The United States Securities and Exchange Commission (SEC) has delayed reviewing Bitcoin ETF applications from major financial firms, including BlackRock, Valkyrie, Invesco, and Bitwise. Analysts suggest this postponement is due to the impending risk of a U.S. government shutdown on Oct.1.The competition to launch a spot Bitcoin ETF in the United States has attracted much […]
VanEck has released two TV commercials to promote its upcoming Ethereum Strategy ETF, tickered EFUT, which is expected to be listed on the Chicago Board Options Exchange and managed by Greg Krezner. Bloomberg ETF analysts Eric Balchunas and James Seyffart believe the ads could mean the ETF is launching sooner than expected, with Seyffart expecting […]
VanEck, a prominent investment manager, has revealed plans to launch an Ethereum Futures exchange-traded fund (ETF). This news comes shortly after the US Securities and Exchange Commission (SEC) announced its intention to fast-track the approval of some Ether futures ETF applications ahead of a potential US government shutdown. The ETF, named the VanEck Ethereum Strategy […]
Valkyrie Investments is set to become the first provider of a U.S.-based ETF that includes Ethereum futures, according to reports from FOX Business. The fund, listed as BTF, has been trading since late 2021 and will make the relevant change on Sept. 29. The fund will then hold 50% Ethereum futures and 50% Bitcoin futures […]
Crypto.com has entered into a strategic partnership with PayPal and Paxos to make Crypto.com the primary cryptocurrency exchange of PayPal’s PYUSD stablecoin. Crypto.com has already listed the PYUSD stablecoin on its platform, and it is available to both retail and institutional investors. Joe Anzures, SVP and GM, Americas and Global Head of Payment Partnerships, Crypto.com, […]
Lawmakers have recently sent a letter to the U.S. Securities and Exchange Commission (SEC) urging the regulator to hasten the approval of Bitcoin Exchange Traded Products (ETPs). The letter was signed by congress representatives Mike Flood, Tom Emmer, Ritchie Torres, and Wiley Nickel. The lawmakers acknowledged the significance that approval would hold in the market, […]
The U.S. Securities and Exchange Commission (SEC) could approve an Ethereum (ETH) futures exchange-traded fund (ETF) as early as next week, according to Bloomberg analysts. Eric Balchunas, a senior ETF analyst for Bloomberg, said the financial regulator “wants to accelerate the launch of Ether futures ETFs” before a potential government shutdown. Several filers have been […]
A new stablecoin pegged to the US Dollar, RIF US Dollar (USDRIF), has been launched on Rootstock, the blockchain network that brings smart contract functionality to Bitcoin. USDRIF has been designed to tackle real problems faced by people in countries across the world such as hyperinflation, local currency volatility and the high cost of sending […]
Sam Bankman-Fried, the founder of FTX, is set to face a fraud trial on October 3. U.S. District Judge Lewis Kaplan has issued a 16-page pretrial order that outlines the boundaries of admissible evidence for the trial. Judge Kaplan has allowed prosecutors to introduce evidence related to Bankman-Fried’s political contributions, which could provide insight into […]
Ethereum futures exchange-traded funds (ETFs) could soon be available for trading in the United States. According to Bloomberg analysts, the Securities and Exchange Commission (SEC) is likely to approve the launch of Ethereum futures ETFs as early as next week. Eric Balchunas, an ETF analyst, said that the SEC wants to “accelerate the launch of […]
