Grayscale CEO stated that the crypto market will expand as more investors continue looking for innovative areas to invest in.
With the Bitcoin futures initiative, Acorns is implementing its philosophy of diversification as well as applying principles of long-term investing.
The SEC has unsurprisingly extended its deadline on a decision to approve or disapprove two more spot Bitcoin ETF applications.
In the filing Goldman Sachs says that it will offer clients exposure to the Galaxy Digital Ethereum fund and in turn shall receive an introductory fee.
Crypto ETFs are financial tools for tracking specific asset values while allowing investors to diversify their portfolios absent token ownership. With this development, South Korea could become the latest country that has welcomed a crypto ETF into its jurisdiction.
The Hashdex DeFi ETF will trade on Brazil’s B3 stock exchange and will track the CF DeFi Modified Composite Index. The index features some of the top DeFi tokens such as Compound (COMP), Uniswap (UNI), Aaave (AAVE), Maker (MKR), and others.
With the metaverse EFTs making waves in South Korea, an increase in revenue is inevitable. Local and foreign Investors make about 70% of revenue in South Korea.
Valkyrie Investments’ ETF will focus on firms that employ at least 77% renewable energy.
The Bloomberg Future of Finance Index involves companies from diverse sectors like financial foundations, technology solutions, and digital asset infrastructure.
Speaking on this new delay, Blockchain Association official Jake Chervinsky said that the SEC has a new deadline on August 14.
While the firm is all about pushing for the launch of a Bitcoin ETF, it is also investing in the public in advance to gain a good grasp of the technology backing digital currencies.
In addition to the Metaverse ETF, the financial services giant also filed for Fidelity Crypto Industry and Digital Payments ETF.
Citing reasons of safety and market volatility, the spot ETFs have not been welcomed by the SEC but are likely to become a reality soon.
The US SEC is a very cautious regulatory body, one which seems to be lagging behind other developed country’s regulators with respect to the approval of a spot Bitcoin ETF product.
Upon approval from the SEC, the ARK 21Shares Bitcoin ETF will list on the Cboe BZX Exchange.