Tag: ETFs

The second-largest stock exchange in the world has gone on record saying that it wants to launch bitcoin futures and is currently assessing how it can make its product different from the digital currency futures offered by rival Cboe and CME. Tentative ETF on the Horizon In her recent conversation with the CNBC, Adena Friedman, the chief executive of Nasdaq,…

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Christian Magoon, CEO of Amplify ETF, which sponsors the Amplify Transformational Data Sharing ETF, and Eric Ervin, CEO of Reality Shares, which sponsors the Reality Shares Nasdaq NextGen Economy ETF, have warned investors to refrain from buying shares of companies who just add blockchain to their names in order to boost their dwindling fortunes on the stock market, without being…

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The U.S. securities industry regulator, Securities and Exchange Commission (SEC), have denied the proposals of two wall street trade groups to create crypto-based exchange-traded funds (ETFs). Still a Risky Investment The SEC’s letter from Director of the SEC’s Investment Management Division Dalia Blass pointed that there are many unanswered questions before digital asset ETFs can be set in motion. The…

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In a move that is sure to raise many eyebrows in the investor’s community, the United States Securities and Exchange Commission (SEC) has requested several exchange-traded fund (ETF) providers to put their plans to create bitcoin ETF products on halt. What Prompted the SEC Move? Not only that, but the SEC has also slammed the brakes on two cryptocurrency mutual…

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The value of publicly traded shares of bitcoin or exchange-traded funds (ETFs) such as Bitcoin Investment Trust maintained by Barry Silbert-led Digital Currency Group’s Grayscale Investments has continued to surge since early 2015, substantially outperforming bitcoin. Bitcoin Investment Trust, which is publicly traded using the tracker GBTC is currently worth US$63 per share and has peaked to US$64.9 during the…

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ARK Invest, a manager of thematic Exchange-Traded Funds (ETFs) recently became the first public fund manager to invest in Bitcoin. As it was revealed in their press release, the investment in bitcoin made for their ARK Web x.0 ETF (NYSE Arca: ARKW) will happen by purchasing Grayscale‘s publicly traded shares of Bitcoin Investment Trust (OTCQX: GBTC). ARK Investment Management LLC,…

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