LIVEManvel - cryptocurrency expert, trading
@Crypto_Holder
Manvel Mamoyan: many-times Guinness World Record holder, cryptocurrency expert, Yazidi public figure.
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ARK Investment shifts $16m from ProShares to own Bitcoin ETF
ARK Investment Management, led by Cathie Wood, divested from the ProShares Bitcoin ETF, reallocating approximately $16 million towards its own Bitcoin ETF.
This move involved the sale of ProShares Bitcoin ETF (BITO) shares, a pioneering ETF in the Bitcoin futures market in the U.S., and the acquisition of 365,427 shares of ARK 21 Shares Bitcoin ETF (ARKB).
This adjustment resulted in ARKB accounting for 1% of the ARK Next Generation Internet ETF (ARKW). The value of ARKB shares declined to $43.51 on Tuesday, a significant drop from the initial listing price of $49 on Jan. 11.
Previously, ARK Investment Management had shifted its investments from the Grayscale Bitcoin Trust (GBTC) to BITO in December in anticipation of the U.S. approving direct Bitcoin ETFs.
Cathie Wood had expressed confidence in investing in an already approved fund over one pending approval. This latest portfolio reshuffling aligns with ARK’s ongoing strategy to optimize its position in the evolving landscape of cryptocurrency investments.
ARK’s 21Shares Bitcoin ETF currently offers one of the lowest fees at 0.21%. Leading crypto exchange Coinbase acts as the custodian of ARK’s ETF.
ARK Investment Management, led by Cathie Wood, divested from the ProShares Bitcoin ETF, reallocating approximately $16 million towards its own Bitcoin ETF.
This move involved the sale of ProShares Bitcoin ETF (BITO) shares, a pioneering ETF in the Bitcoin futures market in the U.S., and the acquisition of 365,427 shares of ARK 21 Shares Bitcoin ETF (ARKB).
This adjustment resulted in ARKB accounting for 1% of the ARK Next Generation Internet ETF (ARKW). The value of ARKB shares declined to $43.51 on Tuesday, a significant drop from the initial listing price of $49 on Jan. 11.
Previously, ARK Investment Management had shifted its investments from the Grayscale Bitcoin Trust (GBTC) to BITO in December in anticipation of the U.S. approving direct Bitcoin ETFs.
Cathie Wood had expressed confidence in investing in an already approved fund over one pending approval. This latest portfolio reshuffling aligns with ARK’s ongoing strategy to optimize its position in the evolving landscape of cryptocurrency investments.
ARK’s 21Shares Bitcoin ETF currently offers one of the lowest fees at 0.21%. Leading crypto exchange Coinbase acts as the custodian of ARK’s ETF.
Leung Fung Yee, CEO of the Securities and Futures Commission of Hong Kong (SFC), believes that including virtual asset service providers in the regulatory system is necessary for embracing crypto innovation and building market trust.
Peter Schiff, a well-known critic of bitcoin and advocate of gold, has caused a stir in the crypto community with a recent tweet implying that the recent crypto party will soon end.
The Organization for Economic Cooperation and Development (OECD) has introduced a new tax framework specifically designed for crypto.
Global financial giant JPMorgan has announced a strategic partnership with six major Indian banks to launch a blockchain-based platform to settle interbank dollar transactions.
Ledger has decided to postpone the launch of its private key recovery service after facing strong criticism from the crypto community, citing concerns over potential security vulnerabilities and the need for more transparency.
We live in an era where technological innovations are released almost daily. This could sometimes be overwhelming and difficult to process. With this, choosing the most suitable crypto trading platform that meets all your needs can be tasking, a process we wish to simplify.
Sologenic co-founder criticizes SEC stand on crypto regulation
Bob Ras, the co-founder of Sologenic, expressed his worries about the SEC’s approach to cryptocurrency regulation in a Twitter thread, noting he thinks the agency’s has a lack of knowledge and an inconsistency in its attitude.
The SEC’s strong efforts have repercussions throughout the sector, affecting businesses like Ripple and perhaps weakening the United States’ position in the global crypto market.
Ras said that the SEC’s effort to label almost all digital assets as securities betray a fu
The SEC’s strong efforts have repercussions throughout the sector, affecting businesses like Ripple and perhaps weakening the United States’ position in the global crypto market.
Ras said that the SEC’s effort to label almost all digital assets as securities betray a fu
The Solana Foundation announced the Solana blockchain integrated artificial intelligence (AI) via the ChatGPT plugin.
An alliance comprising five major crypto exchanges has removed warnings placed on KAVA and WAVES, stating that the reasons for the warnings have been resolved.
Comparison of STEM (STEMX) and chiliz (CHZ) projects
Consider two projects created for the sports industry, STEM (STEMX) and Chiliz (CHZ). These projects offer different approaches to using tokens for the sports industry.
Let’s look at them in more detail.
Chiliz creates fan tokens for sports teams, the price of which is formed solely on market demand. In other words, the price of fan tokens of football clubs is included in supply and demand at auctions, i.e., interest from fans and traders at a particular time. These are classic crypto assets l
Let’s look at them in more detail.
Chiliz creates fan tokens for sports teams, the price of which is formed solely on market demand. In other words, the price of fan tokens of football clubs is included in supply and demand at auctions, i.e., interest from fans and traders at a particular time. These are classic crypto assets l
UltraSoundMoney data on May 20 shows that two million ethereum (ETH), worth roughly $3.6b, is ready to be staked to further beef up the Ethereum network security.
Terraform Labs co-founder Shin Hyun-seung and seven other associates are set to face trial on May 26 over fraud charges related to the collapse of the Terra-Luna stablecoin and crypto project in May 2022.
Distressed Bittrex to borrow bitcoin to fuel bankruptcy proceedings
The US Bankruptcy Court for the District of Delaware has given Bittrex crypto exchange the go-ahead to borrow an initial 250 BTC ($6.8 million at current prices) to fuel its bankruptcy proceedings. Bittrex filed for bankruptcy in the US on May 8.
Having successfully filed a Chapter 11 bankruptcy in the US earlier this week, the Bittrex crypto exchange has been approved by US Bankruptcy Judge Brendan Shannon to obtain bitcoin (BTC) loans from its parent company, Aquila Holdings, to kickstart its
Having successfully filed a Chapter 11 bankruptcy in the US earlier this week, the Bittrex crypto exchange has been approved by US Bankruptcy Judge Brendan Shannon to obtain bitcoin (BTC) loans from its parent company, Aquila Holdings, to kickstart its
Marathon Digital gets SEC subpoena for the second time
Major bitcoin (BTC) mining company Marathon Digital Holdings received a fresh subpoena from the US Securities and Exchange Commission (SEC) concerning the company’s data center in Montana, which the regulator is investigating for possible securities laws violation.
Marathon Digital revealed the receipt of the subpoena in a recent filing with the SEC. According to the company, the subpoena was issued on April 10 to its data facility center in Hardin, Montana.
“The Company received an addition
Marathon Digital revealed the receipt of the subpoena in a recent filing with the SEC. According to the company, the subpoena was issued on April 10 to its data facility center in Hardin, Montana.
“The Company received an addition
The United States Internal Revenue Service (IRS) has filed 45 claims worth $44 billion against the estate of bankrupt cryptocurrency exchange FTX and its affiliated entities.
An email sent out to Coinbase clients that described the Pepe meme as a “hate symbol” co-opted by alt-right organizations has generated substantial ire from the PEPE meme coin community.
Standard Chartered launching crypto custody service in Dubai
Standard Chartered Bank has revealed plans to offer institutional-grade digital assets custody services in Dubai via its subsidiary, Zodia Custody, pending regulatory approval.
Barely three months after reaching a definitive agreement with Japan’s SBI Digital Asset Holdings to set up a crypto custody platform in the region, Standard Chartered, a British multinational banking giant, is set to roll out the same service in crypto-friendly Dubai for institutional investors.
According to sources, S
Barely three months after reaching a definitive agreement with Japan’s SBI Digital Asset Holdings to set up a crypto custody platform in the region, Standard Chartered, a British multinational banking giant, is set to roll out the same service in crypto-friendly Dubai for institutional investors.
According to sources, S
