With the Bitcoin ETFs, investors won’t have to deal with hot/cold storage decisions, crypto exchanges, fraud, etc. “Convenience does the magic here.”
The Securities and Exchange Commission, or SEC, is an independent agency within the United States government tasked with regulating the securities markets in a way that protects the public from fraud, maintains fair and efficient markets, and facilitates healthy capital formation in the U.S. and its jurisdictions.
The emergence of cryptocurrencies with the advent of Bitcoin (BTC) directly challenged the hegemonic order of the legacy financial system and quickly provoked ire and distrust from various regulatory authorities.
The SEC, however, remained largely quiet on securities law applicability to cryptocurrencies and fundraising events until July 2017 when the agency published their report on the DAO project, concluding that the sale of DAO tokens was in fact an unregistered securities offering and therefore subject to securities laws. This was published in the context of the initial coin offering, or ICO, craze of 2017 to2018.
Since then, the SEC has slowly brought cases against various projects such as halting the launch of the highly anticipated Telegram blockchain network, TON, in October 2019, thus setting legal precedent for all current and future blockchain ventures.
The SEC is one of the most powerful regulatory agencies in the world, as most countries often wait to see how the U.S. regulates certain industries before implementing their own legislation and regulatory frameworks.
The Ripple boss claims his company has been unfairly treated, thereby giving Ethereum the edge.19704
With a Bitcoin futures exchange-traded fund, getting exposure to the world’s largest cryptocurrency will be easier than ever.4702
Valkyrie’s Bitcoin futures ETF will go live on Nasdaq just a few days after ProShares debuted a similar product on NYSE.7115
ProShares’ Bitcoin Strategy ETF saw around $1 billion in volume on its opening day, with 24.313 million BITO shares changing hands.21549
In the same interview, ProShares head of investment strategy Simeon Hyman opined that regulated futures traded in a 40-act ETF will open the opportunity to get BTC exposure to a lot of folks who may have been waiting on the sidelines.10422
The price of Bitcoin rose to a five-month high of $63,293 following shares of ProShares’ ETF opening for trading.5042
The U.S. dollar index reached its lowest levels in three weeks on Oct. 19, triggering a rising wedge pattern.5059
Bloomberg ETF analysts are predicting Valkyrie’s futures-based Bitcoin ETF will commence trading this week.8526
As the crypto space gets all worked up by the impending launch of Bitcoin exchange-traded funds, industry leaders are taking it upon themselves to sketch out the designs of future regulatory regimes.1800
The first Bitcoin futures-linked ETF is finally launching in the United States after years of effort.10365
Bitcoin price increases will also be less dramatic moving forward, the report suggests.79762
With the lack of regulation and common standards, a lot depends on crypto companies’ social responsibility and blockchain-based CSR.6019
Bloomberg analyst James Seyffart reported that the crypto futures ETF would be listed with the ticker symbol BITO, possibly as early as Oct. 18.14392
Nasdaq’s vice president of listing qualifications, Eun Ah Choi, said shares of Valkyrie's Bitcoin ETF had been certified for listing on the exchange.23627