Friday, March 29, 2024
Home > Wilshire

Wilshire Phoenix Files Publicly-Traded Bitcoin Trust to Challenge Grayscale’s $3.4 Billion Dominance

Wilshire Phoenix has filed to launch a publicly-traded trust called Bitcoin Commodity Trust (BCT) – putting the firm in direct competition with Grayscale Investments’ $3.4 billion bitcoin trust (GBTC).According to the June 12 filing with the U.S. Securities and Exchange Commission (SEC), the New York-based investment company will offer

Read More

Wilshire Differentiates its Fund From Grayscale, Says “Investors Deserve More”

The founder of investment firm Wilshire Phoenix, William Herrmann, said his firm’s recently filed U.S. Bitcoin fund notably differs from anything else currently on the U.S. market, based on its Bitcoin price sourcing and involved third parties. In an email exchange with Cryptox, Herrmann didn't mention Grayscale's Bitcoin Trust by

Read More

Asset Manager Wilshire Phoenix Files to Launch New Bitcoin Investment Trust

Wilshire Phoenix, an asset manager which tried to launch a bitcoin exchange-traded fund (ETF) last year, has filed to launch a new Bitcoin Commodity Trust. According to a Securities and Exchange Commission (SEC) filing published Friday, the New York-based Wilshire Phoenix intends to offer bitcoin to certain investors through the new

Read More

Wilshire Phoenix Files With SEC for Publicly Traded Bitcoin-Backed Fund

Alternative investment firm Wilshire Phoenix has filed an S-1 registration statement with the U.S. Securities and Exchange Commission, or SEC, for a publicly traded Bitcoin Fund in line with regulation. The registration reads:"The Shares will provide investors with exposure to bitcoin in a manner that is accessible and cost-efficient without

Read More

Wilshire Phoenix CEO Explains $168B US Fed Injection and Crypto Correlation

The U.S. Federal Reserve injected $168 billion into finance several days ago, which correlates to Bitcoin’s current falling price.“So long as the broader markets keep falling – expect the same out of Bitcoin,” Bill Herrmann, CEO of alternative investment firm Wilshire Phoenix told CryptoX as part of an explanation

Read More

Hester Peirce’s Last Effort at SEC as Wilshire Phoenix BTC ETF Is Rejected

Securities and Exchange Commissioner (SEC) Commissioner Hester Peirce has published a dissenting statement in response to the Commission’s rejection of Wilshire Phoenix’s Bitcoin Exchange Traded Fund application. In her statement, Peirce slams the SEC for its biased treatment of Bitcoin-related products with the passion of a “Bitcoin maximalist.” Given that

Read More