New data reveals that one of the biggest banks in the world is acquiring shares of asset manager BlackRock’s spot market Bitcoin (BTC) exchange-traded fund (ETF). In a new filing with the U.S. Securities and Exchange Commission (SEC), France-based BNB Paribas – the ninth-largest bank in the world – purchased 1,030 shares of the iShares […]
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The approval of spot market Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) could reportedly happen in Hong Kong as early as next week According to a new report by Bloomberg, anonymous people familiar with the matter say that two companies – Chinese asset manager Harvest Fund Management as well as a partnership between Bosera […]
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Digital assets manager CoinShares says institutions resumed investing in crypto products last week after a brief break. In its latest Digital Asset Fund Flows report, CoinShares says digital asset investment products brought in $862 million in inflows last week, nearly erasing the prior week’s $931 million outflows. “While this recovery is encouraging, ETF (exchange-traded fund) activity […]
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Bitwise Asset Management has filed with the U.S. Securities and Exchange Commission (SEC) for a spot ethereum exchange-traded fund (ETF), a move aimed at providing investors with regulated exposure to ether without direct ownership of the cryptocurrency. Bitwise Aims for SEC Approval With Spot Ethereum ETF, Backed by Correlation Data Bitwise’s proposed ETF, conducted in […]
Grayscale’s chief legal officer still believes the U.S. Securities and Exchange Commission (SEC) could greenlight spot Ethereum (ETH) exchange-traded funds (ETFs). Craig Salm says the Ethereum ETFs “should be approved” and notes that he’s not deterred by the negative chatter surrounding the proposed financial products. He also says the SEC’s perceived lack of engagement on […]
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Coinbase founder and CEO Brian Armstrong is saying that Ethereum (ETH) is a commodity under US federal law just like Bitcoin (BTC). The classification is an important one as the U.S. Securities and Exchange Commission (SEC) is considering several applications to launch ETH exchange-traded funds (ETFs). The SEC approved ETFs for Bitcoin earlier this year. […]
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On March 18, the financial behemoth Fidelity Investments updated its application for a spot ethereum exchange-traded fund (ETF) to encompass staking capabilities. The firm, Fidelity, has made it known that the sponsor might “from time to time” opt to “stake a portion of the fund’s assets through one or more trusted staking providers.” Fidelity Updates […]
Coinbase executives are meeting with the U.S. Securities and Exchange Commission (SEC) to support the approval of a spot market Ethereum (ETH) exchange-traded fund (ETF). A new memorandum reveals that Coinbase executives met with the SEC earlier this week to sway the regulatory agency into greenlighting crypto asset manager Grayscale’s application for an Ethereum ETF […]
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Asset management giant BlackRock is planning on including spot market Bitcoin (BTC) exchange-traded fund (ETF) exposure in its proposed in-house investment fund. BlackRock recently submitted a prospectus to the U.S. Securities and Exchange Commission (SEC) related to its proposed “Strategic Income Opportunities Portfolio,” a fund that will invest in high-yield securities, international securities, emerging markets […]
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The chief executive of crypto investment firm Grayscale says that repressed demand for Bitcoin (BTC) is driving up its price after BTC exchange-traded funds (ETFs) were approved in January. In a new interview with CNBC Television, Grayscale CEO Michael Sonnenshein says demand that had been kept in check before the approval of the BTC ETFs […]
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