Tag: ETF

WisdomTree amends S-1 form spot Bitcoin ETF filing as crypto crowd awaits SEC decisions

The global exchange-traded fund (ETF) provider WisdomTree filed an amended S-1 form spot Bitcoin (BTC) ETF prospectus with the United States Securities and Exchange Commission (SEC) on Nov. 16. The update comes a few months after WisdomTree refiled its spot Bitcoin ETF application in June 2023, proposing a rule change to list and trade shares of the WisdomTree Bitcoin Trust on the BZX Exchange by Chicago Board Options Exchange (CBOE). The amended prospectus mentions that the WisdomTree Bitcoin Trust ETF will trade under a ticker symbol BTCW, with Coinbase Custody Trust serving as…

WisdomTree amends S-1 form spot Bitcoin ETF filing as crypto awaits SEC decisions

boss

The global exchange-traded fund (ETF) provider WisdomTree filed an amended Form S-1 spot Bitcoin (BTC) ETF prospectus with the United States Securities and Exchange Commission (SEC) on Nov. 16. The update comes a few months after WisdomTree refiled its spot Bitcoin ETF application in June 2023, proposing a rule change to list and trade shares of the WisdomTree Bitcoin Trust on the BZX Exchange by the Chicago Board Options Exchange (CBOE). The amended prospectus mentions that the WisdomTree Bitcoin Trust ETF will trade under a ticker symbol BTCW, with Coinbase Custody Trust serving…

CoinShares eyes acquisition of Valkyrie Funds to expand into U.S. crypto ETF market

CoinShares has announced an option to potentially acquire Valkyrie Funds, signaling a strategic move to extend its footprint in the U.S. cryptocurrency ETF landscape, pending regulatory approvals. CoinShares, a renowned name in cryptocurrency investments, has recently announced its plan to potentially acquire Valkyrie Funds, an investment advisory business specializing in crypto Exchange-Traded Funds (ETF). This announcement, made via a press statement on Thursday, marks a pivotal moment in the evolving landscape of crypto-focused investment products. The deal, which includes an exclusive option to acquire Valkyrie Funds, active from Nov. 16…

CoinShares gets buying rights to Valkyrie’s crypto ETF unit

boss

European digital asset management firm CoinShares secured the exclusive option to acquire the exchange-traded fund (ETF) unit of its United States competitor Valkyrie Investments, including the Valkyrie Bitcoin Fund that’s awaiting approval in the U.S. CoinShares said on Nov. 17 that the move helps it expand to the U.S., which could soon become the epicenter for ETF offerings. The firm’s CEO Jean-Marie Mognetti added he hopes the Valkyrie acquisition will help it capitalize on what is currently a fragmented global ETF market. “The establishment of crypto spot ETPs in Europe…

Franklin Bitcoin ETF yet to see indication of delay order

boss

According to Bloomberg analyst James Seyffart, who covers ETFs and the broader industry, no indication of a delay order for the Franklin Bitcoin ETF filing is evident. The deadline for an answer is tomorrow, Nov. 17, the same as Hashdex, according to the Nov. 16 post on X. Adding suspense In a separate post made on Nov. 14, Seyffart shares that there is a pretty good chance the crypto community will delay orders from the SEC, stating that even if this is the case, it would not change anything about…

BlackRock Files Ethereum Spot ETF With SEC

Per the S-1 filing submitted to the SEC, the iShares Ethereum Trust is designed to reflect the performance of the Ethereum. BlackRock Inc (NYSE: BLK), a top investment asset management firm, has filed for a spot Ethereum Exchange Traded Fund (ETF) with the United States Securities and Exchange Commission (SEC). This comes only a week after it registered the ETF dubbed iShares Ethereum Trust with Delaware’s Division of Corporations, and almost six months after filing for Bitcoin equivalent, the iShares Bitcoin Trust. Notably, the iShares brand is associated with all…

Bitcoin Price Is Up Despite SEC Delay, Is The Spot ETF Decision Priced In Already?

boss

On Wednesday, the Bitcoin price rallied toward $38,000 amid expectations of the United States Securities and Exchange Commission (SEC) finally approving the first Spot BTC ETF. The regulator would end up exercising its right to delay its decision further, something that has usually been bearish for the price. However, the Bitcoin price continued to show strength, suggesting that a Spot Bitcoin ETF approval might be priced into the market already. SEC Delays Spot BTC ETFs The SEC announced on Wednesday that it had decided to further delay its decision on…