Tag: ETFs

South Korea’s Financial Regulator Says US Bitcoin ETFs Defy Local Law

Authorities in South Korea have warned local financial institutions from offering spot crypto ETFs following SEC approval in the US. South Korea’s financial regulator, the Financial Services Commission (FSC), has said that the spot Bitcoin ETFs recently approved in the US may contravene the country’s law. In an official statement published on Friday, the regulator sounded a note of warning without providing extensive details: “Domestic securities firms brokering overseas-listed Bitcoin spot ETFs may violate the existing government stance on virtual assets and the Capital Markets Act.” Last month, FSC Chief Kim So-young…

Korea’s FSC bars local brokers from offering spot Bitcoin ETFs overseas

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South Korea’s financial regulator has declared that domestic securities firms are barred from offering spot Bitcoin exchange-traded funds (ETFs) in international markets. South Korea‘s Financial Services Commission (FSC) said in a press release on Jan. 12 that domestic securities firms cannot offer spot Bitcoin ETFs overseas, as it may violate the existing government stance on virtual assets. Despite the ban, the FSC acknowledged the possibility of reviewing its stance on crypto regulation, without providing specific details. As per Korean news outlets, the local securities forms, including Mirae Asset Securities and…

Robinhood Lists All 11 New Spot Bitcoin ETFs

US-based customers may now access all 11 spot Bitcoin ETFs in both retirement and brokerage accounts through Robinhood Financial. Robinhood has stayed true to its word by listing all new spot Bitcoin exchange-traded funds (ETFs) on its platform. The US Securities and Exchange Commission (SEC) approved spot Bitcoin ETFs on Wednesday, including funds from BlackRock, Grayscale, Fidelity, Invesco, Valkyrie, Bitwise, Hashdex, BZX, VanEck, WisdomTree, and Franklin Templeton. Shortly after the landmark decision by the SEC to approve those spot Bitcoin ETFs, Robinhood CEO Vlad Tenev revealed the company’s next line…

Robinhood opens all 11 spot Bitcoin ETFs for trading

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Online broker Robinhood has added all 11 spot Bitcoin (BTC) ETFs approved by U.S. Securities and Exchange Commission (SEC). According to the company, all approved exchange-traded funds are now available for trading on the platform. As another benefit, the platform offers a 1% bonus when users transfer their brokerage account into Robinhood. Before this, the company’s CEO, Vlad Tenev, noted that Robinhood would list all 11 spot Bitcoin ETFs “as soon as possible.” This solution facilitates the integration of crypto assets into TradFi. Also, according to Tenev, spot Bitcoin ETFs…

South Korean Financial Regulator Says U.S. Bitcoin ETFs May Violate Local Law

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Gary Gensler’s Long, Embarrassing Battle Against Bitcoin ETFs

Moreover, Gensler doesn’t sound particularly “merit neutral” (which is how the SEC describes its role in regulating markets) when drawing a comparison between bitcoin and gold, saying one is a commodity with industrial and consumer use and the other is primarily used for ransomware, money laundering, sanctions-evasion and terrorist financing, when not for pure speculation. Source CryptoX Portal

UBS Will Let Some Customers Trade Bitcoin ETFs, Contrary to Rumors: Source

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Vanguard, other tradfi giants boycott spot Bitcoin ETFs

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Financial institutions like Vanguard have no plans to allow spot Bitcoin ETF trading despite approval from the U.S. SEC.  While trading for spot Bitcoin ETFs opened on Jan. 11 across major U.S. exchanges like the Nasdaq and platforms such as Robinhood plan to swiftly add support for these products, some firms have reportedly blocked users from trading them.  Vanguard, the second-largest asset manager after BlackRock, reportedly said spot Bitcoin ETFs do not align with the company’s investment philosophy. In addition to not enabling trading for the newly approved products, Vanguard disabled…