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Crypto

U.S. SEC approves listing of six 3x leveraged ETFs tracking bitcoin and five other assets

The U.S. Securities and Exchange Commission approved the listing and trading of six 3x leveraged ETFs tracking bitcoin, ether, gold, silver, oil and natural gas. The approval was made by clearing a rule change filed by the Cboe BZX Exchange, Coinpost reported. The products seek to deliver three times the daily moves of their underlying assets before fees, using futures. The approval covers listing only, with additional steps required before trading begins.

Crypto

Coinbase CEO says bitcoin could reach $400,000 by 2030

Coinbase CEO Brian Armstrong said he is maintaining his view that bitcoin could reach $400,000 by 2030, citing past halving cycles. He said bitcoin supply has fallen about every four years and previous halvings were followed by surges and sharp corrections, but stressed the estimate is not a fixed target. Coinbase added a fixed-rate product allowing users to borrow USDC against bitcoin. U.S. spot bitcoin ETF inflows increased.

Crypto

BlackRock\'s IBIT bitcoin spot ETF surpasses GLD in daily trading

BlackRock’s iShares Bitcoin Trust ETF, IBIT, rose more than 5 percent in daily trading and outpaced the SPDR Gold Shares ETF, GLD, in both trading volume and gains. IBIT posted $1.56 billion in turnover, ranking fifth among ETFs, while GLD recorded $907.64 million and ranked ninth. IBIT traded around $45.81 to $45.86, while GLD was near $398.96 with a 0.15 percent rise.