Tag: bitcoin etf approval

Ark Invest Secures SEC Approval for Bitcoin ETF Aiming for $1.5 Million by 2030

January 14, 2024January 14, 2024 iFreshBriefs No Comments

Ark Invest, an investment firm led by CEO Cathie Wood, has received approval from the US Securities and Exchange Commission (SEC) to launch an Exchange-Traded Fund (ETF). In a bold projection, the firm predicts that Bitcoin could reach a valuation ranging from $600,000 to $1.5 million by 2030. This prediction was detailed in ARK Invest’s…

Finance, Tech

Bitcoin and Ethereum lead crypto market gains as total cap hits $1.77 trillion

January 11, 2024January 11, 2024 iFreshBriefs No Comments

The cryptocurrency market has seen a remarkable rise and is leading the way. Bitcoin price climbed to $46,313, reflecting a daily gain of 0.71% and a weekly gain of 7.17%. Similarly, Ethereum saw its value increase to $2,606, representing a daily increase of 0.67% and a significant weekly increase of 16.29%. Other major cryptocurrencies also…

Finance, Tech

US SEC Approves Most Awaited Bitcoin ETF in watershed for crypto market

January 11, 2024January 11, 2024 iFreshBriefs No Comments

The U.S. securities regulator on Wednesday approved the first U.S.-listed exchange-traded funds (ETFs) to track bitcoin, its chairman Gary Gensler said, in a watershed for the world’s biggest cryptocurrency and the broader crypto industry. The U.S. Securities and Exchange Commission approved 11 applications, including from BlackRock (NYSE), Ark Investments, 21Shares, Fidelity, Invesco, and VanEck, according…

Finance, Tech

Ethereum Whale Accumulates $48M in ETH as Price Stabilizes Above $2,150

January 6, 2024January 6, 2024 iFreshBriefs No Comments

The whale tagged ‘0x931’ made a major move by acquiring $48 million worth of Ethereum at an average price of $2,265 per coin. This recent purchase increased their holdings to a substantial 80,000 ETH. The cryptocurrency has shown stability in its value, maintaining a price above $2,150 since the beginning of the year and currently…

Finance, Tech

BlackRock to lay off 3% of workforce as it awaits SEC ruling on Bitcoin ETF

January 6, 2024January 6, 2024 iFreshBriefs No Comments

BlackRock Inc (NYSE), the world’s largest asset manager, is set to cut about 3% of its workforce, affecting about 600 employees. The move comes as the company’s shares show signs of a recovery, with a 6% gain in 2023 after a 21% decline in the previous year. Layoffs are part of the performance-related restructuring process….

Finance

Bitcoin is predicted to rise after the April 2024 halving event

January 6, 2024January 6, 2024 iFreshBriefs No Comments

Market analysts are predicting a major rally for the next halving event scheduled for April 23, 2024. Historical data suggests that the cryptocurrency tends to post significant gains after such events, with more than 400% average annual returns following previous halvings. This optimism is shared by many in the investment community as they closely monitor…

Finance

Dollar Begins 2024 Gains on Yen, Euro, Bitcoin Above $45,000

January 2, 2024January 2, 2024 iFreshBriefs No Comments

The dollar rose on the first trading day of the year as attention turned this week to U.S. jobs data and European inflation numbers that may provide clues to central bank moves, while bitcoin rallied. The rate, which measures the US currency against six rivals, was last at 101.55, up 0.17%. It fell 2% in…

Finance

Ethereum (ETH) $3,600 Target Indicated Ahead of Ethereum ETF Approval.

December 30, 2023December 30, 2023 iFreshBriefs No Comments

Ethereum Target Price | Ethereum (ETH) price falls above $2,100 in crucial ‘weekly support retest’. As such, another 50% increase could be on the cards. Another target for Ethereum (ETH) price can be found at $3,600. As such, the trader asks his audience if they are ready to “teleport” to such impressive price levels and…

Finance