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JEPQ previously held the record for the fastest exchange-traded fund, reaching $10 billion in assets under management (AUM) in 647 trading days, taking around three years.BlackRock’s IBIT and Fidelity’s FBTC passed $10 billion AUM in 49 and 77 trading days, respectively.
Kraken’s lawyers said in a court document filed on Thursday that the agency has “not identified any investment contracts that were (or could be) traded, brokered, or settled on Kraken.” A hearing to discuss Kraken’s move to dismiss the SEC’s lawsuit is set for 2 p.m. ET on June 12.
Binance faces more regulatory issues from the govts of Nigeria and Canada, while BTC’s price calms around $63K.
The U.S. Dollar Index (DXY) has declined following a rise in U.S. jobless claims.The DXY downturn could benefit bitcoin and equity markets, analysts say.
Harvest Global CEO and CIO Tongli Han said he ‘doesn’t rule out’ applying to offer its bitcoin and ether ETFs via the Stock Connect scheme for mainland Chinese investors, according to a report.However, the program currently does not allow mainland investors to invest in crypto futures ETFs in Hong Kong, let alone spot crypto counterparts.
Toncoin is poised for a potential 20% increase in the upcoming weeks, mirroring a bullish fractal pattern previously observed in February 2024.
- 15:24Mainstream CEX Cumulative Short Liquidation Strength Up To 176 Million If Bitcoin Rallies Above $100,000If Bitcoin rises above $100,000 to $100,048, the cumulative short liquidation strength of mainstream CEX orders would be 176 million. Conversely, if Bitcoin falls below $98,000 to $97,978, the cumulative mainstream CEX long liquidation strength would be 581 million.
- 15:22Interest rate futures traders expect the Fed to make its next rate cut in MayGold Finance reports that interest rate futures traders expect the Federal Reserve to make its next rate cut in May, after expecting June.
- 14:43Investment bank KBW gives Strategy a "beat the market" rating, with a target price of 560 US dollarsAccording to a ChainCatcher message reported by CoinDesk, investment bank KBW has released a research report, giving Strategy (formerly MicroStrategy) an outperform rating for the first time, with a target price of $560. KBW analysts stated that Strategy will adopt FASB's latest accounting standards in the first quarter of 2025. This could potentially make it eligible for inclusion in the S&P 500 index as one of the key criteria for inclusion is having positive net profits in both the most recent quarter and cumulatively over the past four quarters. Furthermore, as a publicly traded company holding the largest scale Bitcoin reserves, Strategy is expected to earn on-chain income through Bitcoin network applications in future.