27 March 2024 | FXGT.com
Crypto News Catchup
- The Securities and Exchange Commission (SEC) has deferred its decision on the approval of Grayscale’s Ethereum Futures Exchange-Traded Fund (ETF) until the end of May. This delay indicates a further review period as the SEC examines the proposal more closely. The outcome of this decision is highly anticipated as it could significantly impact the regulatory landscape for cryptocurrency investments.
- Last week, global cryptocurrency funds experienced record net outflows, nearly reaching $1 billion, marking a significant shift after seven consecutive weeks of inflows totaling $12.3 billion. Notably, the outflows primarily stemmed from U.S.-based funds, including significant withdrawals from Grayscale’s products.
- MicroStrategy, under the leadership of Michael Saylor, has expanded its Bitcoin holdings by purchasing an additional 9,245 bitcoins for $623 million. This acquisition, funded by convertible debt offerings and excess cash, brings the company’s total Bitcoin inventory to approximately 214,246 units. This sizeable investment underscores MicroStrategy’s commitment to Bitcoin, representing over 1% of the total bitcoins that will ever be available.
- The London Stock Exchange (LSE) has announced it will inaugurate a marketplace for Bitcoin and Ether exchange-traded notes (ETNs) on May 28. This move follows the Financial Conduct Authority’s (FCA) decision earlier in March to permit Recognized Investment Exchanges to list such ETNs, targeting professional investors. This development is part of broader efforts by U.K. regulators to foster a more crypto-friendly environment in the country.
- BlackRock, in collaboration with Securitize, has launched a new fund focused on the tokenization of real-world assets, signalling its further entry into digital asset management. This strategic move aligns with BlackRock’s ongoing interest in blockchain technology and asset tokenization.
Help us improve this article.
Submit additional feedback
Disclaimer: Any material and information included herein are intended for general marketing purposes only and does not constitute investment advice or recommendation nor an invitation to acquire any financial instrument and/or be involved in any financial transaction. The investor is solely responsible for the risk of his investment decisions and if considers appropriate, he should seek relevant independent professional advice before making any decision. The analyses and comments presented do not include any consideration of your personal investment objectives, financial circumstances or needs. Please read full Non-Independent Investment Research Disclaimer
here.
Risk Disclosure: CFDs are complex instruments and carry a high level of risk of losing money. Read full Risk Disclosure
here .
