
April 28th, 2025
According to the filing, Coinbase will securely hold and manage the actual Bitcoin assets that underpin the ETF. The company has also confirmed that the Bitcoin ETF will be listed and traded on the Cboe BZX Exchange, Inc.
Bitcoin ETFs provide an easy way for investors to put their funds into the cryptocurrency market.
Bitwise is one of many financial firms that the SEC continues to delay when it comes to considering their spot Bitcoin BTC ETF applications.
The SEC has now postponed decisions on several spot BTC ETF applications, including ARK 21Shares, Valkyrie, WisdomTree, VanEck, and Bitwise.
The research also provides insights into the expected market share of ETFs and crypto hedge funds within the crypto ecosystem. It suggests that ETFs could capture a substantial 10% share of the market capitalization for BTC and ETH.
According to Arkham, Coinbase owns about 5% of all Bitcoin currently in existence, nearly as much as BTC creator Satoshi Nakamoto’s holdings.
According to Binance, the SEC lawsuit has no basis in the nation’s securities laws.
Ripple’s expansion plans come months after its partial victory in its ongoing legal battle with the US SEC.
The SEC enforcement chief stated that the agency’s interest in crypto goes much beyond the high-profile cases with a number of DeFi businesses on its radar.
The US SEC has reaffirmed its claims of undeniable ties between wallet provider Ceffu and Binance in its recent motion against BAM, the parent company of Binance.US.
The moves appear to be in line with a recent announcement by the US SEC.
The SEC has received approval to unseal several documents to further its Binance.US investigation and accused the company of noncooperation.
The bankrupt crypto lender Genesis announced that it would cease all of its crypto operations for spot and derivatives trading, for institutional players as well.
Binance.US has reduced its staff by nearly one-third which is the company’s second round of workforce reduction for the year 2023.
The SEC said Stoner Cats violated the Securities Act of 1933 by selling NFTs that qualify as investment contracts. Stoner Cats has agreed to a refund.