The SEC has rejected an ETF with only a 25% BTC component before, but how about just 5%? WisdomTree may be testing the agency’s limits.
An Exchange-Traded Fund or ETF is a fund that is traded on a stock market. They function as investment funds which allows everyone access to an index or commodity providing the same profit to investors as the major markets do. Thus, ETF stocks are one of the most popular among exchange users because of the easiness to invest in industries without being charged by the fund manager. Before buying an ETF, it is necessary to check what is included in the fund.
By 2018, it has been reported that The United States Securities and Exchange Commission (SEC) is considering the idea of creating a Bitcoin-ETF. A Bitcoin-ETF would be an investment tool using Bitcoin as the main asset. The main purpose of it would be to facilitate the investing process into cryptocurrency and make it more attractive for the community.
Regulators are warming up to crypto around the world as they embrace innovation for economic recovery.10071
A New York-based asset manager has filed for an ETF that will invest up to 5% of its capital into Bitcoin futures contracts despite focusing on energy, agriculture and metals.3116
An investor raised a major criticism about the way in which the Grayscale Bitcoin Trust is set up.8910
VanEck's Gabor Gurbacs said U.S. regulators have not treated Bitcoin fairly in their exchange-traded fund denials.8191
Yet another unprecedented move from the U.S. central bank to shore up the fiat economy means that it is violating its own charter, critics warn.48155
Innovations in blockchain technology are changing the paradigm and even the concept of possessing gold.16260
Investment firm executives battle it out over Bitcoin on CNBC, debating when the SEC might approve a Bitcoin ETF, stablecoins, and whether there is a need for Bitcoin at all.7348
With Hester Peirce’s term expiring in June, Commissioner takes a swipe at the SEC.3986
New York asset manager Wilshire Phoenix has issued a damning response to the SEC’s rejection of its proposed Bitcoin ETF.5817
Wilshire Phoenix’s Bitcoin ETF has been officially rejected by the SEC because the Bitcoin market is still too heavily manipulated.5736
After breaking above $1 billion for the third time ever, daily volume for CME Bitcoin futures has plummeted by roughly 50% for three consecutive days.5569
Several entities with pending crypto ETF proposals in the U.S. give their thoughts as to why no such crypto product has yet passed the test with the SEC.10945
Wallet providers and exchanges will be paying interest on consumer crypto holdings within two years, predicts Dan Schatt.6078
The reasons of failure of Bitcoin ETF applications and the new path that may give regulators the confidence needed to take an application forward.5784