Fidelity, a major financial services firm, says pension funds are starting to explore investing in Bitcoin, particularly after the approval of spot Bitcoin exchange-traded funds earlier this year. BREAKING: Wall Street giant Fidelity says pension funds are beginning to explore #Bitcoin and crypto Gradually, then suddenly 🚀 pic.twitter.com/8vBz4Bf02t — Bitcoin Magazine (@BitcoinMagazine) May 3, 2024 Fidelity has…
alexei_tm/iStock via Getty Images Investment Overview Gyre Therapeutics (NASDAQ:GYRE) is an under the radar biotech company that achieved its listing on the Nasdaq in October last year via a merger between Catalyst Biosciences and GNI Group – according to a press release: Catalyst received stockholder approval for all proposals necessary to complete the business combination…
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Bitcoin has had another period of intense and record-breaking success, spurred on both by positive developments…
champpixs/iStock via Getty Images Thesis enVVeno Medical Corporation (NASDAQ:NVNO) is an undercovered microcap company focusing on treatments for vascular disease Chronic Venous Insufficiency. enVVeno has just released positive topline data of its pivotal trial in 75 patients with chronic venous insufficiency, treated with the VenoValve. Well beyond expectations, 97% of the patients showed clinical improvement…
Johnce/E+ via Getty Images Teva’s Prescription for Profit: Simlandi’s Market Shake-Up Since my December call for a “revival” in Teva Pharmaceutical Industries Limited’s (NYSE:TEVA) stock for the new year, shares are up 32%, beating the market’s performance (SPY) of 11% in the same time period. Seeking Alpha Over the weekend, Teva made a regulatory announcement…
beast01 At a Glance Sarepta Therapeutics, Inc. (NASDAQ:SRPT) has “closed the gap” following my last update and “Buy” recommendation in October. Seeking Alpha The late October dip was at the expense of EMBARK data, which missed its primary endpoint but hit important secondary endpoints. Investors likely overreacted, leading to a sudden and staggering 42% decline….
DarkGel Investment Overview I last updated on Iovance (NASDAQ:IOVA), the San Carlos, California based biotech, back in September last year, after a protracted market sell-off had reduced the company’s share price from ~$6 per share, to a little over $3 per share. For a full overview of Iovance’s long and somewhat tortuous journey to becoming…
Recent data reveals that the new spot ETF issuers have accumulated more than 68,000 Bitcoin in their first week of operation. The crypto market has been hit with a sudden downturn as the price of Bitcoin (BTC) experienced a 4.5% drop on January 18, reaching its lowest level in a month at $40,800. This decline…
Since the launch of the BTC ETFs last week, the industry has recorded a significant inflow of BTC products compared to other ETFs in the market. Cryptocurrency exchange Bybit said on Tuesday that the recent approval of the first spot Bitcoin (BTC) exchange-traded funds (ETFs) in the United States represents a “watershed moment” for retail…
undefined undefined/iStock Editorial via Getty Images The SEC’s heavily caveated recent approval of a wave of Bitcoin (BTC-USD) ETFs on January 10 2024, and the expectation that that would happen, have fueled a excitement around crypto assets and mechanically closed what was a material NAV discount from earlier in 2023 for the Grayscale Bitcoin Trust…
Post the Bitcoin ETF approval, the Bitcoin halving in April 2024 will prove to be a major catalyst in driving the BTC price above $100,000 by the end of the year. In the aftermath of the US Securities and Exchange Commission’s groundbreaking approval of the first-ever US spot Bitcoin exchange-traded fund (ETF), cryptocurrency enthusiasts are…
While Warren has expressed her dissatisfaction with the approval of the 11 BTC ETFs, some lawmakers in the US support the SEC’s decision. In a recent development, US Senator Elizabeth Warren, a key Democratic figure from Massachusetts and a Senate Banking Committee member, has strongly criticized the Securities and Exchange Commission (SEC) for its recent…
The SEC faces deadlines ranging from May 23 to August 7 to make decisions on Ethereum ETF applications. The crypto market is buzzing with expectations as analysts predict a high likelihood of the approval of Ethereum (ETH) Exchange-Traded Funds (ETFs) in the coming months. Analysts’ Confidence and Comparisons with Bitcoin Eric Balchunas, a notable ETF…
tiratus phaesuwan/iStock via Getty Images The last time I spoke about Ardelyx, Inc. (NASDAQ:ARDX) in the Seeking Alpha article entitled “Ardelyx: Underappreciated Biotech With Potential FDA Approval On Deck,” it was gearing up to have its drug tenapanor as an add-on therapy for reducing serum phosphorous levels in patients with chronic kidney disease [CKD] on…
Observers disagree on whether or not the SEC adding comments on S-1 forms is a delay tactic, as spot Bitcoin ETF approval deadline approaches. The United States Securities and Exchange Commission (SEC) has added more comments to pending S-1 forms submitted by ETF applicants as part of the approval process. These comments come as the…
BlackRock and VanEck have seeded their ETFs with $10 million and $72.5 million, respectively, with Bitwise planning a whopping $200 million. Spot Bitcoin (BTC) exchange-traded fund (ETF) issuers are firing up seed investments in their prospective ETFs as they await official approval from the United States Securities and Exchange Commission (SEC). Details of recently amended…
A bold statement has emerged from a former U.S. Securities and Exchange Commission (SEC) Chair Jay Clayton, suggesting that the approval of a Spot Bitcoin Exchange-Traded Fund (ETF) is inevitable, stating that “there’s nothing left to decide,” in an interview with CNBC today. The former SEC Chair’s confident proclamation hints at an imminent breakthrough in…
Applicants have submitted final S-1 amendments for proposed spot Bitcoin ETF approvals expected from Wednesday. Several prospective issuers of spot BTC exchange-traded funds have amended and finalized S-1 forms, in what is the final step in their quest for a spot Bitcoin ETF. According to reports, recent amendments were from applicants, including Fidelity Investments, VanEck,…
The Nasdaq has submitted an amendment for BlackRock and Valkyrie’s Spot Bitcoin Exchange-Traded Fund (ETF) 19b-4 filings, inching closer to the looming approval deadline this coming Wednesday. The amendment filing comes was the next step forward in the regulatory process, indicating progress in the bid to secure approval from the U.S. Securities and Exchange Commission (SEC). The Nasdaq’s latest amendment filing…
In a significant stride towards the potential approval of Spot Bitcoin Exchange-Traded Funds (ETFs) in the United States, applicants have overcome a pivotal hurdle, marking a crucial milestone in their quest for regulatory approval from the U.S. Securities and Exchange Commission (SEC). As reported by Bloomberg, the applicants seeking approval for the eagerly anticipated spot…
VanEck, a prominent investment management firm, has unveiled a interesting new Bitcoin commercial, stirring excitement and speculation within the Bitcoin community. The release comes amidst mounting anticipation surrounding the possible approval of Spot Bitcoin Exchange-Traded Funds (ETFs) by the Securities and Exchange Commission (SEC). The commercial, showcases a high-quality production recorded at PubKey, a Bitcoin bar…
Asset management firm Hashdex has unveiled a new advertisement amid the US Securities and Exchange Commission’s (SEC) evaluation of applications for the listing of spot Bitcoin (BTC) tickers on US exchanges for exchange-traded funds (ETFs). The advertisement, shared on December 28 on X (formerly Twitter), features an interview setting from the 1980s, where the subject…
The “smart money index”, which measures the net bullish bets by institutional players through Chicago Mercantile Exchange (CME) Bitcoin futures, has reached an all-time high of over 13,700 in recent days. Large investors have taken large long positions in the Bitcoin (BTC) futures market, indicating that institutional capital is flooding into the coin in anticipation…
In its initial filing, BlackRock mentioned that the Prime Execution Agent would obtain BTC to support the ETF’s shares on a 1-to-1 ratio. Although the company didn’t disclose the name of the chosen agent, it did identify Coinbase as the proposed custodian. BlackRock Inc (NYSE: BLK), the world’s largest asset manager, is putting the final…
Sebastian Gorczowski/iStock via Getty Images Topline Summary and Update ImmunityBio, Inc. (NASDAQ:IBRX) is a late-stage developmental biotech trying to bring novel immunotherapy approaches for cancer treatment to market. Their first and biggest shot on goal is a combination therapy with BCG in patients with bladder cancer, with an FDA decision coming in April 2024. While…
A spot Bitcoin ETF approval would open doors for institutional and retail investors to access the world’s largest cryptocurrency with greater ease and at a lower cost compared to Bitcoin ETFs tied to the futures market. BlackRock Inc (NYSE: BLK), the world’s largest money manager with a whopping $9 trillion in assets under management, has…
QCP Capital believes that the Bitcoin ETF approval could be a sell-the-news event thereby pushing the Bitcoin price under $40,000, before resuming the next uptrend. The Bitcoin (BTC) price has registered a strong rally gaining 15% so far in December and moving closer to $44,000, where it encounters strong resistance. At press time, Bitcoin is…
CryptoQuant says factors like the halving, ETF, approval, and rate cuts, could push Bitcoin to $160K next year. Analysts are bullish on the potential of Bitcoin (BTC) for next year, indicating several factors that could pump the price to $160,000. According to a blockchain analytics firm CryptoQuant report, Bitcoin may already be on its way…
7RCC’s crypto ETF differs from those of other similar products. 80% of it will consist of Bitcoin, while the rest will hold carbon credits futures Crypto asset management firm 7RCC might be the latest in a long list of firms seeking a spot Bitcoin exchange-traded fund (ETF) approval. This follows after the ESG-focused firm recently…
Many of the required revisions and adjustments are being carried out urgently by most companies, fueled by rumors that there may be a possible approval in January. BlackRock is making a strategic move in its plans for a bitcoin exchange-traded fund (ETF) by revising its approach to overcome regulatory obstacles. The asset management giant has…
Jonathan Goldsmith’s recent promotion of Bitwise coincides with the asset manager’s pending Bitcoin ETF application with the United States Securities and Exchange Commission. The broader crypto community has been eagerly awaiting the launch of a spot Bitcoin ETF and the SEC approval is very likely in early January 2024. A step further, the Bitwise Asset…
By securing outside funding support through the pioneering Volcano Bonds, El Salvador can continue progressing with Bitcoin integration across governmental services and society. El Salvador has successfully overcome a significant regulatory hurdle as it pursues the introduction of Bitcoin-backed sovereign debt instruments, referred to as “volcano bonds”. The nation’s Digital Assets Commission has provided the…
Bet_Noire Investment Overview Historic Approval Validates CRISPR Gene Editing Approach News broke this afternoon that the Food and Drug Agency (“FDA”) has granted approval to a CRISPR-based gene editing therapy for the first time in history. It is an historic achievement for both Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) and CRISPR Therapeutics AG (NASDAQ:CRSP), the two companies…
As the growing anticipation for a spot Bitcoin ETF approval continues to propel BTC prices higher, Jurrien Timmer, Fidelity’s director of global macro, believes the crypto asset could surge to over $1 billion in 2038. Fidelity Investments achieves a significant milestone as its spot Bitcoin exchange-traded fund (ETF), known as FBTC, makes its appearance on…
Rumors suggest that BlackRock plans to give itself a head start by moving funds from its private Bitcoin trust to its ETF. Giant asset manager BlackRock Inc (NYSE: BLK) may have set plans in motion that will put the company well ahead of its competition if the United States Securities and Exchange Commission (SEC) approves…
Republicans had hoped to get US crypto legislation through the House in 2023. However, now 2024 seems to be a more likely period. The introduction of comprehensive regulatory frameworks for cryptocurrencies in the United States has taken an unexpected turn, with lawmakers now eyeing 2024 as the prospective timeline for House approval of the bill….
With the heightened crypto regulatory crackdown and the US SEC’s change of attitude towards the industry, Bloomberg analyst argues all 12 applications will be approved in early January. The Bitcoin (BTC) bullish narrative that began in October is expected to continue in the coming weeks after the flagship crypto asset opened December on a high…
Novogratz is not the only expert who expects Bitcoin price to skyrocket soon. One of the main reasons is that long-term holders are not selling off their positions According to Michael Novogratz, founder of digital asset management company Galaxy Digital, things may soon change for other stores of value like gold and Bitcoin (BTC) as…
Paxos received the in-principle approvals (IPAs) of the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM) to offer USD-backed stablecoins among other crypto services. In a bid to expand its crypto-related services in the Middle East, Paxos Trust Company LLC has announced that it has received the necessary regulatory approval to…
Grayscale is hoping that the proposed changes to GBTC’s Trust Agreement would help both the company and GBTC to achieve operational efficiencies. Manager of the Grayscale Bitcoin Trust (GBTC), Grayscale is currently updating its trust agreement as the wait for spot Bitcoin exchange-traded funds (ETFs) enters top gear. That is according to a Wednesday filing…
eToro’s foray into the UAE comes amidst a period of global expansion for the platform. The retail and social trading giant eToro recently announced that it has received a license from the Abu Dhabi Global Market (ADGM) to operate as a broker in securities, derivatives, and crypto assets in the United Arab Emirates (UAE). eToro Bags…
Prostock-Studio Investment Overview Novo Nordisk (NVO), the Danish Pharma giant, has delivered phenomenal gains for shareholders across the past 5 years, its stock price has risen in value by >365%, giving the company a market cap of $458bn. Amongst global pharmas, only Eli Lilly (LLY) enjoys a higher valuation. Amongst all listed companies, Eli Lilly…
If the entire $2.7 billion exits the bitcoin market, it would exert significant downward pressure on bitcoin prices, the authors stated. However, if most of this $2.7 billion transitions into other bitcoin instruments, such as the newly established spot bitcoin ETFs post SEC approval, the negative market impact would be more moderate. Nevertheless, the bank…
In an exclusive interview with CNBC, Tom Farley, the former President of the New York Stock Exchange (NYSE) and current CEO of Bullish, shared his optimistic outlook on the future of cryptocurrency, particularly Bitcoin, upon the potential approval of a Bitcoin spot exchange-traded fund (ETF) by the Securities and Exchange Commission (SEC). Farley’s comments come amidst…
Grayscale CEO Michael Sonnenshein took to X (Twitter) Monday morning to say “it’s been a ten year dress rehearsal. we’re ready for the main event,” ahead of seemingly imminent approval for the conversion of its flagship fund into a spot Bitcoin ETF. On June 29, 2022, Grayscale filed a lawsuit against the SEC for denying its…
The Valkyrie CIO says that the SEC will ask for comments and possibly approve an ETF proposal this month after all issues are addressed. A Valkyrie Investments exec has hinted at a strong possibility for a spot Bitcoin ETF approval this month. According to Chief Investment Officer (CIO) Steven McClurg, the United States Securities and…
With this approval, PayPal joins firms like Interactive Brokers, Bitstamp, and Komainu that have been granted crypto registration this year. Payments company PayPal Holdings Inc (NASDAQ: PYPL) has received approval from the UK’s Financial Conduct Authority (FCA) to offer cryptocurrency services. Official FCA data shows that as of October 31, 2023, PayPal is registered for…
Most predictions are optimistic about a Bitcoin bull run considering the expected spot ETF approval and the upcoming halving. International asset manager AllianceBernstein Holding LP has joined a growing list of entities that are bullish about the effects of a spot Bitcoin ETF. According to Bernstein, Bitcoin could hit $150,000 by 2025 if the United…
koto_feja/E+ via Getty Images Company website Investment Thesis Rating Catalyst Pharmaceuticals, Inc. (NASDAQ:CPRX) Buy with 2-5 year target of $40 (3x upside) based on the discounted cash flow (“DCF”) valuation method. Steroids are used in 70% of patients with Duchenne’s muscular dystrophy, DMD, a debilitating neuromuscular disease, which is a 2 billion/year market and is…
Analysts expect 10-20% of the Gold ETF money moving into Bitcoin post the BlackRock ETF approval i.e. $12 billion to $14 billion worth of inflows in BTC. The entire crypto community remains excited regarding the approval of the spot Bitcoin ETF, with huge expectations ahead from BlackRock. This is because it would trigger a new…