyrie, VanEck, and Fidelity, among others, filed amended S-1 applications with the US securities watchdog, in hopes of receiving approval to launch their spot Bitcoin products.
Meanwhile, the US commodities watchdog, CFTC, has released a report, outlining the emerging risks associated with digital assets, especially within the decentralized finance (DeFi) space. One of the major concerns, the report states, is the lack of accountability within the DeFi sector, which poses risks to consumers, investors, and financial stability.
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04:36:28 PM IST, 9 January 2024
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03:21:21 PM IST, 9 January 2024
Crypto News LIVE: Singapore Regulator Places imToken and BKEX on Alert List
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02:54:41 PM IST, 9 January 2024
Crypto News LIVE: SEC Chair Could Still Take U-Turn on Spot Bitcoin ETFs
The SEC was quick to comment on the amended S-1 applications submitted by would-be spot Bitcoin ETF issuers. The move has the crypto industry on the edge, with Perianne Boring, president and founder of the Chamber of Digital Commerce, saying the SEC Chair Gary Gensler could come up with another way to reject spot Bitcoin products.
02:37:13 PM IST, 9 January 2024
Crypto News LIVE: What’s Next For SEI After 20% Price Surge?
SEI, the native token of Layer-1 blockchain Sei, made a tremendous comeback, surging 20% over the last 24 hours to $0.75. The token has appreciated a whopping 170% in the last 30 days.
02:11:41 PM IST, 9 January 2024
Crypto News LIVE: Shiba Inu (SHIB) Burn Rate Spikes 900% Amid Price Rally
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01:34:06 PM IST, 9 January 2024
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01:03:22 PM IST, 9 January 2024
Crypto News LIVE: Spot Bitcoin ETFs Could See 8% Premium
With investors keenly awaiting the SEC’s decision on spot Bitcoin ETFs, Reggie Brown — Head of ETF Trading at GST — said he expects spot Bitcoin products, if approved, to trade at a 8% premium to its net asset value. Furthermore, Brown said it would be difficult to keep ETF prices in equilibrium with underlying Bitcoin holdings, given the SEC’s reluctance to permit direct spot Bitcoin trading by broker-dealers.
12:42:51 PM IST, 9 January 2024
Crypto News LIVE: DeFi Poses Mounting Risk To Financial Stability, Warns CFTC
the US commodities watchdog, CFTC, has released a report, outlining the emerging risks associated with digital assets, especially within the decentralized finance (DeFi) space. One of the major concerns, the report states, is the lack of…
Read More: Spot Bitcoin ETFs To Go Premium, CFTC Issues Stark Warning About DeFi