Crypto asset manager Grayscale Investments is reportedly in talks with investment banks JPMorgan and Goldman Sachs regarding their potential involvement in a proposed spot Bitcoin exchange-traded fund (ETF). Grayscale recently filed an amended application with the United States Securities and Exchange Commission, but did not list any authorized participants. However, it is worth noting that […]
The U.S. Securities and Exchange Commission (SEC) has made a groundbreaking decision by approving the launch of the first-ever leveraged Bitcoin futures exchange-traded fund (ETF). This move signifies the growing acceptance of cryptocurrencies in mainstream finance and provides traditional investors with an opportunity to gain exposure to digital assets.The new ETF, called the Volatility Shares […]
The United States-based exchange Cboe has accepted the registration for listing shares of a spot Bitcoin exchange-traded fund (ETF) proposed by Fidelity Investments. The Fidelity Wise Origin Bitcoin Fund has filed a Form 8-A with the U.S. Securities and Exchange Commission (SEC) to register its shares as securities listed on the Cboe BZX Exchange. However, […]
Two leading spot Bitcoin exchange-trade fund (ETF) applicants, Grayscale and BlackRock, are reportedly considering adding Goldman Sachs as an authorized participant. This role would involve Goldman Sachs creating and redeeming shares for each spot Bitcoin ETF based on market demand. While the addition of Goldman Sachs has not been publicly announced by the companies involved, […]
The approval of spot Bitcoin and Ethereum exchange-traded funds (ETFs) is expected to have a significant impact on the institutional adoption of digital assets. Mathew McDermott, the global head of digital assets at Goldman Sachs, believes that these ETFs will unlock opportunities for pensions, insurers, and other institutional investors to enter the crypto market.By creating […]
The approval of spot Bitcoin and Ethereum exchange-traded funds (ETFs) is expected to have a significant impact on the institutional adoption of digital assets. Mathew McDermott, the global head of digital assets at Goldman Sachs, believes that these ETFs will unlock opportunities for pensions, insurers, and other institutional investors to enter the crypto market.By creating […]
Major asset management firms, including BlackRock and VanEck, have revised their filings with the U.S. Securities and Exchange Commission (SEC) for spot bitcoin exchange-traded funds (ETFs). This move indicates a potential shift in the regulatory stance towards cryptocurrency investment products. The revised filings outline the arrangements each firm has made with market makers to ensure […]
The Zürcher Kantonalbank has announced that it will be eliminating bank fees for private customers, a move that could potentially lead to a wave of fee reductions across the banking industry. This decision comes as a relief for customers who have been burdened with high fees, particularly during a period of negative interest rates.While other […]
Bitwise has revealed a $200 million seed fund for its spot Bitcoin ETF, according to an updated S-1 filing. This seed fund is significantly larger than the $10 million seed investment recently announced by BlackRock for its own spot Bitcoin ETF.This development highlights the growing interest and investment in the cryptocurrency market, particularly in Bitcoin. […]
VanEck has made amendments to its spot Bitcoin ETF application with the U.S. Securities and Exchange Commission (SEC). The updated filing removes the allowance for in-kind transactions involving Bitcoin, stating that only cash transactions will be permitted. The filing also mentions a potential partnership with Coinbase Custody as an additional custodian, although this is not […]
