Tag: ETFs

Fidelity seeks approval for 2 more crypto-metaverse ETFs

Fidelity Investments appeared undeterred by the U.S. Securities and Exchange Commission’s, or SEC’s, rejection of its Wise Origin Bitcoin Trust spot exchange-traded fund (ETF) on Thursday. Following the setback, the company filed two more prospectuses involving crypto-metaverse ETFs for regulatory approval. The proposals are for the Fidelity Crypto Industry and Digital Payments ETF and the Fidelity Metaverse ETF, respectively. In rejecting the Wise Origin Bitcoin ETF, the SEC cited the exchange listing the ETF, the Cboe BZX, for not having a proper “surveillance-sharing agreement with markets trading” to prevent fraud and…

SEC Delays Decision on Bitcoin-Related ETFs From Ark 21 Shares, Teucrium

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The U.S. Securities and Exchange Commission (SEC) has again delayed decisions on whether to approve or reject bitcoin-related exchange traded funds (ETFs) from Ark 21 Shares and Teucrium. The SEC said in a filing Tuesday it was postponing a decision on the ARK 21Shares Bitcoin ETF until April 3. In a separate filing, the regulator said it’s delaying its decision on the Teucrium Bitcoin Futures Fund to April 8. SEC Chairman Gary Gensler reiterated his support last fall for a narrow class of bitcoin ETFs investing in futures contracts rather…

Interest wanes in Bitcoin futures ETF’s as contracts fall below 5K

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After a stellar launch, interest has waned in the ProShares Bitcoin Strategy Exchange Traded Fund (BITO) which now has the lowest amount of CME contracts since Nov. 2021. The Bitcoin futures exchange traded fund (ETF) holds a total of 4,904 Chicago Mercantile Exchange (CME) futures contracts, according to the fund’s latest update from Jan. 11. A Bitcoin futures ETF allows investors to speculate on the future price of Bitcoin (BTC) without having to hold the asset themselves. BITO’s assets under management (AUM) figure has retraced to $1.16 billion from a…

Canada Marks Launch Of First Bitcoin, Ethereum ETFs With Monthly Payouts

ETFs have been trading in the United States, Canada, and some other countries for a while now. These ETFs have made strides so far with high volumes traded in throughout their existence in the market. However, none of these ETFs have offered mostly dividends to their investors. An asset management firm in Canada has now made history as the first to offer a monthly yield to those invested in its ETF. Edging Towards The Future Purpose Investment has first made headlines in February when it created the first North American…

SEC Extends Decision Timeline Of Four Bitcoin ETFs By 45 Days

Bitcoin EFT applications are piling up as the United States Securities and Exchange Commission (SEC) continues weighing its options. Wall street’s most powerful regulator has once again extended the timeline on making decisions as to whether or not it will approve Bitcoin Exchange-Traded Funds (ETF). The commission extended the deadlines on four applications by 45 days. The first decision on a proposed rule change that would allow the listing and trading of Bitcoin ETF has been put off till November. New Deadlines Set By SEC Global X Bitcoin Trust, Valkyrie…