SEC approves Grayscale Bitcoin Mini Trust for Trading on NYSE Arca

July 26, 2024 Coin Telegraph

bitcoin etf

Grayscale must await final regulatory signoff on its registration filing before listing the fund

The United States Securities and Exchange Commission (SEC) approved Grayscale’s newest spot Bitcoin (BTC) exchange-traded fund (ETF) — Grayscale Bitcoin Mini Trust (BTC) — for listing on the New York Stock Exchange’s (NYSE) Arca electronic trading platform, according to a July 26 filing.

The approval is an important milestone for Grayscale, which announced plans on July 19 to spin off a portion of its flagship Bitcoin fund, Grayscale Bitcoin Trust (GBTC), into the new Mini Trust.

“Grayscale is excited to share that the [SEC] has approved NYES Arca's Form 19b-4 application to list and trade shares of Grayscale Bitcoin Mini Trust (proposed ticker: BTC),” a spokesperson told Cointelegraph in an email.

Bitcoin to Reach K in 2024 and 3K by 2030, Finder Survey Predicts

Bitcoin to Reach $87K in 2024 and $383K by 2030, Finder Survey Predicts

Ledger Releases New Touchscreen Hardware Crypto Wallet

July 26, 2024 The Daily Hodl

crypto

A prominent crypto firm is launching a new crypto hardware wallet with touchscreen capabilities. In a new announcement on the social media platform X, Ledger says that it is releasing a new product in its line of crypto wallets equipped with touchscreens. “Ledger Flex is here. Alongside Ledger Stax, Ledger Flex is the latest addition […]

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Bitcoin to Reach $87K in 2024 and $383K by 2030, Finder Survey Predicts

Bitcoin Could See More Upside After Bouncing From Major Support Zone, According to Trader – Here Are His Targets

July 26, 2024 The Daily Hodl

Altcoins

A widely followed crypto analyst says that Bitcoin (BTC) could have further upside after rebounding off a major support zone. In a new strategy session, crypto trader Rekt Capital tells his 483,300 followers on the social media platform X that the crypto king could shoot up past $71,000 over the Labor Day weekend. “Bitcoin successfully […]

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Bitcoin to Reach $87K in 2024 and $383K by 2030, Finder Survey Predicts

‘We’re in a Memecoin Supercycle’: Analyst Says Dogecoin Primed To Explode by up to 1,510% – But There’s a Catch

July 26, 2024 The Daily Hodl

Altcoins

Dogecoin (DOGE) could hit a new all-time high during the current cycle, according to a widely followed cryptocurrency analyst and trader. The analyst pseudonymously known as Kaleo tells his 642,600 followers on the social media platform X that Dogecoin is mimicking price action and that the largest memecoin by market cap could skyrocket by between […]

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Bitcoin to Reach $87K in 2024 and $383K by 2030, Finder Survey Predicts

Crypto Analyst Says Top Ethereum Rival Could Skyrocket by 900%, Outlines Path Forward for Bitcoin and Dogecoin

July 25, 2024 The Daily Hodl

Ali Martine

A widely followed crypto analyst says that one smart contract platform could see massive gains while updating his outlook on Bitcoin (BTC) and Dogecoin (DOGE). In a new strategy session, crypto trader Ali Martinez tells his 68,2000 followers on the social media platform X that Ethereum (ETH) competitor Solana (SOL) has the potential to skyrocket […]

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Bitcoin to Reach $87K in 2024 and $383K by 2030, Finder Survey Predicts

VanEck says Bitcoin could hit $2.9 million per coin by 2050

July 25, 2024 Coin Telegraph

VanEck says Bitcoin could hit .9 million per coin by 2050

Analysis

Bitcoin Layer-2s could be collectively worth around $7.6 trillion, the report added.

Investment manager VanEck foresees Bitcoin (BTC) potentially hitting $61 trillion in total market capitalization — or some $2.9 million per coin — in 2050 as a result of massive demand for the decentralized currency as collateral for trade settlement and a reserve for central banks, according to a July 24 report.

“It is conceivable that by 2050 Bitcoin could be used to settle 10% of the globe’s international trade and 5% of the world’s domestic trade,” VanEck said in the report. “This scenario would result in central banks holding 2.5% of their assets in BTC.”

VanEck adds that scaling solutions for Bitcoin’s blockchain network — Bitcoin Layer-2s — could collectively be worth approximately $7.6 trillion, or around 12% of BTC’s total value.

Bitcoin to Reach $87K in 2024 and $383K by 2030, Finder Survey Predicts

Fireblocks launches Web3 startup toolkit amid a surge in new ventures

July 25, 2024 Coin Telegraph

Coin Telegraph

The number of startups using the Web3 platform has already increased by some 50%, according to Fireblocks.

Fireblocks, the Web3 infrastructure platform, launched a suite of tools specifically designed for startups amid a proliferation of early-stage blockchain ventures, according to a July 25 press release.

The toolkit — Fireblocks for Startups — is designed to help startups quickly build and launch Web3 products and includes solutions for treasury management, self-custody, private key storage, and secure digital asset transfers, the company said.

“The short history of crypto shows that successful projects — whether crypto exchanges, DeFi bridges, or NFT platforms — go through periods of hypergrowth during market upswings, with development teams focused solely on maintaining front-end stability while neglecting security in the process,” Idan Ofrat, Co-founder & Chief Product Officer of Fireblocks, said in a statement.

Bitcoin to Reach $87K in 2024 and $383K by 2030, Finder Survey Predicts

Circle Developers Build Wallet Platform That Supports Email and Social-Based Logins

July 24, 2024 The Daily Hodl

Altcoins

The team behind the second-largest stablecoin by market cap is building a crypto wallet platform that supports email and social media-based logins. In a new announcement on the social media platform X, developers at USDC issuer Circle say their latest product would allow users to authorize crypto transactions via email, social log-ins, or PIN codes. […]

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Bitcoin to Reach $87K in 2024 and $383K by 2030, Finder Survey Predicts

Privacy-Centric Email Service Protonmail Releases New Native Bitcoin Wallet

July 24, 2024 The Daily Hodl

Bitcoin

Prominent privacy-focused email platform Protonmail is releasing its very own native Bitcoin (BTC) wallet. In a new thread on the social media platform X, the encrypted email provider announces the launch of its new crypto wallet allowing users to send BTC via email. “Today we’re launching Proton Wallet, an open-source, end-to-end (ETE)-encrypted, and self-custodial Bitcoin […]

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Bitcoin to Reach $87K in 2024 and $383K by 2030, Finder Survey Predicts

US Bitcoin ETFs See $78M Outflow, Breaking 12-Day Inflow Streak

July 24, 2024 Bitcoin.com

US Bitcoin ETFs See M Outflow, Breaking 12-Day Inflow Streak

Ark Invest

U.S. spot bitcoin exchange-traded funds (ETFs) experienced a downturn on Tuesday, with $77.97 million exiting, breaking a streak of 12 consecutive days of inflows. In contrast, the newly launched spot ether ETF counterparts performed better. 3 Bitcoin ETFs Record Outflows as Blackrock’s IBIT Gains $71M Following 12 consecutive days of inflows and a record influx […]

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