News list for " Bloomberg"
According to Bloomberg senior ETF analyst Eric Balchunaspilu, spot Bitcoin ETFs have had a strong start to the year, with inflows of $4.20 billion, accounting for 6% of all ETF inflows. Since its launch, net inflows have exceeded $40 billion and asset management (AUM) has reached $121 billion, resulting in a return of 127%. At present, the asset size of the Bitcoin spot ETF has exceeded the ESG ETF ($117 billion) and is comparable to the size of the gold spot ETF.
Ledger co-founder David Balland has been released after being kidnapped in France. Bloomberg reports that the details of the case have not been disclosed and the relevant investigation is ongoing.
On January 23rd, according to Bloomberg, Etherealize, founded by former Nomura Holdings and UBS bond trader Vivek Raman, has received investment from Ethereum founder Vitalik Buterin and the Ethereum Foundation. The company has formed an eight-person team in New York to promote Ethereum to Wall Street Financial Institutions Group and develop bank-friendly products.
Bloomberg senior ETF analysts Eric Balchunas and James Seyffart confirmed that the CME is very likely to launch XRP and SOL futures contracts, but only released a trial version of the futures on the beta website and has not yet appeared on the official website. They believe that this event will be officially confirmed by the CME soon, but also expressed doubts about why the beta version can be noticed by the public. Earlier market news said that the CME futures of XRP and SOL will be launched on...
On January 22, according to Bloomberg Law, Coinbase filed an interlocutory appeal request with the U.S. Court of Appeals for the Second Circuit to rule that cryptocurrency transactions on its platform are not securities transactions. Coinbase argues that cryptoassets, unlike stocks, should not be regulated by the SEC.
Eric Balchunas, a senior ETF analyst at Bloomberg, posted on the X platform that ex's filing of DOGE ETFs and TRUMP ETFs is an application under the 1940 Act, so (in theory, if not rejected) it may be listed in early April (75 days after filing). It is reported that Eric Balchunas is referring to the 1940 Act, which governs asset and derivative portfolio funds. Applications submitted under the Act also enjoy a simplified 75-day review process. By utilizing this process, DOGE and TRUMP ETFs can b...
On January 22, Bloomberg Consulting ETF analyst Eric Balchun posted on social media about Rex's submission of the Dorji ETF and Trump ETF, saying that these ETFs were submitted under the 1940 Act and therefore (theoretically, if not rejected) could be listed in early April (75 days after submission). It is understood that Eric Barchun is referring to the 1940 Act, which governs asset and derivative portfolio funds. Applications submitted under the Act also enjoy a simplified 75-day review proces...
On January 21, Bloomberg senior ETF analyst Eric Balchunas wrote that Rex has applied to launch the DOGE ETF and the TRUMP ETF.
On January 20, according to Bloomberg, Trump is about to unveil a series of shock measures on his first day in office. At a pre-inauguration rally, Trump said he would sign nearly 100 executive orders within hours of taking office. These orders include declaring a national energy emergency, boosting U.S. energy production, and rolling back previous administrations' climate change responses. At the same time, all parties are...
According to Bloomberg, Perplexity AI, a technology company backed by Bezos and Nvidia, filed for a merger with TikTok U.S. operations to dodge the impending shutdown. TikTok's Chinese parent company, ByteDance, was ordered by the United States to sell or close by Sunday. The deal will allow ByteDance investors, including heavyweights such as Sequoia Capital and SoftBank, to keep their shares.
According to a Bloomberg post, Bitcoin rallied again on Friday due to market rumors that Donald Trump may soon issue an executive order to make cryptocurrencies a national priority. It is said that Trump may announce the establishment of the cryptocurrency advisory committee he previously promised in his executive order to give the cryptocurrency industry a voice in his administration. Investors expect any announcement from the new administration next week to drive bitcoin prices higher and pote...
Bloomberg industry research analyst James Seyffart said in an interview that even if the White House is friendly towards cryptocurrencies, the Solana ETF may not be launched in the United States until 2026. He said issuers were "likely to see an improvement" in the Solana ETF filing lag after President-elect Donald Trump took office on January 20. However, since the SEC used to take 240-260 days to review documents, that timeline could be extended to 2026. This...
Bloomberg ETF analyst James Seyffart posted on the X platform that the Canary Capital Litecoin ETF filed a revised S-1 document, which may indicate that the SEC is paying attention to the application, but has not yet filed the 19b-4 document, which is a key step in initiating the approval/rejection process. Previously, Bloomberg ETF analyst Eric Balchunas said that he heard that the S-1 application for the Litecoin ETF has been replied by the SEC.
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