Tag: ETF

Observations and Anticipation in the Crypto ETF Market

When the first U.S. bitcoin futures ETF was launched, it made a huge impact. The ProShares Bitcoin Strategy ETF (BITO) was launched on Oct. 18, 2021, and it was the second-highest traded ETF in existence. Turnover was over $1 billion on the first day, while all seven ether futures ETFs traded only $7 million on Oct. 7. But this was a different time. Bitcoin prices were at their peak at over $69,000, and Ethereum prices were similarly at their peak at over $4,800. Mainstream investors were a lot more excited…

JPMorgan foresees lawsuits for SEC on spot Bitcoin ETF rejections

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The SEC faces potential legal challenges over its handling of spot Bitcoin ETF applications, amidst rising institutional interest in cryptocurrencies, as highlighted by JPMorgan analysts. The burgeoning cryptocurrency market is once again at a crossroads with the U.S. Securities and Exchange Commission (SEC) facing potential legal challenges if it decides to decline applications for spot Bitcoin (BTC) exchange-traded fund (ETF) applications. JPMorgan analysts, led by Nikolaos Panigirtzoglou, have highlighted the situation, suggesting that the SEC may find itself embroiled in legal disputes, akin to the recent case with Grayscale Investments.…

Scammers exploit Bitcoin ETF hype with fake IBTC token

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Crypto investors have fallen victim to a scam token, which shares the same ticker as BlackRock’s legit ETF. BNB Chain-based iShares Bitcoin (IBTC) token has scammed investors for nearly $90,000 worth of crypto as the crypto community is abuzz with spot bitcoin exchange-traded fund (ETF) excitement. According to an X post from a blockchain analytics firm PeckShield, a bad actor has swapped one quadrillion IBTC tokens for 394.8 Binance Coin (BNB) worth of $89,000 through PancakeSwap, with IBTC’s price immediately dropping by 100% from $0.0025. Once the scammer swapped IBTC…

Bitwise Invest amends Bitcoin ETF filing

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Bitwise Invest has made certain changes to its application to register a spot Bitcoin ETF following comments from the U.S. Securities and Exchange Commission (SEC). Bloomberg Intelligence analyst James Seyffart reported on this on his Twitter account. According to the expert, there are no significant changes in the filing. However, the company added its product ticker BITB. If the SEC approves ETF, it will trade on the NYSE Arca exchange. When asked whether this should be considered a definite signal, Seyffart replied that it is just an example of a…

Hashdex Holds Talks with SEC Over Bitcoin ETF Proposal

Hashdex’s proposed ETF stands out from existing cryptocurrency-related ETFs due to its unique approach, which is the purchase of physical Bitcoin. Brazilian crypto asset manager, Hashdex recently held extensive discussions with the Securities and Exchange Commission (SEC) regarding its proposal to launch an Exchange-Traded Fund (ETF) designed to purchase physical Bitcoin (BTC). Hashdex Offers Strong Argument to Support ETF Pursuit Nate Geraci, co-founder of The ETF Institute and the host of the ETF Prime Podcast, has recently shared his insights on the ongoing dialogue between Hashdex and the SEC, shedding…

Hashdex sits down with SEC over spot Bitcoin ETF application

Asset manager Hashdex recently held a meeting with the U.S. Securities and Exchange Commission to address the regulator’s concerns about its application to allow the Hashdex Bitcoin Futures exchange-traded fund (ETF) to hold spot Bitcoin, a source familiar with the matter told Cointelegraph.  As per a memorandum released by the Division of Trading Markets, the meeting took place on Oct. 13, with six SEC officials and representatives of Hashdex, NYSE Arca, Tidal Financial Group, and law firm K&L Gates in attendance. In the meeting, Hashdex presented its mechanism allowing spot Bitcoin (BTC)…

CNBC’s Joe Kernen warns investors to ‘prepare for the halving’ amid Bitcoin ETF hype

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CNBC anchor Joe Kernen’s tweet about the upcoming Bitcoin halving has ignited discussions in the cryptocurrency community, warranting a thorough and unbiased analysis of its potential market impact and the recent price surge linked to BlackRock Bitcoin ETF rumors. CNBC anchor Joe Kernen recently sparked attention in the crypto community with his enthusiastic tweet, circulated by Bitcoin Magazine, proclaiming, “prepare for the halving. The halving is coming.” Kernen was referring to the anticipated Bitcoin halving event, a technical occurrence that slashes mining rewards for new Bitcoins in half, which theoretically…

New ETF Speculation and Innovations, Including Taproot Assets, Redefine Its Landscape

BITCOIN BLOSSOMS: It’s not just bitcoin’s price that’s suddenly exploding – thanks to speculation that U.S. regulators might approve new exchange-traded funds or ETFs allowing traditional investors to ape in. There’s also an upsurge in new products and technologies claiming to enhance the oldest and largest blockchain. Just two weeks ago, The Protocol covered the details of Robin Linus’s research paper on “BitVM,” proposing a way of incorporating smart contracts onto Bitcoin. The development offered yet another manifestation of Bitcoin getting Ethereum-style features that many members of the community had…

Hashdex engages in dialog with SEC over Bitcoin DeFi ETF filing

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According to an Oct. 24 memorandum, digital asset management firm Hashdex has had a discussion with the SEC about their ETF filing that would purchase physical Bitcoin. In a follow-up post on X, Nate Geraci, the co-founder of the The ETF Institute and host of the ETF Prime Podcast, shares the importance of this ongoing dialogue and why it is interesting for the community. Looking back to 2022 The memorandum, which included a presentation from Hashdex, shares that the CME market has sufficiently developed to support its new product, quoting the…