Tag: Bitcoin ETF

2023 saw many governments recognize crypto ‘publicly’ as a legitimate financial asset and implemented regulations to help citizens benefit from its advantages and protect them from the potential risks of using it as an investment vehicle This process wasn't smooth for every country, notably the United States. Virtually all its ...

Hong Kong's Securities and Futures Commission (SFC) reportedly received its first spot Bitcoin ETF application on January 26, 2024, marking a significant development in the region's financial landscape.  The application, submitted by prominent asset manager Harvest Fund, aims for a public listing on the Hong Kong Stock Exchange by the ...

Grayscale's CEO, Michael Sonnenshein, has expressed doubt about the sustainability of recently launched spot Bitcoin ETFs, asserting that the competition among these issuers to reduce fees won't prevent many from exiting the crypto market. During an interview with CNBC on Thursday, January 18, 2024, Sonnenshein projected that, ultimately, only two ...

Flowdesk, a renowned French-based digital asset market maker, has raised $50 million in a Series B funding round to bolster its operations.  The investment round was led by venture capital company Cathay Innovation and comprised contributions from Ripple, Eurazo, Speedinvest, Cathay Ledger Fund, BPI, and ISAI. Flowdesk aims to use ...

BlackRock's iShares Bitcoin ETF portfolio now comprises 99% of Bitcoin and about $1 billion in assets under management (AUM). This accomplishment marks BlackRock as the first among the new Bitcoin ETF issuers to reach such a substantial holding. According to a trading report published today, Thursday, January 18, IBIT's holding ...

Bitwise has climbed up the ranks of top ETF issuers by assets under management (AUM) after it added over $63 million worth of Bitcoin tokens to its portfolio.  On Thursday, January 18, Hunter Horsley, the CEO of Bitwise, took to X to announce this latest crypto asset purchase. According to ...

Bitcoin's downward price trend may not be over, as various indicators and metrics suggest that a price correction may not occur until a new price surge is in view. Despite the recent successes of Bitcoin ETF issuers in acquiring operational approval from the US SEC, Bitcoin continues to decline, and ...

On Tuesday, January 16, 2024, ARK Invest bolstered its position in the cryptocurrency market by buying over $15.9 million worth of shares of its newly approved Bitcoin ETF. The ETF issuer bought over 365,427 shares of the ARK 21Shares Bitcoin ETF (ARKB) and added to its Next Generation Internet ETF ...

The U.S. Securities and Exchange Commission (SEC) has reportedly offered feedback to potential issuers of bitcoin exchange-traded funds (ETFs) after they submitted documents disclosing service fees for their proposed offerings yesterday, January 8, 2023.  Some members of the crypto community pointed out that the SEC's swift feedback before it is ...

Grayscale has petitioned the U.S. Securities and Exchange Commission (SEC) to hasten its decision regarding the application to convert the Grayscale Bitcoin Trust (GBTC) to a traditional Bitcoin Exchange-Traded Fund (ETF).  In a letter sent on September 5, 2023, to the SEC, Grayscale's legal team argued that there are no ...