Tag: ETFs

CSOP’s Bitcoin and Ether ETFs Begin Trading on Hong Kong Stock Exchange (HKEX)

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CSOP Asset Management’s Bitcoin and Ether ETFs has started trading on on the HKEX. For the first time ever, the Hong Kong Stock Exchange has listed Bitcoin and Ether futures exchange-traded funds (ETFs) issued by CSOP Asset Management. They are the CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF. According to a Thursday announcement by the ETF issuer, the ETFs will track Bitcoin and Ether futures already listed on the Chicago Mercantile Exchange (CME), albeit respectively. Bitcoin and Ether ETFs Meanwhile, the global head of equity and FX products…

Bitcoin ETFs, strict licensing and a digital dollar

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In October, Toronto-based Coinsquare became the first crypto trading business to get dealer registration from the Investment Industry Regulatory Organization of Canada (IIROC). That means a lot as now Coinsquare investors’ funds enjoy the security of the Canadian Investment Protection Fund in the event of insolvency, while the exchange is required to report its financial standing regularly.  This news reminds us about the peculiarities of Canadian regulation of crypto. While the country still holds a rather tight process of licensing the virtual asset providers, it outpaces the neighboring United States…

Here’s how bitcoin futures ETFs performed in a dramatic week for crypto

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ETFs closely tied to the price of bitcoin served investors reasonably well as crypto proxies during a volatile week, even as losses for long-term holders continue to build. The ProShares Bitcoin Strategy ETF (BITO) and Short Bitcoin Strategy ETF (BITI) both saw their largest daily trading volumes on record last week. Smaller funds from Valkyrie and VanEck also saw spikes in volume. All four funds saw slightly larger moves than the roughly 21% decline in spot bitcoin over the course of the week. “It is the proof point of getting…

Three crypto ETFs to be delisted in Australia as crypto winter continues

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The companies behind the Cosmos Purpose Ethereum Access ETF, Cosmos Purpose Bitcoin Access ETF, and Cosmos Global Digital Miners Access ETF filed a request to revoke their quotations on Cboe Australia, according to letters disclosed on Nov. 2.  The decision to revoke the quotes reflects the crypto winter’s impact on demand for crypto assets, not the management teams’ belief in the space’s future, according to reports. Each of the three funds has a net asset value under $1 million. On Oct. 31, Cosmos had requested that trading of its Bitcoin and…

Hong Kong financial regulator issues guidelines for crypto futures ETFs

The Securities and Futures Commission of Hong Kong has set up requirements for entities considering a public offering of an exchange-traded fund (ETF) tied to cryptocurrency futures. In an Oct. 31 circular, the SFC said that in addition to previously imposed requirements on unit trusts and mutual funds for authorization of a crypto futures ETF, management companies in Hong Kong would need to “have a good track record of regulatory compliance” as well as three years of experience managing ETFs, with consideration for similar investment vehicles. The financial regulator hinted it…

Someone’s filed for Cramer ETFs with the SEC

Connecticut-based advisory firm Tuttle Capital Management has submitted a preliminary prospectus filing with the United States Securities and Exchange Commission (SEC) for two new exchange-traded funds (ETFs) centered around betting against the investment tips from Jim Cramer. Cramer is the host of CNBC’s Mad Money and has become a popular meme in the crypto and stock community, who believe he has an uncanny knack for giving investment tips that end up being way off the mark. In relation to crypto, one of Cramer’s most notable tips was to buy Coinbase…

Bitcoin Investment ETFs And Trusts Have Slowed Since May

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Many investors are uneasy since Bitcoin value has fallen by around 70% since its peak in November 2021. In the meantime, market sentiment is at an all-time low due to analysts’ expectations of a major recession. This is especially clear from the decline in the equity markets as measured by the S&P 500 and Nasdaq 100 indices, which has a big impact on how people invest in BTC on regulated markets. Bitcoin Investment Vehicles Have Taken A Beating When taking a look at the Grayscale Bitcoin Trust, the share price…