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Apr 9, 2021 06:06 GMTCrypto News
BNY Mellon will be the ETF service provider for First Trust Advisors and SkyBridge Capital once it is approved by the Securities & Exchange Commission.
An expert suggested that a Bitcoin ETF approval by the regulator could come in a year or two.
Bitcoin ETF proposals continue to grow as the adoption of cryptocurrencies has reached a tipping point.
The oldest bank in the United States will become the service provider for a proposed Bitcoin exchange-traded fund (ETF) by First Trust Advisors and SkyBridge Capital.
BNY Mellon to provide Bitcoin ETF basket operations
BNY Mellon has recently announced that it would be the Bitcoin ETF service provider for the fund following an approval by the US Securities & Exchange Commission (SEC).
Chinaâs control of bitcoin mining terrifies investors
New research suggests coal-powered China controls around 75 per cent of bitcoin mining, with it set to consume as much energy as Italy by 2024.
Apr 7, 2021 â 4.45pm
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Calls for a crypto carbon tax are rising as new research suggests bitcoin mining alone will consume as much energy as Italy by 2024, with China racing ahead of the West in leveraging digital currencies for political gain.
The debate over bitcoinâs energy consumption is also starting to divide China and the woke West, as celebrity
Shark Tank investor and software entrepreneur Kevin OâLeary told CNBC television this week he would only buy bitcoin mined sustainably, rather than âblood coinâ mined in China.
Apr 7, 2021
Stanislav Kozlovski walks us through the most important events for Bitcoin in the first quarter of 2021.
Gradually, then suddenly.
It is the way that Hemingway penned the process of going bankrupt: first comes a series of incremental steps which bring you closer to bankruptcy, until reality hits you and a sudden realization of what has occurred dawns upon you.
This process can be thought of as a universal one: it applies to many things in life, like achieving success, declining health or the once-in-a-lifetime emergence of a brand-new asset class.
Across the “gradually, then suddenly” spectrum, Bitcoin is inching closer and closer to the “suddenly” part and this quarter is an immaculate example of that.
Anthony Scaramucci, known Bitcoin proponent heading global investment firm SkyBridge Capital, believes that the future of the digital asset in investment portfolios is inevitable.
What Happened: In a recent interview with CNBC, Scaramucci called it the apex predator in the space. I tell my clients whether you like it or not, the world is moving into digitization.”
SkyBridge Capital’s Bitcoin Fund LP holds over $600 million worth of Bitcoin at present, and two weeks ago, the firm applied for the SEC approval of a Bitcoin ETF.
However, by Scaramucci’s own admission, SkyBridge’s focus on Bitcoin may have more to do with its clients’ preferences rather than his own.