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JPMorgan Backs Bitcoin to Rise 28%, Saying Cryptos are Preferred Alternative Asset

U.S.-based global investment bank JPMorgan disclosed on a note on Wednesday that the fair price of Bitcoin is 28% higher than its current level, implying "significant...

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Bitcoin ETF Inflows Break ATH; Is BTC Price On Way To New Highs?

Major Bitcon ETFs are breaking records in terms of BTC inflows. The United States’ first bitcoin (BTC) linked Exchange-traded fund (ETF), ProShares ETF which trades under the ticker BITO on the New York Stock Exchange has secured a new achievement. As per Arcane Research, the total Bitcoin exposure in the BITO ETF has created a

The post Bitcoin ETF Inflows Break ATH; Is BTC Price On Way To New Highs? appeared first on CoinGape.

Institutions increase exposure to Grayscale Bitcoin Trust as GBTC discount nears 30%

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More capital enters the flagship Grayscale trust as it eyes regulator approval to become an exchange-traded fund later this year.

Macro Funds Aim To Add Exposures to Bitcoin Futures, Crypto ETFs

ETF

A mutual fund by LoCorr Funds and an ETF by Arrow Funds propose to invest in the cryptoasset indirectly

The post Macro Funds Aim To Add Exposures to Bitcoin Futures, Crypto ETFs appeared first on Blockworks.

Congress To Continue Overseeing SEC On Bitcoin, Crypto Spot ETFs

US Congressmen Lobby SEC Chairman Gary Gensler To Authorize A Spot Bitcoin ETF
The team behind the Polygon blockchain has game-changing plans around scalability. One of these is centered around...

South Korea’s Kookmin Bank to Release Crypto ETFs

Kookmin Bank (KB) might become the first monetary organization to release cryptocurrency ETFs in South Korea.

SEC Has Received 200 Letters On Grayscale’s Bitcoin ETF

Key Takeaways The SEC has been inundated with comments from the public in regard to Grayscale’s plans for a Bitcoin spot ETF. The regulator has...
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SEC to Give “Careful Consideration” to Concern about Spot BTC ETFs: Gensler

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Gary Gensler, Chairman of the United States Securities and Exchange Commission (SEC), has promised to give a “Careful Consideration” about spot Bitcoin Exchange Traded Products (ETPs). (Read More)

SEC chair says concerns about lack of spot Bitcoin ETF under ‘careful consideration’

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SEC building in Washington DC, USA Gary Gensler said the US Securities and Exchange…

The post SEC chair says concerns about lack of spot Bitcoin ETF under ‘careful consideration’ appeared first on Coin Journal.

How Is CME Shaping Bitcoin Futures?

Analyzing the role that the Chicago Mercantile Exchange (CME) has played in the bitcoin futures market.

Grayscale Could Convert The Bitcoin Trust to an ETF, Investors Firmly in Support

The U.S. Securities and Exchange Commission (SEC) has opened up a public discussion in regards to converting the Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund (ETF) and the feedback is overwhelmingly in support. After years of not being able to get a spot Bitcoin ETF past regulators, the conversation has shifted to converting Grayscale’s […]

The post Grayscale Could Convert The Bitcoin Trust to an ETF, Investors Firmly in Support appeared first on Coin Bureau.

Bitcoin Spot ETF Inches Closer As The SEC Asks The General Public For Comments Regarding Grayscale’s Application

US SEC Ruins Christmas For Cryptocurrency Investors With Yet Another Bitcoin Spot ETF Rejection
The SEC requests comments from the public as it considers Grayscale’s spot Bitcoin ETF application. The Commission raised similar concerns as with other spot Bitcoin ETFs. The move implies the decision would be delayed by another 35 days at least. The SEC has requested comments from the public as it weighs its decision on the […]

Valkyrie Bitcoin Mining ETF “WGMI” Approved For Nasdaq Listing

Crypto asset management firm Valkyrie will have a new exchange-traded fund (ETF) listed on the Nasdaq this week. The stock exchange will be listing Valkyrie’s new ‘Bitcoin Mining ETF,’ an investment vehicle that will supply assets that provide exposure to company securities “deriving at least 50% of their revenue or profits” from Bitcoin or crypto mining, or hardware and software related to crypto mining. Valkyrie… Going To Make It? Spot Bitcoin and crypto ETFs are yet to hit the market in the U.S., hampered by the SEC’s timid approach on accepting such ETFs. However, in recent months, the SEC has finally become warm to the idea of future’s ETFs, starting with the ProShares ETF and VanEck Bitcoin ETF. Last October was indeed a monumental month for publicly-traded markets and crypto, with Valkyrie joining the likes of ProShares, Invesco, and several other investment firms that sought out crypto-focused ETF offerings. Valkyrie’s latest ETF, ‘WGMI’ (an homage to famed crypto phrase, “we’re gonna make it”), will start trading at the opening bell for the Nasdaq beginning tomorrow, Tuesday February 8th. Valkyrie has established that 80% of portfolio holdings in the ETF will reflect securities of firms that are generating a majority of their revenue or profit from crypto mining, or from hardware and/or software related to crypto mining. The remaining 20% of the ETF’s net assets will be allocated towards firms that hold “a significant portion of their net assets” in Bitcoin and crypto. The ETF will carry a 0.75% expense ratio. Related Reading | Bitcoin On Track To $50K, Why BTC Whales May Blaze The Trail Bitcoin has been showing strong signs of righting the ship after a tough start to the new year. Will Valkyrie's latest ETF, and other publicly-traded securities help bolster adoption? | Source: BTC-USD on TradingView.com What We Can Expect WGMI is the third in line for Valkyrie’s now-accepted ETFs, following behind the firm’s broad Bitcoin futures ETF and “Balance Sheet Opportunities ETF,” which holds firms that “directly or indirectly invest in, transact in, or otherwise have exposure to bitcoin.” While we know that this new Valkyrie ETF won’t possess direct crypto holdings, expect some of the biggest mining names to make the cut, such as Hive, Bitfarms, Marathon and more. With the 20% allocated towards firms with substantial net assets in Bitcoin, we could also see the likes of MicroStrategy and other major players make the WGMI holdings. Additionally, the fund has noted that the firm’s holdings use about 77% renewable energy, double the average of common publicly-traded companies. Related Reading | The Bear Signal That Suggests Another Bitcoin Crash Is Coming Featured image from Pixabay, Charts from TradingView.com The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.
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