The market capitalization for Bitcoin briefly exceeded the total market cap for the Swiss Franc after it reached a record price of $67,000 on Wednesday. Fiatmarketcap data shows that Bitcoin’s market capital was over $1.263 trillion at the time when the crypto asset hit an all-time high of $67,000 on Wednesday. This was just short of...Read More

After just two trading days, the ProShares Bitcoin Strategy Strategy ETF became the fastest exchange-traded fund to achieve $1 billion in assets. It was the SPDR Gold Shares ETF that held the previous record. This fund, which was gold-backed, launched in 2004-17 years ago and hit the billion mark in just three days. Eric Balchunas, Bloomberg’s senior ETF...Read More

After waiting for years for a U.S. Bitcoin Exchange Trade Fund, the cryptocurrency community might finally receive four products within weeks. The Securities and Exchange Commission will once again have to approve, deny, or delay an assortment of exchange-traded fund applications based on the largest virtual currency. They all follow a format suggested by Gary Gensler, SEC Chair, that...Read More

Chamath Palihapitiya, who has invested hundreds and millions in Bitcoin, said Wednesday that it was difficult to ban all cryptocurrencies. When asked by a billionaire investor what he thought of Gary Gensler, SEC Chair, stating that the crypto market was ‘rife in fraud’ and Ray Dalio claiming that regulators would attempt to ‘kill’ Bitcoin if it is really successful. Palihapitiya...Read More