The United States Securities and Exchange Commission is likely to approve a Bitcoin (BTC) futures exchange-traded fund (ETF) by the end of October, according to Bloomberg ETF experts. Bloomberg ETF analysts Eric Balchunas and James Seyffart issued an investor note on Tuesday suggesting that last week’s abrupt withdrawals of Ether (ETH) futures ETF proposals by VanEck and ProShares could trigger the SEC’s approval of a Bitcoin ETF. “VanEck and ProShares’ rapid withdrawal of proposals for Ethereum futures ETFs is a good sign for a potential Bitcoin futures ETF, given the SEC has allowed those filing to remain active. A launch …

The price of Bitcoin (BTC) is back at the $50,000 level, and there's little doubt that the 47% positive rally over the past 30 days has been fueled by whale accumulation, institutional adoption and positive remarks from regulators regarding a possible exchange-traded fund (EFT) approval. Despite the positive newsflow, the top traders at crypto exchanges and derivatives data appear unmoved by the recent rally to the $50,000 resistance. Crypto analyst Will Clemente highlighted the accumulation from addresses containing 1,000 to 10,000 BTC. Price down today while whale holdings went up by ~13,000 BTC. Funny how that works. pic.twitter.com/a6tb2DiqxH — Will …

Less than two days after submitting separate applications to the United States Securities and Exchange Commission (SEC), asset managers VanEck and ProShares have seemingly decided not to pursue exchange-traded funds (EFTs) with exposure to Ether. In individual Friday filings with the SEC, legal representatives of VanEck and ProShares both said the firms had elected not to proceed with registering their respective Ether-based exchange-traded funds. VanEck had submitted a filing to launch an “Ethereum Strategy ETF” with the SEC on Wednesday, while ProShares applied for an “Ether Strategy ETF” the same day. Both products had seemingly aimed to provide exposure to …

Two more Ether (ETH)-based exchange-traded funds have been filed this week, bringing the total to 23 crypto ETF filings so far in 2021. VanEck and ProShares are the latest firms to reveal plans for institutional products focused on Ethereum. According to filings with the U.S. Securities and Exchange Commission on Wednesday, VanEck is seeking to launch an “Ethereum Strategy ETF”, while ProShares is calling its proposed product the “Ether Strategy ETF”. Both ETFs aim to provide exposure to Ether by investing in ETH futures contracts in addition to pooled investment vehicles and other exchange-traded products that have ETH exposure. The …

Filings submitted by the $9 trillion multinational investment manager BlackRock reveal that the firm has made significant investments in two leading publicly traded Bitcoin (BTC) mining firms. A June 30 filing submitted to the United States Securities and Exchange Commission, unearthed by Forbes, shows that BlackRock owns a 6.71% stake in Marathon Digital Holdings and 6.61% of Riot Blockchain. In total, the investments are valued at nearly $384 million, with BlackRock having purchased nearly $207 million worth of Marathon stock and $176 million worth of Riot stock. According to ETF.com, BlackRock’s iShares Russell 2000 ETF holds more shares in Marathon …

London-based financial services firm ETC Group will list its entire portfolio of crypto exchange-traded products (ETPs) offering exposure to Bitcoin (BTC), Ether (ETH) and Litecoin (LTC) on Austria’s national stock market. In a Wednesday announcement, the ETC Group said the Wiener Börse, or Vienna Stock Exchange, would be listing three of its crypto exchange-traded products that are “100% physically backed and central counterparty cleared.” These include the firm’s carbon-neutral Bitcoin product, a Litecoin-based product and its Ether ETP. The ETC Group has already made similar listings on stock exchanges in London, Paris, Amsterdam, Zurich and Frankfurt. The ETPs are aimed …

Fidelity’s plan to corner the cryptocurrency market appears to be more ambitious than previously imagined, as the asset manager looks to provide more institutional pathways to digital assets. In a recent interview with the Boston Globe, Christine Sandler, head of sales and marketing for Fidelity Digital Assets, said that institutional interest in crypto is growing. For most investors, the primary entry into crypto has been Bitcoin (BTC) and, to a lesser extent, Ether (ETH). Tom Jessop, who heads Fidelity Digital Assets, said the pandemic was a major motivator for investors to finally get into crypto: “What really got people off …

Delaware-based Kryptoin Investment Advisors has joined a score of other crypto ETF hopefuls by filing for an Ethereum exchange-traded fund (ETF) with the United States Securities and Exchange Commission (SEC). The crypto investment firm previously tried and failed to get a Bitcoin ETF greenlit back in 2019. The firm came back with another attempt this April, filing for a Bitcoin ETF that was set for a verdict by July 27 but is still under review by the SEC. According to a Thursday filing, the Kryptoin Ethereum ETF Trust plans to issue its common shares on the Chicago Board Options Exchange’s …

On Friday, Aug. 13, a total of $675 million worth of Bitcoin (BTC) options are set to expire, and currently the bulls enjoy a significant advantage after a 20% weekly rally to $46,743. As Cointelegraph previously reported, two things that marked the positive shift seen from institutional investors were that deposits to derivatives exchanges reached their lowest levels since May 11 and that entities with 10,000 to 100,000 BTC added over $12 billion additional Bitcoin to their holdings. Meanwhile, cryptocurrency adoption continues to rise as the Paypal-owned payments firm Venmo has expanded its support by allowing credit card holders to …

Alternative financial services firm Valkyrie Digital Assets has become the latest company to file for a Bitcoin exchange-traded fund (ETF) offering indirect exposure to Bitcoin (BTC) via cash-settled futures contracts. According to a draft prospectus dated Aug. 11, the Bitcoin futures contracts will be purchased via a Cayman Island-based subsidiary wholly owned by the fund via exchanges registered with the United States Commodity Futures Trading Commission. The prospectus adds that the fund will initially exclusively invest in Bitcoin contracts that are traded on the Chicago Mercantile Exchange, with the ETF targeting a total notional value of its underlying futures contracts …

United States investment adviser Titan has officially launched its new cryptocurrency offering targeting U.S. investors, giving market participants additional avenues for accessing digital assets like Bitcoin (BTC) and Ether (ETH). The new product, dubbed Titan Crypto, seeks to invest in a concentrated basket of leading cryptocurrencies that can outperform over the long term, the company announced Wednesday. The portfolio will be actively managed by Titan’s dedicated crypto team and will be available to U.S. residents who reside outside of New York state. In July, Titan concluded a $58 million Series B financing round led by Andreessen Horowitz, bringing its total …

Asset manager VanEck is filing for a Bitcoin Strategy exchange-traded fund (ETF) after it unsuccessfully attempted to launch a similar fund four years ago. According to the United States Securities and Exchange Commission, or SEC, VanEck filed a prospectus for a Bitcoin Strategy exchange-traded fund on Monday. Unlike its Bitcoin (BTC) or Ether (ETH) ETFs currently under review by the federal agency, the proposed fund would not invest in BTC directly, but provide exposure through Bitcoin future contracts, pooled investment vehicles and other exchange-traded products. VanEck said the Bitcoin Strategy ETF would allow exposure through crypto ETFs listed and traded …