With more than 35 million customers, $21 billion in revenues and $3.8 trillion in discretionary managed assets, Fidelity Investments is one of the largest investment management companies in the world. It may need all its heft to break the losing streak of crypto-fund sponsors that have gone up against the United States Securities and Exchange Commission. As reported, Fidelity filed with the SEC on March 24 a preliminary registration statement on behalf of its Wise Origin Bitcoin Trust — an exchange-traded fund that would track the performance of Bitcoin as measured by its Fidelity Bitcoin Index. This followed similar SEC …

For the first time, shares in Grayscale’s Bitcoin Trust traded at a discount compared to spot BTC for an entire month. Rafael Schultze-Kraft, the CTO of on-chain analytics provider Glassnode, shared the observation to Twitter on April 1, noting shares in the institutional fund manager’s Bitcoin Trust had traded at a notional discount of -6% on average during March. He noted the discount in Grayscale’s BTC shares has coincided with the launch of the Purpose Bitcoin ETF in Canada — which has accumulated 16,000 BTC worth roughly $940 million since launching in late February. 3/ The drop in $GTBC premium …

Investment fund manager 3iQ has partnered with Coinshares to launch a Bitcoin exchange-traded fund in Canada. According to an announcement from 3iQ, the firm has filed a final prospectus for a Bitcoin (BTC) exchange-traded fund, or ETF, with the securities regulatory authorities in each of the 10 provinces and 3 territories of Canada. Pending regulatory approval, trading for the ETF is expected to begin in early April on the Toronto Stock Exchange. CoinShares CEO Jean-Marie Mognetti said the joint effort was aimed at “making digital assets more accessible to investors of all types.” The fund’s units will likely trade in …

Chicago-based exchange holding company Cboe markets — an early pioneer of regulated Bitcoin futures trading in the United States — plans to build out more futures products within the crypto sector in future. In a new interview with BNN Bloomberg on March 25, CEO Ed Tilly said that the company's not always straightforward journey until now by no means dampened its commitment. Having been the first North American exchange to list Bitcoin (BTC) futures back in Dec. 2017, the Chicago Board Options Exchange, or CBOE, later ended the product in 2019, faced with stiff competition from popular BTC futures on …

Fidelity Investments, the $4.9 trillion asset manager, has filed paperwork with the United States Securities and Exchange Commission, or SEC, to list a new Bitcoin (BTC) exchange-traded fund. The Wise Origin Bitocin Trust was filed with the SEC on Wednesday, according to a Form S-1 Registration Statement that appeared on the regulator’s website. The ETF aims to track the digital currency’s daily performance using the Fidelity Bitcoin Index PR, an index that’s derived from several price feeds. From the prospectus: “The Trust provides direct exposure to bitcoin, and the Shares of the Trust are valued on a daily basis using …

According to digital asset investment manager CoinShares, institutional demand in the United States has declined slightly, while European funds are still buying. According to Coinshares’ Monday "Fund Flows Weekly" report, combined flows into institutional crypto products totaled $99 million for the week ending March 20. The data indicates a significant decline in institutional demand, with inflows down 59% from the previous week, which recorded $242 million. However, the researchers noted that the assets under management figure for the top institutional investment products reached a record high of $57 billion. The report added that while demand has declined in the U.S., …

New York-based investment firm SkyBridge Capital has filed for a Bitcoin (BTC) exchange-traded fund, or ETF, with the United States Securities and Exchange Commission. SkyBridge submitted the filing on March 19 in partnership with investment advisor First Trust Advisors. First Trust will act as the fund's advisor and Skybridge serving as sub-advisor. The documents state the First Trust SkyBridge Bitcoin ETF will seek to list its shares on the New York Stock Exchange Arca. A ticker symbol is yet to be announced for the fund. The filing emphasizes the trust will offer a regulated way for investors to gain exposure …

The Brazilian Securities and Exchange Commission, or CVM, approved two cryptocurrency ETFs this week — one 100% Bitcoin and the other composed of five cryptocurrencies, in addition to Bitcoin (BTC). For QR Asset Management, manager of the Bitcoin-only ETF, the product could accelerate the launch of a similar product in the United States, since the CVM, as well as the Securities and Exchange Commission, or SEC, are part of the International Organization of Securities Commissions, or IOSCO. Both ETFs will be traded on the Brazil's Stock Exchange, or B3. According to Brazil Journal, two of the country's main banks, Itaú …

Cryptocurrency adoption has been penetrating the mainstream at an exponential rate. While most investors are going straight into buying the likes of Bitcoin (BTC) and Ether (ETH), a few skeptical investors want to invest in the cryptocurrency economy without exposure to tokens’ volatility directly. This volatility is evident in the recent all-time high Bitcoin of around $61,700 reached on March 14, before dropping to trading in the $56,000 range and then rising to around $59,000 at the time of publication. Bitcoin’s market capitalization has now surpassed that of Visa and Mastercard combined. For the overly cautious investors, JPMorgan recently announced …

The United States Securities and Exchange Commission now has 45 days to deliver an initial decision on the VanEck Bitcoin (BTC) exchange-traded fund filing having officially published the company’s submission on its website on March 15. Now, the SEC has to approve, decline or extend the review period for the Bitcoin ETF filing within the 45-day window. The SEC can extend the deliberation window up to 249 days before delivering a final decision. The public also has a three-week period to submit comments on the SEC website. As previously reported by Cointelegraph, the Chicago Board Options Exchange, or CBOE, filed …

New York-based asset manager WisdomTree has filed for a Bitcoin exchange-traded fund, or ETF, with the U.S. Securities and Exchange Commission. The firm submitted its filing on March 11. It states the WisdomTree Bitcoin Trust would trade on Chicago Board Options Exchange’s BZX platform under the ticker BTCW. The trust would offer a regulated way for investors to gain exposure to the price of Bitcoin, and allow speculators to execute trades through their brokers. Contracts would be settled according to CF Benchmarks’s “CF Bitcoin US Settlement Price,” a price index that tracks the price based on major BTC spot exchanges. …

Cryptocurrency asset manager Grayscale has a new buyer of shares in its Grayscale Bitcoin Trust (GBTC) — its owner. In a press release on March 10, Grayscale parent company Digital Currency Group (DCG) announced plans to purchase up to $250 million of GBTC shares. GBTC to buy "up to $250 million" in shares The move, which comes amid volatile conditions for GBTC, follows plans to hire specialists in the exchange-traded fund (ETF) sphere, signaling a potential diversification by the company. According to the press release, DCG "has authorized the purchase by DCG of up to $250 million worth of shares …