Etf news-Page 17
Biggest Bitcoin fund in the world could become ETF by July as GBTC nears $40 billion AUM
Grayscale could launch its Bitcoin (BTC) exchange-traded fund (ETF) as soon as July 2022, one of its executives has said. Speaking at a virtual event organized by MarketWatch on Oct. 27, Grayscale’s global head of ETFs, David LaValle, gave a nine-month timeline for approval by U.S. regulators. Grayscale: Now's the time to file for ETF Grayscale, which runs the largest-volume Bitcoin investment product globally, the Grayscale Bitcoin Trust (GBTC), reiterated this month that it is “committed” to transforming it into an ETF. According to LaValle, the timing for submitting the application to do so this week was ideal. “We thought …
Etf / Oct. 29, 2021
Australian securities regulator issues guidelines for crypto ETPs
The Australia Securities and Investments Commission (ASIC) has issued its response to public consultation on cryptocurrency exchange-traded products (ETPs) alongside fresh industry guidance. On Oct. 29, the regulator released a set of regulatory requirements for funds looking to offer crypto ETPs, including exchange-traded funds (ETFs) and structured products, following months of industry consultation initiated in late June. According to the official guidance, ASIC has so far greenlighted ETPs based on major cryptocurrencies like Bitcoin (BTC) and Ether (ETH) and expects more crypto assets to become a foundation for ETPs in the future: “As at October 2021, Bitcoin and Ether appear …
Adoption / Oct. 29, 2021
More than 40 digital currency ETFs await US regulatory approval
Fund managers appear to be scrambling to match demand from investors as major cryptocurrencies such as Bitcoin (BTC), and Ethereum (ETH) teeter around record price levels. According to a Bloomberg Terminal screenshot taken by Bloomberg Intelligence analyst James Seyffart, over 40 cryptocurrency exchange-traded funds, or ETFs, are now awaiting listing in the U.S. The source indicated that four have already been approved by the Securities Exchange Commission, or SEC. The most notable of which is the Ark 21Shares Bitcoin ETF, created in a joint effort by 21 Shares and ARK Invest. The latest fund applications came from AXS Investments on …
Adoption / Oct. 28, 2021
Is Bitcoin price mimicking the 2017 bull run? Find out on The Market Report with ETF expert Eric Balchunas
Join Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman as they break down the latest news in the markets this week. Here’s what to expect in this week’s markets news breakdown: El Salvador just bought the dip! Salvadoran President Nayib Bukele tweeted that his government has bought an additional 420 Bitcoin (BTC), bringing its grand total up to 1,120 BTC. Can $3,400 make you a billionaire? It would have if you had purchased Shiba Inu (SHIB) in August 2020. One unknown HODLer did, bringing the dollar value of his holdings up to a …
Etf / Oct. 28, 2021
Volt Equity’s ‘Bitcoin revolution’ ETF goes live on NYSE today
The New York Stock Exchange (NYSE) continues listing Bitcoin (BTC)-linked exchange-traded funds (ETF), with Volt Equity becoming the latest company to debut such a product on the exchange. Volt Equity’s Crypto Industry Revolution and Tech ETF will debut trading on the electronic securities exchange NYSE Arca on Oct. 28, the company’s CEO Tad Park told Cointelegraph. The ETF will be available for trading at market opening under the ticker symbol BTCR. BTCR will open at $21, giving a nod to Bitcoin’s capped supply of 21 million Bitcoin. According to the company, the ETF is implementing a management approach informed by …
Etf / Oct. 28, 2021
SEC reportedly knocks back Valkyrie's leveraged Bitcoin ETF
Reports are emerging that the U.S. Securities and Exchange Commission has rejected one, or possibly two, recent Bitcoin exchange-traded fund applications signaling that the regulator is not quite ready for more exotic futures products just yet. Just a day or so after Valkyrie filed for a leveraged Bitcoin futures ETF and Direxion applied for an inverse fund for bears, the SEC appears to have vetoed them both. On Oct. 28, Bloomberg’s senior ETF analyst Eric Balchunas referred to a Dow Jones alert indicating the Valkyrie leveraged fund had been shelved by the SEC. He added that the move was likely …
Etf / Oct. 28, 2021
Here’s why analysts say Bitcoin ETFs may ‘completely change the structure of the market’
After reaching new all-time highs it's customary for Bitcoin (BTC) price see a bit of cooling off in the form of profit taking, consolidation and uncertainty from traders who are cautious about opening new positions at record highs. This appears to be exactly what is occuring this week as Bitcoin price struggles to hold the $60,000 level as support. Generally, most analysts still retain a bullish macro view of Bitcoin's price trajectory, to the extent that PlanB, Willy Woo and others claim that the second-half of the bull market was certified by the price hitting $67,000 last week. Here’s what …
Etf / Oct. 28, 2021
Friday’s jaw-breaking $3.2B Bitcoin options expiry could kick-start a new rally
Bitcoin (BTC) has been trading in a descending channel pattern since its $67,000 all-time high on Oct. 20, which was just one day after ProShares’ Bitcoin Strategy ETF (BITO) debuted at Nasdaq. However, bulls have a sufficient number of incentives to peg Bitcoin's price above $60,000 on Oct. 29 when the $3.2 billion monthly options expiry settles. Currently, investors are displaying mixed feelings about the exchange-traded fund’s approval, even though it reached $1 billion in assets under management in 48 hours. Either market expectations for these funds were insanely high, or the 42% gain in October until Oct. 19 was …
Etf / Oct. 27, 2021
New Bitcoin ETFs filed: One for bears, the other with ‘leverage for ants’
Exchange-traded fund issuer Direxion has filed for a product that would enable speculators to buy contracts that short the price of Bitcoin. In a filing made to the U.S. Securities and Exchange Commission on Oct. 26, the company unveiled the Direxion Bitcoin Strategy Bear ETF. Like other futures products, it will not invest directly in BTC, but will instead maintain managed short exposure position contracts issued by the Chicago Mercantile Exchange (CME). Direxion stated that the fund may invest in other BTC futures, money market funds, deposit accounts, or short-term debt instruments. However, the firm did issue a dire warning …
Etf / Oct. 27, 2021
BTC price dips below $62K on VanEck Bitcoin ETF launch day
Bitcoin (BTC) fell below $62,000 on Oct. 26 as the launch of the third U.S. regulated exchange-traded fund (ETF) failed to budge sideways price action. $61,600 support target for BTC Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting daily lows as U.S. markets opened Tuesday. The latest ETF, the VanEck Bitcoin Strategy ETF ($XBTF), was met with a decidedly different mood on the day as Bitcoin seemed unmoved by the prospect of fresh institutional involvement. Last week's ProShares Bitcoin Strategy ETF saw a surge which ended in new all-time highs for BTC/USD, these still unmatched as a correction …
Etf / Oct. 26, 2021
South Korean pension fund to invest in Bitcoin ETF: Report
South Korea’s public pension fund, the Korean Teachers’ Credit Union (KTCU), is reportedly looking to gain exposure to Bitcoin (BTC) via a crypto exchange-traded fund (ETF). KTCU, one of the largest institutional investors in South Korea, is considering investing in a pure Bitcoin ETF or Bitcoin-linked ETFs in the first half of 2022, local news agency The Korea Economic Daily reported Monday. According to the report, KTCU is considering investing in several Bitcoin ETF products, including those by South Korean asset management firm Mirae Asset Global Investments. The company launched two ETFs tracking the value of Bitcoin futures via its …
Adoption / Oct. 26, 2021
GBTC delivered better returns than Bitcoin ETFs last week
Bitcoin (BTC) investment vehicle the Grayscale Bitcoin Trust (GBTC) outperformed the newly-launched exchange-traded funds (ETFs) last week, data shows. Figures shared by Grayscale executives among others confirm that GBTC quietly delivered better investor returns since Oct. 19. Grayscale "discount" hits one-month lows While talk continues to revolve around Bitcoin futures ETFs and their market impact, industry stalwart Grayscale is biting back. Amid claims that the newly-launched funds are sucking custom away from GBTC, the firm's chiefs were quick to note that the latter was in fact a better bet since launch day. Over the seven days to Monday, GBTC returned …
Etf / Oct. 26, 2021