BetaShares crypto company ETF breaks Australian records on opening day
Within the first 15 minutes of its debut on the Australian Securities Exchange (ASX), BetaShares’ new crypto firm ETF smashed records. Investors can receive exposure to 50 pure-play listed crypto enterprises from around the world, including exchanges, mining companies , and equipment companies, through the Capital Appreciation Portfolio Diversification (CRYP) fund. Galaxy Digital (12.0 %), […]
Australia is likely to approve a Bitcoin ETF
According to CoinDesk, Australian regulators are likely to allow ETPs based on Bitcoin and Ethereum in the near future, including ETFs. The Australian Securities and Investment Commission (ASIC) stated on Friday that Bitcoin and Ethereum are likely to be legally suitable as a basis for ETPs if all of the necessary criteria are met. ASIC […]
VanEck will likely launch its Bitcoin Strategy ETF next week
The Securities and Exchange Commission, or SEC, is anticipated to approve asset management VanEck’s Bitcoin Strategy exchange-traded fund (ETF) on Monday, with trading to begin on Tuesday, the asset manager could be the first to follow ProShares. VanEck said in a filing with the Securities and Exchange Commissio n on Wednesday that the public offering […]
Grayscale plans to convert its Bitcoin trust into physically-backed ETF
Grayscale, a major institutional investor, is allegedly considering making its Bitcoin Trust a physically settled exchange-traded fund (ETF), this development comes after the SEC approved a Bitcoin futures ETF. Grayscale’s parent business Digital Currency Group’s CEO , Barry Silbert, revealed on Oct. 17 that Grayscale is planning to convert its Bitcoin Trust into a spot-settled […]
BetaShares sets to launch ETF to track indexes of crypto firms
The new BetaShares ETF will track the crypto indexes of firms such as Coinbase, Riot blockchain and MicroStrategy, the fund will trade on ASX and aims to provide a level of crypto exposure to institutional investors. BetaShares is on the verge of launching a new crypto-focused exchange-traded fund (ETF), six months after filing an application […]