BTC Breaks $47,000, VanEck Seeds Bitcoin ETF With $72 Million
At the forefront is the investment firm VanEck, which, as disclosed in its amended S-1 form, has taken decisive action by establishing its potential spot Bitcoin ETF with an initial investment of $72.5 million. On Monday, Bitcoin (BTC), the largest cryptocurrency in the world, surpassed $47,000 as issuers including BlackRock, Fidelity, and others filed updated paperwork with […]
DTCC Lists Tickers for WisdomTree, VanEck Spot Bitcoin ETFs
Amid anticipation of US SEC approval, the WisdomTree and VanEck ETFs have been listed on the Depository Trust & Clearing Corporation (DTCC). The spot Bitcoin ETF applications have generated significant anticipation, with the Depository Trust & Clearing Corporation (DTCC) listing the ETFs of two of the eleven applicants, WisdomTree and VanEck, in advance of the […]
Fidelity Files SEC Registration for Bitcoin ETF
The company has registered its Fidelity Wise Origin Bitcoin Fund with the U.S. Securities and Exchange Commission (SEC) by filing Form 8-A, claiming over $4.5 trillion assets. With this filing, Fidelity is taking a step toward becoming a publicly traded company , and it also signifies a wider acceptance of digital assets in conventional investing […]
Grayscale Files Amended Bitcoin ETF Application
Digital asset fund manager Grayscale has filed an amended application to convert its GBTC product into an ETF. Grayscale Investments changed the name of its Grayscale Bitcoin Trust (GBTC) product to a spot Bitcoin exchange-traded fund (ETF) by submitting an updated S-3 Form to the SEC. ETF specialist James Seyffart claims this is Grayscale’s third […]
YieldMax Launches New ETF Based on MicroStrategy’s Bitcoin Exposure
YieldMax, a company specializing in exchange-traded funds, has filed for a new ETF that focuses on derivatives of MicroStrategy, a company with massive Bitcoin holdings. The ETF aims to provide monthly income to investors with a balanced risk strategy. The ETF, named Option Income Strategy ETF and set to debut in 2024, will trade under […]