Tag: ETF

Circle CEO Jeremy Allaire optimistic about bitcoin ETF approvals

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Jeremy Allaire, the co-founder and CEO of Circle, expressed optimism about the potential approval of bitcoin exchange-traded funds (ETFs) during an interview at the World Economic Forum in Tianjin, China. Allaire believes that regulators’ previous concerns regarding bitcoin ETFs will soon be resolved, paving the way for authorized ETFs. He noted the progress in developing more mature market structures to support these financial instruments. Allaire told Bloomberg, “You have mature spot markets, well-regulated custody infrastructure, and…

HSBC unveils bitcoin and ethereum ETF in Hong Kong

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied HSBC, one of Hong Kong’s largest financial institutions, has made history by enabling its clients to trade bitcoin and ethereum exchange-traded funds (ETFs), becoming the first bank in the city to do so. Expanding access to crypto in Hong Kong In response to the rising demand for cryptocurrency investments and the Hong Kong government’s push for greater support in the digital assets industry, HSBC has taken a groundbreaking step. Effective June 26, the bank introduced the…

HSBC Approves Bitcoin and Ethereum ETF Trading in Hong Kong

In conjunction with its decision to allow Bitcoin and Ethereum ETF trading, HSBC has launched the Virtual Asset Investor Education Centre. HSBC Holdings plc (LON: HSBA), the largest bank in Hong Kong, has made history by becoming the first bank in the region to offer crypto trading services to its customers. As revealed by Independent Chinese Journalist, Wu Blockchain, customers can now buy and sell Bitcoin (BTC) and Ethereum (ETH) Exchange-Traded Funds (ETFs) listed on the Hong Kong exchange. This move comes as a response to the growing demand for…

US Regulators Can Accommodate Spot Bitcoin ETF, Says Bernstein

As per Bernstein research, there is the “headroom for a compliant ETF to grow its share as a bitcoin on-ramp solving the pain of custody”. In its latest research report on Monday, June 26, private wealth management giant Bernstein stated that Grayscale‘s dominant position in the crypto market could be under threat following BlackRock‘s recent filing of the spot Bitcoin ETF with the US SEC earlier this month. Currently, Grayscale is the world’s largest crypto asset manager running a $19 billion BTC Trust (GBTC). Bernstein stated that Grayscale earns a…

ProShares Bitcoin Futures ETF (BITO) Sees Biggest Weekly Inflow in a Year

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ETF Provider Primed To Launch First Leveraged Bitcoin Futures Exchange-Traded Fund in the US

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An exchange-traded fund (ETF) provider in the United States is reportedly close to launching a first-of-its-kind Bitcoin (BTC) fund. Volatility Shares, an ETF provider based in Mt. Kisco, New York, will start offering the “2x Bitcoin Strategy ETF” (BITX) next Tuesday, June 27th, according to the company’s website. Volatility Shares says the product is the first US-based ETF to offer leveraged long exposure to the cryptocurrency futures market. Explains the company, “BITX will seek daily investment results, before fees and expenses, that correspond to two times the return of the…

SEC Approves First Leveraged Bitcoin Futures ETF

The BITX being a 2x leveraged ETF can help investors to increase their profit two times faster than they would do without the leverage. The first leveraged Bitcoin futures exchange-traded fund (ETF) has received approval from the US Securities and Exchange Commission (SEC). The ETF, the Volatility Shares 2x Bitcoin Strategy (BITX), will be launched on the Chicago Board Options Exchange (CBOE) BZX Exchange on Tuesday, June 27th. ETFs can be traded on exchanges like stocks, and their prices change often within the same day as they are bought and…

The race for a Bitcoin spot ETF, Wall Street’s new crypto exchange, and other news

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The bid for the first Bitcoin (BTC) spot exchange-traded fund (ETF) in the United States is gaining traction following BlackRock’s recent application, with both former applicants and new players seeking permission from the U.S. Securities and Exchange Commission (SEC) to list a crypto ETF. Although it’s unclear whether the SEC will finally allow a Bitcoin ETF, BlackRock’s initiative appears to have “breathed new life into the race” amid the ongoing crackdown on the crypto industry. Other headline news includes Wall Street titans backing a newly launched crypto exchange despite the…

Volatility Shares Trust aims for listing of leveraged Bitcoin futures ETF

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A company behind providing cryptocurrency-linked and other exchange-traded funds (ETFs) has filed with the United States Securities and Exchange Commission (SEC) for listing shares of a leveraged Bitcoin futures ETF. Volatility Shares Trust filed Form 8-A with the SEC on June 23, suggesting that the firm was preparing to launch an investment vehicle the regulator could consider a class of securities under its purview. The registration statement listed the Volatility Shares “2x Bitcoin Strategy ETF” under the ticker symbol BITX, which would offer leveraged exposure to Bitcoin (BTC) corresponding to…