21Shares, a major issuer of cryptocurrency exchange-traded products (ETP), is launching a new ETP tracking a mix of Bitcoin (BTC) and gold. The Switzerland-based firm on Wednesday announced the launch of the 21Shares ByteTree BOLD ETP (BOLD), a new product aimed at providing inflation protection by tracking an index providing risk-adjusted exposure to both BTC and gold. Listed on the SIX Swiss Exchange, the new hybrid ETP is subject to monthly rebalances, according to the inverse historic volatility of each asset. At launch, BOLD comprises 18.5% of BTC and 81.5% of gold. The new ETP was developed in collaboration with …

The launch of Australia’s first three Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETF) scheduled for Wednesday has been delayed as a result of further “checks” needing to be completed. The exchange listing the Bitcoin Spot ETF from Cosmos Asset Management, Cboe Australia, released a statement late Tuesday stating that “standard checks prior to the commencement of trading are still being completed” and a “further update will be provided in the coming days.” Cboe issued the same notice regarding two spot ETFs issued by 21Shares also scheduled for launch today, a Bitcoin ETF and an Ether ETF. A representative for …

SkyBridge Capital is working on pivoting the majority of its assets under management (AUM) to digital assets, as the sector represents “tremendous growth” for the firm. The hedge fund was founded by former United States politician Anthony Scaramucci in 2005 and first delved into Bitcoin (BTC) in late 2020. The firm also has money deployed in other hedge funds, late-stage private tech companies and real estate, with its total AUM reported being around $7.3 billion. Skybridge now manages a $7 million Bitcoin Fund among others, and has been actively working to get a spot BTC exchange-traded fund (ETF) approved by …

Blockchain.com, a cryptocurrency exchange and financial services firm, has named Standard Custody & Trust Company as the custodian for Blockchain.com and Altis Partner's new institutional platform, Blockchain.com Asset Management (BCAM). On April 6, Blockchain.com introduced a suite of institutional investment solutions that combine the crypto trading infrastructure, research and security software services of Blockchain.com in partnership with investment management firm Altis Partners. According to the Thursday announcement, Standard Custody's service is regulated, insured and led by a team of experts from the crypto and financial services industry. Charles McGarraugh, Altis Partners' chief investment officer, stated that: “The advent of distributed …

Things are looking up for the United States’ largest institutional Bitcoin (BTC) product by asset holdings. Data from on-chain monitoring resource Coinglass confirms that as of April 21, the Grayscale Bitcoin Trust (GBTC) is rebounding toward 2022 highs. Grayscale CEO: “‘If’ not ‘when’” for U.S. Bitcoin spot ETF After a problematic year so far, GBTC has benefitted from steadying Bitcoin price action. Bitcoin’s descent from November’s all-time highs added to an already negative “premium” on GBTC, meaning that its share price, in fact, traded at a discount to the Bitcoin spot price. That discount hit its deepest ever in January …

Asset manager Simplify has filed a registration statement with the United States Securities and Exchange Commission (SEC) to list shares of an exchange-traded fund (ETF) linked to Bitcoin (BTC) futures, Treasury securities, and options. In a Wednesday filing, Simplify applied with the SEC for an investment vehicle based on a Bitcoin futures strategy, an income strategy and an option overlay strategy. The Bitcoin Strategy Risk-Managed Income ETF, to be listed under the ticker MAXI on Nasdaq, is a series of exchange-traded funds from the asset management company. The fund will indirectly invest in BTC using crypto futures and, as part …

Financial regulators have greenlit Australia’s first Bitcoin (BTC) exchange-traded fund (ETF) to begin trading on April 27, and the Australian Financial Review reports it could see up to $1 billion in inflows. An ETF is a regulated exchange-traded fund that allows investors to benefit from the price of Bitcoin without needing to own any coins themselves directly. Cosmos Asset Management beat out local contenders VanEck, BetaShares and EFT Securities to issue Australia’s first Bitcoin ETF. Each firm has been in the running to close out regulatory approvals since at least March, according to the Sydney Morning Herald. The Cosmos Asset …

How many Bitcoin ETFs are there? There are various companies offering Bitcoin ETFs, and each is available on their own respective exchanges. While the only Bitcoin ETFs in existence are Bitcoin futures ETFs, there are quite a few out there in which one can choose to invest. This article previously mentioned the ProShares BITO Bitcoin futures ETF, which currently holds around $1 billion in investments. BITO is listed on the Chicago Mercantile Exchange (CME). Another Bitcoin ETF is the Valkyrie Bitcoin Strategy ETF. Also offering Bitcoin futures ETFs, Valkyrie is listed on Nasdaq with the BTF ticker. Then, we have …

While the United States Securities and Exchange Commission has yet to approve a spot Bitcoin exchange-traded fund, a recent Nasdaq survey suggested that the offering could lead to greater adoption of crypto among financial advisers. According to the results of a Nasdaq survey released on Monday, 72% of 500 financial advisers would be more likely to invest their clients' assets in cryptocurrency should the SEC approve a spot crypto ETF product in the United States. For those already invested in crypto products, 86% of the financial advisers said they planned to increase allocations within a year — roughly half already …

Last week, there was a lot of regulatory talk about crypto-related risks. While this is very common in itself, some angles and proposed solutions to such risks came across as novel. In the United States, the Federal Deposit Insurance Corporation (FDIC) issued a letter to commercial and savings banks under its purview, or all federally chartered banks, asking financial institutions to notify the FDIC about all ongoing and planned crypto-related activities. Apparently, standardized guidance for all banks would not fit the bill since the risks seem to be unique in each case. In Singapore, the local monetary authority became concerned …

Institutional investors rejoice, there is one more way to gain exposure to Bitcoin (BTC). The United States Securities and Exchange Commission (SEC) announced overnight the approval of a fourth Bitcoin futures exchange-traded fund (ETF). Fund group Teucrium is behind the most recently approved Bitcoin Futures ETF. The ETF joins a growing number of approved futures ETFs, complementing ProShares, Valkyrie, and VanEck Bitcoin Futures ETFs. Every Bitcoin spot ETF has been rejected to date, however, for one invested observer, the way in which the approval was made could be a boon for expectant spot investors. The plot thickens on the path …

Bitcoin (BTC) has been struggling to break the $47,000 resistance and even with today’s drop below $44,000 there is still mounting evidence that the market structure is healthy. On Dec. 3, 2021, Bitcoin initiated a 25.6% correction that lasted 18 hours and culminated with a $42,360 low. Four months later, the price remained 18% below the $56,650 closing on Dec. 2, 2021. Much has changed over that period, and hard evidence comes from other sections of the sector. Between February 15 and April 2, 2022, enterprise software development firm, MicroStrategy, announced the acquisition of 4,197 Bitcoin . Inflows to Canadian …