🇺🇸 SEC approves first spot Bitcoin and Ethereum combo ETFs from Hashdex and Franklin Templeton
The U.S. Securities and Exchange Commission has approved filings from the Nasdaq and Cboe BZX Exchange to list and trade shares of crypto index exchange-traded funds from Hashdex and Franklin Templeton, respectively. Both the Hashdex Nasdaq Crypto Index US ETF and Franklin Crypto Index ETF will initially hold spot bitcoin and spot ether based on their respective market capitalizations, so an approximate 80/20 split in bitcoin’s favor, and are likely to launch in January, according to Bloomberg ETF analyst Eric Balchunas.

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@cryptomagazine

💰 Bitcoin falls to $100,000 following hawkish FOMC despite 25bp rate cut

Bitcoin (BTC) fell to a low of $100,300 following hawkish comments by Fed chair Jerome Powell during the Federal Open Market Committee’s (FOMC). Markets retreated lower despite the expected 25 basis point cut in the US interest rate, bringing the rate to the 4.5% to 4.75% range. Bitcoin was trading at $100,740 as of press time, down 5.7% over the past 24 hours, based on CryptoSlate data.

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@cryptomagazine

💰 BlackRock’s IBIT becomes decade’s top ETF for inflows, surpassing all rivals
BlackRock’s spot Bitcoin (BTC) exchange-traded fund (ETF) IBIT became the most successful ETF launch in over 10 years, following the $418.8 million in net flows registered on Dec. 16. Nate Geraci, CEO of The ETF Store, highlighted that IBIT had beaten approximately 2,850 ETFs.

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@cryptomagazine

💰 Riot Platforms increases its bitcoin holdings by over 5,000 BTC
Riot Platforms announced on Friday that it had acquired 5,117 bitcoin between Dec. 10 and Dec. 12, 2024. The bitcoin miner's most recent acquisition of the largest digital asset came in at approximately $510 million, at an average price of approximately $99,669 per bitcoin, inclusive of fees and expenses. The company has now increased its total bitcoin holdings to 16,728.

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@cryptomagazine

💰 Alabama state auditor calls to establish Bitcoin reserve
State Auditor Andrew Sorrell has proposed that Alabama create a strategic Bitcoin (BTC) reserve to ensure its continued leadership in crypto adoption. He argued that such a move would diversify the state’s assets, attract crypto-focused businesses, and establish Alabama as a pioneer in the digital asset space.

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@cryptomagazine

💰 Bitcoin recovers $100k price level as expectations of Fed rate cut rise
Bitcoin (BTC) briefly surpassed the $101,000 threshold after a 3% surge in the hours following November’s Consumer Price Index (CPI) numbers, which came within the 2.7% expectations. The rally has fueled investor confidence, with a 98% probability now assigned to a 25 basis point rate cut by the Federal Reserve next week, potentially bringing the US benchmark interest rate to 4.33%.

Source

@cryptomagazine