Grayscale Adopts Cash Creation Model for Bitcoin ETF Bid
Grayscale, the largest crypto asset manager, has amended its filing to convert its Bitcoin trust into a spot ETF, opting for a cash creation model. The move comes as its parent company’s CEO steps down amid an SEC probe. Grayscale has made two significant moves in its quest to launch a spot Bitcoin ETF in […]
PawZone Founder Bullish on SHIB and PAW as Bitcoin ETF Looms
The founder of PawZone, an NFT marketplace, has expressed his optimism for Shiba Inu (SHIB) and PawZone (PAW) tokens as the crypto market awaits the SEC’s approval of a spot Bitcoin ETF. Shiba Inu (SHIB) and PawZone (PAW) are two tokens that have gained popularity among the crypto community, especially among the fans of meme coins […]
BlackRock, SEC Engage in Fourth Round of Talks Over Bitcoin ETF
BlackRock and the SEC convene for a fourth meeting on the Spot Bitcoin ETF, sparking excitement as a decision looms. Unlike past sessions, there were no presentations, according to Bloomberg Intelligence analyst James Seyffart. Seyffart informs the community in a follow-up discussion on X that Hashdex, a different company in the battle for a spot […]
Fidelity Lists FBTC Spot Bitcoin ETF on DTCC
Fidelity Investments achieved a milestone by listing its spot Bitcoin ETF, FBTC, on the Depository Trust and Clearing Corporation (DTCC). The clearinghouse for transactions, DTCC, listed the spot Bitcoin ETF. NASDAQ offers post-trade clearing, settlement, custody, and information services for stocks, ETFs, and other products. According to Bloomberg Intelligence analyst Eric Balchunas on X (previously […]
YieldMax Launches New ETF Based on MicroStrategy’s Bitcoin Exposure
YieldMax, a company specializing in exchange-traded funds, has filed for a new ETF that focuses on derivatives of MicroStrategy, a company with massive Bitcoin holdings. The ETF aims to provide monthly income to investors with a balanced risk strategy. The ETF, named Option Income Strategy ETF and set to debut in 2024, will trade under […]