$104,243.00
0.94%$2,394.04
-3.32%$2.37
0.34%$641.79
-0.03%$166.41
-0.34%$0.9999
0.00%$0.22174
2.98%$0.733622
-0.63%$0.262974
-3.26%$2,393.02
-3.36%$104,303.00
1.21%$3.78
0.51%$15.27
-0.37%$2,877.26
-3.28%$22.09
-0.21%$0.283052
-1.10%$26.03
-1.24%$0.00001447
1.40%$0.191426
0.17%$8.65
0.07%$395.69
-0.07%$3.06
-0.40%$97.97
1.58%$0.99988
-0.00%$4.58
-0.57%$2,391.77
-3.47%$341.98
0.77%$5.20
4.43%$1.003
0.24%$2,550.03
-3.63%$0.000013
5.76%$0.737543
3.94%$1.001
-0.06%$104,161.00
1.02%$30.04
-0.38%$411.82
-2.41%$5.80
1.50%$219.72
-0.38%$2.72
1.62%$52.37
-1.48%$4.97
-1.56%$200.05
-0.38%$0.91838
-0.19%$0.096896
-0.34%$1.00
0.00%$0.109436
0.40%$35.55
-0.81%$5.12
-0.44%$17.94
-0.76%$21.53
-0.52%$12.82
0.88%$0.731291
0.68%$0.02781218
0.38%$1.17
0.03%$1.052
0.03%$4.48
-0.87%$4.76
1.16%$0.3658
2.82%$1.002
0.05%$104,021.00
1.22%$0.23345
0.65%$0.735822
-0.09%$4.39
-0.20%$0.218625
1.35%$2.79
0.23%$0.375464
0.23%$1.12
4.85%$2.58
-0.15%$0.498184
0.09%$4.50
-0.23%$1.001
0.23%$0.00001951
2.45%$2,401.83
-3.17%$11.49
0.08%$0.490268
0.13%$174.55
-0.80%$1,672.82
-3.07%$93.19
-0.19%$2,494.65
-3.74%$4.66
-0.17%$0.847184
0.05%$1.29
5.10%$1.27
0.33%$0.0191868
0.98%$1.90
13.27%$0.223929
-0.46%$0.775387
-2.06%$0.629849
-1.08%$0.697693
0.09%$11.79
2.36%$1.00
0.04%$0.071716
0.30%$2,711.37
-3.62%$104,321.00
1.11%$0.108481
2.91%$0.975083
3.51%$3.21
3.72%$0.00009488
5.00%$1.001
0.10%$0.999546
-0.00%$643.33
0.11%$0.668251
-0.81%$2,552.90
-3.18%$215.06
-0.34%$0.86268
2.07%$184.68
-0.27%$0.01755302
2.34%$103,843.00
0.63%$0.0189554
2.42%$0.646847
2.18%$0.887953
-2.03%$1.00
-0.00%$3,226.91
0.44%$102,509.00
-1.09%$103,739.00
0.94%$0.01243712
2.63%$0.777957
-2.19%$0.220736
1.84%$3,240.21
0.37%$2,507.29
-3.63%$0.307736
2.25%$2.21
1.07%$12.80
0.42%$0.00000073
0.05%$3.91
-0.73%$21.43
-0.18%$35.41
0.76%$0.070095
6.35%$2,508.73
-3.12%$0.115304
0.36%$0.02006027
-2.54%$4.00
2.62%$0.694712
6.83%$0.997866
0.02%$39.87
-1.50%$1.82
7.50%$0.611157
0.19%$0.402555
-0.26%$2.05
-1.28%$0.997576
-0.07%$1.87
0.31%$0.328266
0.72%$1.11
-0.16%$111.09
0.00%$0.222026
2.92%$2.03
4.71%$2,397.51
-3.20%$0.148443
-2.64%$0.9999
-0.00%$0.665769
8.19%$0.44726
3.40%$104,183.00
0.98%$2,396.19
-3.25%$18.23
0.13%$0.627682
0.19%$0.637749
1.79%$0.999265
0.03%$2,552.13
-3.28%$2,461.59
-2.35%$104,114.00
1.35%$0.00847898
-0.58%$0.15518
4.11%$7.28
1.95%$0.9999
-0.00%$2.91
0.27%$2,390.54
-3.54%$0.00506343
-0.35%$0.181548
-2.87%$102,013.00
2.10%$0.063662
-1.70%$6.43
0.03%$0.17994
3.28%$0.447868
4.38%$0.456496
4.53%$0.00002227
-1.14%$0.408486
0.29%$0.087054
0.49%$0.04823206
1.56%$1.79
9.29%$0.093178
-1.06%$0.00000043
-1.86%$1.60
4.46%$0.642835
0.21%$0.04329244
1.62%$1.38
13.31%$0.00000105
6.72%$1.27
2.31%$1.087
0.00%$0.155362
-1.74%$0.00772548
-0.34%$1.00
-0.00%$0.99072
-1.34%$0.172633
0.70%$2,387.75
-3.64%$0.999542
-0.06%$43.07
0.37%$103,312.00
1.62%$0.00450329
0.64%$1.53
1.36%$0.233585
0.52%$0.999961
0.28%$33.92
-0.05%$3.08
-0.97%$0.342713
-4.14%$0.997492
-0.28%$0.380201
-1.33%$0.01875857
-3.11%$0.0035171
6.90%$0.374229
0.85%$0.776792
7.55%$0.00507581
3.63%$26.01
-1.95%$2,527.33
-3.79%$0.831634
-0.81%$0.03495111
-0.55%$129.54
-1.60%$1.10
0.01%$0.00006125
0.19%$104,079.00
0.99%$0.655299
15.98%$2,631.65
-3.37%$19.87
-3.25%$0.32477
7.15%$3.59
6.14%$1.001
0.01%$0.00000156
-3.03%$2,605.12
-3.57%$0.99976
-0.01%$0.999831
0.02%$0.282287
6.16%$0.249611
1.07%$0.678867
-0.80%$0.00072269
2.12%$18.42
0.47%$2,394.70
-3.17%$0.216258
-0.16%$22.04
-0.35%$0.00330894
5.86%$0.501797
3.74%$2.60
1.38%$2,398.64
-3.17%$25.95
-2.09%$0.00280925
6.20%$2,577.47
-3.52%$23.12
0.76%$0.999915
0.02%$0.00
3.84%$0.686882
36.28%Reading
BlackRock's iShares Bitcoin Trust ETF could receive a significant update, per a Friday 19b-4 form filing from Nasdaq, which proposed a rule change to the exchange-traded fund that would enable in-kind BTC redemptions rather than just for cash.
Authorized participants, aka large institutional investors, would be able to redeem shares of the ETF for the underlying Bitcoin, rather than being forced to sell the Bitcoin via a market maker and deliver cash instead.
That's the current status quo, as established when IBIT and other Bitcoin ETFs were approved for trading by the SEC in January 2024, when Joe Biden was president and the regulator was run by crypto skeptic Gary Gensler.
On Thursday, the U.S. Securities and Exchange Commission (SEC) rescinded Staff Accounting Bulletin (SAB) No. 121, signaling a shift in its approach to regulating crypto-assets under Commissioner Hester Peirce, who now heads the agency's newly formed crypto task force. Introduced in March 2022, SAB 121 required companies to record a liability and a corresponding asset for crypto assets held on behalf of users. Critics, including Peirce, argued that the guidance added unnecessary complexity and c...
But things are changing under the newly inaugurated President Donald Trump, including the departure of Gensler and the creation of an SEC crypto task force that appears focused on creating clear regulation for the industry.
On Thursday, the SEC rescinded the controversial crypto accounting rule, called SAB 121, which discouraged banks from taking custody of crypto.
But this new rule would significantly streamline the process of redemptions, according to Bloomberg ETF analyst James Seyffart, with fewer steps and fewer parties needed to complete a redemption. And without a requirement to redeem for cash, there could be less selling of Bitcoin overall when ETFs are hit with redemption requests.
Wow. Way too many questions and this stuff goes pretty deep in the weeds. So i'll keep it high level and answer "What does this mean?"
Not all that much for individual retail investors. Mostly what it means is that ETFs should trade even more efficiently than they already do… pic.twitter.com/LWYsKmo5sH
— James Seyffart (@JSeyff) January 24, 2025
In a post reply on X, Seyffart pointed to the SAB 121 repeal as a key part of the equation in the proposed ETF rule change.
"The side effects from abolishing SAB 121 are likely only just beginning," he suggested.
Meme coins are once again outperforming broader crypto markets as renewed investor appetite drives up prices and trading volumes across speculative assets. The rally marks a return of risk-on sentiment in the sector, with meme coins—often driven by retail enthusiasm and social media virality—outperforming many major Layer-1 tokens. Meme coins saw steep corrections in the weeks following President Donald Trump’s January inauguration, as speculative appetite cooled and momentum faded across the b...
Bitcoin is trading just shy of record levels, rising alongside renewed interest in exchange-traded funds and shifting economic signals that are drawing investor capital back into risk assets. The crypto climbed above $105,700 on Sunday evening, extending gains made over the past two weeks. The asset is trading just above $106,500, CoinGecko data shows. While previous rallies were often powered by retail speculation, this one is unfolding amid heavy flows into spot Bitcoin ETFs, stable interest...
Bitcoin continued its recent rebound back towards its all-time high mark, rising above $105,000 Sunday for the first time since January as other top coins show even larger daily gains. The leading cryptocurrency is currently trading for $105,414, per data from CoinGecko, rising more than 2% on the day and pushing its 30-day spike to nearly 25%. At its current price, Bitcoin is currently just 3% away from its all-time high peak of $108,786 set back on January 20, President Trump's inauguration da...
