News Commentary #1,661 – DollarBill | Elon Musk, Australia’s ETFs..?!

DollarBill (reviewed here) platform have shared more news from global internet financial markets for its participants. This time you will be able to read a short news about Elon Musk and his “Twitter deal” as well as news from Australia about first 3 crypto ETFs delays for unknown reasons.

Here’s the news from platform:

Twitter Accepts Elon Musk’s $54.20-a-Share Buyout Offer

Twitter (TWTR) has accepted a $54.20-a-share buyout offer from Tesla CEO Elon Musk, valuing the social media company at about $44 billion in cash, according to a press release. Once the deal is completed, Twitter will become a privately held company.

“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Musk said in a statement. “I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans.”

Bret Taylor, Twitter’s independent board chair, said, “The Twitter Board conducted a thoughtful and comprehensive process to assess Elon’s proposal with a deliberate focus on value, certainty and financing.

 

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Australia’s first 3 crypto ETFs all miss launch day

The launch of Australia’s first three Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETF) scheduled for today, has been delayed as a result of further “checks” needing to be completed.

The exchange listing the Bitcoin Spot ETF from Cosmos Asset Management, Cboe Australia, released a statement late Tuesday stating that “standard checks prior to the commencement of trading are still being completed” and a “further update will be provided in the coming days.”

Cboe issued the same notice regarding two spot ETFs issued by 21Shares also scheduled for launch today, a Bitcoin ETF and an Ethereum ETF.

It’s unclear why the products are delayed with the Australian Financial Review reporting that a “service provider downstream” — an entity such as a prime broker or major institution with the power to delay listings until it’s ready to support the trade of the products — could be to blame for the hold up.

Check other news for today and Please stand by..

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