Tag Archives: etf

As the CME’s Volume Gets Pumped, the Bitcoin ETF’s Quirky Structure Could Explain Some of It

As the CME’s Volume Gets Pumped, the Bitcoin ETF’s Quirky Structure Could Explain Some of It

Last week’s launch of the ProShares Bitcoin Strategy ETF (BITO) was a smash hit by any measure. Yet, it may be that at least part of its success could be the result of how the instrument is structured rather than pure demand from buyers hoping for bitcoin exposure. In just a few hours, the futures-focused […]

First Bitcoin ETF Is Already in Danger of Breaching a Limit on Futures Contracts

First Bitcoin ETF Is Already in Danger of Breaching a Limit on Futures Contracts

Just days after launch, the first U.S. Bitcoin futures exchange-traded fund risks becoming too popular for its own good. The Proshares Bitcoin Strategy ETF (ticker BITO) is already on track to breach a limit on the number of futures contracts it is permitted to hold by the Chicago Mercantile Exchange, according to data compiled by Bloomberg. […]

Investing giant Pimco is considering trading cryptocurrencies

Investing giant Pimco is considering trading cryptocurrencies

Pimco, a $2 trillion investment firm, could potentially begin trading spot cryptocurrencies, the firm’s chief investment officer Daniel Ivascyn confirmed to CNBC. The firm, which has engaged with the market via crypto-linked securities, is now looking at “trading certain cryptocurrencies as part of our trend-following strategies or quant-oriented strategies, then doing more work on the fundamental […]

Bitcoin Hits New All-Time High Above $65K on Strength of ETF Debut

Bitcoin Hits New All-Time High Above $65K on Strength of ETF Debut

The latest rally appears fueled by the successful debut on Tuesday of the first U.S. bitcoin futures exchange-traded fund. Bitcoin, the world’s largest cryptocurrency by market capitalization, has hit a new all-time high above $65,000. The crypto broke above its previous high of $64,889 reached in April. Bitcoin is currently changing hands for around $65,607, […]

ProShares Bitcoin Futures ETF to Start NYSE Trading on Tuesday

ProShares Bitcoin Futures ETF to Start NYSE Trading on Tuesday

The SEC gave the go-ahead for bitcoin futures ETFs at the end of last week. ProShares will launch a bitcoin futures exchange-traded fund (ETF) tomorrow, the company confirmed in an SEC filing on Monday. CoinDesk first reported on Friday that the ETF was scheduled to launch this week. The U.S. Securities and Exchange Commission (SEC) greenlighted bitcoin futures ETFs […]

SEC Further Delays WisdomTree Bitcoin ETF Decision

SEC Further Delays WisdomTree Bitcoin ETF Decision

The SEC instituted proceedings on whether to approve the WisdomTree bitcoin ETF application, effectively delaying any firm decision by a few months. The U.S. Securities and Exchange Commission (SEC) pushed a decision on WisdomTree’s bitcoin (BTC, +0.21%) exchange-traded fund (ETF) application to the autumn. In a Tuesday order launching proceedings on whether or not the agency should approve […]

First North American Bitcoin ETF Approved by Canadian Securities Regulator

First North American Bitcoin ETF Approved by Canadian Securities Regulator

The first publicly traded bitcoin exchange-traded fund (ETF) in North America has been given the go-ahead by Canada’s financial regulator. According to a decision document on Thursday, the receipt of approval from the Ontario Securities Commission (OSC) was filed under a Multilateral Instrument passport system in multiple Canadian jurisdictions. Those territories include British Columbia, Alberta, Saskatchewan, Manitoba, […]

Guggenheim Fund Files to Be Able to Invest Up to Almost $500M in Bitcoin Through GBTC

Guggenheim Fund Files to Be Able to Invest Up to Almost $500M in Bitcoin Through GBTC

Guggenheim Funds Trust filed an amendment with the U.S. Securities and Exchange Commission to allow its $5 billion Macro Opportunities Fund gain exposure to bitcoin by investing up to 10% of the fund’s net asset value in the Grayscale Bitcoin Trust (GBTC). According to the amendment: “The Guggenheim Macro Opportunities Fund may seek investment exposure […]

Gold Prices Slump As Pfizer Files For Covid19 Vaccine Approvals, Will Bitcoin [BTC] Follow?

Gold Prices Slump As Pfizer Files For Covid19 Vaccine Approvals, Will Bitcoin [BTC] Follow?

Pfizer Inc. the company which has claimed to develop a vaccine for the novel coronavirus with 95% accuracy revealed that they have passed the final safety tests and found no harmful side effects of the vaccine. They also revealed that they would be filing for an emergency authorization for distribution in the United States after […]

$50 Billion Asset Manager Makes ‘The Investment Case for Bitcoin’

$50 Billion Asset Manager Makes ‘The Investment Case for Bitcoin’

The future is looking bright for Bitcoin, according to ETF and mutual fund manager VanEck. The firm many believe in the best position to first launch a BTC exchange-traded fund explains its positive outlook for the leading cryptocurrency in a new report. The asset management firm defines Bitcoin as having monetary value, rather than intrinsic value. [VanEck] […]