ETF Investing Tools While the first day of spot bitcoin ETF trading appeared to be a rousing success with nearly $5 billion in the funds trading hands, big asset managers including Vanguard Group stayed on the sidelines and didn’t allow investors access to the new products. According to different published reports, Citigroup Inc., Bank of America […]
Just before 2023 ended, ARK Invest CEO Cathie Wood sold all of the company’s remaining Grayscale Bitcoin Trust (GBTC) holdings. The firm’s Next Generation Internet Fund (ARKW) sold 2.25 million shares of GBTC and used some of those holdings to purchase 4.32 million shares of the ProShares Bitcoin Strategy ETF (BITO). While both GBTC and […]
Shortly before the US Securities and Exchange Commission approved spot bitcoin exchange-traded funds (ETFs) on Wednesday night, it reissued a “no FOMO” warning to investors. The warning not to invest over “fear of missing out” emphasized the volatility of digital assets, noting how trendy cryptocurrency investments go through extreme highs and lows, representing billions of […]
(Bloomberg) — South Korea sought to choke off a potential flood of speculative cash heading to US spot Bitcoin exchange-traded funds, stoking confusion and roiling a slew of stocks. Most Read from Bloomberg The Financial Services Commission, the country’s securities regulator, said Thursday that brokering such ETFs may violate the existing government stance on virtual […]
By Manya Saini and Niket Nishant (Reuters) – Several exchange-traded funds (ETFs) tied to the spot price of bitcoin will start trading in the U.S. on Thursday before the bell in a landmark moment for the cryptocurrency industry that has been demanding regulatory approval for more than a decade. The green light from the U.S. […]
If you want to be invested in stocks but don’t want to spend time becoming a great stock analyzer and picker, consider exchange-traded funds (ETFs). They’re essentially funds that work much like stocks, permitting you to buy as few or as many shares as you want via your brokerage. And if you’re in or approaching […]
The moment the crypto world wanted finally happened Wednesday. And this time it was for real. Regulators on Wednesday gave money managers the green light to launch 11 spot bitcoin exchange-traded funds, allowing everyday investors to get exposure to the world’s largest cryptocurrency without having to own it. The ETFs, which begin trading Thursday, could […]
Updated Jan. 10, 2024 5:20 pm ET The U.S. Securities and Exchange Commission voted Wednesday to allow mainstream investors to buy and sell bitcoin as easily as stocks and mutual funds, a decision hailed by the industry as a game changer. The SEC decision clears the way for the first U.S. exchange-traded funds that hold […]
The U.S. Securities and Exchange Commission (SEC) has given the green light to 11 spot Bitcoin exchange-traded funds (ETFs). Today’s landmark approval includes ETFs from major asset management firms such as BlackRock, Grayscale, and Valkyrie, and is expected to pave the way for substantial investment inflows into the digital asset space. The SEC’s decision comes […]
The Securities and Exchange Commission on Wednesday granted approval to spot bitcoin exchange-traded funds, or ETFs, backed by Wall Street, a key regulatory step expected to drive significant investment in the digital currency. The agency gave the green light to multiple financial firms to offer spot bitcoin ETFs, including asset management giants like BlackRock, Fidelity […]
(Reuters) -Multiple issuers’ spot bitcoin exchange-traded funds (ETFs) are slated to begin trading on Thursday, according to notices posted on CBOE’s website on Wednesday. Among the ETFs listed for trading were Ark/21Shares Bitcoin ETF, Franklin Templeton Bitcoin ETF, WisdomTree Bitcoin Fund and Invesco/Galaxy Bitcoin ETF, according to filings. It was not immediately clear if the […]
The Cboe BZX Exchange has taken a significant step towards the potential approval of spot Bitcoin exchange-traded funds (ETFs) by formally requesting the U.S. Securities and Exchange Commission (SEC) to expedite the registration process. The exchange submitted a letter to the SEC dated Jan. 10 for spot Bitcoin ETFs from several asset managers, including Ark/21Shares, […]