SEC Approves Bitwise Spot Bitcoin and Ethereum ETF
By Kapil Rajyaguru
SEC Approves Bitwise Spot Bitcoin and Ethereum ETF.
The U.S. Securities and Exchange Commission approved another joint bitcoin and ether exchange-traded fund (ETF) Thursday, letting investors gain exposure to the two digital assets in one regulated financial product.
The SEC announced it had granted accelerated approval to Bitwise’s Bitcoin and Ethereum ETF, just over a month after approving similar products filed by Hashdex and Franklin Templeton.
Hashdex’s Crypto Index ETF gives investors exposure to a basket of different cryptocurrencies, while Franklin Templeton said it would launch its product sometime in January.
Coinbase Files to List Solana & Hedera Futures ETF.
Coinbase Derivatives has filed to list new futures contracts for Solana (SOL) and Hedera (HBAR), according to filings on Thursday. The crypto exchange plans to launch these contracts, which will be cash-settled monthly, in February 2025 or later.
This move comes as Coinbase seeks to capitalize on the growing market sentiment and potential positive regulatory changes under the Trump Administration. Other major players, like CME, are also preparing to offer futures for Solana and XRP in the near future.
The upcoming Solana futures contracts will operate with a 100 SOL size, which equals approximately $24,000 in value if they receive regulatory approval. The Hedera futures contract will monitor 5,000 Hedera tokens.
India Police Seize ₹40L in Tether from Nationwide Fraud.
Hyderabad Police have uncovered a nationwide cyber fraud ring, seizing ₹40 lakh worth of Tether (USDT) and defrauding victims of ₹8.83 crore. The Cyber Crime Police led the operation, which involved teams from various Indian states.
The fraud spanned trading, investment, social media, and job scams. Authorities arrested 52 individuals, including three masterminds. Authorities also seized assets like mobile phones, ATM cards, laptops, cash, and identity documents, revealing the involvement of cryptocurrency in the scheme.
Norway Reveals $500mn Stake in MicroStrategy.
Norway’s Central Bank has revealed it has been holding a $514 million stake in MicroStrategy. This move is fueling optimism, with some analysts predicting a potential 50% rally in the company’s stock.
One key factor driving this long-term bullish outlook is the focus on Bitcoin. Investors are now anticipating the stock could surpass the $500 mark, adding fuel to the belief that MicroStrategy’s future is bright. With growing confidence in its Bitcoin strategy, the company’s stock is catching the attention of many in the market.
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