Prominent Bitcoin analyst, David Puell, says there are two things that could cause Bitcoin to top out in the future.
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.
Multiple institutions are yet again lining up to offer crypto ETFs, but will the SEC overcome its historical reticence?32031
VanEck has filed with the SEC to launch the Digital Assets ETF related to the performance of top cryptocurrency companies.8849
Swiss SIX Exchange has listed BTCetc Bitcoin ETP, a new crypto ETP product backed by London investment firm ETC Group.9139
Winklevoss’ Gemini Trust will act as a sub-custodian for the new Arxnovum Bitcoin ETF in Canada.5232
SolidX accuses VanEck of terminating their partnership in bad faith after “surreptitiously” working to launch a Bitcoin product based on SolidX’s work.10982
Digital asset investment managers 3iQ introduced ETH market exposure to Canada’s stock traders and investors on Thursday.31586
First conceived by Vitalik Buterin in Ontario, Ethereum is now available to Canadians in the form of a fund on the TSX.37338
The concept of a DeFi ETF sounds promising, but it’s not without pitfalls.30628
Jay Clayton is stepping down from his role as SEC Chairman at the end of the year, but before going he wants to set the record straight on the SEC’s opinion of Bitcoin.21483
The SEC Commissioner said the recent legal action taken against BitMEX shows the need for the international industry to take AML regulations seriously4905
At least one leader at the SEC is in favor of seeing a Bitcoin ETF approved in the US.5005
Brazil’s Hashdex is teaming up with Nasdaq to bring the world’s first Bitcoin ETF to the Bermuda Stock Exchange.23174
They're focusing heavily on Bitcoin and Bitcoin Cash. Ethereum, not so much.3779
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.8427