2021 has been a busy, and at times chaotic, period for cryptocurrency ETFs in a year when Bitcoin prices have reached new record-breaking highs and when the Australian ETF industry showed no sign o...
The US Securities and Exchange Commission (SEC) has delayed decisions on physical (spot) Bitcoin Exchange-Traded Fund (ETF) proposals from Grayscale Investments LLC and Bitwise asset management Group.
Executives said Bitcoin and cryptocurrencies are fundamentally different from the traditional system and need new rules.Chief executives of large cryptocurrency firms appeared before Congress Wednesday to testify and answer questions about their products and services and the Bitcoin market in general as lawmakers struggle to bring the market within public policy and regulatory frameworks.“Several questions...
The asset manager, now the largest to offer a bitcoin ETF, has also launched a bitcoin mutual fund up North.Fidelity Canada has launched its spot bitcoin exchange-traded fund (ETF) offering in the country, the company said in a...
Fidelity, one of the biggest multinational financial services corporations globally, has launched its first-ever Bitcoin spot exchange-traded fund (ETF). Fidelity tried to launch the ETF in the US but to no avail.
Fidelity Investments, one of the largest US asset managers with $4 trillion in AUM launched its first Bitcoin (BTC) spot ETF in Canada. The new spot ETF would be called Fidelity Advantage Bitcoin ETF and will be represented by the ticker symbol $FBTC. The fund will buy physical BTC from the market and issue shares against The post Breaking: $4 Trillion Asset Manager...
The Purpose Bitcoin Yield ETF employs a derivatives-based covered call strategy to pay monthly yield to investors.A bitcoin ETF offering monthly yields has been listed in Canada today.The Purpose Bitcoin Yield ETF is live on the Toronto Stock Exchange under the ticker symbol BTCY.B.Purpose Investments employs a derivatives-based covered call strategy to pay investors an expected eight...
Invesco, a $1.6...
The US financial industry watchdogs are preparing a joint statement with new regulatory guidelines applicable to the cryptocurrency industry. As reported by Bloomberg, the Office of the Comptroller of the Currency (OCC) is close to issuing a review of the blockchain sector, and the conclusions are likely to be unfriendly to crypto.
After weeks of waiting, VanEck’s Bitcoin Strategy ETF (XBTF) finally began trading on the Chicago Board of Exchange and on its first day had a trading volume of $4.6 million paling significantly against other similar ETFs that began trading last month. VanEck’s ETF has a slow start to life Data from investing.com revealed that shares of XBTF...
Incoming reports from The Globe and Mail suggest that regulators may have just given the nod for Fidelity Canada to start functioning as the country’s first bitcoin custodian. Fidelity Investments Leverages High Investment Interest In Digital Assets The firm was reportedly approved by the Investment Industry Regulatory Organization of Canada (IIROC) in a bid to The post Fidelity Approved As Canada's First Crypto...
Bitcoin has had a big week this past week. With the new all-time highs and the VanEck Spot ETF rejection, it is interesting to see how the market has reacted to these. VanEck had filed its ETF with the SEC and on Friday, it got back the dreaded rejection. The reason given for the rejection was that there wasn’t adequate confidence that investors...
The institutional adoption of digital assets has picked up the pace over the past month. Proshares’ BITO, the first Bitcoin futures-based ETF, launched in mid-October. A leading cryptocurrency asset management firm Valkyrie Investments launched its Valkyrie Bitcoin Strategy Fund (BTF) shortly after that, on October 22. Now, Valkyrie has announced the launch of a new cryptocurrency fund that will be exclusively focused on...
The third Bitcoin Futures exchange-traded fund in the U.S. has gone live on the CBOE under the ticker XBTF.The third Bitcoin Futures exchange-traded fund (ETF) in the U.S. has gone live on the CBOE under the ticker XBTF. VanEck’s Bitcoin Strategy ETF, which aims to track the value of Bitcoin futures, comes after the successful debut of...
Last week, the U.S. Securities and Exchange Commission (SEC) rejected VanEck’s Bitcoin spot exchange-traded fund (ETF) application. A couple of days after the latest BTC spot ETF was rejected, the future-based version of VanEck’s BTC ETF was launched. What’s behind the regulators’ unwillingness to allow trading of US-based crypto spot ETFs?
After years of back and forth with the U.S. regulators, VanEck’s exchange- traded fund based on Bitcoin futures has finally been greenlit and will begin trading on Tuesday on the Chicago Board Options Exchange (CBOE).
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