The former chairman of the U.S. Securities and Exchange Commission (SEC) says that the approval of a spot market Bitcoin (BTC) exchange-traded fund (ETF) is bound to happen. In a new interview on CNBC Squawk Box, former SEC Chair Jay Clayton says that the approval of a spot market BTC ETF is inevitable as it’s […]
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Hundreds of millions of dollars worth of crypto assets have been liquidated during the last day as the king crypto dips below the $26,000 level. New data from market intelligence firm Coinglass reveals the extent of the liquidations, the majority of them coming from crypto exchange platforms such as OKX, Binance, and ByBit, which saw […]
The post Over $127,000,000 in Crypto Assets Liquidated in the Past 24 Hours As Bitcoin Plummets Below $26,000 appeared first on The Daily Hodl.
Bloomberg analysts say it’s highly likely a Bitcoin (BTC) exchange-traded fund (ETF) will launch by the end of the year, and a near-guarantee by the end of 2024. According to Bloomberg ETF experts James Seyffart and Eric Balchunas, there’s a 75% chance that a spot market BTC ETF will launch by the end of 2023 […]
The post Bloomberg Experts Say There’s a 75% Chance of Bitcoin ETF Launch This Year, ‘Done Deal’ for 2024 appeared first on The Daily Hodl.
A widely followed crypto analyst says that Bitcoin (BTC) bulls are being overly optimistic that Grayscale’s recent legal win against the U.S. Securities and Exchange Commission (SEC) can spark the next bull market. In a new strategy session, Nicholas Merten, the host of DataDash, tells his 511,000 YouTube subscribers that the king crypto’s lackluster price […]
The post Grayscale’s SEC Victory Being Overhyped by Bitcoin Bulls, Says Nicholas Merten – Here’s Why appeared first on The Daily Hodl.
The U.S. Securities and Exchange Commission (SEC) is opening up the potential creation of ARK Invest’s spot market Bitcoin (BTC) exchange-traded funds (ETFs) to public opinion. In a new document, the regulatory agency is asking the public to submit their “written data, views, and arguments” on a proposed rule change that would allow the Chicago […]
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Billionaire Mike Novogratz is reportedly seeing the bullish potential of Worldcoin (WLD), a privacy-focused, artificial intelligence-based altcoin created by Sam Altman, the chief executive of OpenAI. According to a new report by Bloomberg, the CEO of Galaxy Investment Partners says that he believes Worldcoin, which launched last week, will see its price rise due to […]
The post Billionaire Mike Novogratz Flips Bullish on Worldcoin, Says Bad Idea To Defy Sam Altman’s Crypto Project: Report appeared first on The Daily Hodl.
Bitcoin (BTC) is making its break past the $30,000 price level as traders pile up hundreds of millions of dollars in losses. New data from crypto tracking platform Coinglass reveals that just over $207 million in positions has been liquidated during the last 24 hours, the overwhelming majority coming from shorts. According to Coinglass, $173 […]
The post Bitcoin (BTC) Shatters $30,000 Level As Traders Get Liquidated for Over $207,000,000 appeared first on The Daily Hodl.
Billionaire Mike Novogratz says that BlackRock filing for a Bitcoin (BTC) exchange-traded fund (ETF) is the best thing that could happen to the king crypto. In a new interview on The Claman Countdown, the Galaxy Digital chief executive says that he’s hoping for BlackRock, an investment firm with over $10 trillion in assets under management, […]
The post Billionaire Mike Novogratz Says BlackRock Filing for a Bitcoin ETF Is the Best Thing That Could Happen to BTC appeared first on The Daily Hodl.
Crypto asset manager Grayscale is suing the U.S. Securities and Exchange Commission (SEC) over a rejected bid to convert Grayscale’s Bitcoin (BTC) fund into an exchange-traded fund (ETF). In a recent open letter, Grayscale announced the SEC was “discriminatory” when it rejected its application to convert the Grayscale Bitcoin Trust (GBTC) into a spot market […]
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Three cryptocurrency exchange-traded funds (ETFs) scheduled to launch on the Cboe Australia exchange today were delayed due to “checks” still being undertaken.
The launch of Australia’s first three Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETF) scheduled for today, 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 Ethereum ETF.
It’s unclear why the products are delayed with the Australian Financial Review reporting that a “service provider downstream” — an entity such as a prime broker or major institution with the power to delay listings until it's ready to support the trade of the products — could be to blame for the hold up.
The underlying asset for the Cosmos ETF is a direct investment into the Canadian Purpose Bitcoin ETF, North America’s first Bitcoin exchange-traded fund. The funds issued by 21Shares are backed by Bitcoin and Ethereum reserves held in cold storage by Coinbase.
Toby Chapple, Head of Trading at Australian wealth management firm Zerocap, told Cointelegraph the delay was “not a big deal.” Referring to the Cosmos Bitcoin ETF he added:
“You would think an ETF which invests in another ETF would be easier to handle, but the broker will just be ensuring they have all their ducks lined up before they go live.”
Cici Lu, Managing Partner at crypto asset investment and wealth management firm Apollo Capital also said that it seemed like just a small bump in a long road for the funds:
“While this isn't an ideal start for the ETF's, it will be looked at as only a minor speed bump in an otherwise successful result for the crypto asset industry in Australia.”
He added: “The traditional finance sector is trying to get its head around how to adapt their businesses to a new asset class, it is a journey both crypto and TradFi are on together. ”
Cointelegraph contacted Cboe Australia, Cosmos and 21Shares for more information regarding the delays but did not immediately hear back.
Cosmos Asset Management’s “Cosmos Purpose Bitcoin Access ETF” received approval from the Australian Securities Exchange (ASX) on April 19 to begin trading following a seven-day notice period and was expected to attract around $1 billion after its launch.
The two ETFs issued by 21Shares received approval around the same time, aligning all three funds with the same launch date.
Related: Australian prudential regulator releases roadmap for cryptocurrency policy
21Shares isn’t a stranger to hold ups with its crypto ETF products Earlier in April the United Stated Securities and Exchange Commission (SEC) rejected its Bitcoin ETF which was to list on the US Cboe BZX Exchange saying the exchange didn’t meet requirements for listing a financial product.
