Bitcoin Briefly Pushes Above $31K After Fidelity Spot ETF Report
Fidelity previously applied for a spot bitcoin ETF in 2021, but the effort was rejected by the SEC.
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Fidelity previously applied for a spot bitcoin ETF in 2021, but the effort was rejected by the SEC.
Users will be able to buy and sell bitcoin, ether, USDT, EURT and XAUT.
The fund founded by Su Zhu and Kyle Davies suffered big losses on the collapse of the Terra ecosystem starting in May 2022 and took on additional leverage despite already being insolvent, the liquidators say.
HSBC’s customers in Hong Kong have in fact been able to trade such crypto investment products since they were listed on the Hong Kong Stock Exchange in December.
The first $15 million will be drawn shortly after closing the deal, while another $15 million is conditional on closing a merger with peer USBTC.
CEO Mike Belshe said he sees consolidation in the crypto custody sector in the next six months.
The latest price moves in bitcoin (BTC) and crypto markets in context for June 26, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Open interest has surged to $11 billion to its highest level in over a year.
Banking giants like Standard Chartered, HSBC and Citi are set to run multiple tokenization trials across financial asset classes.
Some LUNC token holders remain committed to a Terra ecosystem revival.