Grayscale CEO: Bitcoin ETFs Could Unlock $30T of Advised Wealth
Hacker of NFT Trader Returns NFTs For Bounty, EVM Gas and Private Lending Surge, FTX Files Plan To End Bankruptcy
Welcome to Coinfeeds Daily Digest! Federal Judge has approved Binance's $2.7 billion settlement with the CFTX, and the UK treasury is launching a sandbox for testing blockchain technology and simulating digital securities activity that the FCA and Bank of England are to oversee. Circle is issuing its new Solana-based and Euro-backed stablecoin EURC, Bitwise starts off the crypto ETF ad wars with the first commercial featuring the "Most Interesting Man in the World" Jonathan Goldsmith. In other ETF-related news, The SEC has delayed Grayscale and Hashdex's Ethereum ETF decisions to May, and BlackRock got an ETF ticker IBIT in its amended application. More below!
Grayscale CEO Says Bitcoin ETFs Could Unlock '$30 Trillion Worth of Advised Wealth'
Sonnenshein believes that the introduction of a spot Bitcoin ETF could unlock a staggering $30 trillion worth of advised wealth. This is because such an ETF would make it easier for financial advisors to include Bitcoin in their clients' portfolios, thereby potentially leading to a significant influx of new investments into the space. | Read More
SEC Delays Grayscale and Hashdex Ether ETF Decisions To May '24
The SEC's hesitation to approve these ETFs stems from a need for more public input and a careful review of the potential market implications. With the deadline for public comments set for about 21 days from the announcement, the SEC is allowing individuals and entities to voice their opinions on the matter. | Read More
Judge Approves Binance's $2.7B Settlement with CFTC
The court's decision mandates that CZ will pay a substantial sum of $150 million as part of the settlement. This amount is to be paid in installments, with an initial payment due within the next 30 days. On top of this, Binance is facing a hefty penalty of $1.35 billion to be paid to the CFTC. | Read More
Circle Issues Euro Stablecoin EURC on Solana
Circle's EURC is engineered to function as a regulated e-money token, adhering to the stringent regulatory framework expected under the European Union's upcoming digital asset regulations, known as the Markets in Crypto-Assets (MiCA). This move is aimed at streamlining on-chain forex transactions within Europe. | Read More
BlackRock's Bitcoin ETF Gets Ticker IBIT, Amends Application
A critical aspect of the amended filing is the new language concerning the creation and redemption mechanism of the fund. BlackRock has indicated a shift towards a cash redemption model, which is seen as more favorable by the SEC. The new ticker given, IBIT, represents a clear nod to Bitcoin. | Read More
UK Launches Digital Securities Sandbox
The financial landscape in the UK is poised for a significant transformation as the UK Treasury introduces a pioneering initiative known as the "digital securities sandbox" (DSS). This groundbreaking project is designed to serve as a testing ground for emerging technologies, especially blockchain. | Read More