Several firms are vying for the approval of their proposed spot Bitcoin BTC/USD exchange-traded funds (ETFs), hoping to capture a significant market share.
What Happened: Switzerlands Pando Asset AG on Wednesday emerged as the 13th contender by submitting a filing to the Securities and Exchange Commission (SEC) for the Pando Asset Spot Bitcoin Trust.
Among the total 13 applications, two major players, Grayscale Bitcoin Trust GBTC and Blackrock Inc. BLK , have revised their filings just to secure a BTC ETF spot.
Analysts predict that the SEC is on the cusp of approving several spot Bitcoin ETFs. The first to cross the finish line could enjoy a significant first-mover advantage, attracting a large base of retail investors.
Since both BlackRock and Grayscale Bitcoin Trust submitted their applications for a spot Bitcoin ETF, their stock prices have experienced an upswing. We compare which of the two stocks has delivered the best returns over the past year.
BlackRocks stock increased from $695.78 to $747.3, marking a 7.4% growth. On the other hand, GBTC saw a 242.74% surge from $9.05 to $31.02. BLK Or GBTC: 1-Year Performance (Image: Benzinga)
If you had invested $1000 in either of the stocks, you would have yielded $1074.04 in BLK and $3427.4 in GBTC. BLK Or GBTC: Which Offers Better Returns? (Image: Benzinga)
See More: Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In Profits, IntoTheBlock Data Reveals
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A Closer Look at Market Movements
When analyzing their market behavior, the coefficient of determination (R^2) stands at a low 0.023, suggesting a very weak correlation between BLK and GBTCs market movements, as evidenced by a linear regression analysis. Do BLK And GBTC Often Move Together? (Image: Benzinga)
Price Action: At the time of writing, BTC was trading at $37,731, down 1% in the last 24 hours, according to Benzinga Pro. On Wednesday, GBTC finished trading at $31.02, while BLK closed at $747.30.
Illustration by CryptoFX on Shutterstock
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Florida State freshman linebacker Ethan Pritchard was shot in the back of the head Sunday night, his father said, and remains in stable condition at Tallahassee Memorial Hospital.
Earl Pritchard told WFTV in Orlando that Ethan Pritchard was shot while driving his aunt home from a family gathering in Havana, Florida, which is about 16 miles from Tallahassee, near the Georgia state line.
“He was actually in the car taking my sister around the corner to her daughter’s house to drop her off,” Earl Pritchard told WFTV. “They turned the corner, and as soon as they turned the corner, they heard gunshots.”
Earl Pritchard said doctors continue to monitor the swelling in Ethan’s head.
An investigation into the shooting by the Florida Department of Law Enforcement and the Gadsden County Sheriff’s Office is ongoing.
Florida State coach Mike Norvell said Wednesday he has been able to briefly visit Ethan Pritchard in the hospital, and he has remained in contact with Earl Pritchard.
“It’s a lot, not going to say it’s not,” Norvell said. “I try to give the players a daily update. … I was able to go by yesterday for a short period of time with limited visitation, just getting a chance to be there for a handful of minutes. It was good to be with him.
“He’s still in stable condition. … We are absolutely praying for him every day and trying to be there for our players, too. Yes, it’s one thing on the field, but it’s also off the field, that’s one of their brothers and a guy they deeply care about. Just working through this part of the tragedy of what it is.”
Pritchard, who is from the Central Florida area, did not play in the Seminoles’ season-opening victory against Alabama.
Alabama coach Kalen DeBoer still believes he has a good football team, even after last week’s surprising 31-17 loss at Florida State.
The season-opening loss to the Seminoles, who went 2-10 last season, was the Crimson Tide’s fifth loss in their past 10 games under DeBoer, who was hired in January 2024 to replace Nick Saban.
“My message is that our team is, I think we have a good football team that can do some big things still this year,” DeBoer said during Wednesday’s SEC coaches teleconference. “We’ve got to prove it. We’ve got to go do it.”
DeBoer, 50, went 9-4 in his first season as Alabama’s coach, the first time the Tide lost more than three games since Saban’s first team went 7-6 in 2007.
Most alarming to some Alabama fans is that the Tide have lost four times as a double-digit favorite in DeBoer’s first 14 games. They were a 13½-point favorite over Florida State, which ended Alabama’s 23-game winning streak in season openers.
DeBoer said he is trying to stay the course heading into Saturday’s home game against Louisiana-Monroe (7:45 p.m. ET, SEC Network), despite widespread criticism surrounding his program.
DeBoer said Keenan, who had 40 tackles and 2½ sacks last season, was “doing really well” and it wasn’t a long-term injury.
Miller, the Tide’s top returning rusher with 668 yards with seven touchdowns in 2024, might be able to return for a Sept. 13 home game against Wisconsin, DeBoer said.
“Jam is doing really well,” DeBoer said. “Will not be available this week but coming along, again, as good as you could’ve expected. We knew there would be a possibility for next week and that’s certainly still the case.”
“Do you recognise this guy?” I ask a Costa del Sol cafe owner as I show him an image of a bald, bearded bodybuilder from Scotland.
He raises his eyebrows and looks back with suspicion.
“I think he sometimes came for coffee,” he replies in broken English before the conversation is quickly shut down.
The bodybuilder is a familiar face in this part of the world – he lived here in the Spanish seaside town of Nerja for almost two years.
He is the fitness-fanatic, social butterfly expat Johnny Wilson. But the truth is, Johnny doesn’t exist.
Image: James Clacher faked his own death in Scotland and set up a new life in Spain
The man behind the made-up name is the violent rapist James Clacher, who faked his own death in Scotland and set up a new life in Spain.
Nerja’s community feels bruised and conned by a serial sex offender who lived under their noses, undetected for so long.
The fake death
At the time of his disappearance in May 2022, Clacher was under investigation for two separate rapes of women he had met on dating app Tinder in 2019 and Bumble in 2020.
Image: James Clacher met a victim through dating app Tinder
As police worked to put all the pieces of the puzzle together, a missing person poster was issued, describing Clacher as an athletic man who drives a Suzuki Swift.
It warned members of the public not to approach him.
Detectives had earlier discovered his car dumped next to Loch Long in Argyll and Bute. A suicide note was left in the vehicle, and messages had been sent suggesting he was no longer alive.
Image: A missing poster issued by Police Scotland for James Clacher
It had the look and feel of a suicide.
It was the perfect rural setting, with the rolling hills and very few people around, where a conman could slip away and hope to never be seen again.
The double life
Nerja is a small town with a population of around 22,000. It sits an hour’s drive from Malaga.
Off the beaten track, it’s tucked away at the foot of stunning mountain ranges and has the feel of a more authentic Spanish experience compared to its rivals like Marbella along the coast.
Accents on its beaches are from elsewhere in Spain and continental Europe, rather than a ‘Brits abroad’ vibe.
Image: Nerja is a small town with a population of around 22,000
To learn how Clacher could slip into this community and create a bogus new identity while being a wanted man, I visit Nerja’s gym.
Workers tell me he trained there every day and describe a “nice man” who was perfectly pleasant, put people at ease and fitted right in.
I am pointed in the direction of a man called Matt, a British expat.
Image: Clacher regularly used Nerja’s gym
The pair became friends not long after “Johnny” arrived in Nerja. The relationship began with Johnny touting himself as a so-called nutritionist.
“He came highly recommended,” Matt says. “He was giving me nutritional help, and he said he was in the parachute regiment for ten years and came to Spain for a new start.
“He was a very, very nice guy, very charming, I became quite good friends with him. He invited me hiking with him, he invited me round to his house to eat.”
Asked if any of his new friend’s behaviour was suspicious, Matt says: “He gave no hint whatsoever. But looking back, whenever he sent a picture, he would never have his face visible.
“He was very careful about pictures. Whenever he took a picture, he obviously knew that he was being hunted, and he had to lay low, so he never showed his face.
“I only have one picture of him facing away from me looking up a mountain.”
Several people say Johnny had entered an 18-month relationship with a local woman who had no idea about his real identity or the sexual crimes he had committed on vulnerable women.
She is said to be traumatised by how events unfolded.
‘Johnny the gardener’
I get a tip off that Johnny was employed as a gardener at a local residential complex, and we’re told to speak to a man called Megel.
As he emerges from behind the shutters of a pool bar, Megel shakes his head and speaks to other guests in Spanish when I mention ‘Johnny the gardener’.
Image: The apartment complex where Clacher worked as a gardener
The atmosphere changes, and those present close ranks.
A member of staff confirms Johnny’s role on site before we are ushered off the premises.
Elsewhere, we discover he earned cash in hand running yoga classes on the beach in an attempt to stay off the books.
Image: Nerja’s community feels bruised and conned by Clacher’s lies
“This is the best place to be no one,” says local newspaper journalist Eugenio Cabezas, who has worked here for 20 years.
“If you have committed a crime, you can live here and nobody knows you. It is a good place to disappear.”
Image: Journalist Eugenio Cabezas
The tip-off
The Costa Del Sol has had a reputation over the years as somewhere big British crime bosses would come to hide.
James Clacher was no mafia gangster, but he played the system in Scotland and Spain.
That was until an anonymous person sent an email to Sky News with the title “James Clacher”.
The message, sent on 27 November 2023 at 11.16am, talked about reading news articles on the case.
Image: The tip-off sent to Sky News
It stated: “We believe we have seen this man in Nerja… he introduced himself as Jimmy, was Scottish and fit the description.”
The tip-off revealed conversations they had in the local gym and a timeline of three separate encounters or interactions over the space of almost a year.
The police investigation, which had come to a dead end, suddenly had its biggest lead yet.
The UK’s National Crime Agency, along with Spain’s Guardia Civil, went undercover and found their man.
They swooped while Clacher was hanging upside down on gym equipment on the very beach he had created a ‘safe space’ as a yoga instructor.
The moment was captured in dramatic body-cam footage by the Spanish police as the fugitive was tackled to the ground and led off in handcuffs.
Clacher was detained and eventually extradited back to Scotland.
‘He was a complete fantasist’
Matt, the man who thought he was friends with Johnny, speaks of his horror at learning his friendship was a lie.
“I was completely shocked. Completely stunned. I just couldn’t believe it”, he says.
“Being fooled like that by someone, it wasn’t just me. He fooled a lot of people here in Spain as well.
“I had a narrow escape. I am relieved I am away from that situation. He was a complete fantasist.”
The wider expat community in Nerja is shaken.
Image: Clacher was extradited back to Scotland
Pub landlady Cathy, who has lived here for 40 years, says the story was the talk of the town.
“People were stunned and surprised that this happened in our local community,” she says.
“Somebody who had obviously been living here with us which we had no idea about.
“We don’t have that very much here at all. It’s a very nice, safe, good area of Spain to be in.”
Image: Clacher attacked two women in 2019 and 2020
Clacher was detained in May 2024. He denied any wrongdoing when his trial began this August, but was found guilty by a jury.
During his trial, jurors heard how he was “very friendly and chatty” on his extradition flight back to Scotland.
He was said to have discussed how he staged his own death and told of how he “survived on berries and puddle water” while initially on the run.
Image: Clacher was arrested while working out on this apparatus
Clacher claimed to have travelled from Loch Long to Inverness, then down the east coast of Scotland.
He was then said to have made his way to England before hiding in a truck to get into France.
Once in France, he then said he got his hands on a bike and cycled to Spain.
The Police Scotland officer Clacher spoke to on the flight home told the jury that Clacher revealed he had been fearful his face was becoming known locally in Nerja, so he considered building a kayak that he would paddle to Morocco.