The United States Securities and Exchange Commission has postponed its decision on whether to approve a Bitcoin (BTC) exchange-traded fund. The SEC has delayed its decision on a Bitcoin ETF filing by Texas-based family investment fund Valkyrie Digital Assets after receiving comments on the proposed rule change regarding the new fund. According to an official Tuesday filing by the SEC, the commission has found that it was appropriate to designate a longer period to take action on the proposed rule change regarding the Bitcoin ETF. Valkyrie initially filed its application for the Valkyrie Bitcoin Trust on the New York Stock …

United States investment management firm VanEck has filed for a new Bitcoin (BTC) futures mutual fund with the Securities and Exchange Commission. According to a prospectus filed Monday, the new “Bitcoin Strategy Fund” will invest in Bitcoin futures contracts as well as pooled investment vehicles and exchange-traded products that provide exposure to Bitcoin. The fund will not invest in Bitcoin or other cryptocurrencies directly. The fund will have exposure to certain Bitcoin futures through its fully owned subsidiary operating in the Cayman Islands. “The subsidiary has the same investment objective as the fund and will follow the same general investment …

The U.S. Securities and Exchange Commission has issued an order allowing the public to comment on the proposed rule change surrounding the Bitcoin exchange-traded fund from asset manager VanEck. According to a Wednesday filing from the SEC, the regulatory body has not yet reached a decision on whether to approve or disapprove of VanEck’s Bitcoin exchange-traded fund, or ETF, but “seeks and encourages interested persons to provide comments” on the proposal. Specifically, the commission is asking the public to consider whether they believe the Bitcoin ETF would be susceptible to manipulation and designed to prevent fraudulent and manipulative acts and …

Despite Bitcoin (BTC) and the wider cryptocurrency market experiencing one of its worst crashes in recent memory, investors are apparently more bullish than ever regarding the future fortunes of Bitcoin and a host of altcoins. That’s according to the results of a Q2 retail investment survey conducted by crypto firm Voyager Digital, which polled 3,671 high-frequency traders on the Voyager platform. The survey’s findings revealed that 81% of respondents are more confident in the future of cryptocurrency, even after the violent price crash in April and May, which saw Bitcoin and others lose more than 50% of their value. Many …

Demand for Bitcoin (BTC) among Canadian investors has not wavered amid the latest price correction, offering further evidence that market participants are capitalizing on heavily discounted prices. The Purpose Bitcoin ETF, which launched in February, has now accumulated 19,692.149 BTC as of June 13, according to Bybt data. The ETF has added 284.51 BTC over the past seven days and nearly 2,000 BTC since May 15. In fact, the ETF added to its holdings during the May 19 flash crash that saw Bitcoin wick down below $30,000 before quickly recovering. At a current BTC price of around $36,000, the Purpose …

Update: An earlier version of this article incorrectly reported that capital inflows into Grayscale Bitcoin Trust declined due to a lack of Wall Street interest. However, Seres Lu, vice president of Grayscale, updated Cointelegraph via email that the capital inflow stopped because the firm closed some of its trusts for administrative purposes. The article has been updated accordingly. There is a reason why Grayscale Bitcoin Trust (GBTC) emerged as a benchmark to measure institutional interest in Bitcoin (BTC). Grayscale no longer the only option for investors The digital currency investment product was among the only ones that offered hedge funds, …

Cryptocurrency investment manager ETC Group is expanding its Bitcoin (BTC) exchange-traded product (ETP) offering in the United Kingdom after harnessing Swiss market rules to bypass more stringent British regulations. The ETC Group Physical Bitcoin ETP, which trades under the ticker symbol BTCE, will begin trading on Aquis Exchange in London and Paris on June 7, the company announced Tuesday. Once launched, BTCE will become the first cryptocurrency ETP to trade in the United Kingdom. Bradley Duke, CEO of ETC Group, said the product is already being used by investors as an “effective hedge against inflation.” He explained: “ETC Group provides …

Following in the footsteps of VanEck earlier this month, Wisdom Tree has filed an application for an Ether (ETH) exchange-traded fund submitted to the United States Securities and Exchange Commission. According to filings dated May 27, the ETF’s shares would be listed on the Chicago Board Options Exchange’s BZX Exchange. On May 7, rival ETF issuer, VanEck, also filed an application for an Ether ETF to be traded on the same exchange. Wisdom Tree’s application comes as the SEC has begun its formal review of Bitcoin (BTC) ETF applications submitted by Fidelity and SkyBridge respectively. The filing is far from …

A pair of Bitcoin (BTC) exchange-traded fund (ETF) applications submitted by Fidelity Investments and SkyBridge Capital are under official review by the United States Securities and Exchange Commission, reigniting a long-standing debate about whether regulators will finally approve America’s first crypto-focused ETF. The SEC’s formal review of Fidelity Investments’ application was documented in a Tuesday filing that appeared on the regulator’s website. The formal review of the SkyBridge application was outlined in a May 21 filing. Both ETF applications were submitted in March. As Cointelegraph reported at the time, Anthony Scaramucci’s SkyBridge Capital partnered with investment adviser First Trust Advisors …

Teucrium Trading, an agriculture-focused exchange-traded fund provider, is planning to expand its ETF suite with Bitcoin. On Thursday, the company filed an application with the United States Securities and Exchange Commission to launch a Bitcoin (BTC) ETF that would track a benchmark of Bitcoin futures contracts. Dubbed Teucrium Bitcoin Futures Fund, the planned ETF is designed to provide investors with a way to gain price exposure to the Bitcoin market. Should the SEC approve the new product, Teucrium will issue shares that trade on the NYSE Arca stock exchange under the symbol BCFU. The contract would be settled in cash, …

Galaxy Digital Holdings, a cryptocurrency-focused investment manager, booked a stellar first quarter on the back of surging digital asset valuations. The company’s net comprehensive income, which includes net income and unrealized income, surged to $860.2 million in the quarter ending March 31. In the first quarter of 2020, Galaxy Digital booked losses of $26.9 million. Assets under management increased 58% during the quarter. Income from trading surged to $508.7 million from a $31.5 million loss in the first quarter of last year. Galaxy Digital’s three Bitcoin (BTC) funds returned 101.92% year-to-date through March 31. "Beyond delivering dramatic organic growth, we …

Bitwise Asset Management has announced the launch of its Crypto Industry Innovators exchange-traded fund. Unlike the numerous proposals for Bitcoin and cryptocurrency ETFs offering direct exposure to digital assets that the United States Securities and Exchange Commission takes great delight in shooting down, Bitwise’s new fund, dubbed BITQ, offers exposure to the shares of leading “public companies that are participants in the growing Bitcoin and cryptocurrency sector.” Announcing today's launch of the Bitwise Crypto Industry Innovators ETF (NYSE: $BITQ)! $BITQ holds public companies backing bitcoin and crypto innovation. Available in brokerages now! (BITQ ETF Risk Disclosure: https://t.co/k76Eg2q5GM) pic.twitter.com/jUZHxF4UFz — Bitwise …