Tag: ETFs

Spot Bitcoin ETFs Approved: The Crypto Industry Reacts

“If the SEC is anti-crypto, they have shot themselves in the head. If they had just quietly approved the Grayscale ETF application all those many years ago, there would be a few crypto ETFs out there without much fanfare. By delaying as long as they have, they are creating a lot more free publicity for crypto. Also, they appear to be consciously setting it up so that multiple ETFs will start trading at the same time. Whatever the reason, they are invoking the marketing might of the biggest behemoths on…

Why Are Bitcoin (BTC) ETFs Such a Big Deal? Gold Provides a $100 Billion Answer

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Given that bitcoin ETFs directly hold the underlying asset, there could also be organic demand for bitcoin itself, said El Isa. “This could potentially drive up its value as more investors, including institutional allocators like BlackRock and Fidelity, seek to hold the asset within the ETF. This, in turn, could have a cascading effect, further solidifying bitcoin’s position in the global financial landscape.” Original

SEC approves rule changes that pave the way for bitcoin ETFs

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The U.S. Securities and Exchange Commission on Wednesday approved rule changes to allow the creation of bitcoin exchange-traded funds in the U.S., a long-awaited move that will give regular investors access to the controversial and volatile cryptocurrency. The decision will likely lead to the conversion of the Grayscale Bitcoin Trust, which holds about $29 billion of the cryptocurrency, into an ETF, as well as the launch of competing funds from mainstream issuers such as BlackRock’s iShares and Fidelity. The first funds are poised to begin trading Thursday. The approval may…

SEC Approves All 11 Spot Bitcoin ETFs, BTC Price Holds Steady At $46,000

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In a groundbreaking development for the cryptocurrency and Bitcoin market, the United States Securities and Exchange Commission (SEC) has approved all 11 spot Bitcoin ETFs submitted by the world’s largest asset managers.  Bitcoin ETFs Align With Exchange Act Standards In its official filing, the SEC stated that each proposal sought to list and trade shares of a trust that would hold spot Bitcoin, either wholly or partially.  Importantly, the commission found that the proposals were consistent with the provisions of the Exchange Act and the applicable rules and regulations governing…

Bitcoin ETFs Win SEC Approval, Bringing Easier Access to Biggest Cryptocurrency

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About a dozen companies, including BlackRock, Fidelity and Grayscale, sought to create bitcoin (BTC) ETFs. In recent days they’ve announced – and, in some cases, slashed – the fees they plan to charge investors, suggesting a fierce battle to collect investors’ money is ahead. These are spot ETFs, meaning they hold bitcoin itself, versus the already-approved bitcoin futures ETFs, which hold derivatives contracts tied to BTC. Original

SEC Posts Order Approving Bitcoin ETFs, And Then It Disappears From Website

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CBOE announces the listing of several Bitcoin ETFs pending SEC approval

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The Chicago Board Options Exchange has extended its approval for listing several spot Bitcoin ETFs, pending the final nod from the SEC. This announcement was disclosed in a letter to the SEC, indicating the potential listing of Bitcoin ETFs from prominent investment firms, including VanEck, Fidelity, Franklin Templeton, ARK Invest, and Invesco Galaxy. Leaked official email from Cboe This decision highlights the advanced stage of ETF proceedings. The Chicago Board Options Exchange’s (CBOE) proactive stance is geared towards accelerating the registration of these securities under Rule 12d1-2 of the Securities…

Spotlight on DePIN and RWA Beyond Bitcoin ETFs

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The big winners from 2023 include liquid staking derivative tokens on layer 2 protocols (eg, ALCX, ASX, PENDLE) followed closely by DeFi 2.0 protocols (eg, DYDX, FXS, INST), the only included narratives that outperformed simply holding Bitcoin. However, Money Market protocols (eg, AAVE, COMP, QI) and Decentralized Physical Infrastructure Networks (“DePIN,” eg, FIL, RNDR, DIMO) followed closely behind. Original

Nearly 10 hedge funds are set to launch spot crypto ETFs in Hong Kong, HashKey says

With Hong Kong on the verge of approving spot crypto ETFs, almost a dozen hedge funds are queuing up to submit applications for the new financial product. In an interview with Chinese news outlet Caixin, HashKey Group COO Livio Weng revealed that approximately a dozen hedge funds are preparing to submit applications for the launch of spot crypto exchange-traded funds (ETFs) in Hong Kong as the city is poised to become the first market in Asia allowing the listing of these financial products. While the timeline for Hong Kong regulators…