SEC's Ethereum ETF Decision Delayed
The U.S. Securities and Exchange Commission (SEC) has postponed decisions on Ethereum ETF applications from Grayscale, BlackRock, and Fidelity, reflecting a cautious approach in the evolving landscape of cryptocurrency regulation. This delay affects Grayscale’s Ethereum Trust conversion and BlackRock’s iShares Ethereum Trust, demonstrating the SEC’s thorough consideration process.
BlackRock's IBIT Leads Bitcoin ETF Revolution
BlackRock’s IBIT leads a rise in Bitcoin ETFs, rivaling Grayscale’s GBTC with a notable $480.8 million daily volume. Seyffart’s analysis highlights a shift in the ETF sector, as total Bitcoin ETF volume hits $24.36 billion, indicating a diverse and expanding cryptocurrency investment market.
Gibraltar Tightens Tax on Insurance and DLT Firms
Gibraltar is updating its tax laws to boost revenue from insurance and blockchain firms, incorporating anti-avoidance measures for compliance. This revision aligns with modern financial technologies and underscores the territory’s dedication to responsible fiscal regulation.
Coinbase Ascends: A Financial Odyssey
Coinbase’s stock is rising, boosted by Oppenheimer’s ‘outperform’ rating and a $160 target. Analyst Owen Lau predicts success for Coinbase in its SEC lawsuit and benefits from Bitcoin’s halving and digital adoption. Currently at $126, Coinbase is poised for a major financial breakthrough.
