According to a press release, financial services company 21Shares has introduced the first exchange traded product (ETP) for Bitcoin that is physically backed in the Middle East.
Trading under the ticker symbol ABTC on the Nasdaq Dubai market, the ETP will operate similarly to the spot Bitcoin ETP the company
USD coin (USDC) has experienced a notable 4.9% decline in its market capitalization during the past month. The stablecoin, which is the second largest token in the stablecoin economy, also accounts for about 5% of the entire Bitcoin and cryptocurrency economy.
Data shows that other stablecoins have performed positively
The most recent addition in the Bitcoin ETF market is Simplify Asset Management’s Simplify Bitcoin Strategy PLUS Income ETF (MAXI). The company was co-founded by CEO Paul Kim and CIO David Burns in February 2020 and focuses on options-based investing strategies for advisers.
Brian Kelleher, the firm’s Chief
The most recent addition in the Bitcoin ETF market is Simplify Asset Management’s Simplify Bitcoin Strategy PLUS Income ETF (MAXI). The company was co-founded by CEO Paul Kim and CIO David Burns in February 2020 and focuses on options-based investing strategies for advisers.
Brian Kelleher, the firm’s Chief
According to a press release, financial services company 21Shares has introduced the first exchange traded product (ETP) for Bitcoin that is physically backed in the Middle East.
Trading under the ticker symbol ABTC on the Nasdaq Dubai market, the ETP will operate similarly to the spot Bitcoin ETP the company
USD coin (USDC) has experienced a notable 4.9% decline in its market capitalization during the past month. The stablecoin, which is the second largest token in the stablecoin economy, also accounts for about 5% of the entire Bitcoin and cryptocurrency economy.
Data shows that other stablecoins have performed positively
The latest application for a spot Bitcoin (BTC) exchange-traded fund (ETF) by international investing giant VanEck has been postponed by the Securities and Exchange Commission (SEC).
For some time now, the company has been attempting to obtain approval for what will be the first spot Bitcoin ETF in the U.
A recent report has confirmed that Circle is paying interest to Coinbase and potentially other companies in exchange for holding funds in USDC. The information was released in Coinbase’s Q2 shareholder letter: “Interest income was $33 million, up 211% compared to Q1. The increase was primarily driven by our
USDT issuer Tether Holdings Limited announced information from an independent attestation about the company’s performance over the preceding quarter. Tether’s assets were evaluated by renowned accounting firm BDO Italia, as of June 30th, 2022.
Tether had previously stated that it would reduce its commercial paper holdings by the
According to data from CoinMarketCap, HUSD is the most recent stablecoin to lose its 1:1 parity with the U.S. dollar, as it fell by 15% on August 18th.
HUSD is an ERC-20 token on the Ethereum blockchain and has been marketed as a secure stablecoin that combines the
Monochrome Bitcoin Fund is scheduled to launch a spot Bitcoin ETF in Australia with unique regulatory approval according to the Financial Standard.
The fund's custodial partner, Vasco Trustees, received the required license and additional accreditation from the Australian Financial Services (AFS) through the Australian Securities and Investments Commission
