UBS and Citi Will Let Some Customers Trade Bitcoin ETFs, Contrary to Rumors
The Zürich-based banking giant’s decision contrasts with Vanguard’s decision to bar customers from buying bitcoin ETFs.
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The Zürich-based banking giant’s decision contrasts with Vanguard’s decision to bar customers from buying bitcoin ETFs.
“All it was doing was generating noise,” the Bitcoin Core maintainer Ava Chow says of Luke Dashjr’s pull request, which would have severely curtailed the use of Ordinals.
Vanguard, one of the largest asset managers in the world, is preventing customers from buying the newly approved bitcoin ETFs.
ARK Invest’s CEO previously predicted the price to reach $1 million by 2030.
Bitcoin hit its highest price in more than two years Thursday before it fell back to $46,000 as the highly anticipated spot bitcoin ETF debut unleashed volatility.
The fund saw about $400 million of inflows within 30 minutes of its trading debut, CF Benchmarks said.
The crypto exchange has a dominant role in all but one of the approved ETFs, acting as an issuer or custodian, the report said.
Grayscale received the regulatory green light to convert its flagship product into an ETF on Wednesday.
Majority of token holders favor onboard PYUSD in AAVE’s Ethereum pool, the ongoing vote shows.
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler conceded that the regulator’s loss in court over rejecting Grayscale’s application for a spot bitcoin exchange-traded fund (ETF) left it little recourse but to approve about a dozen such proposals Wednesday.