SEC Commissioner and ‘Crypto Mom’ Hester Peirce Is Amazed a Bitcoin ETF Hasn’t Been Approved Yet

SEC Commissioner and ‘Crypto Mom’ Hester Peirce Is Amazed a Bitcoin ETF Hasn’t Been Approved Yet

Crypto has turned contentious in Washington. While the White House pushes for new rules, a partisan divide is growing in Congress over how to supervise, tax, and regulate the industry. At the nexus of the debate sits the Securities and Exchange Commission. Led by Chairman Gary Gensler, a Democrat appointed by President Joe Biden, the … Read more

With US Bitcoin ETF in Limbo, Crypto ETPs All the Rage in Europe

With US Bitcoin ETF in Limbo, Crypto ETPs All the Rage in Europe

While US investors wait for a physically-backed ETF, exchange-traded products are dominating in Europe The ETP structure is often the only option that fits regulatory guidelines, issuers say With the prospects of a physical bitcoin ETF at a standstill in the US, an already-crowded market for cryptocurrency exchange-traded products (ETPs) in Europe is heating up … Read more

Different crypto will be less correlated, as healthcare stocks ‘won’t move in the same way’ gold ETF moves, a crypto asset manager says

Different crypto will be less correlated, as healthcare stocks 'won't move in the same way' gold ETF moves, a crypto asset manager says

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch, and I’ll walk you through the latest and greatest in digital assets this week so far. Find me on Twitter at @FrancesYue_ to send feedback or tell us what you think we … Read more

Torus Kling Blockchain to launch India’s first crypto backed futures ETF at Gift City

Torus Kling Blockchain to launch India’s first crypto backed futures ETF at Gift City

Torus Kling Blockchain IFSC, a 50:50 joint venture between Sam Ghosh promoted Cosmea Financial Holdings (CFH) and Kling Trading India, signed an MOU with India INX to launch India’s first Bitcoin and Ethereum Futures ETF and Metaverse US listed Large-cap Discount Certificates. Crypto-backed futures ETF This Bitcoin & Ethereum Futures ETF will be the first … Read more

Crypto bloodbath: Bitcoin ETF goes from boom to bust after record US debut

Photo: Bloomberg

The crypto massacre has reworked a well-known Bitcoin ETF that launched essentially the most profitable debut ever into one of many greatest losers for an issuer of their first two months of buying and selling. With a 30% drop, the ProShares Bitcoin Strategy exchange-traded fund, ticker BITO, is now one of many 10 worst performers … Read more

Bitcoin Daily: SEC Delays NYDIG Bitcoin ETF Ruling

SEC

Decentralized finance (DeFi) platform WonderFi Technologies has agreed to buy Canadian crypto exchange Bitbuy for $161.8 million, according to a Tuesday (Jan. 4) CoinDesk report. With the deal, WonderFi now gets one of the fastest growing Canadian crypto platforms, with an addition of 375,000 new registered users. It will also be able to offer a … Read more

Proshares Bitcoin ETF Is #3 As Global Assets Of Crypto ETFs Surge 549%

Proshares Bitcoin ETF Is #3 As Global Assets Of Crypto ETFs Surge 549%

Bitcoin, Ripple, Ethereum, Dash, Monero and Litecoin are displayed In this photo illustration of … [+] digital cryptocurrencies. Global assets in cryptocurrency ETFs surged 549% in 2021 as the number of funds increased 280% (Photo Illustration by Chesnot/Getty Images) Getty Images It’s been a stunning year for the crypto market and an even more stunning … Read more

VanEck’s Bitcoin spot ETF shunt solidifies SEC’s outlook on crypto

VanEck’s Bitcoin spot ETF shunt solidifies SEC’s outlook on crypto

Bitcoin (BTC) has been on an impressive price run since the announcement of the United States Securities and Exchange Commission’s approval of ProShares’ Bitcoin futures exchange-traded fund (ETF) early in October, hitting a new all-time high of over $69,000 on Nov. 10, as per data from TradingView. However, the financial watchdogs soured the mood by rejecting … Read more

Crypto Advocates Weigh ETF Rejection — Veteran Trader Peter Brandt Says Bitcoiners Should ‘Oppose Spot Bitcoin ETFs in US’ – Bitcoin News

Crypto Advocates Weigh ETF Rejection — Veteran Trader Peter Brandt Says Bitcoiners Should 'Oppose Spot Bitcoin ETFs in US’

Following the Securities and Exchange Commission’s rejection of Vaneck’s bitcoin spot market exchange-traded fund (ETF) on Friday, a number of cryptocurrency advocates discussed the subject this weekend. For instance, the veteran FX trader Peter Brandt told his 581,700 Twitter followers that bitcoin maximalists “should oppose” a spot market bitcoin ETF. Bitcoiner Preston Pysh said bitcoin … Read more

The new bitcoin ETF is riskier than you think — even by crypto standards

The new bitcoin ETF is riskier than you think — even by crypto standards

When the US Securities and Exchange Commission gave the go-ahead for Wall Street’s first crypto-linked exchange-traded product last month, markets went wild in anticipation of the brave new world. Demand for crypto among Americans is rising, albeit from a tiny slice of the population. Before bitcoin’s 2021 rally, 4% of Americans said they owned at least … Read more

BetaShares crypto company ETF smashes Australian records on opening day

BetaShares crypto company ETF smashes Australian records on opening day

Australian fund management company BetaShares’ new crypto company ETF smashed Australian Securities Exchange (ASX) records within the first 15 minutes of listing.The Capital Appreciation Portfolio Diversification (CRYP) fund enables investors to gain exposure to 50 pure-play listed crypto companies from around the world such as exchanges, mining companies and equipment firms. Some of the top … Read more

$20 trillion of managed money could drive ETF demand, CEO says

$20 trillion of managed money could drive ETF demand, CEO says

Exchange-traded fund investors are getting even more interested in cryptocurrency exposure — and the advent of things like bitcoin futures ETFs could lead to a demand explosion, one CEO says.”The stars are aligning right now for demand for crypto allocation in the advisor community when you look at 30 years of declining interest rates and … Read more

Bitcoin miners fund floats amid crypto ETF race

Bitcoin miners fund floats amid crypto ETF race

“[The launch of DIGA] t means investors do not have to directly hold cryptocurrencies and, importantly, provides Australians with the ability to access the potential upside of the next wave of financial market innovation.”Cosmos is itself owned by Mawson Infrastructure Group, an Australian-born, Nasdaq-listed bitcoin miner, although the parent company of the fund’s issuer will … Read more

Bitcoin futures ETF may be costly way to get long-term crypto exposure

Bitcoin futures ETF may be costly way to get long-term crypto exposure

boonchai wedmakawand | Moment | Getty ImagesCrypto enthusiasts had reason to cheer last week as digital currencies notched another milestone: the first U.S. bitcoin futures exchange-traded fund.Investors rushed in. The ProShares Bitcoin Strategy ETF (BITO) had the second-biggest trading debut for any ETF on record when it launched Oct. 19. Its share price jumped 4%. … Read more

Crypto investors still are not sufficiently protected in the $2 trillion market despite the success of the first bitcoin ETF, SEC chief Gary Gensler says | Currency News | Financial and Business News

Gary Gensler, chair of the SEC, testifies at a hearing in September.

Gary Gensler, chair of the SEC, testifies at a hearing in September. Evelyn Hockstein-Pool/Getty Images The first-ever bitcoin-futures that launched on October 19 was a massive success. SEC Chair Gary Gensler on Monday voiced concern that crypto investors are still not well protected. His comments led to some speculation among observers on social media that … Read more

Should you buy a bitcoin-futures ETF versus actual bitcoin or crypto stocks? Experts weigh in on the advantages of each. | Currency News | Financial and Business News

A gold Bitcoin seen on display with a stock market graph in the background

Bitcoin has pushed to an all-time high above $66,000. Rafael Henrique/SOPA Images/LightRocket via Getty Images Bitcoin futures ETFs burst onto the scene this week, marking a new milestone for the crypto market. Insider talked to market experts about how the new ETFs compare to owning actual bitcoin. ProShares and Valkyrie launched their ETFs this week, … Read more

Investment advisers ‘extremely skeptical’ about first U.S. bitcoin ETF: ‘It’s a hard thing for RIAs to recommend an inferior’ crypto product

Investment advisers 'extremely skeptical' about first U.S. bitcoin ETF: 'It's a hard thing for RIAs to recommend an inferior' crypto product

Happy Sunday! Welcome to the penultimate installment of Need to Know Crypto Edition, ahead of the launch of a new weekly crypto newsletter “Distributed Ledger,” which will kick off next month. I’m Mark DeCambre, managing editor of markets and I’ll walk you through the latest and greatest in digital assets this week so far. There … Read more