Tag Archives: bitcoin etf

Samsung investment arm’s subsidiary – Samsung Asset Management Hong Kong (SAMHK) – outlined plans to list Samsung Bitcoin Futures Active ETF on the Hong Kong stock market starting January 13. According to the official announcement, the fund in question is a sub-fund of Samsung ETFs Trust III, an umbrella unit trust established under Hong Kong law. Samsung’s Bitcoin Futures Active ETF The Samsung Bitcoin Futures Active ETF seeks to provide economic exposure to BTC’s value by...

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Over a year after the first Bitcoin futures ETF went live in the States, Bitwise has filed to launch its own such product. This comes despite the ongoing bear market, which has seen prices decline and investor interest evaporate. Citing a filing with the US regulators, the Bloomberg report informed that Bitwise’s product would be called Bitcoin Strategy Optimum Yield ETF, under the ticker BITC. Similar to the previously approved ETFs in the US, this one would not hold the...

The United States Securities and Exchange Commission (SEC) extended its final decision on whether to approve the launch of ARK 21Shares’ spot BTC ETF to January 27, 2023. The Commission stated it needs more time to consider the pros and cons of the ETF. Two More Months Ark Invest wanted to introduce a spot Bitcoin ETF on the Cboe BZX Exchange in 2021 when it teamed up with the Switzerland-based fintech company – 21Shares. The securities watchdog of the States, though,...

As per the data compiled from Morningstar Direct for FT, the Bitcoin Strategy fund (BITO) launched in October 2021 by ProShares lost money on an “unprecedented scale.” The ETF has attracted consistent inflows throughout the past year, with only two withdrawals. However, data suggested net inflows of $1.8 billion in its debut year, while its current assets were recorded at $624 million, meaning a 70% drop in the fund’s equity price. Down 70% Jeffrey Ptak, chief rating officer...

Mit viel Tamtam wurden Bitcoin ETFs diskutiert und eingeführt. Vor einem Jahr war es der BTC futures-based ETF, der als BITO am New York Stock Exchange gelistet wird, der mit großem Medienhype eingeführt wurde. Genau ein Jahr später hat der ETF die Erwartungen nicht erfüllt und sogar gegen den BTC selbst an Wert verloren. Bitcoin News: Bitcoin ETF underperformed Year-to-YearDer Markt hat generell im Jahresvergleich verloren. Daher überrascht es nicht unbedingt, dass der Bitcoin-ETF im selben...

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The Switzerland-based fintech company – 21Shares AG – unveiled a Bitcoin exchange-traded product on Nasdaq Dubai, making it the first physically-backed BTC ETP in the Middle East. The firm has recently been on a listing spree, introducing Bitcoin and Ethereum ETNs on Nasdaq Stockholm, crypto ETPs on Euronext Paris and Amsterdam, and more. The Latest Offering The investment product issuer – 21Shares – expanded its global reach by launching a bitcoin exchange-traded product...

Grayscale stated that the SEC’s application of its “significant market test” is deeply flawed and does not protect investors against potential fraud and manipulation in the underlying BTC markets. The SEC is notorious for turning down dozens of spot Bitcoin ETF applications over the past several years from major players including WisdomTree and Ark21Shares. Grayscale, for one, has taken the legal route to resolve the matter. It has argued that the regulator acted outside its...

Simeon Hyman is the global investment strategist at Pro Shares. He recently sat down to discuss the current state of the crypto market and what he thinks the future holds. Simeon Hyman on the State of Crypto Pro Shares is famous for releasing the first official bitcoin exchange-traded fund (ETF) last year. While the product got a lot of flak for being based on bitcoin futures rather than actual spot trading – the former being considered less stable than the latter – it...