Tag: ETF

Europe’s spot Bitcoin ETF goes live in Amsterdam

Bitcoin (BTC) ETF will launch on Euronext Amsterdam under the ticker BCOIN following a delay of over two years. Jacobi Asset Management recently introduced the Jacobi FT Wilshire Bitcoin ETF, a digital asset fund emphasizing environmental sustainability. The ETF aligns with the European Union’s sustainable finance guidelines. The company initially filed for it in 2021 and planned a July 2022 release on Euronext Amsterdam. However, its launch was postponed due to market upheavals caused by the Terra ecosystem collapse and FTX crypto exchange issues. Originally slated for a July 2022…

Ethereum Futures ETF To Launch On Oct 12, Will ETH Echo BTC?

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The crypto space is on the verge of another potentially historic moment with the first Ethereum Futures ETF in the US. Volatility Shares, a pioneer in the ETF space, has announced its intention to launch the Ether Strategy ETF (Ticker: ETHU) on October 12, 2023. If all goes as planned, this could mark the first Ether based exchange traded fund (ETF) in the United States. First Ethereum Futures ETF Is Set To Launch In The US Volatility Shares has positioned the ETF around cash-settled Ethereum futures contracts trading on the…

SEC delays set deadline for Bitcoin ETF approval to early 2024

The United States Securities and Exchange Commission (SEC) — the financial regulator with the final say over allowing a spot cryptocurrency exchange-traded fund (ETF) — may be moving closer to giving the investment vehicle the green light after several years of applications. In June, the world’s largest asset management firm, BlackRock, added its application to the bundle of Bitcoin (BTC) ETF filings currently being reviewed by the SEC, creating renewed interest among investors in and out of the crypto space. The company later added a “surveillance-sharing agreement” with cryptocurrency exchange Coinbase…

SEC delays set deadlines for Bitcoin ETF approval to early 2024

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The United States Securities and Exchange Commission (SEC) — the financial regulator with the final say over allowing a spot cryptocurrency exchange-traded fund (ETF) — may be moving closer to giving the investment vehicle the green light after several years of applications. In June, the world’s largest asset management firm, BlackRock, added its application to the bundle of Bitcoin (BTC) ETF filings currently being reviewed by the SEC, creating renewed interest among investors in and out of the crypto space. The company later added a “surveillance-sharing agreement” with cryptocurrency exchange Coinbase…

Europe’s First Spot Bitcoin (BTC) ETF Opens in Holland

Bitcoin and ether remained little-changed on Tuesday, trading at $29,350 and $1,840, respectively. The world’s largest cryptocurrency by market value has struggled to find directional momentum over the past few weeks, trading in an exceedingly tight range. A possible catalyst for shaking the market up would be a spot bitcoin ETF. While the U.S. Securities and Exchange Commission (SEC) may or may not make a decision soon, analysts are expecting a court to deliver a verdict – perhaps as soon as today – in Grayscale’s lawsuit against the SEC over…

Europe Beats US To List Spot Bitcoin ETF

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London-based asset manager Jacobi listed Europe’s first spot Bitcoin exchange-traded fund on Euronext Amsterdam. Jacobi initially received approval for this ETF in 2021 but delayed its listing due to crypto crashes in 2022 like the Terra collapse and the Three Arrows crisis. The Jacobi FT Wilshere Bitcoin ETF will trade under the ticker BCOIN and features a decarbonization plan. Europe lists a Bitcoin ETF ahead of the U.S. despite a swathe of applications from issuers like Blackrock and Fidelity. London-based asset manager Jacobi has listed Europe’s inaugural spot Bitcoin exchange-traded…

First EU spot Bitcoin ETF hits Euronext Amsterdam exchange

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The London-based digital asset management firm announced that its new investment product was going live on the Euronext Amsterdam stock exchange on Aug. 15, more than a year later than its planned launch in 2022. The Jacobi FT Wilshire Bitcoin ETF is now trading. Source: Euronext Amsterdam. As previously reported by Cointelegraph, the offering was touted as the first spot or physical-backed Bitcoin fund which would allow investors to gain exposure to a financial product that is physically backed by BTC. The new ETF is set to trade under the…

Grayscale Bitcoin ETF decision could happen this week, pundits say

Grayscale Investments, which has been seeking to convert its Bitcoin (BTC) trust into a spot Bitcoin exchange-traded fund, could be getting a decision on its lawsuit against the federal securities regulator before the week’s end. In an Aug. 11 tweet, Scott Johnsson, a general partner of Van Buren Capital, explained that law clerks in the United States District Courts generally cycle out in August, pushing judges to clear out the caseload “before the new guard arrives.” He noted that 30 out of 32 cases in March of 2021 and 2022…

Here’s Why This Former SEC Lawyer Thinks A Spot Bitcoin ETF Isn’t Coming

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Recent comments from former SEC Attorney John Reed Stark have further dampened optimism about the regulator approving any of the pending Spot Bitcoin ETF applications. Spot Bitcoin ETF Approval Looking More Unlikely The United States Securities and Exchange Commission (SEC) has continuously denied applications for a Spot Bitcoin ETF, and Stark has suggested that this trend isn’t going to change anytime soon as the SEC will likely deny all the pending applications due to several “compelling reasons.” While aligning his opinion with that of Better Markets, Stark stated that the…