Registrations for DeFi and physically-backed Bitcoin ETF are being submitted to the SEC
The Securities and Exchange Commission (SEC) has received two registration statements from crypto businesses requesting approval to market exchange-traded funds (ETF) related to Bitcoin (BTC) and decentralized financing (DeFi). Invesco, an Atlanta-based investment firm, teamed up with Galaxy Digital Funds in New York to file and register the Invesco Galaxy Bitcoin ETF, a trust with […]
Bloomberg commodity strategist predicts Bitcoin ETF approval in the US next month
Mike McGlone, a Bloomberg Intelligence commodity strategist, expects the US Securities and Exchange Commission (SEC) will approve the country’s first Bitcoin ETF next month. McGlone claimed that Canada is increasing a competitive edge over the US after licensing Bitcoin ETFs from 3iQ and Coinshares in April in an interview with Stansberry Investor host Daniela Cambone […]
Fidelity Investments seeks approval for its Bitcoin ETF from the SEC
Fidelity Investments, a global financial services corporation, has asked the Securities and Exchange Commission to approve its Bitcoin exchange-traded fund (ETF) in a private meeting. On September 8, Fidelity Digital Assets President Tom Jessop, six of the firm’s executives, and numerous SEC officials met in private. The finance professionals outlined a number of reasons why […]
Wilshire Phoenix co-founder considers Bitcoin ETF not feasible in 2021
According to the co-founder of Wilshire Phoenix, the United States SEC may not approve a Bitcoin ETF this year, although he sees 2022 and 2023 as a possible time. William Cai, the co-founder of investment firm Wilshire Phoenix, is the latest to question if a Bitcoin (BTC) exchange-traded fund (ETF) would be approved in the […]
Bitcoin is few points away from being an ETF in the US – Grayscale’s CEO
Grayscale CEO, Michael Sonnenshein is optimistic about Bitcoin ETF’s future in the US. He has commented saying that Bitcoin is just a “couple of points of maturation” away from getting an approved ETF in the U.S Only a “few maturity points” separate the United States from its first Bitcoin (BTC) exchange-traded fund , according to the CEO […]