Streetbeat News

Regulatory

GBTC

Grayscale Bitcoin Trust (GBTC) has started pre-market trading at 4 am EST, following the SEC's approval of spot Bitcoin ETFs. GBTC's early trading could provide a competitive advantage over other approved ETFs like those from Bitwise, Hashdex, iShares, Valkyrie, ARK 21Shares, Invesco Galaxy, VanEck, WisdomTree, Fidelity Wise Origin, and Franklin. This regulatory shift may lead to increased institutional investment and mainstream acceptance of Bitcoin.

Portfolio Pulse from Benzinga Neuro

January 11, 2024 | 2:10 pm

FFNW

Trading on FFNW was halted at 9:05 a.m. ET due to pending news. The halt is in place to ensure a fair and orderly market until the news is released and investors have had time to digest the information.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 2:05 pm

N/A

Circle Internet Financial, issuer of the USDC stablecoin, has confidentially filed for an IPO in the United States. The company previously planned to go public via a SPAC deal valued at $9 billion, but the deal was terminated in December 2022. CEO Jeremy Allaire remains committed to a public listing. USDC is the second-largest stablecoin by market cap, with $25 billion in circulation, down from over $56 billion in mid-2022. The crypto industry faced a downturn in 2022, marked by investor caution and the collapse of several crypto firms.

Portfolio Pulse from Murtuza Merchant

January 11, 2024 | 1:55 pm

VTR

Ventas, Inc. has issued a statement in response to the nomination of three directors by Land & Buildings Investment Management. The company emphasizes that its Board of Directors, which consists of 11 members with 10 being independent, is strong, diverse, and experienced. The Board is committed to acting in the best interests of the company and its shareholders, and it has a process for director succession and search, having appointed four new independent directors in the last four years. Ventas will evaluate the nominees through its Nominating, Governance and Corporate Responsibility Committee and will provide a formal recommendation in its proxy statement before the 2024 Annual Meeting of Stockholders. Currently, no action is required from Ventas shareholders.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 1:53 pm

COIN

HOOD

MARA

MSTR

RIOT

The SEC has approved rule changes allowing 11 Bitcoin ETFs to begin trading in the U.S., including Grayscale Bitcoin Trust, ARK 21Shares Bitcoin ETF, Invesco Galaxy Bitcoin ETF, Bitwise Bitcoin ETF, VanEck Bitcoin Trust, and Fidelity Wise Origin Bitcoin Fund. This news has positively impacted the crypto market, with Bitcoin, Ethereum, and Dogecoin experiencing significant price increases. Crypto-related stocks such as Marathon Digital Holdings, Riot Platforms Inc, MicroStrategy Inc, Coinbase Global Inc, and Robinhood Markets Inc also saw their stock prices rise following the announcement.

Portfolio Pulse from Adam Eckert

January 11, 2024 | 1:47 pm

GRFS

Grifols CEO has responded to Gotham's use of the company's financial information, stating that the data has been previously reviewed and approved by regulators and their accounting firm. The CEO also acknowledged that the company could improve its communication.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 1:40 pm

ABBV

EOLS

RVNC

AbbVie Inc (NYSE:ABBV) maintains a strong position in the aesthetics market with a 68% share of Botox sales, despite competition and calls for stronger FDA warnings on botulinum toxin products. At the J.P. Morgan healthcare conference, CCO Jeffrey Stewart expressed confidence in Botox's market resilience. AbbVie's acquisition of Allergan in 2020 bolstered its market dominance, especially as its drug Humira lost exclusivity. The company also sees potential in its newer drugs, Skyrizi and Rinvoq. Revance Therapeutics Inc (NASDAQ:RVNC) and Evolus Inc (NASDAQ:EOLS) are emerging competitors with products like Daxxify and Jeuveau.

Portfolio Pulse from Vandana Singh

January 11, 2024 | 1:31 pm

BTCUSD

The SEC has approved the listing and trading of spot Bitcoin ETFs, revealing a divide within the commission. Commissioner Hester Peirce hailed the decision as a victory for investor choice, while Commissioner Caroline Crenshaw expressed concerns about fraud and manipulation in the spot market, as well as potential national security risks. The decision underscores the ongoing debate about Bitcoin's role in the financial system.

Portfolio Pulse from Murtuza Merchant

January 11, 2024 | 1:26 pm

ABTS

Abits Group Inc (ABTS), a US-based bitcoin mining company, has regained compliance with NASDAQ's minimum bid price requirement, closing the matter with NASDAQ.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 1:19 pm

MRDB

MariaDB plc (NYSE:MRDB) has amended the terms of its $26.5 million senior secured promissory note with RP Ventures LLC, extending the due date from January 10, 2024, to January 31, 2024. Additional details are available in MariaDB's latest 8-K filing on the SEC's website and on the company's Investor Relations page.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 1:16 pm