Tag Archives: bitcoin etf

Gary Gensler of the U.S. Securities and Exchange Commission (SEC) has expressed a certain and sudden openness regarding bitcoin and crypto-based exchange-traded funds (ETFs), though many BTC and crypto analysts aren’t too happy about the situation. Will Bitcoin ETFs Soon Garner Approval? As it turns out, Gensler wants these ETFs to operate under a strict mutual fund rule that dates all the way back to the 1940s. In addition, he has stated that while the agency would be...

The popular Bitcoin stock-to-flow model is flawed, and the asset’s price might not reach a six-digit territory as it predicts, claimed the CEO of CryptoQuant, Ki Young Ju. In a recent interview, he also spoke about the declining issuance of stablecoins, the negative GBTC premium, and the potential consequences for BTC’s price. BTC S2F Model is Flawed Developed a few years back, the stock-to-flow model and its variations take into account the annual supply of BTC (flow) and...

Grayscale has appointed David LaValle, a former executive at Alerian and S-Network Global Indexes, to help the company on its way to having a BTC ETF approved in the States. As announced earlier on August 4th, the leading digital asset manager has enhanced its endeavors to launch a Bitcoin ETF through a new addition to the team. David LaValle has become the new Senior Managing Director and Global Head of ETFs, who will report directly to the company’s CEO – Michael...

The massive cryptocurrency boom during the latter half of 2020 and the first half of 2021, coupled with a wave of institutional investors betting billions of dollars on the growth of the ecosystem, helped raise optimistic expectations around the approval of a Bitcoin ETF in the United States. But one of the previous (unsuccessful) applicants for a Bitcoin ETF believes the odds of this happening anytime soon are very low. Want a Bitcoin ETF? Better Wait According to Wilshire...

Although the US Securities and Exchange Commission has failed to approve even a single BTC ETF application, the Grayscale CEO believes it’s a matter of “when, not a matter of if.” In a recent interview, Michael Sonnenshein also outlined that the current price correction has allowed long-term investors to accumulate more portions. BTC ETF: A Matter of When not if The topic of Bitcoin ETF has surged in popularity lately as Brazil and Canada already have multiple such products...

Cryptocurrencies took center stage in 2021 as the market went through a massive bull run where the price for bitcoin skyrocketed to an all-time high of $65,000 in mid-April, and many other cryptocurrencies followed suit. This attracted a lot of attention even from institutional players and large, publicly-listed companies. The elephant in the room is obviously Tesla. Elon Musk’s electric car maker announced that it had bought $1.5 billion worth of BTC back in January and even...

The world’s largest digital asset manager, Grayscale Investments, has partnered with America’s oldest bank BNY Mellon. As a result, the banking giant will provide the Grayscale Bitcoin Trust with fund accounting and administration starting later this year. The announcement from Grayscale states that as of October 1st, 2021, BNY Mellon will become an official partner with several services oriented towards the company’s largest fund. Namely, the oldest US bank will “provide the...

After the US regulator postponed its decision about VanEck’s BTC ETF attempt, the watchdog has done the same with the application filed by Anthony Scaramucci’s SkyBridge Capital. CryptoPotato reported earlier this year when the global investment company based in NYC, SkyBridge Capital, filed with the SEC to launch a Bitcoin ETF. Should the product be approved, its service provider will be America’s oldest bank – BNY Mellon. Although the watchdog had until July 11th to make...

The demand for the Purpose Bitcoin ETF has resumed after the mid-May decrease. Consequently, the company’s product has increased the bitcoins it holds by almost 30% in less than two months. Purpose BTC ETF Holds Almost 22.5K Coins CryptoPotato reported earlier this year when Canada’s Ontario Securities Commission (OSC) approved a filing by the financial services company – Purpose Investments – to launch an exchange-traded fund tracking the performance of the primary...

Hester Peirce, also known as the “crypto mom,” believes the agency she works at – the Securities and Exchange Commission – should have greenlighted a BTC ETF years ago. She argued that the SEC’s rationale keeps growing weaker. In an interview with CNBC, Peirce commented on the hot topic of Bitcoin ETF in the US and whether the country’s regulator will eventually approve such a product. She said this is “probably the biggest, the most-often-asked question I get.” But, with the...