Tag: ETF

What happens if SEC doesn’t appeal Grayscale spot Bitcoin ETF ruling?

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The United States Securities and Exchange Commission will soon reach its deadline to appeal the court decision that ruled in favor of Grayscale Investments, forcing the regulator to review the fund manager’s application for a spot Bitcoin (BTC) fund. While many observers don’t believe the securities regulator will attempt to appeal the court’s decision, analysts say there could still be ways for the SEC to delay approval of Grayscale’s spot Bitcoin ETF conversion. On Oct. 13, the SEC must either appeal the D.C. Circuit Court of Appeals decision to the…

ARK Invest and 21Shares refine Bitcoin ETF filing, hint at progress

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ARK Invest and 21Shares have amended their filing for a bitcoin exchange-traded fund (ETF). Experts consider it a sign of working jointly with the U.S. SEC. The amendment, filed on Oct. 11, provides more details on the proposed ETF, including its name, ticker symbol, fee structure, and custodian. The document now has five pages added — allegedly, following the the Securities and Exchange Commission (SEC) comments. ETF analyst at Bloomberg Erich Balchunas calls the amendment of the ETF a sign of good progress. There’s 5 extra pages in new S-1…

ARK Invest’s Updated Spot Bitcoin ETF Prospectus ‘Good Sign’ for Future Approval

One notable adjustment pertained to the Net Asset Value (NAV) calculations, which ARK Invest acknowledged were not aligned with Generally Accepted Accounting Principles (GAAP), the accounting standard endorsed by the SEC.  Eric Balchunas, an ETF analyst at Bloomberg, recently took to the social media platform X to reveal that ARK Invest’s latest amendment to its spot Bitcoin Exchange Traded Fund (ETF) filing may signify a positive step toward future approvals for a Bitcoin ETF. It’s worth noting that the Securities and Exchange Commission (SEC) had sent comments and questions to…

ARK’s amended spot Bitcoin ETF filing is a ‘good sign’ of future approval

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A recent amendment to ARK Invest and 21Shares’ joint spot Bitcoin (BTC) exchange-traded fund (ETF) application could be seen as a “good sign” of progress and impending approvals. An amended Oct. 11 filing to the Securities and Exchange Commission for approval adds additional information about the proposed spot Bitcoin ETF, including practices for how the fund will custody assets and determine asset values. Bloomberg senior ETF analyst Eric Balchunas said the changes could be in direct response to concerns the SEC has asked ETF issuers to address. “It means ARK…

A Spot ETH ETF Represents the Dawn of Institutional Liquid Staking

But where does liquid staking fit into this picture? A spot ETH ETF, if approved, could induce demand from institutional traders, who will then likely scramble to participate staking. Simply holding ETH won’t be enough, these institutions will pivot to staking, looking to give their investors a higher return on their ETF holdings (especially on a deflationary asset). Source

SEC’s Ethereum ETF approval confirms its non-security status: Former CFTC chief

The SEC’s recent approval of Ethereum ETFs confirms its status as a non-security, says former CFTC Chairman Brian Quintenz, who is currently a head of policy of a16z crypto. On Oct. 2, the financial market welcomed a total of nine ETF products aimed at tracking futures contracts linked to Ether, the native currency of the Ethereum blockchain. Out of these nine, five ETFs are solely focused on Ether futures, whereas the remaining four offer exposure to both Bitcoin (BTC) and Ethereum (ETH) futures contracts. Grayscale Investments is also exploring the…

ETF filings changed the Bitcoin narrative overnight — Ledger CEO

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Over the past 12 months, some investors learned the hard way why they needed to move their crypto offline. Those who kept Bitcoin (BTC) and altcoins on crypto exchanges like FTX lost control of their assets, sometimes forever. Events drew a red line under the storied crypto adage: “Not your keys, not your coins.”  FTX’s loss was hardware wallet manufacturer Ledger’s gain, however. The Bahamas-based exchange’s November 2022 bankruptcy filing delivered to Ledger “our biggest sales day ever,” the firm’s chief experience officer, Ian Rogers, told Cointelegraph, and “November turned…

BTC Price Surges Despite SEC Delaying Some ETF Decisions – Blockchain News, Opinion, TV and Jobs

Notably, September saw BTC registering a 4% price increase, marking the first September price rise since 2016. This welcome development provided respite for the digital asset market capitalization, following two consecutive negative months in July and August.Bitcoin leads the charge in this upward trajectory, as evidenced by the Bitcoin dominance metric, which measures the relationship between Bitcoin’s market capitalization and the total digital asset market capitalization. Bitcoin dominance rose to 50.4%, up from 49.9% at the end of the previous week, showcasing its relative strength in comparison to the broader…

Volatility Shares cancels ETH futures ETF launch, ‘didn’t see the opportunity at this point in time’

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Volatility Shares, a financial firm offering a range of exchange-traded fund (ETF) products, canceled its plans to launch an Ether (ETH) futures ETF on Oct. 2, citing changes in the market.  In an email with Cointelegraph, the company’s co-founder and president, Justin Young, confirmed the cancellation: “You are correct — we did not launch today. We didn’t see the opportunity at this point in time.” However, when asked if the company still planned to launch an ETH futures ETF at a later date, Young responded, “Of course,” adding that “plans…