South Korea Bans Bitcoin Spot and Futures ETFs – Here’s Why
South Korea’s FSS prohibits Bitcoin ETFs and investments in firms like Coinbase, citing outdated regulations that stifle market growth. Bitcoin spot and futures ETFs remain unavailable in South Korea as financial authorities uphold strict regulatory controls over cryptocurrency-related investment products. The Financial Supervisory Service (FSS) has also prohibited ETFs investing in companies linked to virtual assets, […]
Samsung considers launching spot-Bitcoin ETF
Following the recent successful launch of a Bitcoin Futures ETF, Samsung Investment arm is considering launching a spot-Bitcoin ETF in Hong Kong. Samsung Asset Management has said it is thinking about launching a spot Bitcoin exchange-traded fund (ETF) on the city’s market if laws allow it, after the success of its Bitcoin futures exchange-traded fund […]
Cryptocurrency futures trading and how it works
Cryptocurrency futures shield investors from volatile markets and guarantee they can trade a specific crypto at a predetermined price. On December 10, 2017, the Cboe Global Markets (Cboe) became the first American exchange to trade cryptocurrency futures contracts, but it shortly stopped doing so. The Chicago Mercantile Exchange (CME) quickly followed up with futures contracts […]
SEC Approves Valkyrie Bitcoin Futures ETF
SEC approved Teucrium’s Bitcoin futures exchange-traded fund (ETF) in April, making it the first of its kind to be approved under the ’33 Act. The Securities and Exchange Commission (SEC) of the United States has approved Valkyrie’s futures exchange-traded fund (ETF) application. This is another ETF that has been approved by the SEC, which has […]
Ark Invest’s founder did not invest in the first Bitcoin Futures ETF
Ark Invest founder and CEO Cathie Wood passed on buying the first Bitcoin futures ETF citing an investigation into tax ramifications as one of Ark Invest’s reasons for withholding for now. According to Business Insider, Ark Invest founder and CEO Cathie Wood did not invest in the ProShares Bitcoin Strategy Exchange Traded Fund, or ETF, […]