ProShares, a provider of investment products, will launch the first exchange-traded fund (ETF) in the United States that would allow investors to bet on the decline of bitcoin. First Short Bitcoin ETF According to a statement on Monday, the ProShares Short Bitcoin Strategy ETF would allow investors to take advantage of a decline in the…
San Francisco-based gentlemen’s club Gold Club has announcement that it now accepts Bitcoin as a method of payment to improve the customer experience and provide the exceptional service expected by its high-end clientele. Gold Club now accepts Bitcoin as payment Gold Club expands its payment options by allowing its customers to pay with Bitcoin for…
The world’s largest digital asset investment services firm, Grayscale Investments LLC, recently hired Donald B. Verrilli as additional legal counsel, stepping up its efforts to obtain Securities and Exchange Commission (SEC) approval for its bitcoin exchange-traded fund (ETF). Grayscale Hires Donald B. Verrilli as Senior Legal Strategist With this new hire, the digital asset manager…
Cathie Wood’s investment firm, ARK Investment Management, is again trying to launch a spot Bitcoin exchange-traded fund (ETF) in the United States. Cathie Wood’s Ark Files New Case for Spot Bitcoin ETF According to a filing with the United States Securities and Exchange Commission, ARK Invest submitted another application for its spot Bitcoin ETF, the…
JPMorgan Chase & Co., an American multinational investment bank and financial services holding company, estimates that the world’s largest cryptocurrency, Bitcoin (BTC), is 28% below its “fair price”, this which implies that there are signs of a “significant upside from here”. As of this writing, Bitcoin is trading at $29,834. Crypto replaces real estate According…
MicroStrategy, one of Bitcoin’s biggest backers, has started losing money on its bullish bet on the world’s biggest cryptocurrency. However, the company’s new chief financial officer said he would not sell any BTC despite the market falling on Wednesday. On the other hand, Michael Saylor, the CEO of the company, predicted that Bitcoin would reach…