Bakkt Holdings, the digital assets management arm of Intercontinental Exchange (ICE), has announced it will soon become a publicly traded company on the New York Stock Exchange, starting Oct. 18. The public listing for Bakkt comes as a result of a merger with VPC Impact Acquisition Holdings, a Chicago-based special purpose acquisition company. According to an official statement, a shareholders meeting regarding the merger saw approximately 85.1% approval for the business combination: “Upon closing, the combined company’s Class A common stock and warrants are expected to begin trading on the New York Stock Exchange (“NYSE”) under the ticker symbols “BKKT” …

The United States Securities and Exchange Commission has accepted the registration request for ProShares’ Bitcoin Strategy ETF, with the shares to be listed on the New York Stock Exchange’s Arca. According to an Oct. 15 notice from the SEC, the agency has accepted the registration of securities from ProShares Trust’s Bitcoin (BTC) exchange-traded fund, which offers exposure to the crypto asset with futures contracts. In addition, ProShares filed a post-effective amendment prospectus, which states its ETF could launch as early as Oct. 18. The assets will be listed on NYSE Arca, should the SEC officially approve the application. Bloomberg analyst …

EOS rallied in May after Block.one, a blockchain software firm, announced a $10-billion funding round to build an EOS-based crypto exchange platform called Bullish. The EOSIO development company revealed that it had raised capital from Peter Thiel and Mike Novogratz, as well as hedge fund managers Alan Howard and Louis Bacon. In light of the “bullish” news, the recent $6 local top stands 60% below the $15 high reached on May 12, and this leaves investors with little reason to celebrate. At the moment, retail traders are not comfortable using leverage for bullish positions, and professional traders have been neutral-to-optimistic …

Ethereum has achieved another milestone this week apart from the London hard fork, with a 90-year-old New York Stock Exchange (NYSE)-listed company changing its ticker to avoid confusion with Ether (ETH). Home decor and furniture chain Ethan Allen, which has more than 300 stores across the United States, announced on Wednesday that it had changed its NYSE ticker from “ETH” to “ETD.” The firm said that it has incorporated “D” to reflect “design” and changed its ticker to avoid investor confusion and solidify its online keyword searches: “We also believe this change will better differentiate Ethan Allen news from Ethereum …

Amid China’s cryptocurrency crackdown, souring investor sentiment and the United States Federal Reserve chairman blasting stablecoins, there hasn’t been much to cheer about on the crypto front lately, but Circle Internet Financial’s initial public offering announcement in mid-July showed that a crypto startup was still capable of attracting billions of dollars in fresh investments. Circle’s merger with Concord Acquisition Corp, a special purpose acquisition company, or SPAC, values Circle at $4.5 billion, and the combined entity is expected to debut on the New York Stock Exchange under the ticker CRCL before the end of the year. The merger/offering was generally …

Circle, a Goldman Sachs-backed fintech company focused on stablecoin development, has officially announced Thursday its plans to go public. Under the terms of the agreement, a new Irish holding company will acquire both Concord and Circle and become a publicly-traded company that is expected to be listed on the New York Stock Exchange (NYSE) under the ticker “CRCL.” Upon completion of the transaction, existing Circle shareholders will hold around 86% ownership of the public entity. The company said it would go public through a merger with blank-check company Concord Acquisition Corp in a deal valued at $4.5 billion. Investors have …

Bitcoin (BTC) is on a “lower left to upper right trend” and its volatility should not scare investors, the former head of the New York Stock Exchange says. In an interview with CNBC on June 23, Thomas Farley revealed long-term convictions about Bitcoin and dismissed concerns over BTC price losses. Bitcoin: Going up, but not "up only" Coming a day after CNBC pundit Jim Cramer admitted that he sold his Bitcoin stash, suggesting that BTC/USD was going as low as $10,000, Farley provided some much-needed mainstream bullishness. “With respect to the recent price moves, I’m kind of sanguine about them …

Intercontinental Exchange, the operator of the New York Stock Exchange and the owner of Bakkt digital asset platform, has sold its 1.4% stake in the newly Nasdaq-listed cryptocurrency firm Coinbase. Announcing the news Thursday on a financial-results call for the first quarter of 2021, ICE chief financial officer Scott Hill said that the company sold its Coinbase stake for $1.2 billion. The executive noted that the sale generated approximately $900 million net after taxes. Hill said that the proceeds were used to reduce ICE’s debt at the end of the first quarter. He noted that the company’s pro forma leverage, …

Thomas Farley, president of the New York Stock Exchange, said the world of finance was "past the point of no return" on crypto following Coinbase's public listing last week. In an interview with CNBC’s Squawk Box on Thursday, Farley said he was excited to talk about developments in the crypto space such as Coinbase’s COIN listing on stock exchanges and decentralized finance, or DeFi. The New York Stock Exchange president said he had invested $10 million in the crypto exchange on behalf of the NYSE back in 2013. "I think the crypto space is amazing right now,” said Farley. “It's …

The New York Stock Exchange has jumped on the NFT bandwagon by minting nonfungible tokens celebrating the first trade made in the shares of prominent United State companies. In an announcement on Tuesday, NYSE president Stacey Cunningham described NFTs as a “new, fun way to mark the moment” of a company’s first trade on the NYSE. The first six NYSE NFTs commemorate the first trades for Spotify, Snowflake, Unity, DoorDash, Roblox and Coupang, with Cunningham confirming “there will be many more NYSE NFTs to come.” The first NFTs are already listed on Crypto.com’s NFT marketplace, with the tokens hosting a …

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 order for it to be listed on the stock market without having to undertake an initial public offering. Initial reports …

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 on the stock markets without going through the lengthy and expensive process of an initial public offering. …