The financial services company T-Rex Group has recently made headlines by filing for a 2x leveraged MicroStrategy (MSTR) exchange-traded fund (ETF) in the United States. This particular financial vehicle is expected to be one of the most volatile ETFs in the country, if approved by the Securities and Exchange Commission. The fund, named ‘T-Rex 2X
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The prediction by analyst ‘RamenPanda’ suggests that there will be no sharp correction following any potential interest rate cuts by the U.S. central bank in September or November. This scenario is based on historical examples, such as in 2008 when the Fed cut rates during a financial crisis but the markets reacted poorly, leading to
Bitcoin’s price performance has been a rollercoaster ride in recent days, with the asset surging to over $62,000 only to retract back below that level. Despite starting the week strong at over $64,000 after a quiet weekend, Bitcoin faced a massive sell-off that drove its price down to $58,400 within hours. However, the bulls quickly
The US Securities and Exchange Commission (SEC) is currently in the final stages of discussions with eight asset managers, including BlackRock, Franklin Templeton, and Grayscale Investments, regarding the approval of spot Ethereum ETFs. This comes after these firms successfully launched spot Bitcoin ETFs in January, marking a significant milestone after years of regulatory struggles. The
The US spot Bitcoin ETFs are showing signs of slow recovery, with collective inflows reaching $21.52 million on June 26th. This positive momentum follows a recent uptick in activity that began on Tuesday. However, BlackRock’s iShares Bitcoin Trust (IBIT) has not reported any new investments in the past four days, signaling a potential cooling off
Bitwise’s Chief Investment Officer, Matt Hougan, recently provided insights on the potential inflows that US Spot Ethereum ETFs could attract. In a note to investors, he projected that these funds could see $15 billion in net inflows within their first 18 months of trading. Hougan based his projection on the market capitalizations of Bitcoin and
SEC Chair Gary Gensler recently spoke at the Bloomberg Investment Summit, expressing confidence in the approval process for spot Ethereum ETFs. While he did not provide a specific timeline for when this approval might happen, he did mention that the process is currently focused on asset managers. Gensler emphasized the importance of asset managers making
The ongoing lawsuit between Ripple Labs and the US Securities and Exchange Commission has been a topic of much speculation since it began in 2020. With the trial currently underway, the outcome remains uncertain, leaving investors wondering about the future of XRP and its legal status. The court’s main focus is to determine whether XRP
The anticipation for the launch of new spot Ethereum ETFs among asset managers is at an all-time high, contingent on approval from the US Securities and Exchange Commission (SEC). This development is poised to have a significant impact on the cryptocurrency market, with Bitwise Chief Investment Officer (CIO) Matt Hougan expressing optimism about the potential
Scott Matherson is a notable figure in the cryptocurrency world, recognized for his ability to explain complex topics in a clear and engaging manner. With a background in industries such as banking and investment, Scott brings a wealth of experience to his writing in the crypto space. His in-depth knowledge allows him to break down