Israel orders evacuations in northern Gaza as Trump calls for war to end

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By Nidal Al-Mughrabi Reuters  The Israeli military ordered Palestinians to evacuate areas in northern Gaza on Sunday before intensified fighting against  Hamas , as U.S. President Donald Trump called for an end to the  war  amid renewed efforts to broker a ceasefire. “Make the deal in Gaza, get the hostages back,”  Trump  posted on his Truth Social platform early on Sunday. Israeli Prime Minister Benjamin Netanyahu was due to hold talks later in the day on the progress of Israel’s offensive. A senior security official said the military will tell him the campaign is close to reaching its objectives, and warn that expanding fighting to new areas in Gaza may endanger the remaining Israeli hostages. But in a statement posted on X and text messages sent to many residents, the military urged people in northern parts of the enclave to head south towards the Al-Mawasi area in Khan Younis, which Israel designated as a humanitarian area. Palestinian and U.N. offi...
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VanEck Goes Back To The Drawing Board: Unveils Revised Spot Bitcoin ETF Filing

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In a recent development, asset manager VanEck joins the list of applicants who have made revisions to their Spot Bitcoin ETF prospectus. Many continue to speculate that these revisions could mean that approval of these funds by the US Securities and Exchange Commission (SEC) is imminent as it forms part of the process before an ETF launches. 

Notables From VanEck’s Revised Prospectus 

In a post on his X (formerly Twitter) platform, prominent finance lawyer Scott Johnsson mentioned how the asset manager’s revised prospectus shared a similar language to BlackRock’s as it relates to seeding. However, he said it isn’t too surprising since the same lawyers at the international law firm Clifford Chance represent both asset managers. 

Despite the similar language, there was a particular difference he highlighted between VanEck’s latest filing and BlackRock’s. While revealing plans to seed, VanEck suggested that it would be done with Bitcoin, unlike BlackRock, which had stated in theirs that their seeding would be done with cash. 

Despite the choice of words, Johnsson was cautious about reading too much meaning into it. While he acknowledged that it was definitely an affirmative addition, he noted that it could either suggest actual intent or just rather be “lazy lawyering.”

VanEck joins the likes of BlackRock, ArkInvest, and Fidelity, who had previously filed their revised version of their Spot Bitcoin ETF application.

Is A Spot Bitcoin ETF Really Important?

Bloomberg Analyst Eric Balchunas recently gave his opinion on why he believes that a Spot Bitcoin ETF is important, considering that many could just purchase Bitcoin directly. He opined that these ETFs are important because of the convenience that they provide investors. 

Others in the comments also weighed in on how ETFs also provide safety and trust as these asset managers usually have to abide by certain regulations (especially from the SEC), and investors can, therefore, be rest assured that their assets are safe and even insured, unlike centralized exchanges that could pack up at any time with there being any recourse for customers. 

Meanwhile, one can also argue that these ETFs are also important to the mainstream adoption of Bitcoin as an asset. In a recent research paper, Galaxy Digital captured why these funds could be “particularly impactful” for the market adoption of bitcoin. 

One of the reasons mentioned was that a Spot Bitcoin ETF provides greater accessibility, especially for retail and institutions. There is also no doubt that these asset managers have a wider reach, especially when it comes to those who are ready to place big bets on Bitcoin. 

As the research firm succinctly put it, having a familiar and trusted brand like BlackRock offer a Bitcoin ETF would help attract a “larger portion of the older, wealthier population that have not yet been onboarded.”

Bitcoin price chart from Tradingview.com



from Bitcoinist.com https://ift.tt/WqGt5vP

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