Day: December 8, 2023

In a quick overview, VanEck envisions the long-awaited U.S. recession arriving in 2024, while still foreseeing approvals for spot bitcoin ETFs and the halving event propelling bitcoin to record highs by Q4. Other predictions from the investment manager for the upcoming year include the absence of an “ether flippening,” Solana’s continued outperformance, a notable resurgence…

Fidelity engaged in discussions with the Securities and Exchange Commission (SEC) on December 7 regarding its proposed spot bitcoin ETF, as outlined in a memo on the regulator’s official website. The asset management giant presented the SEC with a comprehensive overview titled “Bitcoin ETF Workflows,” encompassing slides that elucidate “In-Kind” creation and redemption models. The…