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Solana ETF Nears Approval – Don’t Miss Your Chance to Buy Solaxy, the First $SOL Layer-2

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US Government Accountability Office offers SEC recommendations post-Bitcoin ETF approval

A US watchdog notes that the SEC’s specialized unit for emerging technologies is not fully prepared to meet current challenges. On Dec. 15, the United States Government Accountability Office (GAO) proposed three primary action plans to the Securities and Exchange Commission to take in the wake of approving 11 spot Bitcoin exchange-traded funds (ETFs) on Jan. 10. The advised strategies were centered around managing the workforce for the digital asset market and guiding the regulator’s approach to the burgeoning industry in the upcoming years. The report found that despite having 116 staff members working on crypto-related issues, the SEC has not updated its workforce planning strategy since 2019. To address this, the US watchdog suggested the preparation of a new strategy aligned with the agency’s 2022–2026 strategic and performance plans. You might also like: Coinbase dominance over Bitcoin ETF custody raises concerns The report also noted that the SEC...
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Bitwise and VanEck to donate 10% ETF profits following SEC’s spot Bitcoin ETFs approval

SEC approves spot Bitcoin ETFs: A historic moment for mainstream crypto integration. Bitwise and VanEck donate 10% ETF profits to Bitcoin development: Philanthropy meets finance. Meme Moguls emerges as the world’s first meme-backed stock market, aiming for 100x growth. After the US Securities and Exchanges Commission’s (SEC) spot Bitocin approval, Bitwise, a major asset management player, has declared its intention to donate 10% of the profits from its recently approved Bitcoin ETF, BITB, to the development of Bitcoin’s open-source ecosystem. Bitwise stated that its Bitcoin ETF $BITB would begin trading on 1/112024 with a 0% fee through 7/10/24 (on the fund’s first $1B in assets; 0.20% after). Today, we are thrilled to announce that the Bitwise Bitcoin ETF $BITB intends to begin trading on 1/11 with a 0% fee through 7/10/24 (on the fund’s first $1B in assets; 0.20% after). Read the full prospectus & risk disclosures: htt...
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Dwindling optimism for Bitcoin ETF approval to blame as weekly crypto outflows hit $55M

Even altcoins slumped, with only Ripple and Cardano registering inflows. Digital asset investment products saw $55 million in outflows for the week of September 13-19, according to a report from CoinShares.  Optimism surrounding what was previously thought to be the impending approval of a spot-based Bitcoin exchange-traded fund has begun to give way as $42 million worth of the week’s outflows came from BTC alone. This week in Fund Flows by @CoinSharesCo Head of Research @jbutterfill: Digital asset investment products saw outflows totalling US$55m — we believe this is in reaction to recent media highlighting that a decision by the US Securities & Exchange Commission to authorise a US… pic.twitter.com/Ecxx3GeZkR — CoinShares (@CoinSharesCo) August 21, 2023 Ethereum products didn’t fare much better given its market share. Ether funds saw $9 million in outflows, while Polygon, Litecoin and Polkadot also saw outflows totaling a combined $2 million. The only crypto currencies to exp...
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