Hoffman – an ETF veteran – spent over 17 years at investment manager Invesco, first as the director of ETF institutional sales and capital markets at Invesco PowerShares Capital Management, before moving into an adviser role and most recently, leading the Americas, ETF and indexed strategies team. Original
Anticipation is building as major asset managers’ predicted approval date for Bitcoin ETF applications approaches 2024. Experts have now issued bold predictions, with Bloomberg exchange-traded fund (ETF) expert James Seyffart pinpointing the potential approval window from January 5th to January 10th. The significance of this timeframe has sparked excitement within the cryptocurrency community, as the approval could mark a major milestone for the industry. However, experts emphasize that failure to approve during this window could have significant implications for the SEC and potential ETF applicants. Bitcoin ETF Approval Expected On…
GBTC’s issuer added an ETF veteran to its ranks following constructive talks with the Securities and Exchange Commission over approval for spot Bitcoin funds. Digital asset giant Grayscale Investments has hired John Hoffman, a former high-ranking executive at Invesco, to aid its efforts toward bringing America’s first spot Bitcoin (BTC) ETF to market amid growing interest in the world’s top cryptocurrency. Hoffman was onboarded as Grayscale’s managing director, head of distribution and partnerships, a strategic role pivotal to growing financial products. He arrived at the firm with nearly two decades’…
With the heightened crypto regulatory crackdown and the US SEC’s change of attitude towards the industry, Bloomberg analyst argues all 12 applications will be approved in early January. The Bitcoin (BTC) bullish narrative that began in October is expected to continue in the coming weeks after the flagship crypto asset opened December on a high note. During the early New York trading session on Friday, Bitcoin price reached a new yearly high of around $38.8k, thus rejuvenating the $40k narrative before the end of the year. Moreover, Bitcoin price had…
Bloomberg ETF analyst James Seyffart estimates that the SEC’s decision deadline for Fidelity will likely be January 21, 2024, with the final decision expected on March 8, 2024. The United States Securities and Exchange Commission (SEC) has recently opened the floor for public comments on Fidelity Investments’ proposed spot Ethereum (ETH) Exchange-Traded Fund (ETF). This development, if approved, could mark a breakthrough for US investors seeking exposure to the booming world of crypto. The SEC’s Call for Public Input In a notice dated November 30, the SEC invited “interested persons”…
Mike Novogratz, Galaxy Digital CEO, opined that Bitcoin could swiftly race above its 2021 all-time high once the SEC greenlights spot BTC ETFs. Bitcoin (BTC) proponent Mike Novogratz predicts a return to all-time highs (ATH) followed by exponential growth for crypto’s king token after the U.S. Securities and Exchange Commission (SEC) issues approvals for spot Bitcoin ETFs, a development widely expected by January 2024. Prices are set on the margin, so that’s all new money. We will see a pretty successful shift of psychology when the government says you are…
The United States Securities and Exchange Commission (SEC) called on the public to comment on a proposed rule change that could allow asset management firm Fidelity to offer shares of its spot Ether exchange-traded fund, or ETF. In a Nov. 30 notice, the SEC said “interested persons” may comment on the Fidelity offering, proposing the Cboe BZX Exchange list and trade shares of its Fidelity Ethereum Fund. Fidelity first filed for approval of the fund on Nov. 17, becoming one of many firms looking to throw their hats into the…
Grayscale, the manager of the Grayscale Bitcoin Trust (GBTC), is updating the trust’s agreement for the first time since 2018, according to a Wednesday filing. The aim is to optimize GBTC’s structure for an anticipated change to a spot bitcoin ETF and level the playing field when it comes to other applicants including asset-management giant BlackRock. The update, which will be put out for a shareholder vote, involves two proposed modifications to the trust agreement. The first allows fees, which had been collected by Grayscale on a monthly basis, to…
Novogratz is not the only expert who expects Bitcoin price to skyrocket soon. One of the main reasons is that long-term holders are not selling off their positions According to Michael Novogratz, founder of digital asset management company Galaxy Digital, things may soon change for other stores of value like gold and Bitcoin (BTC) as the United States Federal Reserve changes course. In a Bloomberg interview, Novogratz shared optimism for these assets based on expectations that the Fed will become less aggressive with its policies. Since it looks like the…
Galaxy Digital founder Mike Novogratz believes the market will see a ‘pretty successful shift of psychology’ when the government allows spot Bitcoin ETFs. Bitcoin (BTC) is poised to reach its old highs a year from now, should the U.S. Securities and Exchange Commission (SEC) give the go-ahead to spot Bitcoin exchange-traded funds (ETFs), predicts Galaxy Digital Holdings Ltd. founder Mike Novogratz. In an interview with Bloomberg on Nov. 29, 2023, the founder and chief executive officer of Galaxy expressed his strong optimism about the cryptocurrency’s future as talks of spot…