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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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Science

50,000-year-old baby mammoth remains found nearly intact in Siberia

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50,000-year-old baby mammoth remains found nearly intact in Siberia

The well-preserved remains of a baby mammoth, estimated to be 50,000 years old, were recently revealed by researchers in Russia. Found in the thawing permafrost of the Yakutia region, the specimen has been named “Yana,” referencing the river near which it was uncovered during the summer. According to North-Eastern Federal University, where the remains are displayed, Yana is among the most intact mammoth carcasses ever discovered. Reports confirm that this marks one of only seven complete mammoth remains unearthed globally.

Discovery at Batagaika Crater

Yana’s remains were located in the Batagaika crater, an expansive depression in the Verkhoyansky district that continues to expand due to climate change. The mammoth, weighing over 240 pounds and measuring approximately four feet in length, is believed to have died at around one-year-old. Maxim Cherpasov, Head of the Lazarev Mammoth Museum Laboratory in Yakutsk, stated to Reuters that the survival of the head and trunk in such pristine condition is highly unusual. Typically, these parts are consumed by modern predators or scavengers soon after exposure, but Yana’s head remained largely intact.

A Historic Find in Siberian Permafrost

In recent years, Siberia’s permafrost has yielded numerous prehistoric animal remains due to rising temperatures. The Batagaika research station, near where Yana was found, has also provided remains of a horse, a bison, and a lemming. Anatoly Nikolayev, Rector of North-Eastern Federal University, shared in official reports that the preservation of Yana is extraordinary.

This discovery adds to the growing list of remarkable finds in Yakutia, including the remains of a 32,000-year-old sabre-toothed cat cub and a 44,000-year-old wolf carcass uncovered earlier this year. Researchers are continuing tests to gather more insights into Yana’s life and environment, as per Reuters.

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Science

NASA delays Artemis moon missions; new launch dates set for 2026 and 2027

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NASA delays Artemis moon missions; new launch dates set for 2026 and 2027

NASA has confirmed delays to its Artemis program, postponing the first two crewed lunar missions. Artemis 2, which will send astronauts around the moon, has been rescheduled from September 2025 to April 2026. Artemis 3, aiming to return humans to the lunar surface for the first time in over 50 years, has shifted from late 2026 to mid-2027. The postponements, announced on December 5, are attributed to technical challenges, including issues with the Orion spacecraft’s heat shield.

Heat Shield Complications and Safety Measures

A report from Space.com indicate that the delays stem from findings during the uncrewed Artemis 1 mission in 2022. The Orion spacecraft’s heat shield experienced uneven shedding due to internal pressure caused by trapped gases during a planned skip reentry. NASA Deputy Administrator Pam Melroy, during a press conference, stated that adjustments to the spacecraft’s reentry trajectory would ensure safety.

Impact on Contractors and International Competition

Sources suggest that disruptions to contractor momentum and expertise are potential risks from the schedule changes. Concerns have also been raised regarding NASA’s competitive edge in space exploration. China, which has announced plans to send astronauts to the moon before 2030, could narrow the gap in this symbolic race. Beijing’s advancements, including new rockets and lunar landers, are seen as direct competition.

Potential Shifts in U.S. Space Policy

Uncertainty surrounds the Artemis program’s future under the incoming U.S. administration. Reports speculate that President-elect Donald Trump, who has criticised expensive government projects, may reassess NASA’s reliance on the Space Launch System (SLS). With cost overruns and delays plaguing the SLS, alternatives such as SpaceX’s Starship could gain prominence. Starship, integral to Artemis’ lunar architecture, is considered a more cost-effective and reusable option.

Geopolitical Ramifications and the Road Ahead

Changes to the Artemis program could impact NASA’s partnerships with agencies such as the European Space Agency, as well as its broader moon-to-Mars strategy. Officials have reiterated the importance of Artemis in advancing human exploration, though uncertainty looms over its trajectory.

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South Korea sanctions 15 North Koreans for crypto heists and cyber theft

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South Korea sanctions 15 North Koreans for crypto heists and cyber theft

The sanctioned agents were allegedly generating funds for North Korea’s nuclear weapons development program.

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