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Canada allowed physically backed bitcoin ETFs to launch earlier this year, however, while the U.S. is still only allowing futures-linked ETFs to go live. SEC Chairman Gary Gensler, who opened the door for these products in August, has said in multiple public statements that he believes ETFs filed under the
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Since the ProShares Bitcoin Strategy ETF started trading this week, it has become the fastest fund ever to reach $1 billion in assets under management (AUM).The highly anticipated launch of the first Bitcoin futures exchange-traded fund in the United States, BITO, has resulted in a number of milestone achievements.Bloomberg senior
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The new ETF is set to start trading on Friday, after the bitcoin-linked fund cleared the final regulatory hurdles, a Valkyrie spokesperson said. It will trade on Nasdaq under the ticker BTF on Nasdaq, despite short-lived plans to adopt the more meme-centric ticker BTFD. Source
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Ark Invest founder and CEO Cathie Wood did not invest in the ProShares Bitcoin Strategy Exchange Traded Fund, or ETF, on opening day, according to Business Insider. Wood said about the ETF’s debut:“No, we did not [invest]. We’re looking at this very carefully […] there are some tax ramifications we’d like
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Options traders are turning their attention to long-term bullish bets on the cryptocurrency ether, as some anticipate that an ether-based exchange-traded fund (ETF) product will likely follow the launch of the first bitcoin futures-based ETF in the U.S.Data reveal a growing demand for long-dated, out-of-the-money (OTM) call options on ether
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The wealth manager Vaneck will be launching its bitcoin futures exchange-traded fund (ETF) in the United States following the Proshares ETF listing that launched on Tuesday. According to the post-effective filing with the U.S. Securities and Exchange Commission (SEC), the Vaneck bitcoin futures ETF launch is approved to be listed
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Bitcoin parece haber recibido un impulso el martes por el lanzamiento del ETF ProShares Bitcoin Strategy, el primer fondo cotizado en bolsa aprobado por la Comisión de Valores de Estados Unidos (SEC, por sus siglas en inglés) para invertir en futuros de bitcoin. Original Source
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Since at least 2013, when the Winklevoss twins first filed an application to create one, a bitcoin exchange-traded fund (ETF) has been the crypto industry’s white whale. An ETF would open bitcoin investment to a huge new array of players, from individual 401(k) users to major institutions, who can’t buy
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Bitcoin, the world’s largest cryptocurrency by market capitalization, has hit a new all-time high above $66,000, marking a full recovery from a months-long slump and extending the year’s gains to nearly 130%.The cryptocurrency pushed past the previous price record of $64,889 set in April and was changing hands at $66,685
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Investor interest in the bitcoin options market increased, with the cryptocurrency nearing record highs in the lead up to Tuesday’s launch of the first-ever U.S.-based bitcoin futures exchange-traded fund (ETF).Bybt data shows that the cumulative dollar value of bitcoin options contracts open on major exchanges rose to $14 billion on
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