Grayscale Meets with SEC to Discuss Spot Bitcoin ETF Details
The management team at Grayscale met on November 20 with representatives from the US Securities and Exchange Commission to discuss plans to convert GBTC into a spot Bitcoin ETF.
Fees on Bitcoin Network Jump by More Than 100%
Transaction fees have increased significantly, going up by 113% and reaching a total of $18.69. In comparison to the previous year, this marks a 746% increase.
SEC Delays Decision on Hashdex Spot Bitcoin ETF
The SEC has announced that it requires more time to decide on allowing a Bitcoin futures ETF and an Ethereum futures ETF to convert into spot ETFs, according to filings made on Wednesday.
Bitfinex: Bitcoin Will Fall to $30K
Bitfinex predicts that this trend may result in a drop to $31,000 or even $30,000.
MicroStrategy Reports Over $1 Billion in Unrealized BTC Profit
MicroStrategy’s 158,400 BTC holdings have experienced an unrealized gain of $1.17 billion, with a 25% increase according to BitcoinTreasuries.
Cathie Wood: Bitcoin is a Defensive Asset
According to Bloomberg, during a podcast with Merryn Somerset Webb, ARK Invest CEO Cathie Wood stated that she would choose Bitcoin as a defensive asset without hesitation.
Block Reports $2.42B Gains on Bitcoin Sales in Q3
In the second quarter of 2023, Block reported a revenue of $2.42 billion from the sale of bitcoins through its Cash App application, with a gross profit of $45 million.
