Tag: ETFs

Valkyrie joins rush with BTC spot ETF application to go with its futures, miners ETFs

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Cryptocurrency fund manager Valkyrie is applying for a Bitcoin spot exchange-traded fund (ETF), joining several other financial firms that have filed similar applications with the United States Securities and Exchange Commission (SEC) in the last week. Valkyrie filed an S-1 registration form for a Bitcoin spot ETF with the SEC on June 21. In it, the firm indicated that it would seek to list its fund on the Nasdaq under the symbol BRRR.  Valkyrie is an old hand at Bitcoin (BTC) futures ETFs. It launched the second BTC futures ETF in the U.S.,…

SEC requests pause on ETH futures ETFs

Grayscale Investments and Bitwise Asset Management have reportedly suspended their plans for ETH futures ETFs following apparent concerns raised by the U.S. Securities and Exchange Commission (SEC) over the liquidity of ETH futures, and their classification as a security or a commodity. Crypto asset managers Grayscale Investments and Bitwise Asset Management have reportedly put a pause on their plans to launch ETH futures exchange-traded funds (ETFs), allegedly at the behest of the U.S. Securities and Exchange Commission (SEC), according to sources familiar with the matter. The concerns cited surround the…

Despite regulatory clarity, Hong Kong crypto ETFs experience lukewarm demand

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According to a report published by the Hong Kong Stock Exchange (HKSE), two Bitcoin (BTC) exchange-traded funds (ETF) and an Ethereum (ETH) ETF listed on HKSE averaged 9.30 million Hong Kong dollars ($1.19 million) in daily trading volume from Dec. 16, 2022, to Feb. 7, 2023. As the first region in Asia to provide such access to crypto ETF products, Hong Kong exchange operators praised regulator clarity for its role in “seizing opportunities in virtual asset development.” However, the numbers appear somewhat lukewarm when viewed in a global context. On Apr.…

Institutions ‘extremely interested’ in crypto ETFs, but buying has cooled: Survey

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Institutional interest in cryptocurrencies hasn’t budged despite the market being down 60% from the all-time highs (ATH), as a majority of asset managers stated they’re “extremely interested” in crypto themed-Exchange Traded Funds (ETFs). On April 3, financial services firm Brown Brothers Harriman (BBH) released its 2023 Global ETF Investor Survey which polled 325 institutional investors, financial advisors, and fund managers from the United States, United Kingdom, Europe and China. It found nearly three-quarters of institutional investors claimed they’re “extremely” or “very” interested in crypto ETFs, but the effects of crypto…

FTX fiasco set back the approval of Bitcoin spot ETFs: Valkyrie investment chief

In episode 11 of Hashing It Out, Cointelegraph’s Elisha Owusu Akyaw speaks to Steven McClurg, the chief investment officer of Valkyrie Investments, about the state of Bitcoin (BTC) exchange-traded funds (ETFs) and the way forward. Regulators in the United States have mounted stiff opposition against listing Bitcoin spot ETFs even though Canadian and European regulators have given the green light. McClurg points out that even for the Canadian and European markets, these approvals also took a long time. According to McClurg, the two biggest issues U.S. regulators have with Bitcoin…

Investors might have avoided FTX if the SEC had addressed Bitcoin ETFs, says BitGo CEO

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The collapse of crypto exchange FTX and other bearish events in the space were at the center of discussions among lawmakers and witnesses at the inaugural hearing of the United States House Committee on Financial Services’ Subcommittee on Digital Assets, Financial Technology and Inclusion. Addressing lawmakers at the March 9 hearing, BitGo co-founder and CEO Mike Belshe criticized the U.S. Securities and Exchange Commission, or SEC, for enforcement actions against crypto firms “trying to do it right” — i.e. communicating with regulators and pursuing a path to operate in the…

VanEck Suspends Russia ETFs Due to Prolonged Inactivity after Russia’s Invasion of Ukraine

Investment firm VanEck recently suspended two Russia ETFs as Western sanctions bite hard on profitability. New York-based asset manager VanEck is liquidating its Russia exchange-traded funds (ETFs) following a lack of Western investment interest. According to VanEck, since the Russian-Ukraine strife began, US investment in Russia has effectively dried up. The Russian market has taken a hit since the country invaded neighboring Ukraine, with Moscow’s stock market closing temporarily. Furthermore, the ongoing Western sanctions against Russia essentially prohibit its major stocks, including Gazprom, from trading in the West. This unsavory…

Two crypto-related ETFs were the worst-performing in Australia for 2022

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Cryptocurrency-related exchange-traded funds (ETFs) have taken the two top spots for the worst-performing ETFs in Australia for the year, with the same story playing out in the United States. BetaShares Crypto Innovators ETF (CRYP) and Cosmos Global Digital Miners Access ETF (DIGA) have provided investors Down Under with respective negative returns of nearly 82% and 72% year to date (YTD) throughDec. 30. BetaShares launched its ETF on the Australian Securities Exchange (ASX) in October 2021, mere weeks before most cryptocurrencies hit all-time highs that they’re yet to regain. CRYP was…

Crypto Futures ETFs Raise More Than $73 Million Ahead of Hong Kong Launch – Bitcoin News

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Hong Kong’s first crypto-based exchange-traded funds (ETFs) have attracted over $73 million ahead of their debut on the region’s stock exchange. The launch of the two ETFs tracking cryptocurrency futures listed in the United States comes despite the industry’s current troubles. Hong Kong Debuts Bitcoin and Ether Futures ETFs Amid Crypto Winter Two ETFs tracking crypto futures raised a total of $73.6 million ahead of their debut on the stock exchange in Hong Kong on Friday, with the larger one raising $53.9 million, according to Reuters. The news agency noted…