Grayscale Battles SEC Over Bitcoin ETF
Grayscale CEO emphatically stated that all options are on the table as the company put all its resources into the conversion of its Bitcoin ETF. This legal move comes in preparation to contest the SEC decision if it rejects Grayscale’s Bitcoin trust. Grayscale CEO Michael Sonnenshein said the company is preparing for a legal battle […]
ProShares launches its Bitcoin ETF on NYSE
The first Bitcoin (BTC) futures-linked exchange-traded fund (ETF) to trade on the New York Stock Exchange began trading at a price of $40 per share. Following the news, the price of Bitcoin rose to a five-month high of $63,293. ProShares’ Bitcoin Strategy ETF, the first exchange-traded fund to give U.S. investors direct exposure to cryptocurrency […]
ProShares will start trading its Bitcoin ETF on NYSE on Oct. 19
ProShares’ Bitcoin Strategy ETF, the first Bitcoin (BTC) futures-linked exchange-traded fund in the United States, will begin trading on the New York Stock Exchange on Tuesday under the ticker BITO. Following several years of effort to publish a bitcoin ETF on an exchange, ProShares CEO Michael Sapir stated the debut marks a significant milestone for […]
Cathie Wood’s Ark Invest Becomes Latest Bitcoin ETF Applicant
When it comes to being a Bitcoin bull, Cathie Wood of Ark Invests goes all out. Ark Invest has applied for a Bitcoin ETF that tracks BTC futures, according to a recent SEC filing. The SEC has expressed interest in approving such a derivative product rather than directly tracking the underlying asset, which is actual […]
Gensler’s ‘simple’ ticket to a ‘victory’ may be a futures-based Bitcoin ETF
Gensler’s ‘simple’ ticket to a ‘victory’ may be a futures-based Bitcoin ETF. The Securities and Exchange Commission of the United States just authorised Volt Crypto’s ETF, and crypto fans are ecstatic. However, this is the closest approach to an ETF that has been approved by the Securities and Exchange Commission. And by doing so, the […]