Tag Archives: ETF

Crypto Tidbits: Meet JP Morgan Coin, SEC Drops Bitcoin ETF Application

Crypto Tidbits: Meet JP Morgan Coin, SEC Drops Bitcoin ETF Application

After last week’s price action, the crypto market quieted down. Bitcoin entered a lull, while altcoins followed close behind. Yet, the wheels of the crypto train have continued to spin. Twitter CEO Jack Dorsey revealed that his fintech upstart would eventually integrate Bitcoin’s Lightning Network, JP Morgan launched its own digital asset on a private Ethereum-based chain, a Filipino banking giant launched crypto ATMs, and Chainalysis secured millions amid this market rut. Crypto Tidbits Reality Shares Files Semi Bitcoin ETF, SEC Requests Application Withdrawal: Reality Shares, a […]

Read More...

SEC Taking Time to Approve Bitcoin ETF Makes “Perfect Sense”, Was the Same For Gold: Bitwise

SEC Taking Time to Approve Bitcoin ETF Makes "Perfect Sense", Was the Same For Gold: Bitwise

2,500 of the world’s foremost investment professional descended on Hollywood this week to talk exchange-traded funds (ETFs). While much of the discussion between the who’s who on Wall Street was centered around traditional vehicles, talk surrounding Bitcoin (BTC)  and cryptocurrency products came to light. In an interview with CNBC’s Bob Pisani, a leading representative of the cryptocurrency space expressed optimism towards the launch of a product, which could thaw BTC out of a price crash-induced cold snap. Related Reading: Bitcoin ETF Approval Could Ease EU Regulators Concerns […]

Read More...

Researcher: Bitcoin Lightning On Square Could Be Bigger Than Crypto ETF, Bakkt Combined

Researcher: Bitcoin Lightning On Square Could Be Bigger Than Crypto ETF, Bakkt Combined

Although many industry insiders talk a big game about the real world viability of Bitcoin, as it stands the cryptocurrency has seen little adoption. In fact, it has been anecdotally said that the number of brick and mortar merchants accepting BTC has plummeted, not risen over the past years. Yet, this could change soon, as one of the most popular mobile applications in the U.S. was revealed to be slated to double-down on its in-house Bitcoin offering. Some have even argued that the integration could single-handedly propel […]

Read More...

Wall Street Crypto Advocate Says Bitcoin ETF Is A Matter Of When: What’s Behind the Confidence?

Wall Street Crypto Advocate Says Bitcoin ETF Is A Matter Of When: What's Behind the Confidence?

All eyes may be on the QuadrigaCX imbroglio, but talk regarding the implications that a Bitcoin exchange-traded fund (ETF) could propose have continued. This isn’t without reason. Since the Winklevoss Twins effectively started the race for a publicly-traded crypto fund, deemed a “paradigm-shifting” product by post, the subject matter has plagued the front pages of crypto’s media outlets. Anecdotally, it has been said that the launch of such an investment opportunity could be the rocket booster that could take this industry to the proverbial ‘moon’. While discussions […]

Read More...

SEC Commissioner Asks Gov’t to Amend Regulation For Bitcoin ETF, ICOs

SEC Commissioner Asks Gov't to Amend Regulation For Bitcoin ETF, ICOs

Whether or not financial innovations like Bitcoin could fit inside the parameters of old-school laws became the central point of Hester Pierce’s recent keynote. The U.S. Securities and Exchange Commission (SEC) Commissioner, while speaking at the University of Missouri School of Law, recognized that blockchain-based decentralized networks do not fit “neatly” within their securities framework. Therefore, it is important for policymakers and regulators to amend the existing federal laws to include new technological protocols. “Yet,” Pierce added, “many of these projects begin in a centralized manner that […]

Read More...

ETF, Lightning, and Halving Drive Recent Bitcoin Rally

ETF, Lightning, and Halving Drive Recent Bitcoin Rally

After taking a brutal beating throughout much of 2019 thus far, Bitcoin made its largest green one-day candle of the year this past week, providing the market with a much needed relief rally.  Bitcoin’s price rose on Friday over $350 before bouncing off overhead resistance in the cryptocurrency’s current trading range. CEO of independent financial consultancy firm deVere Group Nigel Green says that the move might be the start of a “considerable Bitcoin surge” stemming from one of three main factors behind this recent rally, but that […]

Read More...

New ETF Proposal Allocates 15% of Its Portfolio to Bitcoin Futures

New ETF Proposal Allocates 15% of Its Portfolio to Bitcoin Futures

A newly proposed exchange-traded fund plans to allocate 25% of its entire portfolio to bitcoin futures. Bitcoin ETF on NYSE Arca Realty Shares ETF Trust, a subsidiary of US-based asset manager Blockforce Capital, filed a registration form with the Securities and Exchange Commission on Monday to list its “Reality Shares Blockforce Global Currency Strategy ETF” on NYSE Arca. According to the application, the Fund would invest in sovereign debt instruments, money market mutual funds or other cash equivalents, and cash-settled bitcoin futures contracts. “The Fund expects to […]

Read More...

Crypto Tidbits: VanEck Refiles Bitcoin ETF, Wall Street Giant To Launch Custody

Crypto Tidbits: VanEck Refiles Bitcoin ETF, Wall Street Giant To Launch Custody

Contrary to cynical sentiment touted by skeptics of Bitcoin, crypto isn’t dead in the water. As Mike Novogratz, the founder of leading crypto-centric merchant bank Galaxy Digital, “[there’s] tons of activity under the hood.” Over the past week, VanEck & its fellow hopefuls refiled their Bitcoin exchange-traded fund (ETF) application, while Binance and Fidelity made notable announcements that could eventually drive the adoption of blockchain technologies. Yet, there have been a few shortcomings too. Crypto Tidbits VanEck, CBOE, SolidX Refile Bitcoin ETF Application: On Thursday, reports arose […]

Read More...

VanEck & Bitcoin ETF Hopefuls Refile Application To U.S. SEC

VanEck & Bitcoin ETF Hopefuls Refile Application To U.S. SEC

Although the crypto market’s year-long downturn has yet to reverse, this nascent ecosystem saw a fundamentally positive, likely bullish (price-wise) announcement on Thursday, as a financial services provider refiled a Bitcoin exchange-traded fund (ETF) application to the U.S. Securities and Exchange Commission (SEC). Leading Bitcoin ETF Application Refiled Per previous reports from NewsBTC, a mere week ago, VanEck, CBOE, and SolidX Partners suddenly pulled their collaborative Bitcoin ETF application. While little was known initially, Jan Van Eck, the incumbent chief executive at the firm that shares his surname, […]

Read More...

What Makes Bitcoin ETF Delay a Good News for Crypto Industry

What Makes Bitcoin ETF Delay a Good News for Crypto Industry

Bitcoin fell by more than 80% in the past twelve months. The overly impressive bull run of 2017, which led the digital currency value to the peak of $20,000, followed a whole bearish year whereby the price crashed to lows near $3,000. Lack of institutional investors and strict regulations, analysts believed, was one of the primary reasons behind the bitcoin crash. No ETF in Q1 2019 Bulls hoped 2019 to be a year of bitcoin correction when some of the biggest financial companies announced products for its […]

Read More...
1 2