Tag: ETFs

Yuga Labs fetches $450M in funding, Charles Hoskinson’s prediction falls short and spot BTC ETFs incoming?: Hodler’s Digest, Mar.20-26

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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week NFT creator Yuga Labs raises $450M, bringing company valuation to $4B The creators of the wildly popular Bored Ape Yacht Club NFTs, Yuga Labs, raised $450 million in seed funding at a $4 billion valuation. Unsurprisingly, top venture capital firm and cash cow Andreessen Horowitz…

ProShares ETF’s Bitcoin stash hits $1.27B as BTC eyes $50K by mid-April

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Strong inflows into the ProShares Bitcoin Strategy ETF (BITO) in the past two weeks pushed its Bitcoin (BTC) exposure to a new record high. No Bitcoin outflows despite ‘rollover’ risks The fund, which uses futures contracts to gain exposure to Bitcoin’s price movements, had a record 28,450 BTC under its management — worth about $1.27 billion at today’s price — as of March 24, compared to nearly 26,000 BTC a month before, according to official data from ProShares. ProShares Bitcoin ETF holdings as of March 24, 2022. Source: Official Website Interestingly, the…

SEC could approve spot Bitcoin ETFs as early as 2023 — Bloomberg analysts

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Eric Balchunas and James Seyffart, exchange-traded fund analysts for Bloomberg, said that a proposed rule change with the United States Securities and Exchange Commission could be the catalyst for the regulatory body approving a spot Bitcoin ETF in mid-2023. In a Thursday tweet, Balchunas said crypto platforms could fall under the SEC’s regulatory framework if the commission were to approve an amendment to change the definition of “exchange” proposed in January. The rule change would amend the Exchange Act to include platforms “that make available for trading any type of…

SEC pushes decisions on WisdomTree’s and One River’s applications for spot Bitcoin ETFs

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The United States Securities and Exchange Commission has extended its window to approve or disapprove spot Bitcoin (BTC) exchange-traded fund (ETF) applications from asset managers WisdomTree and One River. According to separate Friday filings, the SEC will push the deadline for approving or disapproving a rule change allowing shares of the WisdomTree Bitcoin Trust and One River Carbon Neutral Bitcoin Trust to be listed on the Cboe BZX Exchange and New York Stock Exchange Arca, respectively. The regulator said it would extend its window for the decision on WisdomTree’s Bitcoin investment vehicle…

Pros and Cons of Bitcoin – Is Bitcoin a good investment in 2021?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #Bitcoin #BTC #Cryptocurrency Hi, this is the second video of my little mini-series about Bitcoin. It was interesting but challenging to get into the topic as there are so many opinions, but few “fundamentals”. Thus, I decided just to post 2 videos about this topic, so I will share my point of view on Bitcoin in this video. After that, we will go back to my “home turf” of stock/company analyzes. See you in the comments. 🙂 *********************** Timeline: 00:00 Intro 02:17…

U.S. Securities and Exchange Commission Rejects Two Bitcoin Spot Exchange-Traded Funds (ETFs)

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The U.S. Securities and Exchange Commission (SEC) is denying applications to establish two Bitcoin (BTC) exchange-traded funds (ETFs) based on the spot market. According to documents from the SEC, the regulator is rejecting NYSE Arca’s bid to change a rule to list and trade shares of the NYDIG Bitcoin ETF. The decision comes months after the SEC designated an extended period to approve or disapprove the proposed rule change. In a separate filing, the regulator also denies Cboe BZX Exchange’s proposal to change a rule so they could do the same…

Valkyrie Investments‘ Leah Wald on Bitcoin ETFs and the future of digital assets

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Cointelegraph sat down with Leah Wald, CEO of digital asset investment firm Valkyrie Investments, to learn more about the importance of a Bitcoin (BTC) exchange-traded fund (ETF) and the future of digital assets.  For context, Valkyrie Investments was launched in 2021 and is one of the only asset managers to have three Bitcoin-adjacent ETFs trading on the Nasdaq. Valkyrie launched a Bitcoin Strategy ETF in October 2021 that offered indirect exposure to BTC with cash-settled futures contracts following a United States Securities and Exchange (SEC) approval for a similar ETF from…

SEC chair hints at no spot Bitcoin ETFs yet, but cites ‘careful consideration’ for future

Gary Gensler, chair of the U.S. Securities and Exchange Commission, has responded to a letter from lawmakers calling the regulator denying approval of Bitcoin spot exchange-traded funds “unacceptable.” In a Tuesday letter from Gensler addressed to Minnesota Representative Tom Emmer, the SEC chair hinted that the regulatory body was no closer to approving a Bitcoin (BTC) spot ETF in the United States capable of preventing “fraudulent and manipulative acts and practices” by the standards of the Exchange Act. Gensler reiterated his stance of being technology-neutral, but that he would give…