Disgraced FTX founder Sam Bankman-Fried is fighting with FTX debtors over hundreds of millions of dollars worth of seized Robinhood shares. Court documents reveal that Bankman-Fried’s legal team says the shares are needed to fund the ex-billionaire’s defense while FTX debtors, such as crypto lender BlockFi, have filed a motion staking a claim to them […]
The post Sam Bankman-Fried Spars With FTX Debtors Over Seized Robinhood Shares Valued at Over $460,000,000 appeared first on The Daily Hodl.
Cathie Wood’s ARK Invest doesn’t give up on its buy-the-dip purchases, purchasing another $5.7 million worth of Coinbase shares.
Cathie Wood, veteran investor and CEO of ARK Invest, remains bullish on the cryptocurrency industry and centralized exchanges (CEX) despite the bear market and the crypto crisis.
Wood’s investment management firm ARK continues accumulating the stock of the major United States cryptocurrency exchange, Coinbase.
On Jan. 5, ARK purchased 144,463 Coinbase (COIN) shares for allocation by its financial technology-focused fund, ARK Fintech Innovation ETF (ARKF), according to a trade notification seen by Cointelegraph. At the time of writing, the purchase is worth $4.8 million, with COIN closing at $33.5 on Thursday.
On the same day, ARK also bought 27,813 COIN shares ($900,000) to be allocated to its internet technology-focused fund, ARK Next Generation Internet ETF (ARKW). Together, the funds have added a total of $5.7 million worth of Coinbase’s stock.
Launched in 2019, ARKF invests in equity securities of companies that ARK believes are transforming financial services and economic transactions to technology infrastructure platforms. Coinbase is one of the biggest holdings in the fund, accounting for 7.7% of its total assets.
Related: Grayscale ETH trust nears record 60% discount as nerves continue over DCG
ARKW is focused on equities of companies relevant to ARK’s investment theme of the next generation of the internet. ARKW is an older fund, starting operations in 2014. As of Jan. 5, Grayscale Bitcoin Trust and Coinbase are among the top 10 holdings by ARKW, accounting for 5.4% and 4.8% of its entire assets.
According to data from TradingView, both funds have lost more than 50% of value year-over-year, which comes in line with the ongoing crypto bear market.
While ARK’s funds dropped about 50%, the Coinbase stock plummeted about 87% since last year. ARK's latest COIN stock purchases mark another bullish move by the company as the ARK has been actively buying the dip before. In November 2022, ARK bought $12.1 million in Coinbase shares despite turbulent markets triggered by the FTX collapse. As of late November, ARK’s total COIN stake almost reached all-time highs, or 8.7 million.
Both stocks and gold are leading the way when it comes to new year gains, but can Bitcoin match them?
Bitcoin (BTC) volatility is declining on schedule but BTC price action could still “play catch up” with gold this year.
The latest data and analysis show that despite sideways moves in Bitcoin, the largest cryptocurrency is behaving as expected.
With traders frustrated by a lack of tangible moves on BTC/USD, volatility is under the microscope at the start of 2023.
For analytics resource Ecoinometrics, however, there is nothing to worry about — Bitcoin is becoming more stable with time, and this is a feature, not a bug.
In Twitter comments on Jan. 2, it stated that “so far the pattern of less extreme volatile events as Bitcoin matures is confirmed.”
An accompanying chart of Bitcoin average one-month realized volatility distribution came with a description of BTC being “deep in a bear market.”
The data showed volatility ebbing at identical points in every four-year halving cycle, making 2022 firmly fit the trend of volatility decreasing more in each bear market year.
Ecoinometrics nonetheless noted that volatility is not yet at record lows, contrary to data from newer sources such as the Bitcoin historical volatility index (BVOL).
In terms of triggers which could upend the status quo in volatility, investors may not need to look far.
Related: US will see new ‘inflation spike’ — 5 things to know in Bitcoin this week
In addition to the return of TradFi volume on Jan. 3, analysts are eyeing a potential game of cat and mouse between BTC/USD and gold.
“2023 will be one of the best yet for precious metals imo, will Bitcoin play catch up?” popular Twitter account Tedtalksmacro queried this week.
Comparing the two assets shows the impact of the FTX meltdown in November enduring for Bitcoin, while gold has seen a comparative renaissance. Until then, the two were in lockstep, data from Cointelegraph Markets Pro and TradingView shows.
Stocks may also provide a quicker boost to BTC price performance, with United States futures trending up before the year’s first Wall Street session, copying the 1-2% gains in Europe from the day prior.
“Bitcoin looks ready for continuation, but always difficult to call when U.S. opens up tomorrow,” Michaël van de Poppe, founder and CEO of trading firm Eight, predicted at the time:
“I’d be chasing the $16,6K area if you’re not in a position. Targets; $17-17,1K.”
The views, thoughts and opinions expressed here are the authors’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
All members of Congress are already required to report most investments in stocks and cryptocurrency, but many have pointed to potential conflicts of interest.
Many United States lawmakers from both sides of the aisle have at one point expressed support for legislation banning members from investing in stocks or cryptocurrencies — an initiative the 118th Congress could address following a shift in leadership.
Beginning on Jan. 3 as the next session of the U.S. Congress opens, Republicans will take control of the House of Representatives with a slim majority following the 2022 Midterms, while Democrats will maintain a majority in the Senate. Kevin McCarthy, a Republican representative in contention to be the next speaker of the House, reportedly said in January 2022 that he would consider an outright ban on lawmakers holding and trading stocks — a measure that presumably could extend to crypto — should his party flip the chamber.
It’s unclear at the time of publication whether McCarthy has the votes to assume leadership of the House — a process that will likely begin starting Jan. 3. However, many have pointed to elected officials being allowed to trade and hold certain assets while in office as a potential conflict of interest.
Members of Congress should not own or trade individual stocks. And neither should their spouses.
— Elizabeth Warren (@SenWarren) January 2, 2023
In the 117th session of Congress, 77 lawmakers reportedly violated disclosure requirements under the Stop Trading on Congressional Knowledge Act, or STOCK Act, first passed in 2012. These violations included delayed reporting of allowable trades, but members were still permitted to handle legislation on matters that could have been influenced by their own investments.
For example, pro-crypto Senator Cynthia Lummis, who sits on the Senate Agriculture Committee and oversees hearings concerning the Commodity Futures Trading Commission, has disclosed investments in Bitcoin (BTC) — recognized as a commodity by the financial regulator. Senator Pat Toomey, ranking member of the Senate Banking Committee, also previously reported purchases of Ether (ETH) and BTC, but he will be retiring as of 2023.
Kevin McCarthy promised if Republicans took over the House, he would act on a stock trading ban. But he’s gone silent.
— More Perfect Union (@MorePerfectUS) December 28, 2022
A group of 5 House Rs say they can't support McCarthy because he’s not trustworthy.
McCarthy’s Speaker bid is in peril. House members will vote next Tues. pic.twitter.com/dMOrOyeD7I
Financial ties between U.S. lawmakers and industry leaders were at the forefront of major controversies in the crypto space in 2022. Executives at crypto exchange FTX, including former CEO Sam Bankman-Fried, made contributions to politicians and campaigns for both Republicans and Democrats — a move that had many in the industry questioning lawmakers’ objectivity in hearings aimed at investigating the firm’s collapse.
Related: Alexandria Ocasio-Cortez says US lawmakers shouldn't hold crypto to 'remain impartial'
Zoe Lofgren, chair of the Committee on House Administration, introduced a framework in September aimed at lawmakers changing the STOCK Act to prohibit both members of Congress and the Supreme Court — as well as their spouses and dependent children — “from trading stock or holding investments in securities, commodities, futures, cryptocurrency, and other similar investments.” There was no movement in the proposed policy change in 2022, but the Federal Open Market Committee approved similar rules banning senior officials at the Federal Reserve from purchasing and holding crypto.
A taste of BTC price volatility returns as United States stocks begin trading in the run-up to the yearly close.
Bitcoin (BTC) saw a fresh hint of volatility at the Dec. 27 Wall Street open as United States equities began the final trading week of the year.
Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it dropped around 1% at the opening bell.
Despite involving a move of only $150, the event was still noticeable on lower timeframes, Bitcoin having shunned any form of volatility for multiple days.
The move came in response to a 0.6% drop in the S&P 500 at the open, with the Nasdaq Composite Index dropping 1.4%.
The U.S. Dollar Index (DXY) responded in kind, making up for ground lost earlier to return to its position from Dec. 25.
With BTC moves still comparatively muted, analysts’ attention focused on potential catalysts, with BNB (BNB) still a source of concern amid ongoing “FUD” over its issuer, the largest global crypto exchange, Binance.
“The biggest risk to the Crypto market is BNB,” Matthew Hyland reiterated on Dec. 26.
“It currently has $38.4 Billion Market Cap. Potentially could see $20+ Billion wiped out if support doesn’t hold. How much of it is being used as user collateral to support other coins? A BNB breakdown would carry over elsewhere.”
BNB/USD still traded above the $240 mark on the day, this featuring as an important line in the sand for bulls to maintain.
Outside crypto, news that China would end COVID-19 quarantine for international arrivals from Jan. 8 failed to have a significant impact on risk asset performance.
Elsewhere, worries still focused on Bitcoin miners, with opinions diverging over the impact of current price action on their activities.
Related: Bitcoin hodlers sit on record 8M BTC in unrealized loss, data shows
Analyzing the popular hash ribbons metric, Charles Edwards, CEO of asset manager Capriole, had a stark warning.
“This is by far the most brutal Bitcoin miner capitulation since 2016 and possibly ever,” he declared.
“Hash Ribbons capitulation has captured the lowest Bitcoin hash rate reading of 2022 as miners bankrupt and default under the great pressure of squeezed margins globally.”
As Cointelegraph reported, in the opposite camp, former BitMEX CEO Arthur Hayes previously dismissed miner problems as a significant potential source of contagion for BTC price action.
Even if they were to sell their reserves en masse on the open market, he claimed earlier in December, it would be something of a drop in the ocean in terms of supply versus demand.
The views, thoughts and opinions expressed here are the authors’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
Social media giant Twitter is adding Bitcoin (BTC) and Ethereum (ETH) price charts to its search function. In a new thread, Twitter says it’s rolling out a new feature dubbed “$Cashtags,” which also includes price charts for other assets, such as stocks and exchange-traded funds (ETFs). The addition will grant users access to an asset’s […]
The post Twitter Adds Bitcoin (BTC) and Ethereum (ETH) Price Charts To Search Function in Latest Push for Adoption appeared first on The Daily Hodl.
CoinShares’ stock was previously listed on the Nasdaq First North Growth Market, an alternative stock exchange for small and medium-sized companies.
Major cryptocurrency investment firm CoinShares has debuted trading on Nasdaq Stockholm, the primary securities exchange of the Nordic countries.
CoinShares officially announced on Dec. 19, the first day of trading on Nasdaq Stockholm’s main market, with CoinShares’ stock starting trading on the exchange under the ticker CS.
The latest trading debut marks a change of listing venue for CoinShares’ stocks. Previously, CS shares were traded on the Nasdaq First North Growth Market, an alternative stock exchange for small and medium-sized companies in Europe. CoinShares first went public by listing its shares on the Nasdaq First North Growth Market in March 2021.
According to the latest announcement, there is no offering or issuance of new shares in connection with the CoinShares’ shares being admitted to trading on Nasdaq Stockholm.
“Shareholders of CoinShares do not need to take any action in connection with the change of listing venue,” the company noted.
According to CoinShares CEO Jean-Marie Mognetti, the change in trading venue aims to emphasize the company’s commitment to developing the firm into the “leading full-service digital asset investment and trading group.” He stated:
“We believe the change in listing venue will allow us to benefit from increased visibility and investor exposure while supporting our ambition to grow our market share.”
Nasdaq’s head of European listings Adam Kostyál expressed confidence in the “increased opportunities” of the uplisting. “We look forward to seeing the company’s further growth and development supported by increased investor visibility and international exposure within the cryptofinance community,” Kostyál added.
CoinShares’ initial public offering was conducted in March 2021 at a fixed price of 44.9 Swedish kronor (SEK), or $5.3 per share. According to data from TradingView, CS stock surged to an all-time high of 115 SEK, or $11, in April 2021 and has been gradually decreasing since.
Related: Nasdaq warns Bitcoin mining firm Bitfarms about share price deficiency
At the time of writing, CS shares trade at 21 SEK ($2), down about 2% since the trading debut on Nasdaq Stockholm.
CoinShares’ change of trading venue comes amid the ongoing cryptocurrency market crisis triggered by the failure of the FTX crypto exchange.
As previously reported, CoinShares has not been significantly impacted by the FTX contagion due to the company’s limited exposure to the FTX exchange. CoinShares said that its overall exposure to FTX amounted to $31.5 million, assuring that the firm’s financials remain strong.
BTC price hovers in a tight range, but Bitcoin analysts are predicting a grim end to the year for risk asset holders.
Bitcoin (BTC) starts the week before Christmas with a whimper as a tight trading range gives BTC bulls little cheer.
A weekly close just above $16,700 means BTC/USD remains without major volatility amid a lack of overall market direction.
Having seen erratic trading behavior around the latest United States macroeconomic data print, the pair has since returned to an all-too-familiar status quo. What could change it?
That is the question on every analyst’s lips as markets limp into Christmas with little to offer.
The reality is tough for the average Bitcoin hodler — BTC is trading below where it was two years and even five years ago. “FUD” is hardly in short supply thanks to FTX fallout and concerns over Binance.
At the same time, there are signs that miners are recovering, while on-chain indicators are signalling that the time is right for a classic macro price bottom.
Will Bitcoin disappoint further into the new year, or will bulls get the Santa rally they so desperately need? Cointelegraph takes a look at the factors behind upcoming BTC price action.
Closing out the week at just under $16,750, Bitcoin escaped without a fresh bout of volatility on Dec. 18.
Even that which accompanied U.S. inflation data and Federal Reserve commentary was short lived, and BTC/USD has since returned to an arguably frustrating status quo.
Data from Cointelegraph Markets Pro and TradingView proves the point — since the FTX scandal erupted in early November, Bitcoin has seen hardly any noticeable price movements at all.
For market commentators, the question is thus what it will take for things to take a different turn, up or down.
Eyeing Fibonacci retracement levels on the weekly chart, analytics resource Stockmoney Lizards ventured that BTC/USD was at “key support.”
Should the area around $16,800 begin to disappear, the next one is at around $12,500.
Another chart from the weekend compared what it called “final washouts” for Bitcoin during past bear markets. This reinforced the idea that BTC/USD may be almost done “copying” previous macro bottoming structures.
Others believe that the worst is yet to come for the current cycle. Among them is popular trader and analyst Crypto Tony, who is among those targeting a low potentially around $10,000.
“So in 2023 I am expecting BTC to begin to form a bottoming pattern at the lower boundaries of the range we currently sit in, along with the volume support around $11,000 - $9,000,” he reiterated in a Twitter thread this weekend.
“Whether we capitulate or a slow grind down is to be seen.”
He added that the “accumulation stage” following mass capitulation would only come further on in 2023, as Bitcoin gears up for its next block subsidy halving event.
After last week’s drama courtesy of inflation data and the Fed, it is safe to say that the coming week will provide somewhat less pressure for Bitcoiners.
That said, U.S. third quarter gross domestic product (GDP) growth is due, this estimated to flip positive after Q2 saw a 0.9% retraction.
This is significant, as at the Q2 print, the U.S. technically fell into a recession, despite the best efforts of politicians to deny that the financial picture was as dire as the data implied.
As market investor Ajay Bagga notes, however, an overly strong GDP reversal would give the Fed license to continue aggressive interest rate hikes to tame inflation — something unwelcome for risk assets across the board, including crypto.
“US Atlanta Fed US GDPNow model estimate for real US GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2022 is 3.2 % on December 9, down from 3.4 % on December 6,” he wrote in an update last week.
“Very strong US GDP reading from a mostly accurate estimator. Fed will hike and continue hiking.”
Beyond GDP, the personal consumption expenditures price index (PCE) is also due, a measure which the Fed keenly eyes when taking policy changes into account.
In its latest market update on Dec. 17, trading firm QCP Capital likewise drew attention the PCE impact.
“Thanks to the Fed, whatever we're trading now, we're just trading inflation (and wage) prints,” it summarized.
QCP nonetheless had a word of warning for risk asset markets, this coming in the form of a leg down for everyone, crypto included, in the near future.
“As we've been writing, this Q4 rally has set up the perfect 4th wave, with a final 5th wave lower incoming for all markets - S&P/Nasdaq, 2yr/10yr, USD and BTC/ETH,” it stated.
Crypto Tony shared that sentiment, predicting what he called an “impulse low” across stocks indices before a bounce back.
“I was looking for a push up to create a double top around 4320, but we failed to get there and dumped prior,” analysis of S&P 500 performance read.
“Same picture here where I am looking for another impulse low to complete the WXY pattern I am seeing.”
Where FTX began, Binance is now following.
That is the overriding impression from a sweep of crypto media at the start of the week, with Binance firmly on the radar as it battles what CEO Changpeng Zhao has repeatedly called “FUD.”
The world’s largest crypto exchange by volume has encountered a backlash from the media and users alike in recent weeks as its attempts to prove its reserves fails to convince.
As Cointelegraph reported, among the latest events is Binance’s auditor deleting its complementary findings about the exchange’s financial promises.
Reuters, a report from which Binance publicly rebuffed, has meanwhile given way to a slew of further misgivings, among them a blog post claiming suspicious activity between Binance and its U.S. counterpart, Binance U.S.
“These findings neatly dovetail with the previous reports by Forbes and Reuters indicating that Binance.US was a clever trick designed to fool regulators and customers,” the post, from an entity calling itself Dirty Bubble Media, concludes.
“However, with the collapse of FTX everyone is taking a closer look at the crypto industry. We doubt that Binance’s regulatory Tai Chi will allow them to evade the long arm of the law for much longer.”
Zhao meanwhile continues to give no time to any form of accusations, on Dec. 17 reiterating his “FUD” perspective. He subsequently retweeted words from Ryan Selkis, founder of analytics platform Messari, in which he stated that there was a “xenophobia” element to Binance criticism.
“A good chunk of Binance FUD is just thinly veiled xenophobia,” Selkis wrote over two tweets.
“I’m all for the stress test on deposits and think it’s bad that such a high percentage of volumes runs through a single exchange. I also don’t love the tone of some of the critiques. Sorry!”
Nonetheless, Binance remains one of the top potential BTC price triggers, as Cointelegraph noted last week.
After its biggest decrease in nearly 18 months, Bitcoin’s network difficulty is due to start rising again this week.
According to estimates from BTC.com, the next bi-weekly difficulty readjustment will see an increase of around 3.8%.
This has implications for miners, who have experienced considerable upheaval in the weeks since FTX sent BTC/USD down by up to 25%.
With profits squeezed, concerns began to appear that miners were due another major capitulation event, and that they would withdraw from their activities en masse.
As Cointelegraph recently reported, however, not everyone agrees — the latest interpretations of the data have led to the conclusion that the majority of acclimatizing has already taken place.
With difficulty due to rise again, this theory remains a valid observation, as rising difficulty implies steeper competition among miners, rather than a retreat.
Data from on-chain analytics firm Glassnode additionally shows the 30-day decrease in miners’ BTC holdings retracing as selling cools.
Analyzing miners’ overall share of the BTC supply, meanwhile, journalist Colin Wu argued that their position was not necessarily significant.
“It is estimated that Bitcoin miners currently hold a maximum of 820,000 Bitcoins, a minimum of 120,000 Bitcoins, only 1% to 4% of the Bitcoin circulation, even if listed mining companies sell production in June this year 350%, the impact has also weakened,” part of Twitter comments read over the weekend.
It is no secret that cold feet is the name of the game when it comes to crypto sentiment this quarter.
Related: Bitcoin still lacks this on-chain signal for BTC bull market — David Puell
Thanks to FTX and now Binance, there is a distinct sense of doom hanging over social media, and price action across crypto assets has yet to paint a different picture.
That said, the Crypto Fear & Greed Index is performing markedly better than expected, still sitting above its lowest “extreme greed” bracket.
At 29/100, it could even be said that the Index is somewhat out of touch with the mood.
For Crypto Tony, however, that will be short lived, with the Index returning to this year’s lows of just 6/100 in 2023.
“When we are in extreme fear, it is seen as a good buy zone. If we are in extreme greed, it is a sell zone. Basing off human psychology,” part of comments explained.
“Back in June we hit 6 ‼️ I expect us to revisit that next year.”
Fear & Greed exited “extreme fear” at the end of November, and has yet to return, hitting a high of 31 on Dec. 15 — its best performance since Nov. 8.
The views, thoughts and opinions expressed here are the authors’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
BTC price retraced the entirety of its intraday gains after Fed chair Jerome Powell issued hawkish statements in relation to today’s 0.50% interest rate hike.
On Dec. 14, Bitcoin (BTC) price hit a 1-month high and saw a brief resurgence in bullish momentum, but the Federal Reserve’s Federal Open Market Committee (FOMC) hawkish report and comments from Fed chair Jerome Powell sent BTC to an intraday low at $17,659.
Stocks and Bitcoin started the day slightly up but quickly retracted on the FOMC report. To date, Bitcoin price remains closely correlated to equities and a majority of investors have concerns about the impact of further rate increases in the future.
While the Consumer Price Index (CPI) report showed easing inflation at 7.1%, Powell still wants to reach 2% overall inflation. Inflation has been a determining factor in raising interest rates and the current 0.5% hike had consensus amongst FOMC participants. The Fed members also agree that rate hikes should continue in 2023.
During the Dec. 14 press conference, Powell stated:
“We may see higher rates for a longer period to achieve the 2% inflation goal”
This hawkish tone, combined with the FOMC survey shows interest rates will continue to rise for the foreseeable future.
The short-lived Bitcoin rally ahead of Powell’s speech correlated to the price action seen across other risk assets. After the FOMC and Powell’s speech, these assets continued to retrace and some analysts see the recent dip as a metric to buy more Bitcoin.
Late longs to the current rally could also be at risk of liquidation if BTC price continues to retrace. According to derivatives data, Bitcoin open interest shows 60.16% of traders are long.
Currently, the market is digesting the views expressed by the FOMC and Powell, so a spike in short-term volatility is not abnormal. Investors should keep an eye on the next few daily closes to see whether Bitcoin’s macro trend has changed.
The views, thoughts and opinions expressed here are the authors’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Eight individuals promoted deceptive demand for stocks via Twitter, Discord and YouTube to sell their shares at a high point.
The United States Securities Exchange Commission (SEC) filed a claim against eight individuals associated with Atlas Trading, a Discord-based forum. The forum’s co-founders, affiliated podcasters and Youtubers are being alleged of stock manipulation.
The claim was filed with the U.S. District Court Southern District of Texas on Dec. 13. The regulator accuses the defendants of violating Section 17(a) of the Securities Act and Section 10(b) of the Securities Exchange Act.
According to the SEC, bloggers made no less than $100 million by acquiring substantial positions in some securities, recommending those stocks to their followers and then selling their shares into the demand that their “deceptive promotions” generated. Alzamend Neuro, Torchlight Energy Resources and ABVC companies were cited as examples of fraudulent stock promotion. No cryptocurrencies or other digital assets were mentioned in the complaint.
The list of defendants includes Edward Constantin (aka “MrZackMorris), a co-founder of Atlas Trading; the “CEO” of the same forum, Perry Matlock; the authors of a YouTube channel “Goblin Gang,” Thomas Cooperman and Gary Deel; the hosts of the “Pennies: Going in Raw” podcast, Mitchell Hennessey and Daniel Knight; the founder of Sapphire Trading forum, John Rybarcyzk; and a Twitter influencer Stefan Hrvatin ( aka “LadeBackk”).
Related: Saying ‘not financial advice’ won’t keep you out of jail — Crypto lawyers
While Constantin, Matlock, Cooperman, Deel, Hennessey, Hrvatin, and Rybarcyzk are qualified as “primary defendants” by the plaintiff, Knight was allegedly “aiding and abetting” them. The Commission seeks a permanent injunction for defenders to restrain from engaging in any practices of the type alleged in the complaint, which could effectively mean giving advice on stock trading.
The SEC has been busy recently, charging the former FTX CEO Sam Bankman-Fried, of defrauding U.S. customers and concealing the diversion of customers’ funds, and taking further steps to stop Grayscale Investments’ efforts to launch a Bitcoin exchange-traded fund (ETF).
