Major U.S. investment bank Goldman Sachs has filed a prospectus with the U.S. Securities and exchange Commission (SEC) for an exchange-traded fund (ETF) that could offer exposure to bitcoin and other cryptocurrencies. In a recent document filing, Goldman Sachs is seeking approval from the SEC to launch an ETF called the ARK Innovation ETF. According...Read More
Following the recent approval of QR Capital’s Bitcoin exchange-traded fund (ETF), the Brazillian company is looking to raise $90 million to buy the bitcoin needed before trading commences. Working Towards Acquiring Bitcoin QR Capital made history after Brazil’s Securities and Exchange Commission (CVM) approved its application for a Bitcoin ETF, becoming the first of such...Read More
Although Q1 2021 has a few more weeks left, it has already broken the record in terms of the most substantial inflows in cryptocurrency assets with over $4.2 billion, informed a report from CoinShares. Interestingly, Ethereum has skyrocketed in popularity among investors as it has garnered roughly 50% of the total flows in recent weeks....Read More
It appears that 2021 is the year for Bitcoin ETF approvals as yet another exchange-traded fund tracking the performance of the first-ever cryptocurrency will emerge – this time, in Brazil. The country’s Securities and Exchange Commission (CVM) has given its blessing to QR Capital’s application, and the QBTC11 product will go live on the Sao...Read More
Recent job postings suggest that the leading digital asset manager could be planning to develop and launch a cryptocurrency exchange-traded fund (ETFs). Grayscale is looking for nine employees for roles focusing on various ETF-related endeavors. Founded in 2013, Grayscale is a crypto asset manager enabling institutions to receive exposure to numerous digital assets through its...Read More
Yet another Bitcoin ETF is to reach the markets in Canada as the country’s securities regulator has issued “a receipt for the final prospectus” for CI Global Asset Management’s application. Dubbed CI Galaxy Bitcoin ETF (BTCX), it’s expected to launch on the Toronto Stock Exchange (TSX) on March 9th, and Mike Novogratz’ Galaxy Digital Capital...Read More
Yet another attempt for a US-approved Bitcoin ETF is on the horizon coming from the Chicago Board Options Exchange (Cboe). The organization’s filing with the SEC aims to build on a previous S-1 filing initiated by VanEck. CryptoPotato reported in late 2020 that the US investment giant with about $50 billion in AUM, VanEck, has...Read More
North America’s first Bitcoin exchange-traded fund (ETF) has seen impressive results on its first two days of trading, following its recent approval by Canada’s securities regulatory body. Purpose Bitcoin ETF started on a flying note shortly after it began trading on Thursday (Feb. 18, 2021) under the ticker symbol “BTCC” on the Toronto Stock Exchange...Read More
While the US still fights the idea of an ETF tracking the performance of BTC, the Ontario Securities Commission (OSC) has approved an application from the financial services company Purpose Investments Inc. to launch such a product in several Canadian territories. The approval document reads that Purpose Investments filed the prospectus under Multilateral Instrument 11-102...Read More
The reasoning behind such a claim is that an approved ETF could potentially compete with and cause an outflow from the world’s largest traded cryptocurrency fund, Grayscale’s Bitcoin Trust. It was suggested that the ETF would erode the Grayscale Trust’s effective monopoly, sparking outflows and a slide in its premium to net asset value. This...Read More
With Bitcoin trading above $22600, at the time of writing, the conversation regarding a Bitcoin ETF has started all over again. After all, there are well-developed Bitcoin ETF, ETP markets in Switzerland, ETNs in Sweden, and Germany’s new ETP now stands at $190 Million. Matt Hougan, CIO at Bitwise was quoted talking about Bitcoin ETFs...Read More
3iQ, Canada’s leading crypto-asset fund manager, made headlines recently after it announced a successful treasury offering of its Bitcoin Fund. The Bitcoin Fund offering consists of 2,222,300 Class A units, of which the gross proceeds are expected to amount to $50,001,750. The offering is expected to close around the 30th of November 2020, with the...Read More
According to a recent announcement, Class A Units of 3iQ’s The Bitcoin Fund have begun trading in Canadian dollars on the Toronto Stock Exchange under the symbol “QBTC.” The trade was initiated on the 20th of October. This is a crucial development, with the importance of the same highlighted by Fred Pye, President & CEO...Read More
Hester Peirce, the Commissioner of the US Securities and Exchange Commission (SEC) believes that the charges against BitMEX brought by the CFTC were a “loud and clear” message. In a recent podcast, the so-called ‘Crypto Mom’ also noted that a Bitcoin ETF could be beneficial to all parties but didn’t specify if such a product...Read More
The first-ever Bitcoin ETF will be launched on the Bermuda Stock Exchange (BSX) by Hashdex, a regulated Brazilian fund manager, and Nasdaq after garnering approval for the “Hashdex Nasdaq Crypto Index” four days ago. The news continues Bermuda’s legacy of being a crypto-friendly offshore international business and financial center. Three million Class E shares will...Read More
It appears that the cryptocurrency community won’t be seeing an SEC Bitcoin ETF yet again, as Bitwise has withdrawn its application which was filed in January 2019. According to the official note, the move is largely due to the public interest and pursuant to existing regulations. Bitwise Withdraws Bitcoin ETF Application A lot of people...Read More
The concept of a Bitcoin ETF has been dead in the water for years. Despite another rejection looming on the horizon, Bitwise is not giving up on this idea just yet. It is not the first time that the company wants to explore a Bitcoin ETF. Bitwise Wants its Bitcoin ETF at all Costs So...Read More
There are several exemptions the U.S. Securities and Exchange Commission (SEC) offers that allow companies to launch their bitcoin investment products without registration. While waiting for the SEC to approve their bitcoin ETF, some firms have taken advantage of these exemptions to offer an interim product. Also read: Indian Government’s New Report Views Crypto Positively...Read More
VanEck plans to launch a bitcoin fund designed for institutional investors that The Wall Street Journal falsely describes as a “limited version of a crypto ETF.” | Source: Shutterstock The bitcoin bulls have wrestled back control of the BTC price, with the leading cryptocurrency barreling for $11,000 once again. While the positive momentum emerged over...Read More
New York-based Van Eck Securities and SolidX Management will start offering shares in a Bitcoin exchange-traded fund (ETF), the Wall Street Journal (WSJ) reports. Crypto ETF Available to Institutional Investors Even if only a few days have passed since the start of September, this month might be a turning point for Bitcoin and the crypto...Read More
