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SEC Chairman Gary Gensler Clarifies Stance on Bitcoin and Spot Bitcoin ETF Approvals

Introduction In the wake of the recent approval of spot bitcoin exchange-traded funds (ETFs), U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has issued a statement to clarify the regulator's stance on bitcoin and cryptocurrency. While approving spot bitcoin ETFs, Gensler emphasizes that this does not signify the SEC's endorsement of bitcoin or other […]

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U.S. Spot Bitcoin ETFs Generate $4.6 Billion in Trading Volume on Debut

The highly anticipated launch of U.S. spot bitcoin exchange-traded funds (ETFs) sparked a trading frenzy on their inaugural day of trading, accumulating a combined trading volume of $4.6 billion. Blackrock, the world's largest asset manager, made a strong debut with over $1 billion in trading volume for its Ishares Bitcoin Trust (IBIT). Fidelity Wise Origin

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Independent Nonprofit Organization Criticizes SEC Approval of Bitcoin ETFs

Introduction An independent nonprofit organization has expressed its disappointment and concern over the recent approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Better Markets, a nonprofit organization dedicated to promoting public interest in financial markets and the economy, argues that the approval has allowed for the mass marketing

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BlackRock CEO Larry Fink: Bitcoin is an Asset Class that Protects You

Shifting the Narrative: Bitcoin as a Protective Asset In a recent interview with CNBC, BlackRock CEO Larry Fink expressed a positive perspective on Bitcoin, stating that it "is an asset that protects you." Fink compared Bitcoin to gold, emphasizing its role as a safeguard against geopolitical risks and personal uncertainties. This recognition from the head

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BlackRock Introduces Spot Bitcoin ETF for Trading in Brazil

BlackRock, a prominent financial institution, is set to launch its spot Bitcoin exchange-traded fund (ETF) in Brazil on Friday. This move comes after the announcement that the Brazilian Depositary Receipts (BDRs) of BlackRock's iShares Bitcoin Trust ETF (IBIT39) will start trading on B3, Brazil's stock exchange. BlackRock's Vision for Digital Assets The President of BlackRock

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Vanguard Doubles Down on Anti-Bitcoin Stance, Blocks Access to Spot Bitcoin ETFs

Investing Giant Vanguard Blocks Access to Spot Bitcoin ETFs Investing giant Vanguard has reaffirmed its anti-bitcoin and anti-crypto policy by disallowing investors from accessing spot bitcoin exchange-traded funds (ETFs) that were recently approved by the U.S. Securities and Exchange Commission (SEC). Additionally, Vanguard has announced that it will no longer accept the purchase of cryptocurrency

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Unveiling Bitcoin Reserves: A Comprehensive Look at 6 New Spot Bitcoin ETFs

The Leading Bitcoin ETFs and Their Holdings Following the launch of the first spot bitcoin exchange-traded funds (ETFs) in the United States, data has emerged about the bitcoin holdings of these funds. Blackrock currently holds the largest amount of bitcoin among these funds, excluding Grayscale's GBTC. They possess an impressive 11,439 bitcoin. Additionally, both the

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Organizing Some Fractional Gold For The #FGF2024 Fractional Gold Challenge. Keep Stacking Fun!!

Self-DirectedGold IRAs are great as they allow you to make investments in gold and other precious metals and not have to work with middlemen. They are so simple that even your grandmother could manage it! When you buy physical silver, gold, palladium, platinum, rhodium coins, bars, rounds, and bullion, you’ll get instant liquidity. But if

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