Simplify Asset Management has filed an application with the U.S. Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) focused on Web 3.In a filing Wednesday, Simplify said the “Simplify Volt Web 3 ETF” would trade under the ticker symbol “WIII” and track Web 3 companies that are expected to benefit from technology infrastructure play.The fund would not … [Read more...] about Simplify Files Application With SEC for Web 3 ETF
ETF
WisdomTree Adds Bitcoin Futures Exposure to Fund, Refiles for Spot ETF
“We’ve said that for a 100% bitcoin fund, we prefer the spot. We have not filed for a 100% futures [fund]. For a 3% to 5% position, we think that futures are a reasonable access tool. But for a 100% position, we think that you want the spot,” said Schwartz. “We’re making our filings as strong and compelling as possible, and you’ve got to get over the different issues from the … [Read more...] about WisdomTree Adds Bitcoin Futures Exposure to Fund, Refiles for Spot ETF
SEC Delays Decision on NYDIG’s Spot Bitcoin ETF Proposal
The Securities and Exchange Commission (SEC) has extended the time period for ruling on NYDIG’s proposal for a spot bitcoin ETF by 60 days in order to have “sufficient time to consider the proposed rule change and any comments received.”The SEC’s original deadline was Jan. 15, so now it has until March 15 to make a decision.In recent months, the SEC has rejected spot bitcoin … [Read more...] about SEC Delays Decision on NYDIG’s Spot Bitcoin ETF Proposal
Bitcoin ETF Rally Was Short-Lived
But the September dip didn’t last long. The market got a fresh jolt of enthusiasm when the first U.S. bitcoin exchange-traded fund – a bitcoin futures ETF, that is – launched in the fourth quarter. Bitcoin climbed from $40,000 toward $65,000 in October, spurring visions of $100,000 by the end of the year. It was not to be: The rally fizzled, bitcoin’s notorious volatility … [Read more...] about Bitcoin ETF Rally Was Short-Lived
Russian bank Sber launches blockchain ETF tracking Coinbase, Galaxy Digital
Sber, the Russian government-backed company and the largest bank in the country, is launching a blockchain exchange-traded fund (ETF) to track the performance of major crypto companies such as Coinbase and Galaxy Digital.Sber Asset Management officially announced the news on Thursday, stating that the new ETF is linked to various blockchain and crypto industry firms, including … [Read more...] about Russian bank Sber launches blockchain ETF tracking Coinbase, Galaxy Digital