Coinbase users can now borrow up to $1M
Coinbase said on November 3 that select users will be able to borrow up to $1 million from the exchange. Is it possible that cryptocurrency exchanges will become the new banks and money lenders? The SEC issued a Wells Notice to Coinbase when the company attempted to launch its high-interest crypto “Lend” product. Without much […]
SEC Postpones Decision Deadline for Valkyrie Bitcoin ETF to 2022
The Securities and Exchange Commission (SEC) has pushed out the decision date for the planned Valkyrie Bitcoin Fund to January 7, 2022. The SEC stated in a statement that it “finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has […]
Report shows SEC will not allow leveraged Bitcoin ETFs
As stated in the Wall Street Journal, the SEC has instructed at least one asset manager not to proceed with preparations for a leveraged Bitcoin ETF. According to a report, the US Securities and Exchange Commission (SEC) would not allow leveraged Bitcoin Exchange-Traded Funds (ETFs). An exchange-traded fund is a type of financial product that monitors […]
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 […]
Bitcoin futures ETF may be delayed until 2022 – CFRA research firm
CFRA analyst Todd Rosenbluth believes a Bitcoin futures ETF will likely be approved in the US but regulatory uncertainty could be the cause for yet more delays in the process. According to Todd Rosenbluth, senior director of ETF and mutual fund research at CFRA, crypto-asset investors may have to wait longer for a Bitcoin futures […]