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ARK Invest and 21Shares' third application for a spot Bitcoin ETF now includes a surveillance sharing agreement. ARK Investment Management has amended its spot Bitcoin exchange-traded fund (ETF) application with the U.S. Securities and Exchange Commission (SEC), making it similar to BlackRock's recent filing.  The amendments include a surveillance sharing agreement with the Chicago Mercantile Exchange (CME) futures markets and crypto exchange, most "likely Coinbase", said Bloomberg's ETF analyst Eric Balchunas on Twitter. In the race for the first Bitcoin ETF in the United States, ARK's filing update puts it ahead of its competitors. JUST IN: ARK has amended their 19b-4 for spot bitcoin ETF to include a surveillance sharing agreement bt CBOE and a crypto exchange (likely Coinbase), which makes their's like BlackRock's filing now, and puts them in pole position to be approved first bc they filed first. pic.twitter.com/P8PCmPdhln — Eric Balchunas (@...

While the interest in crypto investments was on the rise last year among the home offices, 2023 saw a massive decline in such investors' certainty about the digital assets market. While the interest in crypto investments has been on the rise last year among the home offices, 2023 saw a massive decline in such investors' certainty about the digital assets market.  According to a Goldman Sachs report on May 8, named “Family Office Investment Insides,” 32% of family offices currently hold investments in digital assets. This category includes not only cryptocurrencies but also nonfungible tokens (NFTs), decentralized finance (DeFi) and blockchain-focused funds. Primary motivations of family offices to invest in digital assets. Source: Goldman Sachs  Explaining their motivations for invest ing in digital assets , the majority (19%) named the belief in the power of blockchain technology, whereas only 8% and 9% cited speculation and portfolio diversification, respectively. Related:...

An increase in Bitcoin trading volume and positive on-chain data appear to be the primary forces behind BTC’s newfound strength. The beginning of 2023 has provided Bitcoin (BTC) with bullish indicators and the rally to a year-to-date high at $21,647 has crypto traders hopeful that the worst part of the bear market has ended. The surge effect of BTC’s bullish price action is also carrying over to Ether (ETH) and Bitcoin mining stocks. The reduction in Bitcoin Fear and Greed index to neutral is possibly driven by volume increases, Bitcoin on-chain data and BTC price decoupling from equities markets. While not all analysts believe a market bottom is in, let’s dive into the data. Trading volume and volatility return Bitcoin’s price spike has been accompanied by massive growth in trading volume. Over the last week, BTC volume has more than doubled, reaching $10.8 billion, a 114% increase over 7-days. Bitcoin trading volume. Source: Arcane Research Increased trading typically correlates to...

After a tumultuous year in crypto, investors are now more selective with their funding. It’s been a tough year for crypto, and venture capital activity confirms it. The collapse of FTX in November was the latest and most shocking in a series of closures of key market players this year — including Celsius, Voyager and BlockFi — that have shaken investor sentiment and wiped out $1.5 trillion in market capitalization from cryptocurrency space. Blockchain Venture Capital funding has been on a downward slope since May 2022, and November was no different, with inflows declining even further. However, the total capital inflows for 2022 have surpassed 2021 by almost $6 billion. According to Cointelegraph Research, VC funding declined 4.8% in November, totaling $840.4 million — down from $843 million in October. The Cointelegraph Research Terminal’s Venture Capital Database — which contains comprehensive details on deals, mergers and acquisition activity, investors, crypto companies, funds...