Tag: ETFs

Cathie Wood predicts SEC simultaneously allows multiple spot crypto ETFs: Report

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ARK Investment Management founder and CEO Cathie Wood has reportedly suggested that the United States Securities and Exchange Commission (SEC) will approve multiple spot Bitcoin exchange-traded funds, or ETFs, at the same time. In an Aug. 7 interview with Bloomberg, Wood predicted the SEC would approve “more than one [ETF] at once” if it moves forward with any application currently under consideration. ARK Investment Management sent in one of the most recent spot Bitcoin (BTC) ETF applications in June after amending the submission to include a surveillance-sharing agreement. Today on…

Direxion files for Bitcoin and Ether ETFs

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The daily leveraged and inverse exchange-traded fund (ETF) issuer, Direxion, has filed for Bitcoin (BTC) and Ether (ETH) futures products with the US SEC. The company follows some other prominent industry players that have filed to launch futures ETFs in recent months, including BlackRock and Valkyrie. Citing its search for capital appreciation, the filing reveals Direxion wants to achieve its investment goal through crypto futures contracts traded on the Chicago Mercantile Exchange (CME). As stated earlier,…

MicroStrategy to stay on Bitcoin course even if spot ETFs approved: Saylor

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MicroStrategy co-founder Michael Saylor believes his firm will remain an enticing way for investors to gain exposure to Bitcoin (BTC) regardless of any future exchange-traded fund approvals. He has also confirmed his firm’s intention to continue adding more Bitcoin to its balance sheet, including with the potential proceeds of a planned $750 million share sale. Speaking to Bloomberg on Aug. 2 on how an approved spot Bitcoin ETF could impact his firm’s offering, Michael Saylor was confident MicroStrategy would still be able to offer something spot Bitcoin ETFs can Consider…

Ethereum ETFs Heat Up As Filings With SEC Climbs To Six

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The latest sign of crypto going mainstream among traditional investors is the race heating up to launch the first exchange-traded fund (ETF) tied to Ethereum futures. In recent weeks, six companies have filed proposals with the Securities and Exchange Commission (SEC) to launch Ethereum futures ETFs.  The Race To Launch An Ethereum Futures ETF Cryptocurrency ETFs track the price of the digital currencies they are tied to and they are not a new thing in the crypto industry. Bitcoin futures have gained popularity in recent years and are already being…

Grayscale calls for SEC to approve all Bitcoin ETFs simultaneously

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Crypto fund manager Grayscale urges SEC to approve all proposed spot Bitcoin ETFs simultaneously, emphasizing fairness and impartiality in the regulation process. Chief Legal Officer at Grayscale, Craig Salm, shared a blog post on July 27. He emphasized that the SEC, a disclosure-based regulator, should refrain from picking winners and losers among ETF applicants. The Grayscale Bitcoin Trust (GBTC), which manages assets worth over $18 billion, offers investors exposure to the pioneer cryptocurrency. The firm has been contesting…

Grayscale urges SEC to approve all Bitcoin ETFs simultaneously

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Crypto fund manager Grayscale is urging the Securities and Exchange Commission (SEC) to approve all proposed spot Bitcoin (BTC) exchange-traded funds (ETFs) at the same time to avoid one having an advantage. A July 27 post by Grayscale chief legal officer Craig Salm said its legal team submitted a letter regarding eight spot Bitcoin ETF filings — including its own — arguing the SEC shouldn’t pick “winners and losers” and instead make a fair and orderly decision. The letter claimed the SEC could approve the spot ETFs based on its…

Ripple ruling and crypto ETFs ‘drove a lot of urgency’ among lawmakers, reportedly says Coinbase CEO

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Coinbase CEO Brian Armstrong has reportedly said United States lawmakers have a renewed focus on regulatory clarity in the crypto space following talks with key officials. According to a July 24 Axios report, Armstrong met with U.S. lawmakers on July 20 ahead of discussions and votes on pieces of legislation aimed at providing regulatory clarity on digital assets. The Coinbase CEO reportedly said the Securities and Exchange Commission’s lawsuit against Ripple — in which a court said XRP (XRP) largely did not qualify as a security — “drove a lot of…

Bitcoin (BTC) Spot ETFs Could Bring $30B in New Demand: NYDIG

“The brand recognition of BlackRock and the iShares franchise, familiarity with purchase and sale methods through securities brokers, and simplicity of position reporting, risk measurement, and tax reporting, a spot ETF could bring some noted benefits compared to existing alternatives,” NYDIG writes in its report. Source