Argentinian Futures and Options Exchange Readies Bitcoin Index Move

Argentina’s Futures and Options Exchange says it is taking “tentative crypto steps” – and could be set to follow the American bitcoin (BTC) exchange-traded fund (ETF) rush.

$40,000,000,000 Public Pension Fund To Invest In Bitcoin-Related Products: Report

One of South Korea’s largest pension funds, the Korea Teachers Credit Fund (KTCU), is planning to invest in various Bitcoin (BTC) exchange-traded funds (ETFs).

DCG’s $1B Pledge and an SEC Filing Kindle Fresh Speculation on ‘Grayscale Discount’

The so-called Grayscale discount has narrowed since the world's largest bitcoin trust filed to convert to a bitcoin exchange-traded fund.

Ethereum competitor Near launches $800M developer fund as DeFi competition heats up

Total value locked across all decentralized finance projects topped $247 billion on Monday.

Crypto Fund Inflows Hit Record $1.5B as Bitcoin Futures ETFs Go Live

CoinShares says the record amount put into digital-asset investment products by investors was fueled by the bitcoin's price rally to a new all-time high and the debut of new bitcoin futures exchange-traded funds.

Announcing the HUMAN Grants Program: $10 Million to Fund the Next Wave of HUMAN Protocol Solutions

PRESS RELEASE. The MetaHUMAN Foundation has announced a grants program to support a new generation of projects looking to adopt and build on top of HUMAN Protocol.

Sino Global Capital Launches $200M Fund Backed by FTX

The fund will focus on Solana and Ethereum projects in Asia and specifically India.

Competing Bitcoin ETFs Gear Up For 'Brutal Fee War'

With more Bitcoin futures ETFs launching in the United States, fund operators’ fees for these instruments are taking center stage.

Hedge Fund Billionaire Paul Tudor Jones Says Gold Losing the Race Against Crypto As Inflation Hedge

Hedge fund billionaire Paul Tudor Jones says that crypto is currently his preferred way of hedging against inflation.

This is why Russia is not ready to allow Bitcoin ETF trading

After the financial regulator in the United States approved the first Bitcoin futures exchange-traded fund [ETF], it put invariable pressure on other countries too to consider different crypto productThe post This is why Russia is not ready to allow Bitcoin ETF trading appeared first on AMBCrypto.

Bank of Russia Not Ready to Allow Bitcoin ETF Trading, Governor Says

Central Bank of Russia isn’t prepared to admit a bitcoin exchange-traded fund (ETF) to the market, the head of the regulator, Elvira Nabiullina, told Russian media.

Bitcoin Bull ARK Invest Yet To Buy the Top Crypto Asset’s ETF – Here’s Why

The founder of ARK Invest is unveiling that the investment firm did not buy the ProShares Bitcoin (BTC) exchange-traded fund (ETF) that was launched earlier this week.

What to expect from Polkadot's price action before parachain auctions go live

Gavid Wood recently indicated that the DOT treasury currently has 18.9 Million tokens (amounting to $836.9 Million at press time) ready to spend on development of the ecosystem. The fund's revelatiThe post What to expect from Polkadot's price action before parachain auctions go live appeared first on AMBCrypto.

What has been standing in the way of a pure-Bitcoin ETF?

With regulators slowly starting to come to terms with Bitcoin as an asset, how could this affect the present and future views of BTC ETFs? With regulatory bodies rumored to soon accept a pure Bitcoin (BTC)-backed exchange-traded fund, it is important to understand the journey of some of the first crypto-based ETFs that have recently been approved by government agencies.The United States Securities and Exchange Commission approved a Bitcoin-adjacent ETF, giving investors the opportunity to gain exposure to Bitcoin through the stock markets, and the most recent acceptance was that of the ProShares Bitcoin Strategy ETF, which started trading on NYSE Arca on Oct.

Valkyrie’s Bitcoin Strategy ETF Debut Listing Drops Over 4% — Proshares ETF Slides 3.5%

On Friday, the Valkyrie Bitcoin Strategy Exchange-Traded Fund (ETF) launched on Nasdaq under the ticker BTF and dropped in value not too long after the ETF first came out of the gate.

Valkyrie Bitcoin futures-linked ETF launches on Nasdaq, with share prices dropping 3% in first hour

While the price of Bitcoin rose above $63,000 during the launch of ProShares' Bitcoin Strategy ETF, it dipped under the price level today to hit the $61,000s. The second Bitcoin (BTC) futures-linked exchange-traded fund in the United States began trading on the Nasdaq, opening at a price of $25.52 per share.According to the Nasdaq, digital asset manager Valkyrie’s Bitcoin Strategy ETF, the second exchange-traded fund allowing US investors direct exposure to cryptocurrency futures, opened at a price of $25.52 per share of BTF before dropping 3.3% to reach $24.66 at the time of publication.

Why a Bitcoin Futures ETF Is Bad for Investors

The Securities and Exchange Commission (SEC) greenlighting a futures-based exchange-traded fund for bitcoin has been a boon to holders of the cryptocurrency this week, with bitcoin hitting all-time highs just shy of $67,000 on news of the ETF’s clearance.

Valkyrie Bitcoin Futures ETF Starts Trading, Joining Fray

The new ETF follows the launch earlier this week of the ProShares Bitcoin Strategy Fund (BITO), giving stock investors a way to bet on bitcoin after years of waiting by the crypto industry.

Second US Bitcoin Futures ETF Launching Today – Here Are the Details

A new Bitcoin (BTC) futures exchange-traded fund (ETFs) rolls out today.

First Bitcoin ETF in Immediate Danger of Hitting Cap on Contracts Held

The first bitcoin (BTC) futures-backed exchange-traded fund (ETF), ProShares’ BITO, is reportedly already in danger of breaching a limit on the number of futures contracts it is allowed to hold under current Chicago Mercantile Exchange (CME) rules....Read More: First Bitcoin ETF in Immediate Danger of Hitting Cap on Contracts Held

US Houston Firefighter’s Pension Fund Invests $25 Million in Bitcoin and Ethereum

The Houston Firefighters' Relief and Retirement Fund, which manages nearly $5.5 billion in assets, announced that it has invested in cryptocurrencies.

Too popular: Bitcoin futures ETF in danger of hitting upper limit for contracts

Unprecedented demand for the ProShares futures fund could result in longer contracts that may stray from Bitcoin prices.

BTC, ETH Jump to New Highs after Bitcoin ETF Launch - What's Next?

Optimism in the crypto world is sky-high that the Securities and Exchange Commission (SEC) okayed the first US Bitcoin futures exchange-traded fund.

BTC, ETH Jump to New Highs after Bitcoin ETF Launch - What's Next?

Optimism in the crypto world is sky-high that the Securities and Exchange Commission (SEC) okayed the first US Bitcoin futures exchange-traded fund.

BTC, ETH Jump to New Highs after Bitcoin ETF Launch - What's Next?

Optimism in the crypto world is sky-high that the Securities and Exchange Commission (SEC) okayed the first US Bitcoin futures exchange-traded fund.

BTC, ETH Jump to New Highs after Bitcoin ETF Launch - What's Next?

Optimism in the crypto world is sky-high that the Securities and Exchange Commission (SEC) okayed the first US Bitcoin futures exchange-traded fund.

US Public Pension Fund for Firefighters Adds Bitcoin and Ether Worth $25 Million to Portfolio

The $5.5 billion pension fund for the US city of Houston’s firefighters has announced an investment in bitcoin and ether.

Houston Firefighter’s Pension Fund Bought $25M Worth of Bitcoin and Ethereum

Institutions have resumed their appetite for bitcoin and ether, with the latest making a sizeable purchase being a Houston-based pension fund.

BTC, ETH Jump to New Highs after Bitcoin ETF Launch – What’s Next?

Optimism in the crypto world is sky-high that the Securities and Exchange Commission (SEC) okayed the first US Bitcoin futures exchange-traded fund.

What I Learned About Crypto Regulation From a Week in DC

WASHINGTON – Within a 36-hour period, the first bitcoin futures exchange-traded fund (ETF) began trading, the underlying cryptocurrency hit a new all-time high and federal lawmakers dusted off their 2019-era concerns about the Facebook-linked stablecoin project Diem.I spent most of DC Fintech Week in the US capital to reconnect with people I haven’t seen in two years and put faces to folks I’ve emailed during the coronavirus pandemic but never actually met.

Here's What You Need to Know About the Bitcoin Futures ETF

Only a day after the first-ever US-based bitcoin exchange-traded fund (ETF) went live on the NYSE Arca exchange, the price of bitcoin (BTC) rallied to a new all-time high.

Bitcoin ETF Could Spur $50,000,000,000 in Demand in Its First Year, According to Research Firm Fundstrat

An analyst at Fundstrat Global Advisors says that a new Bitcoin (BTC) exchange-traded fund (ETF) could bring in as much as $50 billion in its first year and further drive up the price of the benchmark cryptocurrency.

Valkyrie Bitcoin futures ETF to launch on Nasdaq on Oct. 22

Valkyrie’s Bitcoin futures ETF will go live on Nasdaq just a few days after ProShares debuted a similar product on NYSE. Valkyrie’s Bitcoin (BTC) futures-based exchange-traded fund (ETF) is poised to follow the launch of ProShares’ Bitcoin Strategy ETF on Friday.Valkyrie Bitcoin Strategy ETF is finally effective and is set to start trading on Nasdaq under the ticker BTF on Friday, Valkyrie confirmed to Cointelegraph on Thursday.The launch comes after the United States Securities and Exchange Commission granted a notice of effectiveness to Valkyrie Bitcoin Strategy ETF on Thursday.According to Leah Wald, CEO of Valkyrie Funds, the upcoming launch of Valkyrie’s Bitcoin futures ETF marks an important milestone in the relationship between the cryptocurrency industry and US regulators.“This launch is important because it’s further affirmation that US regulators want to collaborate with the industry to regulate crypto assets rather than ban them,” she said.“The more products that come to market, the more awareness they bring and, hopefully, more adoption.

Bitcoin futures ETFs: Good, but not quite there

With a Bitcoin futures exchange-traded fund, getting exposure to the world’s largest cryptocurrency will be easier than ever. The odds of the United States Securities and Exchange Commission (SEC) approving a Bitcoin (BTC) exchange-traded fund (ETF) before a physical Bitcoin ETF are higher than ever, courtesy of Chairman Gary Gensler’s now oft-repeated preference for the former.But here’s the issue: an ETF built around crypto futures isn’t the most efficient, economical or easiest route.

Pension fund for Texas firefighters reportedly allocates $25M to Bitcoin and Ether

The fund is responsible for the benefits of more than 6,600 active and retired firefighters as well as surviving family members. The pension fund for firefighters in Houston has allocated part of its $4 billion portfolio towards crypto.According to an Oct.

Houston Firefighters Pension Fund Makes Bitcoin, Ether Purchase

A pension fund for firefighters in Houston has made a purchase in bitcoin and ether facilitated by bitcoin investment firm NYDIG.

Andreessen Horowitz Invests in New Meta4 NFT Fund

A16z is the lead investor in Meta4’s new fund, which will invest in rare digital art and collectibles such as the Bored Ape Yacht Club.

Crypto Giant Grayscale Officially Files To Convert Nearly $40 Billion Bitcoin Trust Into an ETF

Digital currency asset manager Grayscale Investments is announcing plans to convert its Bitcoin (BTC) trust into an exchange-traded fund (ETF).

Sources Say Valkyrie Bitcoin Strategy ETF Set to Launch on Nasdaq This Week

After the Proshares Bitcoin Strategy exchange-traded fund (ETF) listed and smashed records in the first two days of trading, Vaneck’s bitcoin futures ETF was given the green light to start trading next week.

JPMorgan says inflation concerns, not ETFs, driving Bitcoin price jump

JPMorgan strategists say that interest in the newly launching BITO Bitcoin ETF could cool after a week or so. Bitcoin (BTC) broke its all-time high price level following the launch of ProShares’ Bitcoin Strategy exchange-traded fund (BITO) on Tuesday, but JPMorgan Chase strategists believe the key driver behind the price jump is investor concern over inflation.The BITO launch, which saw the highest ever first-day natural volume for an ETF, is “unlikely to trigger a new phase of significantly more fresh capital entering Bitcoin,” JPMorgan strategists said in a note.

Another One: Valkyrie Bitcoin Strategy ETF to Commence Trading on Friday

Another futures-backed Bitcoin exchange-traded fund (ETF) is set to begin trading on Friday.

Bitcoin futures ETF hits $1B AUM in a record-breaking two days

The ProShares Bitcoin ETF has beaten an 18-year-old record for the fastest fund to a billion-dollar AUM.

Billionaire Paul Tudor Jones Now Prefers Crypto Over Gold as Inflation Hedge

Billionaire hedge fund manager Paul Tudor Jones says that bitcoin is currently “winning the race against gold.” He added that the cryptocurrency is his preferred inflation hedge over gold.

Ark Invest founder Cathie Wood passed on buying the first Bitcoin Futures ETF

She cited an investigation into tax ramifications as one of Ark Invest’s reasons for withholding for now. Ark Invest founder and CEO Cathie Wood did not invest in the ProShares Bitcoin Strategy Exchange Traded Fund, or ETF, on opening day, according to Business Insider. Wood said about the ETF’s debut:“No, we did not [invest].

Bitcoin Smashes Through All-Time High Surpassing $66,000 per Unit

The spot price of bitcoin smashed through the leading crypto asset’s all-time high (ATH) surpassing $66,000 per unit after the first bitcoin exchange-traded fund (ETF) was launched in the United States.

Valkyrie Secures Go-Ahead for Bitcoin Futures ETF

The crypto-native fund manager is the third to clear all regulatory hurdles, after earlier approvals for ProShares and VanEck.

Vaneck Bitcoin Futures ETF Gets Green Light from SEC — Fund to Join Proshares BTC ETF Listing on NYSE

The wealth manager Vaneck will be launching its bitcoin futures exchange-traded fund (ETF) in the United States following the Proshares ETF listing that launched on Tuesday.

Malta financial watchdog approves Iconic's crypto index fund for stock market listing

Iconic Funds claims its index fund will be Europe’s first with direct exposure to crypto assets listed on a regulated market. The Malta Financial Services Authority has greenlit the crypto asset index fund from asset manager Iconic Funds for listing on the Malta Stock Exchange.In an Wednesday announcement, Iconic Funds said it expected to list its BITA20 XA Crypto Asset Index Fund on the exchange “in the coming days,” with the fund offering direct exposure to cryptocurrencies.

Bitcoin is Winning the Race Against Gold: Paul Tudor Jones

Billionaire hedge fund manager Paul Tudor Jones said Bitcoin is his preferred inflation hedge over gold right now. 

SEC Clears VanEck to Launch Bitcoin Futures ETF Next Week

The investment firm will be the second Bitcoin Futures exchange-traded fund to kick-off trading on the NYSE.

Crypto Asset Manager Bitwise Launches Polygon (MATIC) Fund

The leading digital asset manager with over $1.3 billion in AUM has launched a Fund for Polygon's MATIC.

VanEck Bitcoin Strategy ETF will likely launch next week as crypto prices reach ATHs

The asset manager could be the first to follow ProShares, which listed its Bitcoin Strategy ETF on the New York Stock Exchange on Monday. The United States Securities and Exchange Commission has likely approved asset manager VanEck’s Bitcoin Strategy exchange-traded fund, with trading expected to begin on Oct.

Bitwise Launches Polygon Fund for Ethereum-Scaling Exposure

Cryptocurrency index fund manager Bitwise Asset Management formed a Polygon fund to give investors exposure to the layer 2′s native MATIC token.

Bitcoin Hits New All-Time High Above $65K on Strength of ETF Debut

The latest rally appears fueled by the successful debut on Thursday of the first US bitcoin futures exchange-traded fund.

Bitcoin Futures ETF Becomes Second-Biggest Launch of All Time With Nearly $1,000,000,000 Worth of Volume on First Day

ProShares’ Bitcoin futures exchange-traded fund (ETF) is exploding onto the market with the second-biggest ETF launch of all time.

Metaverse Backer Animoca Brands Raises $65M at $2.2B Valuation

Animoca Brands, a prominent investor in non-fungible tokens (NFTs) and decentralized gaming, has completed a capital raise of $65 million at a $2.2 billion valuation, the company announced Wednesday.Investors in the round include Liberty City Ventures, Ubisoft Entertainment, Sequoia China, Dragonfly Capital, Com2uS, Kingsway Capital, 10T, Token Bay Capital, Smile Group, Tess Ventures and MSA Capital.The new capital will be used to fund strategic investments and acquisitions, product development and licenses for popular intellectual property, the company said in a press release.Animoca Brands completed a $138.88 million raise back in July, and the company’s valuation has now more than doubled since its funding round of $88 million in May, which valued the company at $1 billion.Read more: Animoca Completes Funding Round, Gets an Extra $50M From Coinbase, SamsungAfter hitting home runs on its early investments in companies like Axie Infinity, Dapper Labs and OpenSea, the company’s portfolio now includes more than 100 NFT-related ventures, it said in a press release.Two recent investments include Genopets, a project that introduces “move-to-earn” to the GameFi lexicon, and reNFT, a company creating lending protocols for NFTs with rentable use cases.Animoca Chairman Yat Siu sees a bright future for decentralized gaming based on blockchain technology.“NFTs are really a digital store of culture.

Bitcoin Futures ETF Exceeds Expectations, Trades $1 Billion On Day One

The numbers are in, and the Bitcoin Futures ETF had the biggest debut of the year.

First Bitcoin Futures ETF Generates $1 Billion in Trade Volume on First Day

The ProShares Bitcoin Strategy ETF saw massive trading volumes on its opening day making it the second-highest traded fund ever.

Galaxy Interactive raises another $325M fund aimed at Metaverse and next gen games

The venture capital firm will fund companies in the interactive sector that combine content, finance and tech.

Gary Gensler Explains Why SEC Approves a Bitcoin Futures ETF

SEC Chairman Gary Gensler has shared why the US Securities and Exchange Commission (SEC) decided to approve a bitcoin futures exchange-traded fund (ETF) to trade on the NYSE.

Multicoin Capital to Raise $250M for Third Crypto Fund: Report

Multicoin Capital, an investment firm focused on cryptocurrency and blockchain companies, is planning to raise a $250 million for a third crypto-focused venture fund, according to an article by The Information.The Austin, Tex.-based company intends to complete the raise by the end of 2021, according to the story, which cited fundraising materials that the publication had seen.The initiative comes less than six months after Multicoin Capital raised $100 million for its second crypto venture fund.It is the latest in a series of large funds that major venture capital firms have created this year or are in the process of raising to focus on cryptocurrency and blockchain projects.

Proshares Bitcoin Strategy ETF Debut Captures Close to $1 Billion in Volume

The first bitcoin exchange-traded fund (ETF) launched in the United States and smashed records on Tuesday, capturing close to $1 billion in total volume.

Chimeras Play-to-Earn Metaverse Completes Successful Funding Round

PRESS RELEASE. Chimeras successfully raised over $2 million in its latest fundraising round, which will help to fund the play-to-earn project’s market and product development.

What to Make of the First Bitcoin Futures ETF Launch

A bitcoin futures exchange-traded fund (ETF) launched Tuesday morning – and saw strong demand from investors.This indicates some amount of market maturity and acceptance from regulators at the US Securities and Exchange Commission (SEC), but also raises new questions about whether the format of the product is appropriate for investors and when a physical ETF may go live.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government.

ETF approval drives Bitcoin towards all-time high at $65K – Crypto Weekly Roundup, October 18, 2021

New eToro additions Polkadot and Solana lead altcoin rally with double-digit gains  Bitcoin has soared above $60K, getting tantalizingly close to all-time highs on reports that the first Bitcoin futures exchange-traded fund (ETF) has been approved by the US Securities and Exchange Commission (SEC).

Buyer Beware: Extreme Greed Is Back In Bitcoin And Crypto

Bitcoin rallies as the first Exchange Traded Fund (ETF) launched by ProShares debuted in the NYSE.

Bitcoin Hits 6-Month High as First Bitcoin Futures ETF ‘BITO’ Starts Trading

Bitcoin’s price surged Tuesday to a six-month high, climbing past $63,000 as ProShares’ much anticipated exchange-traded fund (ETF) began trading on the New York Stock Exchange (NYSE).

Melanion Capital Bitcoin ETF to launch on Euronext Paris on Oct. 22

French financial regulator AMF officially approved Melanion Capital’s Bitcoin-linked ETF product in August. Concurrent to the United States finally launching its first Bitcoin (BTC) futures-based exchange-traded fund (ETF) Tuesday, France inches closer to a major Bitcoin-related ETF launch.Paris-based alternative investment firm Melanion Capital is preparing to launch its Bitcoin-linked ETF product already this Friday, the firm’s CEO Jad Comair announced to Cointelegraph on Monday.Called “Melanion BTC Equities Universe UCITS ETF,” the Bitcoin ETF will start trading on France’s primary stock exchange, Euronext Paris, at 7 am UTC.The product will be listed under the ticker symbol BTC FP, providing investors with Bitcoin exposure through a diversified basket of equities correlated to the daily price movements of Bitcoin."It is traded on the Paris stock exchange, therefore eligible to all investors, and we're in the process of listing it all over Europe," Comair said, adding that there is a strong demand for Bitcoin-related products in the region.

Buy the rumor... buy the news? BTC price passes $63K as US Bitcoin ETF launches

Bitcoin reaches $63,000 as Grayscale Bitcoin Trust announces it will convert its $40 billion fund into a Bitcoin spot ETF. Bitcoin (BTC) hit $63,000 on Oct.

ProShares Bitcoin-linked ETF launches on NYSE as BTC price rises above $63K

The price of Bitcoin rose to a five-month high of $63,293 following shares of ProShares’ ETF opening for trading. The first Bitcoin (BTC) futures-linked exchange-traded fund in the United States began trading on the New York Stock Exchange, opening at a price of $40 per share.According to the New York Stock Exchange, ProShares’ Bitcoin Strategy ETF, the first exchange-traded fund allowing US investors direct exposure to cryptocurrency futures, opened at a price of $40 per share of BITO before rising 3.8% to reach $41.54 at the time of publication.

First Bitcoin ETF Opens Up, CME Futures Spike Higher

The first exchange-traded fund (ETF) backed by bitcoin (BTC) futures contracts went live today on the NYSE Arca exchange.

‘League of Legends’ Vets Launch $90M Gaming Seed Fund

The fund will invest heavily in Web 3.0 projects and tokens.

VC Firms Variant Fund, Atelier Ventures Merge to Focus on the ‘Ownership Economy’

The combined firm is launching a $110 million first-check fund to invest in user-owned products and services.

Andreessen Horowitz Vets Launch $110M Crypto 'Ownership' Fund

Variant, which has backed the likes of Uniswap and Mirror, is launching a new fund dedicated to projects that harness the ownership incentive of tokens.

Riot Games Vets Raise $90M for Patron, a 'Spectrum of Play' Web 3 Fund

A new investment fund bets that the convergence of Web 3 and gaming will accelerate.

Galaxy Digital’s Entertainment Arm Raises $325M Fund for NFT, Gaming Bets

Galaxy Digital re-stocked its crypto-culture war chest earlier this year with a $325 million venture fund focused on digital entertainment.The fund, from Galaxy Interactive, which scouts gaming and arts startups for Mike Novogratz’s crypto conglomerate, has been investing in projects such as Art Blocks for months now, General Partner Sam Englebardt told CoinDesk.“What would you invest in if you believe that the younger generations, in particular, are moving en masse from the physical to the digital world?’” Englebardt said in an interview, noting that Galaxy Interactive has showered $150 million on projects accordingly.If non-fungible tokens (NFTs) and other crypto tech are to form the backbone of this coming metaverse, then Galaxy wants its share of the spine.

Bitcoin adoption won’t affect IMF talks, says El Salvador’s top central banker

The country’s central bank chief does not see the recent Bitcoin adoption move hampering plans to secure an IMF loan. Douglas Rodriguez, president of the Central Reserve Bank of El Salvador, has dismissed fears that the country adopting Bitcoin (BTC) as legal tender will scupper plans for a $1.3-billion loan facility from the International Monetary Fund (IMF).According to Bloomberg on Tuesday, Rodriguez stated that the central bank does not see any risks associated with the Bitcoin Law even as it prepares to secure an extended loan facility from the IMF.Indeed, the central bank described El Salvador’s Bitcoin Law as only having “upside risks,” with Rodriguez stating that a BTC bull run could help the country’s economy expand by over 9% more than initial forecasts.According to Rodriguez, the central bank has explained to the IMF that “Bitcoin is simply a payment method.”As previously reported by Cointelegraph, El Salvador’s government says Bitcoin acceptance continues to grow with people selling more United States dollars to buy BTC.Uncertainty over the fate of the IMF talks, as well as the recent BTC adoption as legal tender, has seemingly had a significant effect on the country’s credit rating.El Salvador’s bonds declined sharply in September following “Bitcoin Day” in the country, putting even more significance on the outcome of the IMF loan deal.Related: El Salvador removes BTC price feed from Chivo app to crack down on arbitrage scalpersAccording to central bank figures, with El Salvador’s external debt rising to $18.45 billion in Q2 2021, securing the IMF loan facility could be crucial to ensuring access to the global market in 2022.IMF officials have criticized El Salvador’s Bitcoin adoption, calling the move “an inadvisable shortcut” that could have dire consequences for the country.Critics of the move from the mainstream finance sector have pointed to volatility and money laundering as among the likely sy

Polkadot-based privacy project Manta Network raises $5.5M

Manta Network will use newly raised funds to further scale DeFi use cases by boosting blockchain privacy. Manta Network, a privacy layer project for the Polkadot ecosystem, has completed a new funding round to continue scaling decentralized finance (DeFi) use cases by boosting blockchain privacy.Announced Tuesday, Manta Network’s latest $5.5-million funding round included participation from more than 30 venture funds, including crypto hedge fund CoinFund and alternative investment firm ParaFi Capital.Other investors included Web 3.

Crypto Giant Galaxy Raises $325M for 'Content and Technology' Fund

Galaxy Interactive has raised a massive new fund to invest in crypto projects at the intersection of finance and tech.

Bitcoin Equilibrium Price Likely to Top $168,000 Following ETF Approval, FSInsight Says

Bitcoin will extend gains following the approval of the first bitcoin futures exchange-traded fund (ETF) in the US, FSInsight says.

Polkadot unveils $770M development fund ahead of parachain auctions

Polkadot’s Gavin Wood has announced a more than $770 million development fund just weeks before the network’s parachain auctions are set to go live. Polkadot (DOT) founder Gavin Wood has unveiled a $777 million development fund ahead of the network’s parachain lease auctions.

Analysts predict Valkyrie will launch Bitcoin Futures ETF this week

Bloomberg ETF analysts are predicting Valkyrie’s futures-based Bitcoin ETF will commence trading this week. Commentators are predicting that a second futures-based Bitcoin exchange-traded fund (ETF) will go live by the end of the week following the launch of ProShares’ Bitcoin Strategy ETF later today.On Oct.

Blockchain ‘Blank Check’ SPAC Announces $100M IPO to Fund Business Combinations

BMAC’s CEO Enzo Villani told CoinDesk via email on Monday the next step was to “find the right target for the SPAC and execute a merger.”

Grayscale Confirms Plan to Convert GBTC Into Bitcoin ETF

Grayscale Investments has confirmed its plan to file for its bitcoin trust (GBTC) to be converted into a bitcoin exchange-traded fund (ETF).

Invesco Drops Efforts to Launch Bitcoin Futures ETF

Would-be bitcoin exchange-traded fund (ETF) issuer Invesco is pulling out of the race to issue a bitcoin futures product.The company said Monday that it would no longer attempt to launch an ETF linked to bitcoin futures, a day before a competing product by fellow issuer ProShares begins trading.The company could not immediately be reached for comment.

Mudrex launches DeFi mutual fund model for retail investors

The crypto firm is expected to offer investment options for DeFi and NFT assets.

Crypto Titan Grayscale To Apply for Spot Bitcoin Exchange Traded Fund: Report

Digital asset management giant Grayscale is reportedly planning to apply for a spot Bitcoin (BTC) exchange-traded fund (ETF).

Crypto-Fund Assets Hit All-Time High, With US Bitcoin Futures ETF on Cusp

Crypto investment funds continue to see inflows, pushing total assets under management to an all-time high last week.

Grayscale confirms Bitcoin ETF plans and adds exposure to Zcash, Stellar Lumens and Horizen to its trusts

Grayscale said it would proceed "once there’s official and verifiable evidence of the SEC’s comfort with the underlying Bitcoin market." Institutional asset manager Grayscale has announced it will be converting its GBTC Trust into an exchange-traded fund (ETF) once the United States Securities and Exchange Commission (SEC) has “comfort” with recently-approved Bitcoin futures ETFs.In a Monday Twitter thread, Grayscale communications director Jennifer Rosenthal said the asset manager would proceed with offering an ETF when “the SEC has formally expressed their requisite comfort with the underlying Bitcoin market.” The offering would convert the asset manager’s Grayscale Bitcoin Trust (GBTC), first listed in 2013, into an ETF.“Once there’s official and verifiable evidence of the SEC’s comfort with the underlying Bitcoin market — likely in the form of a Bitcoin Futures ETF being deemed effective — the NYSE Arca will file a document called the 19b-4 to convert $GBTC into an ETF,” said Rosenthal.

Law Decoded: Best regulation is self-regulation, Oct. 11–18

As the crypto space gets all worked up by the impending launch of Bitcoin exchange-traded funds, the captains of the industry take it upon themselves to offer sketch the designs of future regulatory regimes. Between fever-pitch anticipation over the impending approval of a Bitcoin exchange-traded fund, the CFTC’s $42-million-plus settlement with Tether and Bitfinex, and Vladimir Putin brooding over cryptocurrency’s capacity to transfer value, this past week has been saturated with major policy news.

Its correlation to Bitcoin apart, Binance Coin has this working to its advantage

The announcement of the $1 billion growth fund was a clear catalyst for the rise of Binance Coin's price, but after close to a 15% rise, BNB’s charts started reeking of stagnation.

ProShares Bitcoin ETF to debut on NYSE on Oct. 19

The first Bitcoin futures-linked ETF is finally launching in the United States after years of effort. The first Bitcoin (BTC) futures-linked exchange-traded fund (ETF) in the United States, ProShares’ Bitcoin Strategy ETF, will begin trading on the New York Stock Exchange (NYSE) on Oct.

Bitcoin Futures ETF to Start Testing Market on Tuesday Amid Pullback Talks

The first bitcoin (BTC) futures exchange-traded fund (ETF) to be approved by regulators in the US is said to start trading this week.

ProShares Bitcoin Futures ETF to Start NYSE Trading on Tuesday: Report

ProShares will launch a bitcoin futures exchange-traded fund (ETF) tomorrow, the New York Times reported in its DealBook newsletter.The US Securities and Exchange Commission (SEC) greenlighted bitcoin futures ETFs on Friday.ProShares filed for its Bitcoin Strategy ETF this past summer.

Jacobi Asset Management Firm Wins Approval to Launch Bitcoin ETF In Guernsey

Jacobi, an asset management firm, wins regulatory approval to launch an exchange-traded fund that tracks the prices of Bitcoin for investors across Guernsey.

Grayscale hints at plans to convert Bitcoin trust into BTC-settled ETF

Grayscale looks to be seeking to restructure its Bitcoin Trust into a physically-backed fund after the SEC approved a Bitcoin futures ETF.

‘Big Short’ Investor Michael Burry Not Shorting Bitcoin, Warns ‘Cryptocurrencies Are in a Bubble’

Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has confirmed that he has not been shorting cryptocurrencies, including bitcoin, despite speculations that he may have.

Grayscale Investments Set to File for Bitcoin Spot ETF as Competition Heats Up 

Grayscale Investments, known for its Grayscale Bitcoin Trust (GBTC), is planning on filing an application to convert its flagship fund into a spot ETF early next week.

Next Bitcoin price crash will be 'shallower' than 80%, says Pantera Capital CEO

Bitcoin price increases will also be less dramatic moving forward, the report suggests. Bitcoin (BTC) market's tendency to crash by over 80% after logging strong bull runs might come to an end.That is according to a new report published by California-based hedge fund Pantera Capital.

$69,000,000,000 Pension Fund Considering Allocating Capital to Crypto Space

Australia’s fifth-largest pension fund is reportedly considering allocating capital to the crypto markets.