The SEC Commissioner said the recent legal action taken against BitMEX shows the need for the international industry to take AML regulations seriously
Exchange-traded funds, or ETFs, are investment funds that trade on a stock market with their value derived from an underlying basket of assets such as stocks, bonds, commodities and other financial instruments. They provide investors easier exposure to a certain index of assets.
A Bitcoin ETF is similar, but the underlying asset is the Bitcoin (BTC) cryptocurrency rather than other traditional financial instruments.
The hope of Bitcoin ETFs is that they could provide institutional investors an easier way to buy into Bitcoin and crypto markets, thus making it more attractive to the broader investment community.
While there have been many proposals for Bitcoin ETFs presented to the United States Securities and Exchange Commission, or SEC, the main hindrance to their approval is concern for asset volatility and market maturity, though this sentiment is starting to shift in crypto’s favor. For years, and most certainly now, there has been demand from institutional investors for this on-ramp to the crypto economy.
At least one leader at the SEC is in favor of seeing a Bitcoin ETF approved in the US.4756
Brazil’s Hashdex is teaming up with Nasdaq to bring the world’s first Bitcoin ETF to the Bermuda Stock Exchange.22632
They're focusing heavily on Bitcoin and Bitcoin Cash. Ethereum, not so much.3709
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.8225
Regulators are warming up to crypto around the world as they embrace innovation for economic recovery.10127
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.3223
An investor raised a major criticism about the way in which the Grayscale Bitcoin Trust is set up.9849
VanEck's Gabor Gurbacs said U.S. regulators have not treated Bitcoin fairly in their exchange-traded fund denials.8244
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.48261
Innovations in blockchain technology are changing the paradigm and even the concept of possessing gold.16463
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.7544
With Hester Peirce’s term expiring in June, Commissioner takes a swipe at the SEC.4063
New York asset manager Wilshire Phoenix has issued a damning response to the SEC’s rejection of its proposed Bitcoin ETF.5941
Wilshire Phoenix’s Bitcoin ETF has been officially rejected by the SEC because the Bitcoin market is still too heavily manipulated.5799