[Comparative Morning Post] NYDIG submitted a Bitcoin ETF application to the SEC, with Morgan Stanley as an authorized participant; CryptoCompare reports: the market share of the top cryptocurrency exchanges has exceeded 1 trillion US dollars; the second Bitcoin ETF has been approved! Evolve Bitcoin ETF approved by Canadian regulators

Blockchain news you need to know every morning:

[NYDIG submits Bitcoin ETF application to SEC, and Morgan Stanley is an authorized participant]

The New York Digital Investment Group (NYDIG) has submitted an application to the US Securities and Exchange Commission (SEC) for a Bitcoin ETF, with Morgan Stanley as an authorized participant. According to an open application, NYDIG wants its Bitcoin ETF to be listed on the New York Stock Exchange (NYSE). The New York Stock Exchange is the world's largest stock exchange market, with listed assets of around $23 trillion. According to the document, “The investment goal of this trust is to reflect the performance of the Bitcoin price minus the operating costs of the trust, and does not seek to reflect the performance of any benchmark or index. In order to achieve its investment goals, the Trust will hold Bitcoin and will value assets on a daily basis in accordance with generally accepted accounting principles, mainly by reference to transactions in Bitcoin's main active market.”

[CryptoCompare Report: Top Cryptocurrency Exchanges Have Exceeded $1 Trillion in Market Share]

The top cryptocurrency exchanges have surpassed $1 trillion in market share, according to a report released by CryptoCompare today. The report ranked over 160 global spot exchanges, of which 76 were rated as “top” exchanges, controlling approximately 85% of the market share. Six exchanges were rated AA, namely Coinbase, Gemini, Bitstamp, Kraken, itBit, and Luno. The report also said that the exchange's KYC and AML standards have been greatly improved. 44% of exchanges provided the service of “querying complete historical transaction data through public API endpoints,” compared to only 37% in July. Additionally, the share of exchanges rated as having “poor or inadequate” KYC systems has dropped from 44% in July to 33% in January.

[Second Bitcoin ETF approved! Evolve Bitcoin ETF approved by Canadian regulators]

The Bitcoin exchange-traded fund (ETF) of financial company Evolve Funds Group Inc has been approved by the Ontario Securities Commission (OSC) in Canada, becoming the second Bitcoin ETF approved by Canada after Purpose Investments. The fund will be traded on the Toronto Stock Exchange.

[Crypto market pulls back, Bitcoin falls after breaking through a new high of $50,000]

The overall crypto market has declined slightly over the past 24 hours. Bitcoin, the number one cryptocurrency by market capitalization, fell after breaking through a new high of $50,000 and is currently hovering above $48,000. Ethereum adjusted sideways in an effort to reach the $1,800 mark. The current total market capitalization of the cryptocurrency market is $1,490,829,113,298, and the 24-hour trading volume is $311,544,213,001. Bitcoin accounts for 60.60% of the market. In the past 24 hours, 6 of the top 20 cryptocurrencies by market capitalization have risen, and 25 of the top 100 cryptocurrencies by market capitalization have risen. The overall cryptocurrency market is in a downward trend. The top 3 gainers were: Carboncoin (15.25%), Ren (13.45%), and Decred (10.99%). The top 3 declines were HedgeTrade (-12.55%), UMA (-12.06%), and Elrond (-11.87%).

[Financial Times: The other side of Bitcoin's boom is America's decline]

The Financial Times published an article saying that cryptocurrencies such as Bitcoin, which have been booming in recent times reflect the decline of the current superpower America. The author of the article, Rana Foroohar, pointed out that the popularity of highly volatile cryptocurrencies such as Bitcoin may be an early sign of a new world order in which the US and the US dollar will be less important. In her article, she quoted analyst Luke Gromen's latest research. Gromen compared the price fluctuations of gold and bitcoin during Weimar Germany more than 100 years ago and discovered similarities. Research shows that investors holding gold priced in Weimar Mark experienced sharp rises and falls over a period of 10 years. They have experienced a return to zero five times and have also earned huge amounts of wealth.

[U.S. Unified Securities: PayPal and four other listed companies benefit from the crypto boom]

Analysts at US Wedbush Morgan Securities (Wedbush Morgan Securities) said that four listed companies, including PayPal, will benefit from the current crypto boom. Located in Los Angeles, the United States Securities Company was founded in 1925. It is a professional securities settlement company with a long history, excellent reputation, and strong financial resources. The company believes that the incident in which Tesla invested 1.5 billion dollars in Bitcoin could be a “game changer” for digital currencies and the wider adoption of blockchain technology in the next few years.

[Osprey Fund Bitcoin Trust is open to retail investors through over-the-counter trading platforms (OTC)]

The Osprey Fund announced on Tuesday that the company's Bitcoin Trust is now open to individual investors via over-the-counter (OTC) platforms. Osprey CEO Greg King said the fund was established two years ago and Osprey applied to register the trust with the US Securities and Exchange Commission (SEC) in the middle of last year. The fund's structure is similar to Grayscale's Bitcoin Trust, but the management fees are relatively low. The Osprey Fund's assets under management are close to US$80 million. Qualified investors can buy directly, while retail investors can buy them indirectly through OTC trading platforms.

[Federal Reserve Executive: Bitcoin's opponent is gold and will not affect the Federal Reserve's policy]

US St. Louis Federal Reserve Chairman James Bullard said on Tuesday that Bitcoin's opponent is gold and will not affect the Federal Reserve's policy. In an interview with CNBC, he discussed his views on Bitcoin. Bitcoin's price rose above 50,000 US dollars for a while on Tuesday. He stated, “Bitcoin can be characterized as a competitor to gold, and the price of cryptocurrency will not affect the policy of the Federal Reserve.”

Author Amy Liu

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