The exchange-traded fund (ETF) issuer had previously withdrawn its application late last year. Source
Direxion Re-Files With SEC for Short Bitcoin Futures ETF
Tag: SEC
Grayscale CEO pleads Bitcoin spot ETF as SEC backs third BTC Futures ETF
Institutional investors rejoice, there is one more way to gain exposure to Bitcoin (BTC). The United States Securities and Exchange Commission (SEC) announced overnight the approval of a fourth Bitcoin futures exchange-traded fund (ETF). Fund group Teucrium is behind the most recently approved Bitcoin Futures ETF. The ETF joins a growing number of approved futures ETFs, complementing ProShares, Valkyrie, and VanEck Bitcoin Futures ETFs. The SEC filing for the Teucrium ETF. Source: SEC.gov Every Bitcoin spot ETF has been rejected to date, however, for one invested observer, the way in…
SEC Approves Teucrium’s Bitcoin Futures ETF
Notably, Teucrium and NYSE Arca filed the application under the Securities Exchange Act of 1934, filing a 19b-4 form with the SEC. The already-approved bitcoin futures ETFs filed by other companies were under the Investment Company Act of 1940, which follows a slightly different regulatory pathway to approval. Original
President Biden is preparing to announce picks for SEC commissioners: Report
United States President Joe Biden is reportedly planning to nominate two commissioners with different political party affiliations to the Securities and Exchange Commission. According to a Wednesday report from the Wall Street Journal, Biden is considering Democrat Jaime Lizárraga, a staffer for House Speaker Nancy Pelosi, and Republican Mark Uyeda, counsel for the Senate Banking Committee on securities and capital markets, to fill seats left behind by SEC commissioners Allison Lee and Elad Roisman, respectively. Roisman left the regulatory body at the end of January, while Lee is expected to…
XRP Army Drives Bumper Sales in Ripple Stock Despite SEC Probe
“We don’t act like a broker but rather we put our money upfront and buy pre-IPO tech company shares from early founders, investors and employees that need to liquidate shares for whatever reason – that might be to buy a house or send a kid to college,” Linqto Director of Digital Asset Sales Nick Burrafato said in an interview. “We also retain ownership of a percentage of each and every investment we make until the company exits.” Source
ProShares files with SEC for Short Bitcoin Strategy ETF
Exchange-traded funds (ETFs) issuer ProShares has filed a registration statement with the United States Securities and Exchange Commission to list shares of a Short Bitcoin Strategy ETF. In a Tuesday filing, ProShares applied with the SEC for an investment vehicle that would allow users to bet against Bitcoin (BTC) futures using an exchange-traded fund. According to the registration statement, the Short Bitcoin Strategy ETF will be based on daily investment results corresponding to the inverse of the return of the Chicago Mercantile Exchange Bitcoin Futures Contracts Index for a day.…
SEC Chair Gensler Asks Staff to Collaborate With CFTC on Regulating Crypto Exchanges – Regulation Bitcoin News
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has asked SEC staff to collaborate with the Commodity Futures Trading Commission (CFTC) to develop a new plan to regulate cryptocurrency trading platforms. SEC Wants to Work With CFTC on Regulating Crypto Exchanges The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, talked about the regulation of cryptocurrency Monday at an event hosted by the University of Pennsylvania Carey Law School. “The SEC’s remit is overseeing the capital markets,” the SEC chief began, adding that…
A New SEC Definition for ‘Exchanges’ Has Big Implications for Crypto
There are, of course, two threshold issues. First, which tokens, if any, are actually securities? On that long-standing issue, this proposal is silent. Second, did the SEC even intend to rope crypto into this proposed regulatory regime? Nothing in the 654-page rule mentions crypto, DeFi or blockchain protocols generally, and so there is room for doubt. CryptoX Portal
Bitcoin Mining Startup Primeblock to Go Public via SPAC Merger as SEC Targets SPAC Deals – Mining Bitcoin News
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Original
Gensler Says SEC Exploring Shared Role With CFTC Over Crypto Platforms
“I’ve asked staff to work with the Commodity Futures Trading Commission (CFTC) on how we jointly might address such platforms that might trade both crypto-based security tokens and some commodity tokens,” he said during Monday remarks at an event hosted by the University of Pennsylvania’s law school. Source