![]() ![]() The SEC is facing a looming deadline of August 13 to approve, deny or delay a bitcoin ETF application by 21Shares and Ark Invest after it was added to the Federal Register in May and was already once delayed by the SEC in June. ![]() As well as the $13 billion GBTC, Grayscale also manages a $6 billion ethereum fund and funds for various smaller cryptocurrencies. regulators to convert its Grayscale Bitcoin Trust (GBTC) fund, which holds bitcoin on behalf of investors who want exposure to the bitcoin price without having to buy and hold it themselves, to an ETF. ![]() "Now he says, ‘Hey, this is going to be a global currency.’ People around the world all trust it."įor years, Grayscale has been battling with U.S. "Larry was a nonbeliever," Novogratz said. Orange pill is when you take a non-believer and you make them a believer in bitcoin,” Novogratz told Bloomberg.Įarlier this month, Fink, who shocked the world when he announced his surprise crypto flip, has said he expects crypto to "transcend" traditional currencies, including the U.S. We will also take any action necessary to convert GBTC to an ETF," Salm said.Ġ7/31 update: Mike Novogratz, the chief executive of crypto financial services company Galaxy Digital and an outspoken bitcoin bull, has called BlackRock chief executive Larry Fink's flip to become a bitcoin supporter "the most important thing that happened" to bitcoin this year that will kick off a fresh "adoption cycle. "Grayscale continues to support any effort that enables investors to access the crypto ecosystem, and we applaud all progress that brings more oversight to centralized crypto markets. Combined, the Wall Street giants look after some $15.5 trillion worth of assets on behalf of clients. The bitcoin, ethereum, XRP and crypto market was rocked by a flurry of bitcoin spot ETF applications last month, led by the world's largest asset manager BlackRock and followed by Fidelity, Valkyrie, VanEck and WisdomTree. "We believe that for the benefit of bitcoin, the market, and investors, all spot bitcoin ETF applications should be approved simultaneously," Craig Salm, chief legal officer at Digital Currency Group (DCG)-owned Grayscale, wrote in a blog post. ![]() bitcoin, ethereum, XRP and other cryptocurrencies have soared. With the help of Reddit, the site became an instant hit.The crypto market has rebounded this year, somewhat catching traders off-guard as the price of. Software engineers Billy Markus and Jackson Palmer launched the satirical cryptocurrency as a way to make fun of Bitcoin and the many other cryptocurrencies boasting grand plans to take over the world. As of 2021, it is the sleeve sponsor of Watford Football Club.ĭ promotes the currency as the "fun and friendly Internet currency", referencing its origins as a "joke". It was introduced on December 6, 2013, and quickly developed its own online community, reaching a peak market capitalization of over US$85 billion on May 5, 2021. Dogecoin features the face of the Shiba Inu dog from the "doge" meme as its logo and namesake. Despite its satirical nature, some consider it a legitimate investment prospect. It is considered both the first "meme coin", and more specifically the first "dog coin". Dogecoin is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a "joke", making fun of the wild speculation in cryptocurrencies at the time. ![]()
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