Tag Archives: bitcoin etf

As bitcoin and the cryptocurrency industry continue to grow, there is increasing pressure on the Securities and Exchange Commission (SEC) to do something about approving a bitcoin-based exchange-traded fund (ETF). America is lagging, and with the digital currency world expanding to such a degree, many analysts and investors are wondering what could be taking so long. A Bitcoin ETF: Is It Right Around the Corner? As it stands, there are at least eight companies looking to...

It should be no surprise that more traditional corporations join the crypto fever by investing in bitcoin or adopting blockchain technology. Brevan Howard, a European hedge fund, is the latest asset manager to join the movement. Bloomberg reported that the asset manager is preparing to invest $84,000,000 in digital assets, representing 1.5% of its $5.6 billion hedge fund. Jonny Steindorff and Tucker Waterman, co-founders of crypto investment firm Distributed Global, will...

As bitcoin hits a new all-time high this week of just under $63,000 per unit, it appears that several members of Congress have different feelings towards the world’s number one digital currency by market cap. Kevin McCarthy – the House Minority Leader and a Republican from California – has reported that he is a fan of bitcoin, and that the U.S. government needs to wake up when it comes to implementing the appropriate regulations. Kevin McCarthy: The U.S. Is Losing Out In...

The number of companies filing to receive approval to launch a Bitcoin ETF in the US continues to increase with the addition of Mike Novogratz’s Galaxy Digital. If approved, the Galaxy Bitcoin ETF will trade on the NYSE Arca exchange.  Based in New York, Galaxy Digital is a diversified financial services firm dedicated to the cryptocurrency and blockchain industry. The company has made another pro-crypto step by filing with the US Securities and Exchange Commission to launch...

America’s oldest bank, BNY Mellon, will become the first service provider for a Bitcoin exchange-traded fund (ETF) launched by Antoni Scaramucci’s SkyBridge and First Trust Advisors, pending approval. According to a press release, if the SEC approves the ETF, BNY Mellon will provide several services for institutional clients, such as ETF basket operation, order taking, fund accounting, fund administration, and transfer agency services. Traditional Institutions Jumping on the...

Todd Rosenbluth – head of ETF and mutual fund research at CFRA Research – mentioned in a recent interview that he thinks a bitcoin or crypto-based exchange-traded fund will appear in the United States within the next year or two. Rosenbluth Still Thinks It’ll Be a While Before We See a BTC ETF in the U.S. Rosenbluth comments: We’ve got a number of firms that have either gone through the filing process or have previously filed but are waiting for more clarity. The SEC is...

The world’s largest cryptocurrency asset manager, Grayscale, has confirmed its commitment to convert the GBTC trust into a Bitcoin ETF. The company has filed documents with the US Securities and Exchange Commission indicating that it has completed all steps before such a transition.  Launched in 2013, Grayscale is a digital asset manager enabling institutional and accredited investors to receive exposure to BTC and other cryptocurrencies without worrying about storing and...

With so many companies getting involved in the bitcoin-based exchange-traded fund (ETF) game as of late, it makes sense that a large financial firm such as Fidelity Investments would throw its wrench into the pot. Fidelity Is Looking to Establish a Bitcoin ETF Fidelity was one of the first financial brokers to offer digital currency trading and storage services to its clients in 2018. Now, it’s cementing its status even further as the ultimate crypto haven by preparing...

One analyst at Bloomberg believes Bitcoin is on its way to become a “global digital reserve asset” for investors escaping from inflation. Mike McGlone, a senior commodity strategist at Bloomberg Intelligence recently posted a graph showing the BTC/USD annual average price and the Bitcoin Liquid Index.Bitcoin Chart. Source: TwitterAs shown in the chart, Bitcoin could reach a price of over $400,000 by 2021 considering price behavior in the past. BTC is transitioning from a mere speculative...

Major U.S. investment bank Goldman Sachs has filed a prospectus with the U.S. Securities and exchange Commission (SEC) for an exchange-traded fund (ETF) that could offer exposure to bitcoin and other cryptocurrencies.In a recent document filing, Goldman Sachs is seeking approval from the SEC to launch an ETF called the ARK Innovation ETF.According to the banking giant, the ETF would focus on companies that offer what it considers “disruptive innovation” while stating that it could offer...