Payments giant PayPal has, shortly after launching its dollar-backed stablecoin PayPal USD (PYUSD), updated its terms and conditions to introduce the “Cryptocurrencies Hub,” which allows users to store and manage Bitcoin and other digital assets in their PayPal accounts.
If the U.S. Securities and Exchange Commission (SEC) greenlights a spot Bitcoin exchange-traded fund (ETF), it could represent a hefty 10% of Bitcoin’s market value within a three-year span, according to analysts at Bernstein.
Europe has taken a lead over the U.S. with the introduction of its first Bitcoin exchange-traded fund (ETF) as London-based Jacobi Asset Management listed its ETF on Euronext Amsterdam, where it trades under the BCOIN ticker.
Top stories in the Crypto Roundup today:
- PayPal to Introduce Cryptocurrencies Hub for Select Users
- Spot Bitcoin ETF Could Account for 10% of Bitcoin’s Market Value: Berenstein
- Jacobi Launches Europe’s First Spot Bitcoin ETF