Tag Archives: bitcoin etf

Many analysts thought that with so much competition stemming from regions like Canada, the United States would give in sometime this year and submit to a bitcoin-based exchange-traded fund (ETF), but now it looks like that will not be the case. A Bitcoin ETF May Not Arrive This Year After All The Securities and Exchange Commission (SEC) has always been relatively stubborn when it comes to permitting bitcoin-based products and services, and despite many new ideas and...

Bitcoin ETFs sind aktuell wieder in aller Munde. Nun liebäugeln die großen Krypto-Vermögensverwalter Grayscale und Galaxy Digital mit einer Überführung der hauseigenen Bitcoin-Einlagen in einen ETF. Grayscale plant ersten Bitcoin ETF Galaxy Digital von Mike Novogratz hat Mitte April bei den U.S.-Regulatoren SEC einen Bitcoin ETF beantragt. Eine Genehmigung vorausgesetzt, soll der ETF an der NYSE Arca gehandelt werden, wobei der Bloomberg Galaxy Bitcoin als...

Not too long ago, Canada – the United States’ neighbor to the north – introduced its respective continent to the first ever bitcoin-based exchange-traded fund (ETF). The product has experienced solid popularity in this short period and is now valued at more than $1 billion in total assets. A Bitcoin ETF Is Truly as Popular as They Said It Would Be This past year’s cryptocurrency boom has arguably caused many people to swiftly jump into the cryptocurrency space. It has...

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...