Bitcoin ETF Proposals In The US Pick Up Pace With New Regulatory Filings

Bitcoin ETF Proposals In The US Pick Up Pace With New Regulatory Filings
фото показано с : zycrypto.com

2021-9-27 19:01

The chances of a Bitcoin ETF in the US have been significantly increased in the face of new filings from firms.Filings from Amplify, Invesco, and Galaxy Digital are the latest cryptocurrency ETF bids submitted to the SEC.The US currently plays second fiddle to Canada, which launched its bitcoin ETF early this year.

The air is rife with optimism that cryptocurrency ETFs might become a thing amid renewed interest in the space. Firms are filing applications with the US SEC and the latest from Amplify, Invesco and Galaxy Digital form part of a long list of applications that the Commission will have to review.

Amplify, Invesco and Galaxy Digital Take The Bull By The Horn

Invesco and Galaxy Digital teamed up to file a joint application for a physically-backed bitcoin ETF that will track the target index by holding all or a fraction of the underlying asset. Invesco, an investment managing company has filed for a futures-linked bitcoin ETF in the past with a ruling slated for October. This latest filing may be construed as Invesco playing it safe by not putting their eggs in one basket.

On the other hand, the application by Amplify is an encompassing one as it aims for a decentralized finance and crypto ETF. The far-reaching nature of this type of ETF will allow Amplify to invest in bitcoin futures and firms that have over 50% of their holdings in bitcoin and ether. The filing disclosed that the firm will invest 15% of its total assets in Grayscale Bitcoin Trust (GBTC) and Canadian bitcoin ETF investing in bitcoin.

Although Amplify is yet to fill in the role of a bitcoin custodian, optimism is at an all-time high for the approval of such an ETF.

Is The US Ready For A Bitcoin ETF

After a series of rejections by the SEC, the community began to lose faith in the fact that a Bitcoin ETF could become a reality. Bloomberg’s analyst, Mike McGlone stated that the first US Bitcoin ETF is within sight. He made this known in an interview with Daniela Cambone, stating that this could “potentially happen in October”.

SEC Chair Gary Gensler hinted that the most likely type of crypto ETF to be approved is a futures-backed ETF over a physically-backed ETF. McGlone shares a similar stance with the head of the SEC and believes that a futures-backed ETF would create a window for “massive amounts of money inflow.” He also noted that the lawmakers would want to rein the capital outflows out of the country to Canada given the success of their Bitcoin ETF experiment.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

EthereumFog (ETF) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 ETF

filings etf bitcoin new galaxy invesco sec

Источник: zycrypto.com

filings etf → Результатов: 29


Фото:

The SEC Is Delaying Another Bitcoin ETF Decision

The United States Securities and Exchange Commission (SEC) is in no hurry to review the pile of Bitcoin ETF filings it has been accumulating over the past year. Not three weeks since postponing its decision on five other Bitcoin ETFs, the SEC has indicated in a public statement that it will be delaying its decision to approve or reject SolidX Bitcoin Shares until late September.

2018-8-8 17:15


VanEck Lobbies SEC over Bitcoin ETF, Commission Delays Direxion Bitcoin ETF Decision

VanEck has written to the United States Securities and Exchange Commission (SEC) in new efforts to convince the regulator to approve Bitcoin exchange-traded funds (ETF). At this point, the Commission has remained unwilling to approve any cryptocurrency ETF filings, citing reasons relating to liquidity, volatility, and pricing among other issues in the crypto market. Bitcoin […]

2018-7-25 13:17


Фото:

Bitwise Files With SEC for Cryptocurrency ETF

Bitwise Asset Management is the latest venture to apply for a cryptocurrency exchange-traded fund (ETF). Called the Bitwise HOLD 10 Cryptocurrency Index Fund, the ETF will track the returns of the company’s HOLD 10 Index, a “market-cap-weighted index of the 10 largest cryptocurrencies” that captures roughly 80 percent of the total cryptocurrency market capitalization.

2018-7-25 02:18


VanEck Lobbies SEC over Bitcoin ETF, Commission Delays Direxion Bitcoin ETF Decision

VanEck has written to the United States Securities and Exchange Commission (SEC) in new efforts to convince the regulator to approve Bitcoin exchange-traded funds (ETF). At this point, the Commission has remained unwilling to approve any cryptocurrency ETF filings, citing reasons relating to liquidity, volatility, and pricing among other issues in the crypto market.

2018-7-25 01:02


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Price Takes a Sharp Dip: Is This Just a Correction?

Bitcoin price is correcting gains from the $73,500 zone. BTC is back below the $70,000 level and showing a few bearish signs. Bitcoin started a fresh decline from the $73,500 zone. The price is trading below $71,500 and the 100 hourly Simple moving average.

Bitcoin Price Nears All-Time High: Can It Push Past the Mark?

Bitcoin price is rallying above the $72,000 zone. BTC is up over 5% and it could soon aim for a new all-time high above $73,500. Bitcoin started a fresh increase above the $70,000 zone. The price is trading above $70,500 and the 100 hourly Simple moving average.

Bitcoin Price Rallies Above $70K: Is a New High Within Reach?

Bitcoin price is rallying above the $70,000 zone. BTC is up over 5% and it could soon aim for a move above the $72,000 resistance zone. Bitcoin started a fresh increase above the $68,000 zone. The price is trading above $70,000 and the 100 hourly Simple moving average.

Bitcoin Price Targets Gradual Rise: Will the Uptrend Hold?

Bitcoin price is attempting a fresh increase above the $67,000 zone. BTC could gain pace if it clears the $68,750 resistance zone. Bitcoin started a fresh increase from the $65,500 zone. The price is trading above $67,200 and the 100 hourly Simple moving average.

Bitcoin Price Eyes Further Gains: Can It Keep Climbing?

Bitcoin price is attempting a fresh increase above the $37,000 zone. BTC could gain pace if it clears the $68,800 resistance zone. Bitcoin started a fresh increase from the $65,200 zone. The price is trading above $67,500 and the 100 hourly Simple moving average.