Tag: bitcoin etf

It's been a great start to the year 2023 for all Bitcoin investors as the world's largest cryptocurrency appreciated by more than 33% this month. As of press time, BTC is trading above $23,000...

The District of Columbia Court of Appeals has preponed a date for Grayscale's lawsuit against the Securities and Exchange Commission (SEC). The...

The Samsung Bitcoin Futures Active ETF will launch on Jan. 13, giving Hong Kong investors a mainstream avenue for indirect BTC price exposure.Samsung Asset Management is launching a bitcoin exchange-traded fund (ETF) in Hong Kong.The Samsung Bitcoin Futures Active ETF (3135:HK) seeks to obtain a performance similar to spot BTC by investing in bitcoin futures products listed on the Chicago Mercantile...

The ProShares Bitcoin ETF, known as " BITO", wrote history on October 19, 2021. Some two-plus years later, BITO is once again posting historic numbers, but they don't appear to be very encouraging. BITO was the first exchange- traded fund in the U.S. market to track the price of BTC and marked an important step in Bitcoin's...

The ProShares Bitcoin Strategy (BITO) ETF made history when it was approved. Launched exactly one year ago today, it was the first futures-based BTC ETF in the United States and garnered massive attention from the broader financial market. As BITO celebrates its one-year birthday today, we take a look at how the ETF has performed over time and its current performance compared to...

The brief calls attention to the SEC’s continued denial of spot bitcoin ETF while the regulator simultaneously approves bitcoin futures products.Coinbase filed an amicus brief supporting Grayscale Investments' continued efforts to launch a spot-bitcoin exchange-traded fund (ETF), per a court filing. Amicus briefs, or an...

The world's largest crypto asset manager Grayscale Investments has come out lashing at the U.S. Securities and Exchange Commission (SEC) for rejecting the spot Bitcoin ETF. Grayscale is looking to convert its $12 billion Bitcoin Trust (GBTC) into a spot Bitcoin ETF. However, the SEC has turned down this proposal... Read more

Does bitcoin need a spot bitcoin ETF? Probably not. The US might need one or two, though. Other countries have full proof of concepts already working and absorbing capital. None of those products shows any of the problems the SEC thinks a spot bitcoin ETF would bring. Plus, there are already future bitcoin ETFs functioning without a problem in the US. What’s the...

The Chamber of Digital Commerce goes to bat for a spot bitcoin ETF in The US. Plus, it goes for Chairman Gensler’s throat. The organization doesn’t mince words in the report titled “The Crypto Conundrum. Why Won’t the SEC Approve a Bitcoin ETF?.” The Chamber of Digital Commerce argues that all of the standards that the SEC demanded have been met,...

The fund’s responsible entity partner received unique licensure which will give investors more transparent and direct exposure to bitcoin through a spot ETF.Monochrome is eyeing a spot bitcoin ETF in Australia, adding to an already crowded market in the country.The fund’s partner has received unique regulatory approval to offer direct exposure to bitcoin. The U.S. continues to lag...

More and more financial services companies are looking to expand into the world of crypto assets. When it comes to crypto ETFs, Grayscale is one of the biggest players...

What is a Hedge Fund? A hedge fund is a type of investment instrument that targets qualified investors, institutional investors, and high-net-worth individuals. Because these funds historically concentrate on hedging risk by concurrently purchasing and shorting assets in a long-short equity strategy, the word "hedge" is used to describe them. Hedge funds use pooled capital and a variety of trading techniques to generate...

The Securities and Exchange Commission gave itself some more time in deciding on the ARK 21Shares Bitcoin ETF. In a notice issued on Tuesday, the commission said it is extending a longer period for any action in the proposed ETF. In May this year, Ark Investment and 21Shares have again filed with the U.S. SEC...

Bitcoin (BTC) fell below $20,000 after the SEC rejected Grayscale's application to turn its Bitcoin trust into a spot Bitcoin ETF. BTC was trading at $18,934 at its lowest following the news but has since marked a small recovery and was trading at $19,047 as of press time, according to CryptoSlate data....

Jacobi Asset Management announced the launch of Jacobi Bitcoin ETF, which is set to be listed on Euronext Amsterdam. According to the press release shared with Finance Magnates, the Bitcoin ETF received the regulatory green light from the Guernsey Financial Services Commission (GFSC) in October 2021 and will start trading in early July under the ticker BCOIN. In addition, the firm noted that...

The ProShares Short Bitcoin ETF had been highly anticipated due to the success of short bitcoin ETFs in the past. A reasonable amount of inflows was expected to flow into the ETF but with less than one week in the game, the ETF had surpassed expectations for it. This growth coincided with a decline of BTC’s value on the spot market and shows...

With the decline in bitcoin prices have come various implications for different types of investors. Retail investors with direct exposure to the market have taken heavy losses, as have the institutional investors. The most prominent of these have been in the Canadian Bitcoin ETF, Purpose, which had recorded some of the largest losses in the space. Canadian Bitcoin ETF Bleeds The Purpose ETF...

ProShares, the Maryland-headquartered issuer of exchange-traded funds (ETFs), is launching the first short Bitcoin-linked ETF in the United States. As the name suggests, the ProShares Short Bitcoin Strategy ETF (BITI) will let traders pursue investment opportunities pertaining to Bitcoin’s negative price movements.

Hester Peirce, a commissioner with the SEC, published comments on the failings of the SEC to properly deliver ETPs based on bitcoin and other cryptocurrencies.SEC Commissioner Hester Peirce published comments challenging the regulatory agency’s position on spot bitcoin ETFs.Peirce explains the refusal of the SEC to approve spot products is “puzzling,” and explains the growth of bitcoin as a...

It is an unpopular opinion to think that Grayscale's spot-based Bitcoin ETF could get approved, but the company is confidently gearing up and it seems like they will not take a 'no' for an answer. The Grayscale Bitcoin Trust (GBTC) has always been intended to eventually convert into an ETF, the company has explained several times. Currently, GBTC...