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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

Read Next: Heres How Much You Should Invest In Shiba Inu Today For A $1M Payday If SHIB Hits 1 Cent?Loading… Loading… Loading…

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BYD is offering free car insurance on select EVs in new end-of-year sales promo

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BYD is offering free car insurance on select EVs in new end-of-year sales promo

China’s EV leader wants to close the year strong with a new sales promotion. BYD is now offering free car insurance on certain EVs ahead of the upcoming Chinese New Year. Will it be enough to take the global EV sales crown in 2024?

BYD offers free insurance on some EVs to boost sales

With a record 506,804 NEVs (EV and PHEV models) sold in November, BYD has now had two straight months with over 500,000 in vehicle sales.

The EV giant has no plans to slow down. On Thursday, BYD announced its latest “New Year GO New Car” sales promotion on its Weibo page.

From today, December 26, 2024, through January 26, 2025, BYD is offering free car insurance on select PHEVs and EVs in its Ocean and Dynasy lineups. The promo includes several top-selling EVs, including the Dolphin, Seal, and Sea Lion 07.

Through the first 11 months of 2024, BYD sold nearly 3.76 million NEVs, including 1.56 million all-electric models. The promo comes as BYD is in a tight race with Tesla for the global EV sales crown for 2024.

BYD-free-insurance-EVs
BYD is giving free car insurance for select EVs in a new year-end promo (Source: BYD)

Through September, Tesla delivered 1.3 million EVs compared to BYD’s 1.17 million. Since Tesla doesn’t report monthly sales numbers, we will have to wait until the end-of-year numbers come out to determine who will take the EV sales crown in 2024.

BYD-Seagull-cheapest-EV
BYD Seagull (Source: BYD)

The Seagull EV, BYD’s cheapest electric car starting under $10,000, was once again China’s best-selling vehicle last month after topping the Tesla Model Y. BYD sold 56,156 Seagull EVs last month alone in China.

Although the global EV sales race between BYD and Tesla is heating up into the end of the year, the Chinese EV leader is quickly outselling some of the largest global automakers.

BYD sold more vehicles globally than Nissan and Honda in the third quarter, and it is now closing in on Ford.

FTC: We use income earning auto affiliate links. More.

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Sources: DeSean Jackson near deal to coach DSU

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Sources: DeSean Jackson near deal to coach DSU

Former Philadelphia Eagles star wide receiver DeSean Jackson and Delaware State are finalizing an agreement for him to become the program’s next head coach, sources told ESPN’s Pete Thamel on Thursday.

Jackson did an on-campus interview in recent days, and the sides are expected to come together to complete the deal in the near future. According to a source, it has always been a dream of Jackson’s to coach at a historically Black college or university (HBCU). That dream could be a reality in the near future.

The 38-year-old would replace Lee Hull, who was dismissed earlier this month after two disappointing seasons, including a 1-11 showing this year.

The news was first reported by Victory Formation Media.

Jackson, who officially retired as a member of the Eagles after the 2023 season, made the Pro Bowl in three of his eight seasons with the team. He became the first player in NFL history to earn Pro Bowl honors at two positions — kick returner and wide receiver. He played 15 years overall and had stints with the Los Angeles Rams, Washington, Tampa Bay, Baltimore and Las Vegas, but he is best known for the six-year run in Philadelphia at the start of his pro career.

In 95 career games with the Eagles, he ranks third all time in receiving yards (6,512), sixth in receptions (379) and ninth in receiving touchdowns (35). As a punt returner, he finished second in punt returns (132), third in punt return yards (1,296) and is tied for the team’s all-time lead in punt return touchdowns with four.

Information from The Associated Press was used in this report.

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The future of trust is onchain

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The future of trust is onchain

Onchain reputation could reshape trust in digital interactions.

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