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Bitcoin ETFs
Indian cryptocurrency investment platform Mudrex will offer U.S. spot-bitcoin exchange-traded funds (ETFs) to Indian investors, both institutions and retailers, CEO and co-founder Edul Patel said.
Inflows significantly accelerated last week, indicating increasing demand for new spot-based ETFs, CoinShares’ head of research James Butterfill said.
(Cheyenne Ligon/CoinDesk)
The exchange-traded funds will allow better access to bitcoin through regulated entities and draw institutional investors, but the crypto is still a very small asset class, CoinDesk was told.
One train of thought says that SEC approval of spot bitcoin ETF will send the market flying. Here’s how that could play out. In a separate post, we review the bear case, where the market may not react with such optimism.
We see a 98% chance of approval in the next couple of weeks and the high likelihood of a Bitcoin rally to follow.
Possible approval of bitcoin ETFs in 2024 is likely to change perceptions of digital assets following a year when the industry faced a backlash, Beth and Clay Haddock argue.
Would-be bitcoin exchange-traded fund (ETF) issuer Hashdex changed its paperwork Friday, naming BitGo as its bitcoin custodian and changing the name of its Bitcoin Futures ETF to the Hashdex Bitcoin ETF as it – and other companies – continue to hope for an approval for the U.S.’s first spot bitcoin ETF early in the new year.
The U.S. Securities and Exchange Commission (SEC) is delaying any decision on efforts by Hashdex and Grayscale to convert existing investment products into exchange-traded funds, according to a set of filings on Wednesday.
The Securities and Exchange Commission (SEC) has one last short window, an eight-day period starting Thursday, if it wants to approve all 12 spot bitcoin (BTC) ETF applications this year, Bloomberg analysts wrote in a note on Wednesday.