ETH ETFs Are Inevitable — But When?
As the SEC delays applications from Grayscale and BlackRock, Daniel Kuhn looks at how soon regulators might approve these investment products.
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As the SEC delays applications from Grayscale and BlackRock, Daniel Kuhn looks at how soon regulators might approve these investment products.
The U.S. Securities and Exchange Commission delayed an application by Grayscale Investments to convert its Ethereum trust product into an exchange-traded fund (ETF), a day after pushing back a decision on an application from BlackRock to launch an ether ETF.
As a financial advisor, it is crucial to understand that there is no one-size-fits-all approach to crypto custody. Instead, the most suitable solution depends on your client’s specific needs, goals, and risk appetite.
The days of rising crypto prices lifting all boats, including mining stocks, may be gone. But it still looks like being a good year for digital assets, says Alex Tapscott.
As the crypto industry matures, regulators have indicated they will continue to focus on crypto after the spot bitcoin ETF approvals.
CoinShares said the decision is a direct result of the SEC’s approval of the listing of a spot bitcoin ETF.
The investment fund bought $9.2 million worth of BITO shares while selling $27.6 million worth of COIN.
The statement from the SFC and HKMA comes as expectations mount the U.S. SEC is on the verge of approving a spot bitcoin ETF.
Crypto asset manager Grayscale has hired former Invesco Head of Americas John Hoffman to lead its distribution and partnerships team, six weeks before a decision is set to come out on whether the company will be allowed to launch a spot bitcoin [BTC] exchange-traded-fund (ETF).
The race to provide a key bit of infrastructure for bitcoin [BTC] ETFs – custody services – hasn’t actually been much of a race so far. Crypto exchange Coinbase has dominated so far, winning the job from the majority of applications from the likes of BlackRock, WisdomTree and Valkyrie.