In a landmark decision, the U.S. Securities and Exchange Commission (SEC) has given the green light to the country’s first regulated spot Bitcoin exchange-traded funds (ETFs). The approval, granted just a day after a false announcement briefly sent markets into disarray, marks the end of a challenging decade-long journey for
WisdomTree unlocks Bitcoin exposure within the ETF wrapper in the U.S., in line with the firm’s leadership in “Responsible DeFi” NEW YORK–(BUSINESS WIRE)–WisdomTree, Inc. (NYSE: WT), a global financial innovator, today announced that the WisdomTree Bitcoin Fund (BTCW) was declared effective by the U.S. Securities and Exchange Commission (SEC). The
The first bitcoin spot exchange-traded fund is awaiting approval or rejection from the U.S SEC, and crypto traders are waiting eagerly with high hopes. Valkyrie Investments, one of the issuers, is expecting a decision soon. Valkyrie Investments co-founder and CIO Steven McClurg stated: “We’re expecting the SEC will deem the
Unit bias psychology promotes holding entire units, which might make prospective investors wary of purchasing fractional Bitcoins, says Gabor Gurbacs, an advisor at VanEck. One such answer he proposes is the use of Bitcoin exchange-traded funds (ETFs). Gurbacs said in a series of tweets on Twitter that a lot of
The ex-CEO and co-founder of BitMEX is warning that spot Bitcoin ETFs, should they become too popular, may “completely destroy” Bitcoin. In a recent blog post, Hayes said that Bitcoin’s worth is due to the fact that “it moves.” Spot Bitcoin ETFs, on the other hand, are designed to “vacuum
Many Ethereum ETFs have had their SEC decisions postponed until May 2024. Delays in a decision on the Hashdex Nasdaq Ethereum ETF and the Grayscale Ethereum Futures ETF were announced in several regulatory filings on December 18th by the agency. Although Grayscale’s Ethereum Futures ETF is seen as a “trojan
Not for Dissemination to U.S. Newswire Services or for Dissemination in the United States of America TORONTO–(BUSINESS WIRE)–$CIX #CIFinancial—CI Global Asset Management (“CI GAM”) announces the estimated annual reinvested capital gains distributions (the “Reinvested Distributions”) for the 2023 tax year for the CI ETFs listed below. Please note that these
As 2023 draws to a close, the crypto landscape stands as a testament to unprecedented highs and regulatory battles, with bears holding sway for extended periods. Yet, the resilience of market bulls has been constant, fiercely contending despite their struggle to maintain prolonged momentum. This fleeting strength prompts contemplation among
Ether Futures Exchange Traded Funds (ETFs) by major players like VanEck and Proshares goes live, marking a new era for the cryptocurrency sector and the ETF market as a whole. The SEC has been notoriously slow to approve Bitcoin ETFs, so this news comes as somewhat of a surprise. According
“AETH and BTOP unlock access to the world’s most interesting crypto asset with confidence, through regulated ETFs,” said Bitwise CEO Hunter Horsley. “The two funds continue to expand Bitwise’s leading suite of crypto products, providing investors with a wide set of options for accessing opportunities in the space.” SAN FRANCISCO–(BUSINESS
