Bitcoin sheds $50 billion in market capitalization after fake SEC ETF approval rattles market
Bitcoin sheds $50 billion in market capitalization after fake SEC ETF approval rattles marketTraders speculating on digital asset prices lost nearly $220 million during the past day.
Happy Wednesday!The global crypto market cap is $1.7 trillion, with a 24-hour volume of $91.93 billion. The price of Bitcoin is $45,395.44, and BTC market dominance is 52.5%. The price of Ethereum is $2,414.69, and ETH market dominance is 17.1%. The best-performing sector is Liquid Staking, which gained 14%. The Crypto Fear & Greed Index is currently Greed (73). Top News
Bitcoin sheds $50 billion in market capitalization after fake SEC ETF approval rattles marketTraders speculating on digital asset prices lost nearly $220 million during the past day. SEC announces Twitter account was compromised and ETFs have not been approvedGary Gensler announced on Twitter the SEC account was compromised and the ETFs have NOT been approved yet. Blackrock drops ETF fee to just 0.12% for first $5B in assets, 0.25% ongoingBlackrock looks to offer one of the lowest fee among providers. Latest Insights
More NewsWisdomTree and Valkyrie add fee waivers to spot Bitcoin ETF applicationsSix applicants now plan to temporarily waive their sponsor's fees. Elon Musk’s X platform to introduce peer-to-peer paymentsThe social media platform further revealed intentions to use AI to improve its users' experience. Valkyrie executive 95% confident in Wednesday spot Bitcoin ETF approvalValkyrie CIO and co-founder Steven McClurg expects approval on Jan. 10. SEC faces congressional scrutiny after social media account hack exposes weak securitySocial media platform X said the SEC account was compromised because it lacked vital security measures. UK crypto investors warned of tax return penalties ahead of January deadlineFailure to submit the assessment promptly can incur a fixed penalty of £100, irrespective of tax liabilities.
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Dissenting SEC commissioner says agency approved spot Bitcoin ETPs, not ETFs
Friday, January 12, 2024
SEC commissioner clarifies recently approved Bitcoin products are ETPs, not ETFs, amid potential investor confusion.
SEC lists eight updated 19b-4 filings as spot Bitcoin ETF process nears deadline
Tuesday, January 9, 2024
SEC updates filing notices for eight aspiring spot Bitcoin ETFs, addressing market size and manipulation concerns.
Blackrock to charge 0.2% for first $5B, Ark to waive fee for for first $1B in assets into ETF
Monday, January 8, 2024
Blackrock, Ark, WisdomTree, Invesco all submit new spot Bitcoin ETF filings within minutes
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