Hong Kong’s SFC eyeing crypto accessibility for retail investors: Bloomberg
Hong Kong’s securities watchdog, the Securities and Futures Commission (SFC), is considering proposals to permit retail investors to purchase spot crypto Exchange Traded Funds (ETFs). SFC Chief Executive Officer Julia Leung commented, “We welcome proposals using innovative technology that boosts efficiency and customer experience. We’re happy to give it a try as long as new […]
Valkyrie investments aims for green light with refined Bitcoin Spot ETF application
Digital asset management firm, Valkyrie Investments, has updated its filing for a bitcoin spot exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC). The revised registration statement is aimed at offering shares of the Valkyrie Bitcoin Fund. The fund will directly hold bitcoin if given the green light. The proposed ETF is expected to […]
Gary Gensler’s potential ‘Rug-Pull’ on Bitcoin ETF
According to a recent discussion, analysts are contemplating a potential mass denial of spot Bitcoin exchange-traded fund (ETF) applications by SEC Chair Gary Gensler. A conversation on Twitter involving Bloomberg’s ETF analysts James Seyffart and Eric Balchunas, along with ETF commentator Dave Nadig, speculated on Gensler’s possible last-minute denial of the mounting Bitcoin ETF applications. […]
Vaneck refines Spot Bitcoin ETF proposal, unveils new investment strategy
Asset management firm, VanEck, has revised its application for a spot Bitcoin exchange-traded fund (ETF) with the United States Securities and Exchange Commission (SEC). The application was updated on Oct. 27, as confirmed by the SEC’s database. The revised application details that a seed capital investor purchased Seed Creation Baskets, a block of 50,000 shares […]
SEC Gary Gensler confirms in review of Spot Bitcoin ETF applications; approval anticipated
The US Securities and Exchange Commission (SEC) is currently reviewing eight to ten applications for spot Bitcoin ETFs. This was confirmed by SEC Chair Gary Gensler, sparking speculation that approval may be imminent. Gensler explained that these applications could potentially come before the five-member commission. He refrained, however, from providing a specific timeline or pre-judging […]
Bitcoin ETFs experience surge, as ProShares trades $1.5B amid regulatory changes
Amid anticipations of regulatory shifts in the United States, Bitcoin (BTC) institutional investment products, including ETFs, have witnessed a dramatic volume increase. ProShares and Grayscale are at the forefront of this surge. Data from Bloomberg, indicate that BTC ETFs are nearing record weekly inflows. The possible approval of a Bitcoin spot price-based ETF in the […]
SEC to face lawsuits over Bitcoin ETF rejections says JPMorgan Analyst
The U.S. Securities and Exchange Commission (SEC) may face lawsuits if it rejects spot Bitcoin exchange-traded fund (ETF) applications, a scenario that is causing concern among industry insiders. Analysts from JPMorgan, led by Nikolaos Panigirtzoglou, expressed growing optimism about the potential approval of a spot Bitcoin ETF. However, they warn of potential legal issues should […]
Spot Bitcoin ETF race heats up with Hashdex’s groundbreaking proposal under SEC review
Hashdex, a prominent asset manager, recently discussed its spot Bitcoin ETF application with the U.S. Securities and Exchange Commission (SEC). The meeting was centered around the regulator’s concerns regarding the proposed product. The discussion took place on October 13th, involving representatives from Hashdex, NYSE Arca, Tidal Financial Group, and law firm K&L Gates. Hashdex’s application […]
Bitcoin ETF approval could spark major rally, says Bitwise CIO Matt Hougan
The approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) could trigger a significant surge in the crypto’s value, akin to gold’s post-ETF rally, according to Matt Hougan, Chief Investment Officer at Bitwise. Hougan made his remarks during an interview with Thinking Crypto on Tuesday, drawing parallels between Bitcoin’s potential future and gold’s history. Bitwise […]
Bitcoin’s price rollercoaster causes $147 Million in liquidations
A recent dip in Bitcoin’s value has resulted in over $147 million in liquidations within the last 24 hours. The retracement followed a high earlier this week when the cryptocurrency surpassed $35,000. Data from Coinglass suggests that short positions bore the brunt of the impact, with nearly $80 million liquidated compared to just over $68 […]