Tag Archives: sec

The California state-chartered bank, Silvergate, is eyeing to secure $461.3 million as per the latest filing with the US Securities and Exchange Commission (SEC) through the sale of 3.31 million of common stock. The proposed maximum offering price per share is $145. Silvergate’s Public Offering The official document revealed that the financial institution had granted the underwriters 30 days to buy over 496.6k additional shares of its common stock. It also estimated the...

A bitcoin-based exchange-traded fund (ETF) has made it onto the New York Stock Exchange (NYSE). Released by a company called Pro Shares, this product became the target of many crypto-related news headlines in recent weeks, and it has caused many people to see the digital currency space in a whole new light: one of legitimacy and precedence. A Physical Bitcoin ETF Is Needed for the Space to Grow Sadly, this and other recently greenlit ETF products are based on bitcoin...

Brad Garlinghouse – Chief Executive Officer of Ripple – said the fintech company was making “pretty good progress” in its legal battle with the United States Securities and Exchange Commission (SEC). He expects to reach a conclusion in 2022. Ripple Takes The Upper Hand In an interview for CNBC, Brad Garlinghouse opined that the legal lawsuit versus the SEC is going in favor of Ripple. However, the case is unlikely to be solved by the end of 2021 due to its specifics:  “We’re...

US regulators have banned the new bitcoin-based exchange-traded fund (ETF) submitted by Van Eck. The Securities and Exchange Commission (SEC) had until November 14 of this year to make an official decision, though it looks like regulators were not willing to take the entire time window they had open to them. They certified a “no” on November 12. The Van Eck ETF Is Ungraciously Kicked Aside The SEC has been one of the most closed-minded organizations to bitcoin and the...

The last couple of years have witnessed explosive growth in the mainstream acceptance of cryptocurrencies as aggregate global digital asset capitalization surged past $3 trillion in market capitalization amid a flood of institutional demand and expanded use cases. Digital assets like bitcoin (BTC), ether (ETH), and several other altcoins have come a long way, gradually transitioning from speculative investments to crypto portfolio stablemates. As cryptocurrencies continue...

The United States Securities and Exchange Commission has rejected VanEck’s proposal for a spot Bitcoin ETF. This comes after several delays by the agency. The global investment manager VanEck has been among the most active companies when it comes down to filing with the SEC to launch a Bitcoin ETF. In the past several years, the firm had numerous applications, with some rejected by the agency and others it had to withdraw on its own. However, the landscape in the States...

Analysts are claiming that an Ethereum-based futures exchange-traded fund (ETF) could be released as early as the first quarter of next year. The Possibility of an Ethereum ETF? The big news in 2021 is that a bitcoin ETF has finally made it to market. The product was released just a few weeks ago by a company called Pro Shares. It began trading on the New York Stock Exchange (NYSE) and received positive reviews from analysts and traders alike. However, there was one big...

The Securities and Exchange Commission (SEC) may appear all lovey-dovey with the idea of a bitcoin-based exchange-traded fund (ETF) as of late given its approval of the recent Pro Shares product. Sadly, this would not necessarily be true, as the firm has recently announced it will be pushing another ETF decision into 2022. The SEC Has Delayed Another Decision Regarding a BTC ETF The new ETF comes by way of a company known as Valkyrie. The firm had placed its ETF...

Just last week, the United States’ first official bitcoin-based exchange-traded fund (ETF) began getting traded on the New York Stock Exchange (NYSE). Released by trading firm Pro Shares, crypto investors feel that the product – while imperfect – is a step in the right direction, and yet the SEC’s Gary Gensler is not as optimistic, and still feels certain things should take place for investors to get the right protection. Gary Gensler: Still Plagued with Worry The...

US ETF issuers are looking for new ways to capture the attention of institutions a week after the watershed launch of Bitcoin ETF. Direxion, for one, is offering an ETF that shorts crypto futures. October 19th was a monumental day for the entire cryptocurrency industry. Right after ProShares’ Bitcoin ETF welcomed impressive volume on the New York Stock Exchange (NYSE), Bitcoin surged to record levels. BITO’s debut further extended the rally. But this time, firms are getting a...