Hashbx Global

Will BlackRock's Bitcoin ETF Take the Spirit Out of the Honey Badger?
Financial advisors will want a simple story to tell.

What is Bitcoin for?
With a raft of recent announcements from big-name financial firms offering bitcoin (BTC) products, institutionalization of the biggest, most significant cryptocurrency looms. That will give urgency to this perennial, still unresolved question about its purpose.

Or is it best thought of with a more open-ended mindset, viewing it as an unstoppable record-keeping platform onto which users can inscribe a wide range of valuable content? (The Taproot Wizards’ perspective.)

Cr.https://www.coindesk.com/
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Leveraged Bitcoin Futures ETF to Start Trading Tuesday, Sponsor Says
Volatility Shares says its 2x leveraged bitcoin futures exchange-traded fund will be based on CME Bitcoin Futures prices.

Volatility Shares’ 2x Bitcoin Strategy ETF (BITX) will become the first leveraged crypto ETF available in the United States after the U.S. Securities and Exchange Commission (SEC) let it go effective on Friday, an executive at the company told CoinDesk.
The regulator has not denied the application for the 2x ETF, Volatility Shares Chief Investment Officer Stuart Barton said, paving the way for its launch this upcoming Tuesday.
“It’s exciting to see digital assets in the ETF wrapper,” Barton said.

A leveraged 2x ETF allows customers to gain bitcoin exposure by only putting up half the value of the bitcoin.
A prospectus filing said the ETF would correspond with the CME Bitcoin Futures Daily Roll Index.
This comes in the wake up of bitcoin’s value steadily rising past $30,000 after multiple major traditional investment companies like BlackRock filed an application for spot bitcoin ETFs with the SEC.

Cr.https://www.coindesk.com/
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Lightning Labs launches rebranded ‘Taro’ amid Bitcoin’s BRC-20 bottleneck
Lightning Labs has unveiled a new solution to the clunky process of minting new assets on the Bitcoin network.

Bitcoin
BTC

tickers down
$27,059

users have been given a possibly more efficient way to mint new assets on the blockchain after an updated edition of the recently-rebranded Taproot Assets Protocol was released by Lightning Labs.

In a May 16 blog post, Lightning Network infrastructure firm Lighting Labs criticized the current methods by which assets are inscribed on the Bitcoin blockchain, calling them “particularly inefficient” and pointed to cumbersome protocols that write asset metadata “directly into block space.”

Cr.https://cointelegraph.com/
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