Spot Bitcoin ETF Will Pave Way for Institutional Investment: CBOE
Spot Bitcoin exchange-traded funds (ETFs) will attract new institutional investors, according to the Chicago Board Options Exchange (CBOE ), the largest options exchange in the United States. John Palmer, president of CBOE Digital, stated in a Bloomberg TV interview on January 2 that approval would pave the way for a subsequent surge of institutional and […]
Bitcoin Price Exceeds $45K for First Time in Almost 2 Years
In anticipation of a potential Spot Bitcoin exchange-traded fund (ETF), Bitcoin price has surpassed $45,000 for the first time since April 2022. As of January 1, Bitcoin was trading at $42,000, a significant increase of over 6% in the last twenty-four hours and 170% over the previous year, according to data from CoinMarketCap. Bitcoin has […]
Asset Manager BlackRock Receives $100K Seed Fund for Spot Bitcoin ETF
Asset manager BlackRock disclosed in its most recent filing with the US SEC that in October 2023, it obtained $100,000 in initial funding from an unidentified investor to support its spot Bitcoin exchange-traded fund (ETF). The agreement stipulated that the investor would acquire 4,000 shares of the Seed Creation Baskets on October 27, 2023, for […]
Monochrome, Vasco File for Spot Bitcoin ETF
Monochrome Asset Management Pty Ltd and Vasco Trustees Ltd have submitted an updated spot Bitcoin ETF registration to the Australian Securities Exchange (ASX) under the country’s new regulatory framework. The Australian Securities Exchange (ASX) has received an updated application for the Monochrome Bitcoin ETF (IBTC), according to an announcement issued by Monochrome Asset Management on […]
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 […]