Meta, Apple and Nvidia are top holding for the ETF. Source
BlackRock Starts Metaverse-Themed ETF Despite Waning Investor Interest
Tag: ETF
Grayscale Files ‘Final’ Briefs In ETF Lawsuit Against SEC
Summary: Gary Gensler’s SEC rejected Grayscale’s Bitcoin exchange-traded fund application citing fraud and market manipulation concerns. The digital asset manager sought regulatory permission to switch its BTC spot trust index to an ETF, changing the product’s structure and reducing a huge discount on the asset. CEO Michael Sonnenshein promised his company would the SEC for its “capricious and discriminatory decision”. Crypto’s largest digital asset manager Grayscale recently filed final briefs in its lawsuit against the U.S. Securities and Exchange Commission for rejecting its Bitcoin spot ETF application. The company which…
Osprey sues Grayscale for misrepresenting likelihood of GBTC ETF approval
Digital asset manager Osprey Funds filed suit against Grayscale Investments in Connecticut Superior Court on Jan. 30, alleging violation of the state’s Unfair Trade Practices Act. The suit concerns Grayscale advertising and promotion of the Bitcoin (BTC) exchange-traded fund (ETF) it is seeking to create. Osprey stated in the suit that it is the only competitor to Grayscale on the over-the-counter traded Bitcoin trust asset management market, and Grayscale maintained its leading position through deceit: “Only because of its false and misleading advertising and promotion has Grayscale been able to…
US SEC Rejects Cboe BZX’s Bid to List ARK 21Shares Bitcoin ETF for Second Time
SEC concluded that Cboe BZX has not established that it has a comprehensive surveillance-sharing agreement with a regulated market of significant size related to listing Ark 21Shares Bitcoin ETF. The United States Securities and Exchange Commission (SEC) has rejected a bid from Cboe Global Markets Inc to list a Bitcoin ETF jointly issued by Ark Investment Management and 21Shares for the second time. According to the SEC, Cboe Exchange has not yet demonstrated the required balance to protect investors from fraudulent activity including price manipulation. Since the FTX fallout, which…
SEC once again rejects ARK 21Shares Bitcoin ETF listing
The SEC has once again rejected a proposal to list the ARK 21 Shares Bitcoin ETF on equities exchange Cboe BZX, according to Jan. 26 statement from the SEC. The SEC rejected a similar proposal in April, 2022. The SEC has just now once again rejected ARK’s and 21Shares spot bitcoin, $BTC ETF listing. — unusual_whales (@unusual_whales) January 26, 2023 The proposed ETF would have been managed jointly by Cathie Wood’s Ark Investment Management and 21Shares if it had been approved. The purpose of the proposed fund was to allow…
SEC Rejects Ark 21Shares Spot Bitcoin ETF for Second Time
The U.S. markets regular has rejected a score of ETF applications to invest directly in bitcoin, and has approved a number of funds tracking the cryptocurrency’s futures market. Original
Date Set for Oral Arguments in Grayscale’s Appeal of SEC’s Bitcoin ETF Decision
The District of Columbia Court of Appeals has set a date to begin hearing oral arguments in Grayscale Investment’s appeal of the Securities and Exchange Commission’s (SEC) decision to deny the conversion of its Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund (ETF), according to a court order filed Monday, as reported by CNBC. Original
Jim Cramer Thanks SEC Chairman for Standing up to ‘Crypto Bullies’ Seeking Spot Bitcoin ETF Approval – Regulation Bitcoin News
The host of Mad Money, Jim Cramer, has thanked Securities and Exchange Commission (SEC) Chairman Gary Gensler for standing up to the “crypto bullies” who want the regulator to approve a spot bitcoin exchange-traded fund (ETF). Cramer has repeatedly warned about the SEC cracking down on uncompliant crypto firms, urging investors to get out of the asset class now. Jim Cramer Praises SEC Chairman Gary Gensler The host of CNBC’s Mad Money show, Jim Cramer, has thanked the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, for…
Samsung’s Asset Management Arm Launches Bitcoin Futures ETF in Hong Kong – Finance Bitcoin News
Samsung’s asset management arm has launched a bitcoin futures exchange-traded fund (ETF). The new actively managed ETF is listed and traded on the Hong Kong stock exchange. It seeks “to provide economic exposure to the value of bitcoin,” Samsung detailed. Samsung’s Bitcoin Futures ETF Samsung Asset Management (Hong Kong) Ltd., a wholly owned subsidiary of Samsung Asset Management, a member of the Samsung Group of companies, launched a bitcoin futures exchange-traded fund (ETF) on Friday called “Samsung Bitcoin Futures Active ETF.” The new ETF is a sub-fund of Samsung ETFs…
Grayscale files brief in ETF suit against SEC, oral arguments may come within months
Grayscale filed a reply brief in its appeal of the United States Securities and Exchange Commission (SEC) denial of its application to convert its $12-billion Grayscale Bitcoin Trust (GBTC) into a spot-based Bitcoin (BTC) exchange-traded fund (ETF). The brief, filed in the District of Columbia Circuit Court, addressed points made in the SEC reply brief filed in December and restated its own arguments. The SEC based its decision on findings that Grayscale’s proposal did not sufficiently protect against fraud and manipulation. The agency had made similar findings in a number…