Tag Archives: ETF

CBOE May Have Withdrawn Bitcoin ETF Filing to Avoid Automatic Rejection

CBOE May Have Withdrawn Bitcoin ETF Filing to Avoid Automatic Rejection

The advent of a U.S.-based, fully-regulated Bitcoin (BTC) exchange-traded fund (ETF) has long been a hope for crypto’s most fervent dreamers. Yet, these dreams, deemed quixotic by most, was quashed on Wednesday, as reports arose that the foremost cryptocurrency ETF application was withdrawn from the care of the (partially-defunct) U.S. Securities and Exchange Commission (SEC). Related Reading: 58% of US Investors Would Invest in Bitcoin via ETF: Major Hedge Fund CBOE Pulls Out Of VanEck Bitcoin ETF Deal On Wednesday afternoon, the SEC released one of the most […]

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58% of US Investors Would Invest in Bitcoin via ETF: Major Hedge Fund

58% of US Investors Would Invest in Bitcoin via ETF: Major Hedge Fund

58% of American investors would prefer to invest in Bitcoin via an exchange-traded fund (ETF), a formal survey found. Conducted by Bitwise Asset Management, a San Francisco-based crypto hedge fund, the survey saw participation from 150 financial advisors in the US market. When asked what would make them allocate Bitcoin in their client portfolios, 54% of them said “better regulations” and 35% said “the launch of an ETF.” Investors Looking for Easy Access to Bitcoin Bitcoin’s value dropped by three-quarters in 2018. The retail investors that fueled […]

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BTC Stable Around $3,600, Bitcoin ETF Withdraw Barely Impacts Markets

BTC Stable Around $3,600, Bitcoin ETF Withdraw Barely Impacts Markets

Bitcoin (BTC) has had a relatively volatile week within a tight trading range between approximately $3,500 and $3,650. Yesterday, news broke that Cboe was withdrawing the highly-anticipated VanEck/SolidX Bitcoin ETF application due to the ongoing US government shutdown, which has barely impacted the markets. Bitcoin’s ability to maintain around $3,600 signals that investors were not expecting the application to be approved in late-February, which could be a bullish sign for the current state of the markets. Bitcoin Stable Around $3,600, Could $3,500 be a Long-Term Bottom? At […]

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Crypto Tidbits: Bitcoin Bull Raising $250M, Binance Launches OTC, ETF Pulled

Crypto Tidbits: Billionaire Raising $250M For Crypto Firms, Binance Launches OTC

The crypto market may be in the midst of a mundane, multi-month lull, but the Bitcoin news cycle has begun to pick up steam. Save for the withdrawal of VanEck’s Bitcoin exchange-traded fund (ETF) application, this sector’s upstarts made strong fundamental steps forward. A former Wall Street investor began his search for $250 million for a cryptocurrency fund, while Coinbase and Binance pushed new offerings. Moreover, rumor has it that two monumental, potentially paradigm-shifting crypto-centric business deals are slated to finalize in coming weeks and months. Crypto Tidbits […]

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Crypto Analysts: Bitcoin Strong After ETF Mishap Is Sign Of Bottom

Crypto Analysts: Bitcoin Strong After ETF Mishap Is Sign Of Bottom

Crypto’s worst nightmares came to life on Wednesday, as the U.S. Securities and Exchange Commission (SEC) revealed that the long-awaited Bitcoin (BTC) exchange-traded fund (ETF) from VanEck had lost steam. Interestingly, however, the value of cryptocurrencies barely budged. This simple bout of nonaction sparked a newfound influx of bullish sentiment, in spite of the ostensibly bearish news. Related Reading: 58% of US Investors Would Invest in Bitcoin via ETF: Major Hedge Fund VanEck: U.S. Shutdown Curbed Bitcoin Discussions With SEC As reported by NewsBTC previously, the American entity claimed […]

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No One Needs A Bitcoin ETF & Bakkt, BTC Already Is Money: Crypto Investor

Investors in Davos Separate Bitcoin and Blockchain, Claim BTC Will go to Zero

Since Bitcoin (BTC) came into being, the asset’ and blockchain network’s narrative has been misconstrued time and time again. Hot on the heels of another investor’s comment that Bitcoin isn’t digital cash, but rather, an up-and-coming global reserve asset, one commentator claims that BTC “already is” money. Related Reading: Edward Snowden Bullish On Crypto: Blockchain Money Makes Sense Bitcoin Is Digital Money, No ETFs Or Bakkt Needed Jason Smith, an impassioned crypto believer, recently took to Twitter to convey five underlying noticings that came to mind during his […]

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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 […]

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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, […]

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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 […]

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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 […]

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