Tag: ETF

WisdomTree to Expand Investment Options with Bitcoin in Commodity ETF

While WisdomTree is expanding its investment options with Bitcoin, the asset manager has also decided to liquidate five of its ETFs. WisdomTree, one of the major players in the financial industry, is considering the addition of Bitcoin (BTC) as part of its commodity exchange-traded fund (ETF), providing its customers with exposure to the crypto market without direct investment in the asset. According to a recent document released on Tuesday, the company proposed allocating around 5% of the WisdomTree Enhanced Commodity Strategy Fund (GCC) to track the crypto asset while maintaining…

Bernstein’s stock picks to play the expected bitcoin ETF and halving

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Crypto investors are returning attention to two big catalysts – a bitcoin ETF and the Bitcoin halving – and Bernstein has ways to play each. Crypto is entering a seasonally upbeat period for markets just as investor interest in crypto has been brought back to life thanks to renewed optimism in recent weeks around a potential bitcoin ETF being approved in 2024. Even as investors debate whether or not that expected approval has been priced in to the performance of crypto assets and stocks, there’s another positive catalyst set to…

Sizing the Massive Spot Bitcoin ETF Opportunity

Another reason a U.S. spot bitcoin ETF is such a big deal is because of its advantages over other trading vehicles and the resulting increased likelihood of greater adoption. Relative to spot, futures, proxy stocks, OTC-traded trusts, and private funds, ETFs offer a unique and advantaged combination of fees/transaction costs, liquidity, tracking error, and operational complexity, not to mention alleviating the need to figure out custody. Source

Vanguard CEO Rules Out Bitcoin ETF, Stresses Long-Term Investment

With the US SEC edging closer to potentially approving a Bitcoin ETF, experts and industry leaders are offering their predictions on the potential impact of this milestone on the crypto market. In a recent interview on CNBC’s ‘The Exchange’, Tim Buckley, Chairman and CEO at Vanguard Group, the world’s second-largest asset manager, stated that the company has no plans to pursue a Bitcoin (BTC) spot Exchange Traded Fund (ETF). Vanguard to Focus on Core Values Buckley’s firm stance on this issue was clear as he stated: “We won’t be pursuing…

U.S. SEC reviewing BlackRock Bitcoin ETF application; Polkadot, Cosmos, and new coin may soar on approval

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BlackRock, a top investment firm, is closer to getting a regulatory nod from the U.S. Securities and Exchange Commission (SEC) for its spot Bitcoin ETF application. Its product was temporarily listed at the Depository Trust & Clearing Corporation (DTCC). While the approval is pending, analysts expect Polkadot, Cosmos, and Everlodge to benefit. Everlodge can benefit from the Bitcoin ETF launch Global tourism has seen growth since the end of the COVID-19 lock-down.  Recent research indicates there are over 17.5 million guest rooms worldwide. However, it has largely been overlooked by…

Spot Bitcoin ETF hype reignited zest for blockchain games: Yat Siu

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Enthusiasm surrounding a possible spot Bitcoin (BTC) exchange traded fund (ETF) isn’t just driving up the price of Bitcoin — it’s also sparked a resurgence of enthusiasm for blockchain games, says Animoca Brands founder Yat Siu.  Speaking to Cointelegraph at Hong Kong Fintech Week, Siu said the price increases of many cryptocurrencies reignited investor confidence in the Web3 gaming market as well as sparking a fresh wave of related on-chain activity. “Token values are a way of confidence building in terms of users and utility. It’s not for the purpose…

Valkyrie’s McClurg expects spot Bitcoin ETF approval in November 2023

Steven McClurg, co-founder of Valkyrie Investments, believes the U.S. Securities and Exchange Commission (SEC) will approve multiple spot Bitcoin exchange-traded fund (ETF) applications in November 2023.  In his assessment, firms have addressed all the issues of market manipulation raised by the regulator.  By McClurg’s estimation, the regulator may send another round of comments to those who submitted for the ETFs in the next one to three weeks, followed by approval of 19b-4 rule changes in November 2023.  However, the market will likely see spot Bitcoin ETFs in February 2024. This comes…

Valkyrie CIO Expects Bitcoin ETF Approval This Month in Preparation for February Launch

The Valkyrie CIO says that the SEC will ask for comments and possibly approve an ETF proposal this month after all issues are addressed. A Valkyrie Investments exec has hinted at a strong possibility for a spot Bitcoin ETF approval this month. According to Chief Investment Officer (CIO) Steven McClurg, the United States Securities and Exchange Commission (SEC) will likely confirm an ETF approval by the end of the month. McClurg is hopeful because applicants have adequately addressed issues of potential fraud and market manipulation, the main reason why the…

ProShares Goes Short On Ethereum With New ETF Launch

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ProShares, one of the biggest issuers of exchange-traded funds (ETFs), has added another Ethereum-related ETF to its growing offerings following the launch of the “world’s first Short Ether-Linked ETF” on November 2.  ProShares Short Ethereum Strategy ETF In its announcement, the asset manager mentioned that the ProShares Short Ether Strategy ETF trading under the ticker ‘SETH’ will provide an avenue for investors to profit from declines in the price of the second largest cryptocurrency, Ether.  With the launch of this Ethereum investment vehicle, the company believes that its clients have…