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 […]