Tag: ETF

Grayscale lawyers refer to SEC allowing Volatility Shares’ investment vehicle in push for ETF

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Digital asset manager Grayscale has filed a letter in its lawsuit against the United States Securities and Exchange Commission (SEC) over the rejection of a spot Bitcoin exchange-traded fund (ETF), citing a possible precedent in furtherance of its case. In a letter dated July 10, Grayscale’s legal team notified the U.S. Court of Appeals for the District of Columbia Circuit of the listing of Volatility Shares Trust’s leveraged Bitcoin (BTC) futures ETF. The crypto investment vehicle started trading on June 27 without interference from the SEC, which to date has…

Crypto exchanges in the crosshairs as Gemini sues DCG, BlackRock resubmits bitcoin ETF application

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This week, Gemini made the news by filing a lawsuit against Digital Currency Group (DCG), accusing them of fraud. This unexpected action has added to the ongoing tension between the two entities. Regulatory matters continue to be a global concern, despite a week of relative quiet. Additionally, BlackRock has submitted a renewed application for a bitcoin (BTC) ETF, underscoring the growing institutional acceptance of cryptocurrencies. Gemini sues DCG The Gemini and DCG saga took a new twist this week. Gemini demonstrated seriousness in recuperating lost funds for its Earn customers. …

BlackRock ETF stirs US Bitcoin buying as research says ‘get off zero’

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Bitcoin (BTC) will suck in “all prosperity gains” in future and leave behind those who have no exposure as a result, a new prediction says. In a Twitter thread on July 8, investor Luke Broyles delivered a bold vision of how Bitcoin would become “society’s base money.” Investor tells would-be Bitcoin buyers: “Get off zero” What started off as a commentary on how artificial intelligence (AI) is welcoming BTC soon became a dramatic outline of how it should end up as the world’s go-to currency. For Broyles, Bitcoin’s key attribute…

JPMorgan: SEC Approval of Spot Bitcoin ETF Unlikely To Be A Game Changer

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A JPMorgan strategist believes that SEC approval for a spot Bitcoin ETF won’t be a game changer.  The banking giant has argued that similar products have existed in Canada and Europe.  The strategist pointed out that Bitcoin funds have attracted little interest from investors over the past two years.  JPMorgan’s report acknowledged that spot BTC ETFs would bring more liquidity and transparency to BTC markets.  Wall Street giant JPMorgan believes that a spot Bitcoin ETF in the United States won’t have the impact that the crypto and TradFi communities believe…

ETF approval may boost Bitcoin’s liquidity, but it won’t be a game changer — JPMorgan

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A possible approval of a spot Bitcoin exchange-traded fund (ETF) won’t be a game changer for crypto markets, although it might benefit the leading cryptocurrency, according to a report by JPMorgan managing director Nikolaos Panigirtzoglou. Based in London, Panigirtzoglou is part of JPMorgan’s global market strategy team. He believes that a Bitcoin ETF in the United States would have a similar impact on markets to those seen in Canada in Europe, where spot Bitcoin ETFs have been around for some time. According to the report seen by Bloomberg, Bitcoin ETFs…

Why a Bitcoin ETF approval would be a big deal

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In this week’s episode of Market Talks, Cointelegraph welcomes Natalie Brunell, a podcast host, educator and media commentator in the Bitcoin space. Her podcast, Coin Stories, consistently ranks among the top 50 to 100 on Apple podcasts. She has over 300,000 Twitter followers, and is an award-winning TV journalist and former investigative reporter. Brunell explains how Bitcoin (BTC) is a tool for the financial empowerment of billions of people worldwide and how the depreciating United States dollar is stripping away people’s economic dignity. The elephant in the room when discussing Bitcoin with…

How the spot Bitcoin ETF filings affected the crypto industry in June: Report

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The news surrounding BlackRock’s application for a spot Bitcoin (BTC) exchange-traded fund (EFT) sent the asset’s price from its local lows in mid-June to a strong monthly close of +12%. To most observers, this was a sign that institutional investment into the cryptosphere is once again on the horizon. A future approval of a spot ETF combined with rate cuts from the United States Federal Reserve could provide the ideal catalysts for the next bull run. For those keen to gain a deeper understanding of the crypto space’s various sectors…

Will 2023 Be the Year of the Bitcoin ETF?

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As of right now, there’s still no spot bitcoin ETF trading in the U.S., but BlackRock’s filing a few weeks ago signaled to the industry that the time may be coming when that changes. Over the past few weeks, we’ve seen half a dozen new applications for a spot bitcoin ETF in the U.S. Has the market evolved enough to support an ETF, and can companies provide the SEC with enough assurances that an ETF would be safe? Original