Tag: Futures

VanEck to liquidate Bitcoin futures ETF

boss

In a significant move impacting cryptocurrency investment vehicles, VanEck announced on Wednesday its decision to liquidate the VanEck Bitcoin Strategy ETF. The decision announced in a Jan. 16 press release, was influenced by a comprehensive analysis of the fund’s performance, liquidity, assets under management, and investor interest, marks a notable shift in the ETF landscape. According to VanEck, shareholders holding positions in the VanEck Bitcoin Strategy ETF (XBTF) have until the market close on Jan. 30 to sell shares. The ETF, which has recently experienced a 1.4% decline, will be…

ARK Reshuffles Nearly $15.9M From ProShares Futures ETF to Its Own Spot ETF

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Vanguard ceases support for Bitcoin futures ETF purchase

boss

Vanguard, one of the world’s largest asset managers, continues to maintain its anti-Bitcoin sentiment, with the company recently stating that it would stop the purchase of Bitcoin futures exchange-traded funds (ETFs) on its platform. A Vanguard spokesperson confirmed to Axios that it will stop the purchase of all crypto-related products. The move will allow the asset manager to offer investors a “core set of products and services” in line with its policy and objectives.  As previously reported by crypto.news, Vanguard announced that the trading of spot Bitcoin ETFs – which…

Bitcoin futures and implied volatility soars as the SEC’s ETF deadline closes

boss

According to analysis from GreeksLive, there is a strong market sentiment expecting the ETF to pass, reflected in Bitcoin’s price surge to short-term highs of $45,000. GreeksLive, a leading trading analytics platform,  highlights the increasing implied volatility (IV) in the options market, a key indicator of market expectations and uncertainty. The at-the-money (ATM) option IV, expiring on Jan. 12, has reached a staggering 110%, while the IV for the 11th has surpassed 120%. This significant rise in IV, nearly 20% following recent deliveries, underscores the market’s heightened anticipation. The results…

Crypto Futures Razed To Ground As $659 Million Rekt With Bitcoin Crash

boss

Data shows the cryptocurrency futures sector has gone through a mass liquidation event in the past 24 hours as Bitcoin has witnessed a sharp crash. Crypto Futures Liquidations Have Added Up To $659 Million In Past Day The cryptocurrency market has seen sharp price action during the past 24 hours. As is usually the case during such volatility, chaos has occurred on the futures side of the sector. According to data from CoinGlass, almost $660 million in futures contracts have found liquidation on the last day. The data for the…

7RCC applies for spot Bitcoin ETF with 20% allocated to carbon credit futures

boss

A firm specializing in environmental investments, 7RCC, has applied to open a spot Bitcoin (BTC) ETF. 7RCC filed an application to the Securities and Exchange Commission (SEC) to create an ETF, centered around environmental, social, and governance (ESG) principles. 7RCC’s ETF aims to establish a carbon-neutral investment option in the cryptocurrency market, comprising 80% BTC and 20% carbon credit futures. Creating an ETF was initiated 18 months ago, awaiting the right market and regulatory conditions to submit the application. Cryptocurrency exchange Gemini will provide custody of the fund’s BTC, giving…