Europe’s first Bitcoin ETF listed;Donald Trump has $2.8 million in his Ethereum wallet; Binance Connect closes on August 16
The crypto industry has recently been awash with spotlight Bitcoin ETFs from companies in the US. With the ETF application storm started by BlackRock in mid-June, many crypto companies flooded regulators with applications.
The market, which has been experiencing ETF excitement recently, is eagerly awaiting the outcome of the applications made in the US.
Likewise, the curious wait for Bitcoin ETF in Europe continued. As of today, it was reported that the first Bitcoin ETF application in Europe was approved.
Europe’s first Bitcoin ETF came with Jacobi Asset Management
Europe’s first spot Bitcoin (BTC) exchange-traded fund was expected to launch later this 2023 after a one-year delay.
As reported, Jacobi Asset Management, a London-based multi-asset investment platform, was expected to launch its Bitcoin ETF on the Euronext Amsterdam exchange in July 2022.
As of August 15, Jacobi Asset Management’s Bitcoin ETF was listed on the Euronext Amsterdam exchange.
It was also stated that the ETF is regulated by the Guernsey Financial Services Commission and will be traded under the BCOIN code.
On the other hand, Jacobi CEO Martin Bednall also made statements on the subject:
“This fund is designed to provide institutional investors with simple, secure and transparent access to Bitcoin while meeting sustainability requirements. We believe the ETF launch will be a catalyst for institutional adoption of digital assets.
Donald Trump has $2.8 million in his Ethereum wallet!
Recently, it was revealed that Donald Trump, one of the most talked about presidents of the United States, owns Ethereum (ETH). Trump was estimated to have between $250,000 and $500,000 worth of ETH.
However, according to a newly shared financial statement, the former US president has more assets than estimated. According to the financial statement, former US President Donald Trump has more than $2.8 million in an Ethereum wallet.
Citizens for Responsibility and Ethics in Washington, a non-profit watchdog organization, said Trump used his image to generate over $4.8 million in licensing fees tied to NFT collections. The organization stated that Trump earned approximately $7.6 million in total from his crypto-related initiatives.
So much so that the $2.8 million in Trump’s current Ethereum wallet is considerably larger than the former US president’s recently announced figure of $250,000 to $500,000.
On the other hand, it cannot be said that Donald Trump has a very moderate attitude towards cryptocurrencies. Trump has previously expressed his skepticism about cryptocurrencies, saying that these assets could be fake.
Trump has also been particularly opposed to Bitcoin (BTC), saying that it looks like a scam and that he does not like it because it is another currency that competes against the dollar.
Binance Connect closes on August 16
Binance Connect, Binance’s regulated cryptocurrency trading arm, will be shut down on August 16.
A Binance spokesperson made the following statements on the matter:
“At Binance, we periodically review our products and services to ensure that our resources continue to be focused on our core efforts aligned with our long-term strategy. Over the past six years, Binance has transformed from an exchange to a global blockchain ecosystem. We are constantly adapting and evolving our business approach in response to changing market and user needs.”
Launched on March 7, 2022, Binance Connect was then known as Bifinity. The service served as a fiat-to-crypto payment provider connecting crypto companies to the traditional financial system. At launch, the platform supported various payment systems, including Visa and Mastercard, and 50 cryptocurrencies. On the same day, the UK’s Financial Conduct Authority (FCA) raised concerns about Bifinity providing a $36 million convertible loan to NASDAQ-listed crypto investment company Eqonex.
The FCA stated that because of the investment, certain owners of Bifinity’s parent company Binance Group, which is not regulated in the UK, could be considered beneficiary owners of Eqonex.
Recently, Binance Australia also suspended its fiat money services, citing a problem with third parties.
