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Institutional asset manager Grayscale has announced it will be converting its GBTC Trust into an exchange-traded fund (ETF) once the United States Securities and Exchange Commission (SEC) has “comfort” with recently-approved Bitcoin futures ETFs.In a Monday Twitter thread, Grayscale communications director Jennifer Rosenthal said the asset manager would proceed with
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The first Bitcoin (BTC) futures-linked exchange-traded fund in the United States, ProShares’ Bitcoin Strategy ETF, will begin trading on the New York Stock Exchange on Tuesday under the ticker BITO.ProShares CEO Michael Sapir said the launch marks an important milestone for cryptocurrency ETFs in the U.S. following several years of
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ProShares will launch a bitcoin futures exchange-traded fund (ETF) tomorrow, the New York Times reported, citing DealBook.The Securities and Exchange Commission (SEC) greenlighted bitcoin futures ETFs on Friday. ProShares filed for its Bitcoin Strategy ETF this past summer. Source
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The amount of money locked in the bitcoin futures contracts on the global derivatives giant Chicago Mercantile Exchange (CME) surged to record highs on Friday as the U.S. Securities and Exchange Commission (SEC) greenlighted futures-based exchange-traded funds (ETF) tied to the cryptocurrency. Source
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Institutional investment giant Grayscale is reportedly considering converting its Bitcoin Trust into a physically settled exchange-traded fund (ETF).On Oct. 17, Barry Silbert, the CEO of Grayscale’s parent company Digital Currency Group, hinted that Grayscale is making plans to convert its Bitcoin Trust into a spot-settled Bitcoin fund. After having taken
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Grayscale Investments, known for its Grayscale Bitcoin Trust (GBTC), is planning on filing an application to convert its flagship fund into a spot ETF early next week. Grayscale, which has been the dominant player in the digital asset space, is now looking to revamp its fund due to competition. First Bitcoin
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Grayscale’s ETF would be backed by actual units of the cryptocurrency, not simply linked it via derivatives contracts such as futures. Should the proposal gain approval, it would be a further expansion of the leading cryptocurrency as a recognized investible asset. Source
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Bitcoin (BTC) faces a pivotal weekly close on Oct. 17 with bulls scrambling to squash final resistance before all-time highs. BTC/USD 1-week candle chart (Bitstamp). Source: TradingViewBitcoin on the cusp of clearing final resistanceData from Cryptox Markets Pro and TradingView showed BTC/USD ranging throughout the weekend, crucially staying above $60,000.This week's close
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The owner of the NBA team Dallas Mavericks, Mark Cuban, has said “no” to investing in bitcoin-based exchange-traded funds (ETFs), one of which could start trading next week in the U.S. The Shark Tank star does not see a reason for him to invest in a bitcoin ETF, emphasizing that
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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cryptox in one link.Top Stories This WeekBinance to launch $1B fund to develop
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