After weeks of waiting, VanEck’s Bitcoin Strategy ETF (XBTF) finally began trading on the Chicago Board of Exchange and on its first day had a trading volume of $4.6 million paling significantly against other similar ETFs that began trading last month.VanEck’s ETF has a slow start to lifeData from investing.com revealed that shares of XBTF had closed the day at around $59.73 … [Read more...] about VanEck’s Bitcoin Strategy ETF sees a slow start after issue
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SEC Rejects VanEck’s Spot Bitcoin ETF Proposal
The SEC rejected investment firm VanEck’s proposal for a spot bitcoin exchange-traded fund (ETF) on Friday. The decision was widely expected as SEC chair Gary Gensler has indicated his preference for a bitcoin futures ETF over a spot bitcoin ETF several times in the past.Two bitcoin futures ETFs, the ProShares Bitcoin Strategy ETF (BITO) and the Valkyrie Bitcoin Strategy ETF … [Read more...] about SEC Rejects VanEck’s Spot Bitcoin ETF Proposal
VanEck’s Bitcoin ETF is under review, will the SEC approve it?
The Securities and Exchange Command (SEC) has acknowledged VanEck’s Bitcoin exchange-traded fund proposal, publishing it on its website. This means the regulatory body will have 45 days to decide the launch of a Bitcoin ETF. If the SEC doesn’t deny or approves the proposal, it could extend the review process to 240 days.First American Bitcoin ETFVanEck, an asset management … [Read more...] about VanEck’s Bitcoin ETF is under review, will the SEC approve it?