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....
In an interview with CNBC, the CEO of Grayscale Investments argued that his company sees the approval of a spot bitcoin ETF as a matter of time.The listing of a spot bitcoin exchange-traded fund (ETF) in the U.S. is only a matter of time, said Grayscale Investments CEO Michael Sonnenshein.The chief executive recently discussed the market need and impending approval for...
The agency's worries about the forthcoming project include liquidity and the possibility of share controls. The SEC has informed Bitwise investment company about salvaging issues with share monopolization, fraudulent acts, and other possible challenges that can arise in its planned spot Bitcoin ETF. This information was passed as a notice to Bitwise on Tuesday. What is Bitwise? Bitwise was the first and biggest...
One of the leading crypto index fund managers in the world, Bitwise Asset Management, announced yesterday that it has launched Bitwise Blue-Chip NFT Index Fund.
A San-Francisco-based crypto index fund manager, Bitwise, has released a report showing its perspective of the burgeoning decentralized finance (DeFi) sector saying it could have an Amazon-like effect on the...
Popular asset manager Bitwise has filed for a Bitcoin Exchange Traded Fund (ETF) product with NYSE Arca, a major move it is making after the rejection of its previous applications. As unveiled by the company’s Chief Investment Officer, Matt Hougan, Bitwise currently has an active Bitcoin Futures ETF application, however, the firm believes that an The post Bitwise Re-Files for Bitcoin ETF, Here’s...
The firm's CIO explained their filing's rationale, sharing that the SEC can now approve an actual bitcoin ETF.Bitwise Asset Management has filed for a physically-backed bitcoin ETF with NYSE Arca, according to a new filing with the SEC.The exchange-traded fund would trade spot bitcoin instead of BTC futures, as most filings have recently sought to do."The market has matured," Bitwise...
Matt Hougan of Bitwise discussed when a bitcoin exchange-traded fund (ETF) will be approved in the U.S. and what it will mean for investors.Watch This Episode On YouTubeListen To This Episode:...
Earlier this week, Bitwise announced that it had gained the financial backing of a new list of investors -- including KKR founder Henry Kravis and billionaire hedge fund manager Stan Druckenmiller. The round, which raised $70 million at a valuation just north of $500 million, featured investors including Electric Capital, Moore Strategic Ventures, Vetamer Capital, and Third...
PLUS: Vitalik thinks UNI should become a price oracle. The biggest news of the week came from the likeliest of places: Elon Musk’s Twitter account, where he tweeted out an announcement putting a halt on BTC purchases for Tesla vehicles due to the environmental concerns associated with Bitcoin’s proof-of-work consensus algorithm. Outside of Elon, Tesla, and Bitcoin, a few other big names made...
Each of the included companies must hold “$100 million of liquid crypto assets on their balance sheet.”
A wave of new Bitcoin & crypto ETF applications have hit the SEC. Will any of them be approved?
Crypto asset management firm Bitwise has entered the burgeoning decentralized finance market with its own index fund containing nine DeFi tokens. Bitwise launched the new product on February 17, touting it as the “world’s DeFi crypto index fund.” It is only available to accredited investors. However, it shows an increase in interest from large institutional companies. Bitwise was founded in 2017 and already...
Bitwise has announced the launch of a DeFi Index Fund. Institutional investors can now participate in this fund and gain exposure to many bluechip DeFi tokens. Institutions Can Invest in DeFi via Bitwise's New Crypto...
The fund bets on 10 Ethereum-based protocols angling to shape the future of finance.
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