SEC rejects Valkyrie, Kryptoin spot Bitcoin ETF proposals

    The US Securities and Exchange Commission (SEC) rejected on December 23 two proposals by Kryptoin and Valkyrie investment firms for spot Bitcoin exchange-traded funds (ETFs). Rejecting Bitcoin spot-ETFs, the SEC has also disapproved of any creative products such as leveraged or inverse futures backed ETFs. The most remarkable year for cryptocurrencies yet is coming to…

    The first Bitcoin ETF and the market: lovers to nemeses?

    The US Securities and Exchange Commission (SEC) has approved the launch of the Bitcoin Strategy ETF. The exchange-traded fund (ETF) buys cryptocurrency (in this case, bitcoin), and sells shares to stock exchange investors. The first U.S. exchange-traded bitcoin fund has been listed on the New York Stock Exchange since October 19. Investors now have access…

    US regulator rejects VanEck Bitcoin spot ETF application

    The US Securities and Exchange Commission (SEC) has rejected a proposal to launch a spot Bitcoin exchange-traded fund (ETF) that would actively track the price of BTC. Cboe BZX exchange had applied back in March; however, the SEC stated that not enough was done to protect investors from fraudulent trading. The Commission says the proposal…

    Bitcoin ETFs: Guide for beginners

    A new way of trading and investing in crypto technology Bitcoin ETFs made headlines in 2018. Proponents of ETFs describe them as tools for driving Bitcoin adoption and a shortcut to introducing investors to the full potential of cryptos. Here is a beginner’s guide to Bitcoin ETFs written by Cryptonews. What is an Exchange-Traded Fund…

    $1.5 Billion: Cryptocurrencies faced record inflows, as the Bitcoin ETFs trading launched

    Investors poured a record $1.5 billion into the cryptocurrency market last week, as the first-ever Bitcoin ETF kicked off trading, with the underlying asset itself hitting an all-time high, digital asset manager CoinShares’ report said on Monday. The 10th straight week of inflows was also the largest ever, far surpassing the prior weekly record of…

    Bitcoin hit an all-time high of above $66,000 after landmark US ETF launch

    Wednesday Bitcoin hit a new all-time high as investors acclaimed the successful launch of the first US Bitcoin futures exchange-traded fund (ETF). According to Coin Metrics, the world’s largest cryptocurrency surged 4%, passing the $66,900 level, topping a previous record of $64,899 set in mid-April. However, JPMorgan strategists believe the key driver behind the price…