The SEC once again refuses a Spot Bitcoin ETF
Although saying yes to futures-based ETF, the Securities and Exchange Commission (SEC) has maintained its stance on Spot Bitcoin ETF (exchange-traded fund) which is clearly NO. Representative Tom Emmer of Minnesota shared a letter from US Securities and Exchange Commission Chairman Gary Gensler on Twitter, in which the latter explains why the SEC has refused […]
SEC charges BlockFi with a $100 million fine for failure to comply with regulatory law
The SEC has charged crypto lending business BlockFi with a $100M penalty for failing to register high-yield interest accounts that the agency considers securities. The penalty also requires the business to stop onboarding new customers to its unregistered service, BlockFi Interest Accounts. The Securities and Exchange Commission, or SEC, took action against crypto lending business […]
Fidelity seeks approval for a Metaverse-based ETF from the SEC
Proshares had earlier filed for a metaverse based ETF last year now Fidelity seeks SEC approval for its own Metaverse ETF which it says will track companies developing and selling products for the metaverse. Fidelity Investments has applied for a Metaverse ETF , which will track public businesses with exposure to the blockchain-based network of […]
Minnesota Congressman Criticizes SEC for Rejecting Fidelity’s Bitcoin ETF
Following recent rejection of Fidelity’s Spot Bitcoin ETF application by SEC, Minnesota Congressman Tom Emmer slams SEC. Minnesota Representative Tom Emmer has chastised the Securities and Exchange Commission for rejecting Fidelity’s Wise Origin Bitcoin Trust’s proposal for a spot Bitcoin exchange-traded fund, which was originally filed in March. Another day, another baseless rejection of a […]
Valkyrie applies to the SEC to list its Bitcoin Miners ETF on Nasdaq
According to Valkyrie, the Bitcoin Miners ETF will have a 0.75% management fee and will invest in both domestic and international companies. Valkyrie, a crypto asset management, has applied to the Securities and Exchange Commission (SEC) in the United States to establish an exchange-traded fund (ETF) that invests in bitcoin mining firms on Nasdaq. According […]