The Rise and Fall of Bitcoin ETFs: Why Vanguard is Saying No The Hype Surrounding Bitcoin ETFs Bitcoin exchange-traded funds (ETFs) have been making waves in the market recently. Investors and traders alike have been eagerly awaiting the launch of these products, hoping to get a piece of the action in the volatile world of…
FPT: Paving the Way for Future Technological Advancements Setting Long-Term Goals for 2030 and Beyond When it comes to navigating the complex landscape of business challenges and opportunities in today’s fast-paced world, one company stands out as a true technology enabler – FPT. With a strong focus on innovation and a clear vision for the…
The Integration of Bitcoin into Mainstream Markets Understanding Bitcoin’s Correlation with Traditional Assets The integration of Bitcoin into mainstream markets took a significant leap forward with the SEC’s approval of the first spot Bitcoin ETF in the U.S. This benchmark event underscores the importance of comprehending how Bitcoin interacts with conventional assets, especially for traditional…
The People’s Bank of China’s USD/CNY Reference Rate Introduction The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain…
The newly approved 11 spot Bitcoin ETFs: Breaking Records Spot Bitcoin ETF trading volume breaks above $4 billion on first day Did you hear the news? The newly approved 11 spot Bitcoin ETFs have just made history by amassing over $4 billion in trading volume on their very first day. It’s a monumental achievement in…
How the Market Reacted to Hawkish US Dollar Data The Initial Reaction The data today was straightforward and hawkish for the US dollar, but the market reaction hasn’t played out that way. The initial pop higher in the dollar and slump in equities has faded. In particular, the fixed income market appears to be brushing…
Bitcoin’s Brief Rally and Subsequent Decline Introduction Bitcoin (BTC) experienced significant volatility following the launch of the first spot BTC exchange-traded funds (ETFs) in the United States. BTC surged above the $49,000 threshold, marking its highest level since December 2021, immediately after these ETFs began trading. However, the cryptocurrency rapidly declined almost 4% within the…
What is a Bitcoin ETF and How Does it Impact Crypto Payments? The introduction of Bitcoin Exchange-Traded Funds (ETFs) marks a significant milestone in the world of crypto. Understanding what a Bitcoin ETF is and its potential impact on crypto payments is crucial for both investors and businesses considering the adoption of cryptocurrencies. What is…
