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Spot Bitcoin ETFs Blast Through $4.5 Billion on Day 1!
Holy Bullish, Batman! The long-awaited arrival of Spot Bitcoin ETFs has delivered explosive trading volume, exceeding $4.5 billion in just the first day!
This is a clear sign of institutional interest flooding into the crypto market, marking a seismic shift in mainstream adoption. Buckle up, folks, because things are about to get exciting!
Here's what you need to know: ■ Six ETFs are currently trading across NYSE Arca and CBOE BZX exchanges, with Invesco Galaxy Bitcoin ETF (BTCO) leading the pack in volume. ■ VanEck Bitcoin Trust (HODL) and Fidelity Wise Origin Bitcoin Fund (FBTC) are also seeing significant interest, contributing to the record-breaking day. ■ The influx of institutional investors is expected to boost liquidity and potentially stabilize Bitcoin's price, making it a more attractive asset for broader adoption.
What does this mean for you? ■ The door is now open for a wider range of investors to gain exposure to Bitcoin through a familiar and regulated investment vehicle like an ETF. ■ This influx of capital could fuel further growth in the Bitcoin market, opening up exciting opportunities for everyone involved.
Disclaimer: Remember, however, that Bitcoin remains a volatile asset. This is not a call to blindly invest, but rather a reminder to stay informed, manage your risk responsibly, and buckle up for a potentially wild ride!
Get ready for a new era in crypto, fam! This is a game-changer for Bitcoin and the entire industry.
✅ Easier access for investors ✅ Increased liquidity and price stability ✅ Mainstream validation and adoption
What does this mean for you? ■ Invest in Bitcoin like a stock or bond (ETF convenience!) ■ Smoother price movements and potentially lower fees ■ Bitcoin goes mainstream, opening doors for wider adoption
This is just the beginning! Buckle up for an exciting ride!
Disclaimer: This information is for educational purposes only and should not be considered financial advice. Please conduct your own research and consult with a qualified financial advisor before making any investment decisions.
It's official! The SEC has granted the holy grail of crypto: SPOT BITCOIN ETFs are GO!
After years of waiting, nail-biting, and speculation, the U.S. Securities and Exchange Commission has finally opened the door for Bitcoin ETFs that directly track the price of the world's leading cryptocurrency. This is a game-changer for the entire crypto industry, paving the way for wider institutional adoption and potentially sending Bitcoin prices soaring .
What does this mean for you?
Easier access to Bitcoin: No more dealing with exchanges or cold wallets. Invest in Bitcoin alongside your traditional stocks and bonds with the convenience and security of a regulated ETF.
Increased liquidity: More investors = more trading volume, which could lead to smoother price movements and potentially lower fees.
Mainstream validation: This decision by the SEC signals a major vote of confidence in Bitcoin as a legitimate asset class, attracting even more investors and boosting public perception.
But wait, there's more!
The specific ETFs approved and their start dates are still to be announced, so watch this space for updates. This is just the beginning of a new era for Bitcoin and the entire cryptoverse!
Fidelity's #Bitcoin ETF Lands on DTCC (Ticker $FBTC) !
Fidelity's highly anticipated Bitcoin ETF has finally landed on the Depository Trust & Clearing Corporation (DTCC), a major ️ clearinghouse for financial institutions.
This is a huge leap forward for the crypto industry , signaling increased institutional adoption of #BTC ₿!
The ETF trades under the ticker $FBTC , making it accessible to a wider range of investors.
FTX Gets Court OK to Sell $873M in Assets for Creditor Payback while Founder Awaits Sentence
A Delaware bankruptcy court has approved to allow FTX, a bankrupt crypto exchange, to sell $873 million in trust assets which will be used to pay back creditors.
The values of these assets have recently increased to a total of $873 million as of October 25 with $807 million from Grayscale Investments and $66 million from Bitwise.
On November 3 FTX debtors made a request to sell six cryptocurrency trusts, including Grayscale's Bitcoin and Ethereum trusts and Bitwise's Crypto Index Fund.
FTX owns significant shares in these trusts, with over 22 million units in Grayscale's Bitcoin trust and 6.3 million in their Ethereum trust.
Ethereum Classic, Litecoin, and Digital Large Cap - these are the other Grayscale trusts to be included in the sales in order to gather funds for affected FTX customers.
Since FTX's collapse, FTX's administrators have recovered around $7 billion in assets with $3.4 billion in cryptocurrencies. The total customer assets misused is a total of $8.7 billion.
Convicted on fraud charges, Sam Bankman-Fried, FTX's founder, is waiting to be sentenced while he's in detention at Brooklyn's Metropolitan Detention Center, where he recently traded mackerels for a haircut.
🕯️ Billionaire Investor Charlie Munger, Longtime Berkshire Hathaway Vice Chairman, Passes Away at 99 🕯️
Berkshire Hathaway Vice Chairman Charlie Munger, a renowned investor and business magnate, passed away peacefully at his home in California on Tuesday, November 28, 2023. He was 99 years old. "Berkshire Hathaway could not have been built to its present status without Charlie's inspiration, wisdom, and participation," said Warren Buffett, CEO of Berkshire Hathaway. "Charlie was my partner and my friend for more than 60 years, and his wisdom and guidance have been invaluable to me. He was far more than just a business colleague, he was a mentor and teacher who taught me so much about life and investing."
Munger was a brilliant investor with a deep understanding of business and finance. He was also a gifted speaker and writer, and his insights on a wide range of topics, from economics to psychology, have been widely read and admired.
Munger's passing is a major loss for the investment community and the world at large. He was a true visionary and a pioneer in the world of finance. His legacy will live on for many years to come.
HSBC, a global banking giant, has announced that it will be welcoming crypto 🪙 and other digital assets 💎 into its fold. This significant step follows a trend of financial institutions warming up to the emerging asset class 🚀.
The driving force behind this shift is the growing popularity of digital and tokenized assets 📈. Additionally, client demand is playing a crucial role in persuading financial institutions to embrace crypto 🤝.
While the Biden administration has sought new powers from Congress to regulate crypto, the financial industry is not waiting for regulatory clarity before diving into this new realm 🏃♂️.
🚨 US Treasury Official Says Biden Administration Wants New Powers to Crack Down on Crypto
The Biden administration is seeking new powers from Congress to crack down on crypto, according to US Treasury Department Deputy Secretary Wally Adeyemo. Adeyemo said that the administration is concerned about the potential for crypto to be used for illicit activities, such as money laundering and terrorist financing, and the risks to consumers posed by crypto scams and the volatility of crypto markets.
The Biden administration has not yet released specific details about what new powers it is seeking from Congress, but it is clear that the administration is taking a more active approach to regulating crypto than its predecessor. It remains to be seen what the Biden administration's request for new powers will mean for the long-term future of the crypto industry, but it is a development that all crypto investors should be aware of.
🤯 Bitcoin's market cap is larger than Bank of America and Bank of China combined!
That's right, the world's largest cryptocurrency has surpassed two of the world's largest banks in terms of total value. This is a testament to the growing popularity and adoption of Bitcoin.
What does this mean?
It means that Bitcoin is a force to be reckoned with in the financial world. It's no longer a niche asset that's only relevant to tech-savvy early adopters. Bitcoin is now mainstream, and it's here to stay.
So what's next for Bitcoin?
Only time will tell. But one thing is for sure: Bitcoin is a game-changer in the world of finance.
% of total employment. Self-employed workers are those workers who, working on their own account or with one or a few partners or in cooperative, hold the type of jobs defined as a "self-employment jobs."
*according to International Labour Organization. “ILO modelled estimates database” ILOSTAT, 2021