The world’s largest BTC fund, Grayscale is baking on SEC approval for a spot Bitcoin ETF instead of the recently launched futures ETFs.
BTCR comes on the heels of the NYSE Arca-listed Bitcoin futures ETF launched by investment company ProShares last week.
American regulators, including the SEC and Commodity Futures Trading Commission (CFTC), are now more open-minded to ETF products, particularly those tracking futures prices.
The SEC seemingly has no appetite for non-regular ETF filings and may have struck down filings from Valkyrie and Direxion.
The leveraged Bitcoin ETF will deliver 1.25x returns to the BTC reference rate and will trade on Nasdaq allowing investors to hold derivatives such as futures, swaps, options and forwards.
Global oil prices recorded gains and might increase more as conditions such as COVID recovery and demand favor price growth.
Valkyrie has announced the launch of its Bitcoin Strategy ETF (BTF), becoming the second of its type in the US. The Bitcoin futures ETF began trading on the 22nd of October after receiving approval from the US Securities and Exchange Commission (SEC). The new ETF is focused on tracking the value of Chicago Mercantile Exchange (CME) Bitcoin […]
The ProShares ETF fund also broke another record for the highest-ever first day of organic volume which hit $1 billion on October 19, the day it went live.
Valkyrie’s Bitcoin ETF is set to follow the explosive success of Proshares Bitcoin ETF, which is being traded under the ticker name BITO.
The ProShares Bitcoin Futures ETF product tracks the speculations on the future price of the digital currency, which may make the product behave differently from the real BTC asset.
Digital asset manager Grayscale wants to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF. The company said it has 14 other investment products that it is willing to convert into a Bitcoin ETF.
Post the launch of ProShares Bitcoin Strategy ETF, BTC price has been flirting around $64,000.
The ProShares Bitcoin ETF becomes the second-most heavily traded fund with BITO surging 5% on debut and registering a record turnover of $1 billion on Day 1.
Neither the ProShares Bitcoin Strategy ETF nor the Valkyrie Bitcoin Strategy ETF will hold actual BTC.
Fund manager ProShares has reportedly received permission from the SEC to launch a US-based Bitcoin futures ETF tomorrow.