Bakkt stock goes parabolic, GBTC outpaces BITO ETF and Tom Brady offers 1 BTC...
Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link.Top Stories This WeekBakkt shares skyrocket after partnering with Mastercard and Fiserv On Monday, the share price of the Intercontinental Exchange-backed crypto services company Bakkt (BKKT) surged 120% on the back of two major partnerships with Mastercard and Fiserv.Both partnerships were announced on Monday, with the Mastercard deal....
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ICE's Bakkt institutional exchange will launch on stock markets at a possible $2.1 billion valuation. The Intercontinental Exchange, the owner the New York Stock Exchange and institutional cryptocurrency exchange Bakkt, announced a deal that would see its crypto arm listed on the stock markets.As reported by the Wall Street Journal, Bakkt is set to merge with VPC Impact Acquisition Holdings, trading under the ticker VIH. VPC is a so-called Special Purpose Acquisition Company, or SPAC. It is a shell company whose only purpose is to buy or merge with another company and allow it to be listed....
The digital asset company Bakkt Holdings has completed a merger with a firm called VPC Impact Acquisition Holdings and the combined business will be listed on the New York Stock Exchange (NYSE) on October 18. Bakkt revealed it was aiming to go public last January, and the Bakkt listing on Monday will leverage the ticker “BKKT.” Digital Currency Firm Bakkt Set to List on NYSE Next Week The digital currency firm Bakkt is set to start trading on NYSE next week, according to an announcement from the combined firms on Friday. The shares will be called “BKKT” and the....
There's little to smile about when it comes to institutional participation in Bitcoin as the end of the year, data shows. Bitcoin (BTC) institutional demand is conspicuously wanting at the end of the year as data flags the "underperformance" of the United States' first Bitcoin futures exchange-traded fund (ETF).As noted by markets commentator Holger Zschaepitz on Dec. 29, the ProShares Bitcoin Strategy ETF (BITO) is now trading at nearly 30% below its launch price.Anticlimax rounds out 2021 for ProShares ETFIn a sign of the times regarding Bitcoin sentiment, the hype that accompanied....
Grayscale's flagship Bitcoin fund had no competition from the newly-launched ETF products in their first seven days, figures show. Bitcoin (BTC) investment vehicle the Grayscale Bitcoin Trust (GBTC) outperformed the newly-launched exchange-traded funds (ETFs) last week, data shows.Figures shared by Grayscale executives among others confirm that GBTC quietly delivered better investor returns since Oct. 19.Grayscale "discount" hits one-month lowsWhile talk continues to revolve around Bitcoin futures ETFs and their market impact, industry stalwart Grayscale is biting back.Amid claims that the....
As Bakkt prepares to be listed on the NYSE, even more crypto companies could be going public in the future. Digital assets marketplace Bakkt is set to go public on the New York Stock Exchange in 2021, which could pave the way for more cryptocurrency service providers to follow suit. The Intercontinental Exchange announced on Jan. 11 that its cryptocurrency marketplace Bakkt would soon be listed on the NYSE public stock market. This will be done through a merger with a special purpose acquisition company VPC Impact Acquisition Holdings.The shell company will be used to merge with Bakkt in....