Bitcoin ETF

First Mover Asia: Bitcoin Drifts Lower After Taproot Upgrade; Ether Drops

Good morning, Here’s what’s happening this morning: Market Moves: Bitcoin’s highly anticipated Taproot upgrade fails to produce any noticeable price pop. Technician’s take: Short-term upside appears to be limited given the loss of positive momentum. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. Prices Bitcoin (BTC): $64,514 +0.4% Ether (ETH): $4,562 -1.7% Market moves Bitcoin was trading flat after Taproot, the blockchain’s biggest network upgrade in four years, went live. The upgrade, which took effect at 5:15 coordinated universal time (1:15 a.m.

Bitwise withdraws its application for a bitcoin futures ETF.

Cryptocurrency firm Bitwise has withdrawn its bitcoin futures ETF application, according to Bitwise CIO Matt Hougan, who announced on Twitter. However, the spot filing remains in play and competes with several other applications for the United States Securities and Exchange Commission’s (SEC) attention. Hougan explained the withdrawal, which on the whole comes down to spot ETFs being better for long-term investors and the costs associated with futures ETFs.  1/ Today, @BitwiseInvest withdrew its application to list a bitcoin *futures* ETF. (Our spot filing remains.) Thought I’d share our thinking. A

Tracking the movement of Bitcoin, Ethereum fund flows from 2020

Over the past couple of years, institutional involvement with major assets such as Bitcoin, Ethereum has been a common affair. However, it has been a difficult task to identify all sources of investments. In late 2020, Grayscale’s Bitcoin accumulation was considered the most influential institutional interest. However, it slowed down in 2021. And yet, capital continued to flow from accredited traders. In this article, we will be highlighting every fund which holds Bitcoin and Ethereum and how their activity has created an impact over a longer time period. The long

🔴 Bitcoin Futures ETFs Are Here?! | This Week in Crypto – Oct 18, 2021

 Bitcoin Futures ETFs could come to exchanges soon, Coinbase is launching an NFT marketplace and guess which country is now the biggest crypto mining hub in the world? These stories and more this week in crypto. The price of Bitcoin surpassed the $60,000 mark following reports that the first U.S. Bitcoin futures exchange-traded funds could start trading soon. NYSE Arca certified its approval to begin listing ProShares Bitcoin Strategy ETF and Nasdaq confirmed that shares of Valkyrie’s Bitcoin ETF had been certified for listing on its exchange. The Bitcoin

Why investors are not entirely sold on investing in a Bitcoin futures ETF

With two Bitcoin futures ETFs set to make market debut, let’s dive deep into the cost associated with owning these contracts. ProShares Bitcoin futures ETF is reportedly set to go live on 18 October, likely followed by Invesco’s ETF on the next day on 19 October.  We know that there are additional costs associated with an ETF. Apart from a brokerage commission, analysts are anticipating a higher expense ratio with these traded funds. As the filing by ProShares marks an annual operating expense of 0.95%, an investor will essentially spend

What to hope for if a Bitcoin ETF is a go

The cryptocurrency and DeFi sector is still young, with much of the industry still waiting on regulatory clarity and guidance. In fact, this is a subject many proponents have commented on as well. WisdomTree CEO Jonathan Steinberg is the latest to do so, with the exec stressing on the requirements for “right regulations” in the sector in a recent interview. He said, “Some level of regulation necessary to mainstream this” While he is optimistic about the progress the industry is making with global regulators, the lack of one in the

These factors were key to taking the steam out of Bitcoin’s ‘frenzied crypto-rally’

Volatility in the cryptocurrency world is real, there’s no doubting that. While some expected it to be a relic of the past, it came to the fore a few days ago after Bitcoin dropped below $45,000, taking the rest of the market with it. Now, different people have attributed different reasons to the aforementioned drop. A recent Twitter thread from a Singapore-based crypto-fund firm is a case in point. According to the same, the United States played a major role in driving or rather, aggravating this volatility. QCP Capital argued

Regulations Need to Facilitate Crypto Demand, Says Brazilian Central Bank President

Central Bank of Brazil President Roberto Campos Neto believes local regulations should facilitate investors’ demand for cryptocurrencies.Sponsored Sponsored “This comes out of a need that people have for payments to be very fast, open, secure, and have transparency in every sense,” Campos Neto said on Thursday at an event organized by Council of the Americas. The Central Bank President is confident that cryptocurrencies will have as large a role to play as instant payment platforms. Order and progress Campos Neto has made a concerted effort to enhance the technological savvy

Titan launches actively managed crypto portfolio for US investors

United States investment adviser Titan has officially launched its new cryptocurrency offering targeting U.S. investors, giving market participants additional avenues for accessing digital assets like Bitcoin (BTC) and Ether (ETH).The new product, dubbed Titan Crypto, seeks to invest in a concentrated basket of leading cryptocurrencies that can outperform over the long term, the company announced Wednesday. The portfolio will be actively managed by Titan’s dedicated crypto team and will be available to U.S. residents who reside outside of New York state.In July, Titan concluded a $58 million Series B financing

SEC Crypto Mom Greets Pro-Crypto Acting Chairman

SEC Commissioner Hester Price tweeted on Dec. 24 her congratulations to fellow commissioner Elad Roisman on his promotion. Congratulations, Chairman Roisman! I look forward to your leadership of the SEC.— Hester Peirce (@HesterPeirce) December 24, 2020 Securities and Exchange Commissioner (SEC) Roisman’s appointment is not official. The SEC and White House have not confirmed the fact. However, Commissioner Price, known to the crypto community as Crypto Mom, did tweet her greetings. Feat of Clayton at SEC The move comes a day after SEC Chairman Jay Clayton announced his immediate departure.

Grayscale Bitcoin Trust Saw Surge in Investor Interest After March

The Grayscale Bitcoin Trust, an investment tool that aims to provide an indirect exposure to Bitcoin (BTC) for investors in traditional markets, reported a significant increase in how many shares it issued between Q2 and Q1 of 2020.According to an Aug. 7 filing with the Securities and Exchange Commission, the trust issued more than 87 million shares in Q2 2020, compared to the total of 133 million shares issued for all of 2020.The trust issued almost 90% more shares in the second quarter of 2020 compared to the first. This