Why are we waiting on cryptocurrency ETFs? Seriously.I know there are now a few options to invest in bitcoin futures via an exchange-traded fund (ETF), and there are spot bitcoin ETFs available in Canada, but it seems like many financial advisors and writers are waiting with bated breath for a spot bitcoin ETF in the U.S. to suddenly open up the floodgates of digital asset … [Read more...] about Are Spot Crypto ETFs Really Worth the Wait?
The U.S. Securities and Exchange Commission (SEC) is pushing out its review of proposals by Grayscale and Bitwise for their spot bitcoin exchange-traded funds (ETFs) by 45 days, according to filings around both products. Grayscale is owned by Digital Currency Group, which is the parent company of CoinDesk. Source link … [Read more...] about SEC Delays Decision on Grayscale and Bitwise Spot Bitcoin ETFs
For a bitcoin ETF to win the day its issuer must establish what the SEC calls a “surveillance sharing agreement” with another major, compliance-minded market upon which the asset trades. It’s a simple argument, really. Any would-be manipulator would need to influence one market to reap gains on the other. If both those markets share data, then better the chances to catch the … [Read more...] about The SEC Still Doesn’t Like Spot Bitcoin ETFs
BlackRock global head of iShares and index investments, Salim Ramji, said in an interview the $9.5 trillion firm has “no current plans” to launch cryptocurrency exchange traded funds (ETFs).“I personally think crypto - things like stablecoins and certainly things like distributed ledger technologies are a disruptive technology,” Ramji told the Financial News in an … [Read more...] about BlackRock iShares Exec Says Firm Has ‘No Current Plans’ to Launch Crypto ETFs: Report
Bloomberg’s senior ETF analyst Eric Balchunas took to Twitter to draw statistics concerning the ETF market, stating that the new Proshares Bitcoin ETF had traded $400 million worth of shares yesterday alone.$BITO and $BTF both had their biggest volume days in about two weeks. $BITO with a $400m traded, which is not only a ton but = 25% turnover in one day- indicating its usage … [Read more...] about Proshares Bitcoin rises to the top 2% of all ETFs in terms of volume