In an interview on August 7, Cathie Wood, the CEO of ARK Investment Management, stated that the US Securities and Exchange Commission (SEC) might approve multiple spot-Bitcoin exchange-traded funds (ETFs) simultaneously. This marks a change from her belief that her firm would be the first to receive approval for the much-awaited product…. Read More: Cathie…
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On July 14, the Securities and Exchange Commission (SEC) acknowledged the spot Bitcoin ETF applications submitted by Fidelity, VanEck, WisdomTree, and Invesco. This acknowledgment, published on the SEC’s website, represents a significant milestone in the cryptocurrency industry’s pursuit of spot Bitcoin Exchange Traded Fund (ETF) approval. … Read More: SEC acknowledges Fidelity, VanEck, WisdomTree, and Invesco…
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Last week, a Wall Street Journal (WSJ) report unveiled the dissatisfaction of SEC insiders with the recent batch of spot bitcoin ETF applications from prominent financial institutions like Blackrock, Wisdomtree, Valkyrie, Fidelity, Ark Investment, and Invesco. Following this revelation, four of the firms mentioned, namely Fidelity, Vaneck, Invesco, and Wisdomtree took action and resubmitted their…
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BlackRock has recently filed an application for a spot Bitcoin ETF with the Securities and Exchange Commission. While some might think that the investment giant is applying for an ETF or a trust with properties similar to the Grayscale Bitcoin Trust (GBTC), there are certain distinctions between the two products. … Read More: BlackRock vs Grayscale: Experts Highlight Key Distinctions…
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The crypto-focused exchange-traded fund (ETF) market has seen a topside push in 2023 amid a surge in cryptocurrency prices. So far this year, the 14 top-performing ETFs are all tied to digital assets, excluding leveraged products, out of about 2,000 funds tracked by Bloomberg, the media reported Friday, noting that crypto funds are dominating the $6.8 trillion…
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Following the Securities and Exchange Commission’s rejection of Vaneck’s bitcoin spot market exchange-traded fund (ETF) on Friday, a number of cryptocurrency advocates discussed the subject this weekend. For instance, the veteran FX trader Peter Brandt told his 581,700 Twitter followers that bitcoin maximalists “should oppose” a spot market bitcoin ETF. Bitcoiner Preston Pysh said bitcoin…
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The price of bitcoin jumped over 8% during the last 24 hours after a number of documents stemming from the U.S. Securities and Exchange Commission’s (SEC) web portal indicated that the Proshares Trust exchange-traded fund (ETF) could be listed as soon as next week. Proshares filed a post-effective amended prospectus on Friday that shows the…
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The price of bitcoin soared past the $55K handle on Wednesday for the first time in four months giving proponents hope the crypto bull run has been re-ignited. Speculators are predicting a bitcoin exchange-traded fund (ETF) will be approved soon and some believe bitcoin will outperform other crypto assets this month. ETF Analyst Eric Balchunas…
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