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Crypto asset manager Valkyrie has launched an exchange-traded fund with exposure to Bitcoin on the Nasdaq Stock Market.In a Wednesday SEC filing, Valkyrie said its Balance Sheet Opportunities ETF will not invest directly in Bitcoin (BTC) but 80% of its net assets would offer exposure to the crypto asset through
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“We believe investors should have access to GBTC in an ETP [exchange-traded product] format because it offers a tried and tested way for retail investors to gain exposure to bitcoin at prices that closely reflect spot bitcoin trading prices without holding it themselves,” the letter said. Grayscale Investments is a
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Balance Sheet Opportunities ETF, trading as VBB on Nasdaq, is long on MicroStrategy, Square, Tesla and other crypto industry bulls. A passively managed thematic ETF, it steers clear of bitcoin futures, sticking only to equities that invest in the coin. Source
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New York-based asset manager WisdomTree has amended its filing for a Bitcoin exchange-traded fund with the Securities and Exchange Commission to name U.S. Bank as its custodian. In a Wednesday filing, WisdomTree listed U.S. Bank National Association as the custodian for shares of its Bitcoin (BTC) trust. The filing is an
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The United States Securities and Exchange Commission, or SEC, has officially disapproved asset manager WisdomTree’s spot Bitcoin (BTC) exchange-traded fund (ETF) after deferring on a decision several times this year.According to a Wednesday filing, the SEC rejected a proposed rule change from the Cboe BZX Exchange to list and trade
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On Thursday, registered investment adviser and fintech firm Defiance announced it has launched the first nonfungible token (NFT)-focused exchange-traded fund (ETF) on the New York Stock Exchange Arca. The fund is listed under the ticker symbol NFTZ and has a management fee of 0.65% per year.The fund does not directly
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Two bitcoin futures ETFs, the ProShares Bitcoin Strategy ETF (BITO) and the Valkyrie Bitcoin Strategy ETF (BTF), began trading in October, leading to a significant rally in the price of bitcoin. VanEck’s bitcoin futures ETF began trading in mid-December. Source
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On Thursday, Fidelity Canada officially launched the Fidelity Advantage Bitcoin exchange-traded fund (ETF) and the Fidelity Advantage Bitcoin ETF Fund (mutual fund), marking the first such assets to be made available in the country and confirming earlier reports on the matter. The funds have the tickers FBTC and FBTC.U, denominated in
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New York-based Defiance ETFs is launching an exchange-traded fund (ETF) focused on non-fungible tokens (NFTs), according to a press release sent to CryptoX.The fund will track the performance of an index, dubbed the BITA NFT and Blockchain Select Index, composed of NFT, blockchain and crypto stocks, including NFT marketplaces and
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