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John Kiff

Firm Behind Biggest Bitcoin Trust Is Hiring Entire ETF Team - 0 views

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    Grayscale Investments has posted at least nine exchange-traded dund (ETF) related positions to LinkedIn. Though Grayscale has filed to create an ETF in the past, the firm doesn't currently have an active filing with the SEC for a Bitcoin or crypto-related ETF. But the firm could roll its $35 billion Bitcoin Trust, the largest Bitcoin fund, into an ETF. The job postings currently listed on LinkedIn include an ETF market maker relationship manager, ETF finance reporting manager, ETF finance support manager, ETF creation and redemption specialist, ETF authorized participant relationship manager, ETF product development specialist, a compliance officer and two sales director positions.
John Kiff

SEC delays decision on XRP, Solana, Litecoin, Dogecoin ETFs - 0 views

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    On March 11, 2025, the U.S, Securities and Exchange Commission (SEC) postponed decisions on multiple crypto-asset exchange-traded fund (ETF) filings until May 2025. However, this is widely viewed as standard procedure that all of the currently approved crypto-asset ETFs have gone through before. Of note, as of of March 12, nine companies have filed with the SEC for XRP ETF products. Beyond dedicated XRP ETF filings, at least two asset managers have included XRP in broader crypto ETF products. See also: https://cointelegraph.com/news/xrp-etf-filings-awaiting-sec-approval
John Kiff

A Fourth Ethereum ETF Hits Canada-Eighth Crypto ETF in North America - 0 views

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    Toronto-based 3iQ Corp in partnership with CoinShares launched of an Ethereum exchange-traded fund (ETF) on the Toronto Stock Exchange (TSX). It's the fourth Ethereum ETF to launch this week in Canada and the eighth crypto ETF now trading in the country. The US Securities and Exchange Commission (SEC), which has yet to approve a crypto ETF, currently has nine Bitcoin ETF applications to either approve or decline.
John Kiff

CBOE files to list Van Eck's proposed Bitcoin ETF - 0 views

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    The Chicago Board Options Exchange filed with the US Securities and Exchange Commission (SEC) to list the Bitcoin exchange-traded fund (ETF) proposed by asset manager, Van Eck. In January, Van Eck filed for SEC approval of a Bitcoin ETF. Van Eck had previously unsuccessfully filed for a Bitcoin ETF in 2017. The firm also teamed up with SolidX - to file for a jointly issued ETF in 2018. The joint application was withdrawn in September 2019. the SEC is yet to approve any crypto ETF product.
John Kiff

First Inverse Bitcoin ETF to Debut for Betting on Crypto Plunge - 0 views

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    Horizons ETFs Management (Canada) launched an exchange-traded fund (ETF) fund that will allow investors to take short positions on bitcoin futures. The BetaPro Inverse Bitcoin ETF started trading on April 15, 2021 on the Toronto Stock Exchange. It will charge a 1.45% management fee, while a sister product called BetaPro Bitcoin ETF, launched simultaneously, will cost 1.00% and track Bitcoin futures. https://www.horizonsetfs.com/news/Press-Release/Horizons-ETFs-Launches-Long-and-Short-Bitcoin-Futu
John Kiff

SEC delays decisions on Bitwise and Grayscale's Bitcoin ETFs - 0 views

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    The US Securities and Exchange Commission (SEC ) has delayed decisions on physical (spot) Bitcoin exchange-traded fund (ETF) proposals from Bitwise and Grayscale until February 1 and February 6, respectively. The applications were originally filed on October 14 and 19, 2020, respectively. The SEC has been approving Bitcoin futures ETFs (ProShares and Valkyrie's Bitcoin Strategy ETFs in October, 2020) but it has continued to maintain a hard stance on physical crypto ETFs (it denied the approval of VanEck's physical Bitcoin ETF in November 2020, and WisdomTree's in early December). The SEC is concerned that the spot Bitcoin market is prone to fraud, manipulation and abuse, whereas Bitcoin futures trade on highly regulated exchanges.
John Kiff

Grayscale Spot Bitcoin ETF Would Come With a Catch - 0 views

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    In its current form, the Grayscale Bitcoin Trust charges shareholders a 2% fee. A 2% fee would never fly in the ETF world. Take the ProShares Bitcoin Strategy ETF (BITO), which carries an expense ratio of 0.95%. That's relatively expensive for an ETF, and it's less than half of GBTC's fee. So if Grayscale were to eventually be successful in its campaign to convert GBTC into an ETF, that would mean saying goodbye to potentially hundreds of millions of dollars in revenue - a painful thing to do in the thick of crypto winter. Still, it's worth reflecting on why Grayscale has been so passionate and public about this bid. Unlike an ETF, the trust has no redemption mechanism, meaning that GBTC shares can't be created and destroyed as demand shifts.
John Kiff

SEC Approves First Hybrid Bitcoin-Ethereum ETFs - 0 views

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    The U.S. Securities and Exchange Commission (SEC) approved the first spot exchange-traded funds (ETFs) combining Bitcoin and Ethereum (weighted by free-float market capitalization). The agency has authorized Nasdaq to list the Hashdex Nasdaq Crypto Index US ETF and the CBOE BZX Exchange to list the Franklin Crypto Index ETF. The Hashdex ETF will track the two crypto-assets based on the market capitalizations and prices posted within the Nasdaq Crypto Index. The Franklin ETF will use the will directly use the CF Institutional Digital Asset Index as its valuation source. One of the main factors that the SEC considered for this filing is on surveillance-sharing, an agreement between exchanges to share trading data and essential market information to help detect and prevent fraud and manipulation across connected markets. https://www.sec.gov/files/rules/sro/nasdaq/2024/34-101998.pdf https://www.sec.gov/files/rules/sro/cboebzx/2024/34-101963.pdf
John Kiff

Cboe to launch cash-settled bitcoin ETF options - 0 views

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    Cboe Global Markets will launch cash-settled spot bitcoin (BTC) index options on December 2, 2024. Regulated by the U.S. Securities and Exchange Commission (SEC), they will be based on the Cboe Bitcoin U.S. ETF Index (CBTX), which tracks a basket of U.S.-listed spot BTC exchange-traded funds (ETFs). The options will be cash-settled, so that positions are closed in cash at expiration, removing the complexities of physical ETF delivery. Also, they will be exercisable only on the expiration date ("European style") to eliminate early assignment risk. This follows the November 18 NASDAQ announcement of plans to list options on BlackRock's BTC ETF, after the Commodities Futures Trading Commission (CFTC) cleared the Options Clearing Corporation to oversee the market a few days earlier. https://www.cftc.gov/PressRoom/PressReleases/9008-24 https://www.bloomberg.com/news/articles/2024-11-18/nasdaq-poised-to-list-spot-bitcoin-etf-options-amid-crypto-rally
John Kiff

A Third Bitcoin ETF in Canada Is Set to Launch - 0 views

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    The CI Galaxy Bitcoin ETF launched under the symbol BTCX on the Toronto Stock Exchange. The new ETF will join the Purpose Bitcoin ETF (BTCC) and Evolve Bitcoin ETF (EBIT), both of which launched in February.
John Kiff

Valkyrie Digital Assets Files for Bitcoin ETF - 0 views

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    Valkyrie Digital Assets filed an application with the U.S. Securities and Exchange Commission (SEC) on January 22 for a bitcoin exchange-traded fund (ETF), the second such filing in the last 30 days. At the end of December 2020, VanEck re-submitted an application to the SEC for a VanEck Bitcoin Trust ETF. Over the years the SEC has rejected bitcoin ETF proposals due to market integrity concerns. Now, with a new administration causing a changing of the guard at the SEC, it is widely hoped by crypto advocates that such an ETF will be approved in 2021.
John Kiff

A Third Bitcoin ETF Takes Aim at North American Market - 0 views

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    CI Global Asset Manager filed a preliminary prospectus for its CI Galaxy Bitcoin ETF Bitcoin exchange-traded fund (ETF) with the Ontario Securities Commission. The ETF, if approved, would be Canada's third after Evolve and Purpose launched their own this week. Purpose's ETF launched yesterday on the Toronto Stock Exchange.
John Kiff

How to buy Bitcoin ETFs - 0 views

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    Bitcoin exchange-traded funds (ETFs) provide a simple way to obtain exposure to Bitcoin without physically owning it. These funds monitor performance, combining the advantages of traditional stock market investments with the promise of digital assets. Whether you are an experienced investor or a crypto novice, Bitcoin ETFs are a financial product to explore. This article will help you navigate the world of Bitcoin ETFs. You will learn what these funds are, how to make smart investing decisions and the steps to buy these ETFs.
John Kiff

SEC acknowledges Grayscale's XRP and DOGE ETF filings - 0 views

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    On February 13, 2025 the U.S. Securities and Exchange Commission (SEC) acknowledged filings from crypto-asset manager Grayscale to list spot XRP and Dogecoin exchange-traded funds (ETFs). The SEC has 240 days following the submission of the filings to the federal register to decide whether they get the green light, which would put the deadline in mid-October 2025. In prior weeks, the SEC had also acknowledged applications for Litecoin and Solana ETFs. The decision on an XRP ETF may be complicated by the SEC's lawsuit against Ripple Labs regarding XRP's security status. Dogecoin's path to approval could be more straightforward as it adopts many facets of Bitcoin, for which the SEC has approved ETF products. https://www.sec.gov/files/rules/sro/nysearca/2025/34-102420.pdf https://www.sec.gov/files/rules/sro/nysearca/2025/34-102416.pdf
John Kiff

Valkyrie joins rush with BTC spot ETF application - 0 views

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    Cryptocurrency fund manager Valkyrie is filing with the U.S. Securities and Exchange Commission (SEC) to launch a bitcoin spot exchange-traded fund (ETF). BlackRock, WisdomTree and Invesco have recently filed similar applications,  and Fidelity will reportedly follow suit. Valkyrie has already several bitcoin-related investment vehicles in the United States, including bitcoin futures ETFs and Valkyrie Bitcoin Miners ETF, which tracks securities of companies that derive their revenue or profits from bitcoin mining.
John Kiff

Launch of the first US bitcoin ETF: mechanics, impact, and risks - 0 views

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    "The first US bitcoin (BTC) exchange-traded fund (ETF), "BITO", started trading on 19 October 2021. The fund debuted as one of the most heavily traded ETFs in market history, attracting more than $1 billion in assets in the first few days. Subsequently, the ETF accumulated a significant share of all short-term bitcoin futures contracts, reaching about one third of the underlying futures market just 10 days after its launch (Graph A, first panel). This box explains how the futures-based structure of BITO differs from that of more traditional, non-futures-based equity ETFs and analyses the possible implications for prices and risks."
John Kiff

SEC Delays VanEck Bitcoin ETF Application-Again - 0 views

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    The U.S. Securities and Exchange Commission (SEC) has delayed its decision on VanEck's VanEck Bitcoin Trust exchange-traded fund (ETF). On June 15, the SEC also postponed its decision on Kryptoin's ETF filing. The SEC has yet to approve any Bitcoin ETF, with chairpeople frequently citing manipulation and a lack of transparency in the crypto market as key reasons.
John Kiff

SEC Wants Second Look at Bitwise Bitcoin ETF Proposal - 0 views

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    The U.S. SEC is reviewing its order issued last week pertaining to a rejected proposal for a bitcoin ETF. The proposal was filed by NYSE Arca for the Bitwise Bitcoin ETF Trust. Meanwhile, the SEC is also evaluating a proposed rule change for a different type of bitcoin ETF.
John Kiff

Bitcoin-Centric NYDIG Files For A Bitcoin ETF - 0 views

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    New York Digital Investment Group (NYDIG) joined the crowd and registered with the U.S. Securities and Exchange Commission (SEC) for a Bitcoin exchange-traded fund (ETF). The firm, a Bitcoin-centric subsidiary of Stone Ridge Asset Management, joins Valkyrie Digital Assets and Vaneck that have already submitted their bitcoin-based ETF filings. Morgan Stanley would act in the capacity of an initially authorised participant and the Delaware Trust Company would be the trustee. However, the SEC is yet to approve a Bitcoin ETF on concerns around Bitcoin's volatility, and its high potential for price manipulation.
John Kiff

Ontario securities regulator grants approval to second bitcoin ETF in less than a week - 0 views

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    The Ontario Securities Commission (OSC) has approved the Evolve Bitcoin ETF Bitcoin exchange-traded fund (ETF) just days after the regulator greenlit the Purpose Bitcoin ETF. The approval paves the way for a listing on the Toronto Stock Exchange (TSX). As is the case with Purpose, Cidel Trust Company, a subsidiary of Cidel Bank Canada, is the Evolve's custodian, and Gemini is serving as sub-custodian.
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