The reserve will be capitalised with bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings, said the new White House crypto czar
US President Donald Trump on social media announced five digital assets he expected to include in a new reserve, including bitcoin, ether, XRP, solana and cardano
The cryptocurrency’s price has more than doubled this year and is up about 40 per cent in the two weeks since Trump was voted in as the next US president
Finstreet’s subsidiaries – Finstreet Global Market, Finstreet Global Clearing and Settlement, and Finstreet Capital – have received financial services permissions from ADGM’s FSRA
Retail investors have dominated flows into the new ETFs, with only a handful of large institutions having publicly disclosed positions in regulatory filings
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The cryptocurrency has gained 50 per cent this year and most of the rise come in the last few weeks where trading volume has surged for US-listed bitcoin funds
The approval and launch of spot bitcoin ETFs in the US this year has opened the asset class to new investors and reignited the excitement that was sapped in the “crypto winter” of 2022