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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied One of the largest asset management companies in Hong Kong, Hang Seng Investment Management Co., is reviewing the possibility of tapping into the decentralized ecosystem. On June 26, one of the largest banks in Hong Kong, HSBC,
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Cboe has amended its spot Bitcoin ETF proposal to include an SSA agreement for market surveillance, to prevent fraudulent activity. The Cboe BZX Exchange updated a 19b-4 filing to amend its ARK 21Shares Bitcoin ETF proposal. The exchange amended the filing to add a feature that helps prevent market manipulation and
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Cathie Wood’s ARK Investment Management is speculated to be leading the competition for a bitcoin (BTC) exchange-traded fund (ETF), ahead of investment giant BlackRock, according to recent industry reports. Renowned bitcoin-supportive company, ARK Investment Management, helmed by
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The market remains optimistic about the future of a spot bitcoin ETF in the U.S., as bitcoin (BTC) maintains the key $30,000 level. Quinn Thompson, Maple head of growth and capital markets, shared his crypto markets analysis. Plus, Hut 8 CEO Jaime Leverton joined "First Mover" after the North American
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ARK Investment Management has amended its spot Bitcoin exchange-traded fund (ETF) application with the U.S. Securities and Exchange Commission (SEC), making it similar to BlackRock's recent filing. The amendments include a surveillance sharing agreement with the Chicago Mercantile Exchange (CME) futures markets and crypto exchange, most "likely Coinbase", said Bloomberg's ETF
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ARK's application may now be in pole position to be approved first as as it was filed earlier than BlackRock's. Source
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Compared with Grayscale’s ETHE trust, GBTC’s volume significantly outperformed in trading volume. Since September, GBTC's trading volume rose from $35.6 million to $45 million in June 2023, capturing 74% of the total trading volume for trust products, compared to 50.9% in September. ETHE's volumes declined from $31 million in September
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The SEC may prefer to give BlackRock the approval because of its reputation. According to some Bloomberg analysts, BlackRock has a 50% chance of getting approval for its spot Bitcoin Exchange Traded Fund (ETF) from the Securities and Exchange Commission (SEC). On the other hand, they also speculated that Grayscale
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The year 2023 has seen a sudden surge in the number of applications for Bitcoin Exchange-Traded Funds (ETFs). Major financial institutions and asset management firms, including Valkyrie, BlackRock, and Fidelity, have joined the race to launch their own Bitcoin ETFs. But what has triggered this sudden explosion in Bitcoin ETF
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Summary: Fidelity could submit a Bitcoin (BTC) spot ETF application as early as Tuesday, The Block reported citing a source.A flurry of BTC ETF applications came from companies like Widomtree and Invesco after BlackRock’s filed on June 15.Bitcoin broke above $30,000 for the first time since April shortly after BlackRock’s
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