Roger Ver, also known as "Bitcoin Jesus," has repeatedly called the US DOJ tax evasion case against him "politically motivated." Early Bitcoin investor and advocate Roger Ver, also known as “Bitcoin Jesus,” filed a lawsuit against Spain seeking to block his extradition to the United States, where he faces a tax evasion case. The lawsuit, filed at the European Court of Human Rights, argues that the extradition violates Ver’s human rights, according to Bloomberg Law. United States Department of Justice prosecutors charged Ver with tax fraud in April 2024, alleging that he owed $48 million. Spanish law enforcement authorities arrested Ver shortly after. He posted bail in May and was allowed to leave prison. Read more
The new ETF claims to provide protection against losses greater 20%, relying on the structure of underlying ETFs that the new fund would invest in. Calamos Investments, an investment firm with over $40 billion in assets under management, has filed for a “laddered” Bitcoin (BTC) exchange-traded fund (ETF) in the United States, tapping into cautious crypto investors seeking exposure to digital asset markets. The product would add to a growing list of attempts by asset managers to package Bitcoin exposure with built-in guardrails, a response to the cryptocurrency’s volatility. According to a Fidelity analysis, Bitcoin has been three to nearly four times more volatile than major equity indexes. Calamos launched three “protected” Bitcoin ETFs in January. The new ETF would invest in options contracts that reference against the performance of five Bitcoin ETFs: BlackRock’s iShares Bitcoin Trust; Grayscale’s Bitcoin Mini Trust; the Bitwise Bitcoin ETF; the Fidelity Wise Origin Bitcoin Fund; and the ARK 21Shares Bitco...