BITCOIN

Cryptocurrency exchange Coinbase says spot bitcoin exchange-traded funds (ETFs) could add billions of dollars to the total crypto market cap. Coinbase also believes that the chances of one or more spot bitcoin ETFs being approved by the U.S. Securities and Exchange Commission (SEC) before the end of 4Q23 “have sharply improved.” Coinbase’s Spot Bitcoin ETF Prediction Coinbase Institutional, a division of crypto exchange Coinbase (Nasdaq: COIN) that provides solutions for institutional investors, released its November Monthly Outlook titled “Why an ETF Matters” on Sunday. David Duong, Head of Institutional Research at the cryptocurrency exchange, detailed that spot bitcoin exchange-traded funds (ETFs) can take BTC “further into the mainstream, putting it within reach of millions of investors in broker-dealer, RIA [registered investment advisor] and tax-advantaged account structures.” He continued: In the long run … spot bitcoin ETFs could add billions of dollars to the total cryp

Ark Invest CEO Cathie Wood says the crypto ecosystem will be dominated by bitcoin and ether and will scale from about $1 trillion today to $25 trillion in 2030. “The regulatory breakthrough is very important to bring institutions online,” said the asset manager, emphasizing that the partnership between Blackrock, the world’s largest asset manager, and the Nasdaq-listed crypto exchange Coinbase “ is going to be very important.” Cathie Wood’s Crypto Market Outlook: $25T by 2030 Cathie Wood, the CEO and CIO of Ark Investment Management (Ark Invest), discussed the future outlook for the crypto industry and the potential approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) in an interview with CNBC on Tuesday. Wood is optimistic about the SEC approving spot bitcoin ETFs, pointing to “significant” changes in the current regulatory landscape compared to a year ago. She mentioned, “The SEC actually asked us questions,” referring to Ark’

The U.S. Securities and Exchange Commission (SEC) has published its latest enforcement results relating to crypto assets. “Fiscal year 2023 was another highly productive and impactful year for the SEC’s enforcement efforts relating to crypto asset securities,” the regulator described. “The investing public benefits from the Division of Enforcement’s work as a cop on the beat,” SEC Chairman Gary Gensler claimed. SEC’s FY 2023 Crypto Enforcement Actions The U.S. Securities and Exchange Commission (SEC) announced its enforcement results for the fiscal year 2023 on Tuesday. The securities regulator revealed that it filed 784 total enforcement actions, a 3% increase over fiscal year 2022. SEC Chair Gary Gensler commented: The investing public benefits from the Division of Enforcement’s work as a cop on the beat. Regarding crypto assets, the SEC stated: “Fiscal year 2023 was another highly productive and impactful year for the SEC’s enforcement efforts relating to crypto asset securit