Category: Bitcoin ETF

Grayscale Fund Touts ETF Conversion as Price Discount Issue Solution

Grayscale Fund Touts ETF Conversion as Price Discount Issue Solution

Grayscale, one of the largest cryptocurrency fund managers, has declared it is trying to morph the bitcoin trust GBTC into an exchange-traded fund (ETF) to solve its price woes. The exchange rate is now at a 20% price discount compared to its bitcoin holdings, a fact that has many worried about the overall sustainability of […]

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SEC to Scrutinize Funds Invested in Bitcoin Futures

SEC to Scrutinize Funds Invested in Bitcoin Futures

The U.S. securities watchdog has announced it will scrutinize mutual funds that include investments in bitcoin futures markets to verify funds that comply with the Investment Company Act. The institution warned about the dangers of investing in bitcoin futures markets due to the implicit volatility of the underlying asset. SEC Warns Funds About Bitcoin Futures […]

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CBOE Files With SEC to List Fidelity’s Wise Origin Bitcoin ETF

Chicago Board Options Exchange (CBOE) has filed a Form 19b-4 with the US Security and Exchange Commission (SEC) to list Fidelity’s Wise Origin Bitcoin ETF. This would be the second listing request by CBOE for a Bitcoin ETF after it filed to list VanEck’s Bitcoin-based Exchange-traded fund. In its filing CBOE suggested that the decision […]

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Wealth Manager Vaneck Files Application for an Ethereum ETF, Aims for Cboe BZX Listing

Public documents show the wealth manager Vaneck has applied for an ethereum based exchange-traded fund (ETF). Vaneck Digital Assets’ Form S-1 filing with the Securities and Exchange Commission (SEC) was filed on May 7, while the company’s bitcoin-based ETF is still under review. While Waiting for Approval for Its Bitcoin ETF, Vaneck Files With the […]

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Hester Peirce: A Gensler-led SEC could lead to a ‘very productive few years’ for crypto

Hester Peirce, a commissioner for the Securities and Exchange Commission (SEC), said she’s looking forward to a Gary Gensler-led commission. In a keynote conversation at an Official Monetary and Financial Institutions Forum conference on Thursday, Peirce — widely viewed as crypto-friendly by the industry given her past statements and interest in crypto-specific policy moves — […]

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A Canadian bitcoin trust is on the cusp of converting to an ETF

A Canadian bitcoin trust is in the final stages of its bid to convert to an exchange-traded fund (ETF). The unitholders of investment manager Ninepoint’s Bitcoin Trust approved the conversion bid earlier this month. A final prospectus for the proposed ETF was filed on April 28, according to Ninepoint, which said Friday that it “filed […]

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SEC punts on decision for VanEck’s bitcoin ETF filing until at least June

The Securities and Exchange Commission (SEC) is delaying its decision on VanEck and Cboe’s application to list a bitcoin exchange-traded fund. The SEC published an order today extending its 45-day decision window to 90 days. VanEck filed this latest S-1 in December of 2020. By March 1, exchange Cboe filed the necessary 19b-4 to list […]

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Breaking: SEC Delays Decison on VanEck Bitcoin ETF Proposal

The Securities and Exchange Commission of the US has delayed the VanEck Bitcoin ETF proposal until June. SEC usually takes upto 45 days to decide on the proposed filing from the day of registration. The 45-day window for the VanEck proposal ends on May 3. The official filing read, “The Commission finds that it is […]

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SEC Commissioner on Banning Bitcoin: ‘It’s Very Difficult to Ban Peer-to-Peer Technology’

SEC Commissioner Hester Peirce believes that the U.S. government cannot ban bitcoin, stating that “it’s very difficult to ban something that’s essentially a peer-to-peer technology.” The commissioner is hopeful that with the new chairman who has deep knowledge of bitcoin and cryptocurrencies, the SEC can take a fresh look at some of the reasons used […]

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SEC Begins to Review Bitcoin ETF Proposals Under New Chief Gary Gensler

2021 is the year when Bitcoin ETFs may be a reality as many noted firms like Grayscale, Galaxy Digital, Kryptonian, VanEck etc. are already competing for First Bitcoin ETF in US. It is notable that SEC is on a timeline and is expected to reply with yes or no by first week of May to […]

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