Less than a month after the first bitcoin exchange-traded fund (ETF) started trading in the U.S. investment firm VanEck’s Bitcoin Strategy ETF (XBTF) started trading at Cboe Global Markets. The fund tracks prices for bitcoin futures at the Chicago Mercantile Exchange (CME).
The Indian government will reportedly ban the use of cryptocurrencies for payments, but will allow and regulate cryptoasset trading. The government plans to present a crypto regulation bill in the parliament’s winter season.
Twitter CFO Ned Segal has said that investing in cryptocurrencies “doesn’t make sense right now,” as the microblogging platform would have to change its investment policy to hold more volatile assets on its balance sheet and instead prefers to hold assets with less volatility such as securities.
This week we are diving into Yuga Labs Bored Ape Yacht Club collection, brought to you in partnership with NFT data and discovery platform Masterpiece.
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Top stories in the Crypto Roundup today:
- VanEck’s Bitcoin ETF Starts Trading on Cboe
- India to Ban Crypto Payments, Regulate Trading as Assets
- Twitter CFO Dismisses Investing in Crypto
- NFT Spotlight: Bored Ape Yacht Club’s Rise
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