Tag: ETF

Valkyrie Applies to List Bitcoin Miners ETF on Nasdaq

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Crypto asset manager Valkyrie has applied to the U.S. Securities and Exchange Commission (SEC) to list its exchange-traded fund (ETF) offering exposure to stocks in bitcoin mining companies on Nasdaq. The Valkyrie Bitcoin Miners ETF will invest at least 80% of its net assets in securities of firms that derive a minimum of 50% of their profit from bitcoin mining, according to a filing with the SEC Wednesday. Following the SEC’s reluctance to approve a spot bitcoin ETF, asset managers and investment firms have turned to products offering exposure to…

Net Inflows Into Largest Gold ETF Surge Amidst Falling Stocks and Crypto Prices – Featured Bitcoin News

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Net inflows into SPDR Gold Shares surged to a new record of $1.63 billion, the highest since its listing in 2004. The surge of net inflows into one of the largest gold exchange-traded funds (ETFs) comes against a backdrop of falling cryptocurrency and stock values. Investors More Bullish on Gold One of the world’s largest gold ETFs, SPDR Gold Shares, recently recorded a net inflow of $1.63 billion, the highest since its listing in 2004, a report has said. Friday’s record inflow, which comes as stock and crypto prices have…

What Spot ETF? Asset Manager BlackRock Files Blockchain Tech ETF

The world’s largest asset manager BlackRock has now filed for a new ETF. The crypto space has been characterized by ETF filings ever since the first Bitcoin Futures ETF made its debut on the trading markets. Since then, there have been more futures ETF filings surrounding bitcoin and ethereum, as well as spot ETF filings which are yet to be approved despite being an investor favorite. Now, BlackRock has broken out of the mold by filing a completely different kind of ETF. Instead of clamoring with the rest of the…

World’s Largest Asset Manager Blackrock Files for Blockchain Tech ETF – Blockchain Bitcoin News

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The New York-based multinational investment management corporation Blackrock has filed an application with the Securities and Exchange Commission (SEC) for a blockchain tech exchange-traded fund (ETF). The Ishares blockchain tech ETF aims to track the Intercontinental Exchange (ICE) index called the Factset Global Blockchain Technologies Index. Blackrock Files to Launch a Blockchain ETF The investment firm with $10 trillion in assets under management (AUM) as of January 2022, Blackrock, hopes to launch an exchange-traded fund (ETF) called the Ishares blockchain tech ETF. That’s according to a SEC filing submitted by…

SEC rejects Skybridge’s application for spot Bitcoin ETF

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The United States Securities and Exchange Commission, or SEC, has officially disapproved the application for First Trust SkyBridge’s spot Bitcoin exchange-traded fund after several deferments. In a Thursday filing, the SEC rejected a proposed rule change from the New York Stock Exchange, or NYSE, Arca to list and trade shares of the First Trust SkyBridge Bitcoin ETF Trust. The SEC said any rule change in favor of approving the ETF would not be “‘designed to prevent fraudulent and manipulative acts and practices” nor “protect investors and the public interest.” The…

SEC Rejects First Trust Skybridge's Spot Bitcoin ETF Proposal

The U.S. Securities and Exchange Commission (SEC) has rejected the proposal to list a spot bitcoin exchange-traded fund (ETF) by investment advisory firm First Trust and hedge fund Skybridge Capital. The SEC’s decision comes around four weeks after it rejected investment firm Kryptoin’s proposal to list a spot bitcoin ETF. The Commission had previously rejected spot bitcoin ETF proposals from VanEck and WisdomTree. Following First Trust and Skybridge’s initial application to list an ETF on the New York Stock Exchange in March last year, the SEC extended the deadline of…

Brazilian Asset Manager Hashdex to Launch DeFi ETF Including UNI, AAVE and COMP

This article is adapted from CoinDesk Brasil, a brand-new partnership between CoinDesk and InfoMoney, one of Brazil’s leading financial news publications. Follow CoinDesk Brasil on Twitter. Brazil-based asset manager Hashdex will launch an exchange-traded fund (ETF) following 12 DeFi tokens. The product will be listed on the Brazilian stock exchange B3 as of February, the company said, adding that reserve orders to purchase shares will be available beginning Tuesday. Developed in partnership with global crypto index provider CF Benchmarks, DEFI11 will mirror the CF DeFi Modified Composite Index, an index…

Cathie Wood’s ARK ETF reportedly buys 6.93M shares of SPAC merging with Circle

Cathie Wood’s Ark Invest has reportedly purchased 6.93 million shares of the special purchase acquisition company, or SPAC, that is merging with Circle, for $70.6 million through the company’s ARK Fintech Innovation exchange-traded fund (ETF). This purchase would represent a new position for the ETF, according to MarketWatch.  Ark Invest’s ETFs have a history of bold purchases within the tech industry as indicated by their move to buy $80 million in Robinhood shares after the prices dipped back in October 2021. Wood is also bullish on crypto despite passing on…

Indian INX exchange reportedly plans to list Bitcoin futures ETF

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Despite the ongoing uncertainty about cryptocurrency regulation in India, local financial firms are backing new ventures aiming to launch Bitcoin (BTC) exchange-traded funds (ETF). Torus Kling Blockchain, a joint venture between Cosmea Financial Holding, a financial firm backed by former Reliance Capital CEO Sam Ghosh, and Kling Trading India, is preparing to launch Bitcoin and Ether (ETH) futures ETFs in India, The Economic Times reported Thursday. The company has signed a memorandum of understanding with India’s major stock exchange, the India International Exchange (INX), to launch crypto ETFs alongside investment…

Bitcoin ETF Launch Hype Fades as Funds Slip in Value, BTC Futures Open Interest Down 38% in 2 Months – Finance Bitcoin News

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Following the charged-up debut of the Proshares bitcoin exchange-traded fund (ETF), Valkyrie’s bitcoin futures ETF and the Vaneck bitcoin strategy ETF, interest in these types of funds seems to have faded a great deal. After the Proshares bitcoin ETF BITO reached an all-time high on November 10, the ETF is down 39% over the last 64 days. Valkyrie’s bitcoin ETF has also shed 37% in value over the last two months. Bitcoin Futures ETF Lull Continues A large portion of the cryptocurrency community was very hyped up for years about…