Tag Archives: bitcoin etf

Not long ago, Gary Gensler – the head of the Securities and Exchange Commission (SEC) – commented on how the agency would potentially unroll an approval path for a bitcoin-based exchange-traded fund (ETF). The news had some people dissatisfied given the circumstances of the rollout, and now Michael Sonnenshein – the CEO of Grayscale, one of the world’s largest bitcoin and crypto trusts – is throwing his two cents into the mix. Michael Sonnenshein Shares His Views on a...

Despite a string of heavy financial losses, Mike Novogratz – the head of Galaxy Digital Holdings Ltd – is remaining positive about bitcoin and the growing digital finance space. Mike Novogratz Is Looking to Start a Bitcoin ETF In a recent interview, Novogratz has revealed that his company has applied with the Securities and Exchange Commission (SEC) to begin a bitcoin-based exchange-traded fund (ETF), which has arguably been the object of many crypto companies’ affection...

The global investment management company VanEck has filed again for a Bitcoin Strategy exchange-traded fund (ETF). The US firm has tried several times in the past few years but the SEC is yet to approve a single BTC ETF. New York-based investment firm VanEck submitted an application to the SEC to roll out a BTC Strategy ETF. The ETF will contain bitcoin futures, bitcoin funds, and various other investment instruments related to the primary cryptocurrency. According to...

Brazil continues to make progress in creating new investment opportunities related to cryptocurrencies. This week, it launched a brand new Bitcoin ETF —with a green twist. Under ticker BITH11, the Hashdex Nasdaq Bitcoin Reference Price replicates the performance of the Nasdaq Bitcoin Reference Price Index. This would, in turn, be the second ETF available in Brazil offering 100% exposure to Bitcoin, competing against the QR CME CF Bitcoin Reference Rate or QBTC11 that was also...

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...