Tag: bitcoin etf

Jan 28 2023

This Bitcoin ETF Jumped 100% This Month Outperforming All US ETFs

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...

Jan 24 2023

Just-In: Grayscale Lawsuit Against SEC Preponed After Genesis Bankruptcy

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

Jan 12 2023

Samsung Asset Management To Launch Bitcoin ETF In Hong Kong: Report

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...

Oct 26 2022

First Bitcoin ETF Posts Historically Worst Performance, Report Reveals

Oct 26 2022 Published at Bitcoinist.com under tags  bitcoin bitcoin etf bito btc proshares

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...

Oct 19 2022

By The Numbers: One Year Since Bitcoin ProShares ETF Launched

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...

Coinbase And Industry Leaders File Amicus Brief In Support Of Grayscale Spot Bitcoin ETF

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...

Oct 12 2022

Grayscale Slams the SEC Over the “Discriminatory” Behaviour In the Lawsuit

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

Sep 15 2022

5 Reasons The US Needs A Spot Bitcoin ETF, By The Chamber Of Digital Commerce

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...

Sep 13 2022

Chamber Of Digital Commerce Calls Out The SEC, Argues The US Needs A Bitcoin ETF

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,...

Aug 17 2022

Monochrome Eyes Spot Bitcoin ETF In Australia, U.S. Lags Behind

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...

Jul 29 2022

Lowest Cost Crypto ETF To Be Launched Next Week By Finance Biggie

Jul 29 2022 Published at Coingape under tags  bitcoin etf crypto etf news

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...

Jul 13 2022

How will the Grayscale SEC Lawsuit affect Bitcoin?

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...

Bitcoin Spot ETF: Wait Gets Longer As SEC Drags Decision On Key Proposal

Jul 13 2022 Published at Coingape under tags  bitcoin bitcoin etf news

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...

Jun 30 2022

Bitcoin crashes under $20K as SEC rejects Grayscale spot ETF application

Jun 30 2022 Published at CryptoSlate under tags  bitcoin etf bitwise grayscale regulation 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 to Launch Europe’s First Bitcoin ETF on Euronext Amsterdam

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...

Jun 29 2022

ProShares Short ETF Becomes Second-Largest Bitcoin Fund In Record Time

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...

Jun 23 2022

Canadian Purpose Bitcoin ETF Suffers Massive Outflows, But Others Are Picking Up The Slack

Jun 23 2022 Published at Bitcoinist.com under tags  bitcoin bitcoin etf bito btc btcusd

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...

Jun 21 2022

ProShares to Let Traders Profit from Declining Bitcoin Prices with Short BTC-Linked 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.

Jun 16 2022

SEC Commissioner: The Regulatory Agency Should ‘Stop Denying’ Spot Bitcoin ETFs

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...

Jun 09 2022

Why Grayscale’s Bitcoin ETF Could Actually Get Approved

Jun 09 2022 Published at Bitcoinist.com under tags  bitcoin bitcoin etf grayscale sec

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...

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