Top wirehouses will become involved with spot Bitcoin ETFs, Galaxy executive says

Top wirehouses will become involved with spot Bitcoin ETFs, Galaxy executive says
фото показано с : cryptoslate.com

2024-2-20 02:00

A representative from Galaxy has predicted that spot Bitcoin ETFs will gain further adoption in the coming months, as reported by FOX Business on Feb. 19.

Steve Kurz, global head of Galaxy Asset Management, said:

“I’d be surprised in the next year if the top 10 wirehouses are not involved in this … We will probably see institutional FOMO.”

FOX Business journalist Eleanor Terrett contextualized that statement by noting that companies that offer spot Bitcoin ETFs have been “inundated with questions from financial advisers.”

She noted that some advisers are not currently allowed to recommend spot Bitcoin ETFs to clients because their firms must first perform due diligence on the products and their market performance. Current restrictions seemingly leave room for the future institutional adoption described above.

Because the term “wirehouse” is not clearly defined, it is not clear precisely which firms Kurz expects to adopt spot Bitcoin ETFs. Investopedia notes that the term is anachronistic but lists leading wirehouse firms as Bank of America/Merrill Lynch, Goldman Sachs, Wells Fargo, and JP Morgan Chase.

According to Investopedia, a number of online brokerage and robo-advisor platforms currently trade spot Bitcoin ETFs, including Fidelity, Robinhood, Charles Schwab, eToro, and others.

Galaxy offers the Invesco Galaxy Bitcoin ETF (BTCO). The fund is the sixth largest of its type, with $314 million in assets under management. It saw $11.35 million in trading volume today.

Crypto was a key focus at Miami event

Terrett obtained Kurz’s comments during the Exchange ETF Conference in Miami Beach, Florida. She added that Bitwise, Grayscale, and Galaxy discussed their successful spot Bitcoin ETF launches during a panel and called this the most “well-attended panel of the entire conference.”

Terrett previously reported the panel’s comments on pending spot Ethereum ETFs. According to that earlier report, executives at all three firms predict a 50% chance that the US Securities and Exchange Commission (SEC) will approve a spot Ethereum ETF by May.

The SEC must decide on VanEck’s spot Ethereum ETF application on May 23 and is expected to rule on other similar applications simultaneously. It is not required to approve any ETF at that time.

The post Top wirehouses will become involved with spot Bitcoin ETFs, Galaxy executive says appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Galaxy eSolutions (GES) 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 GES

galaxy bitcoin etfs spot wirehouses involved says

Источник: cryptoslate.com

galaxy bitcoin → Результатов: 126


As Bitcoin Reaches 19-Month High, Galaxy Fox Hits $400,000 in Stage 2 Presale

The digital landscape is pulsating with energy, and there’s a lot to unpack. Bitcoin (BTC), a giant among cryptocurrencies, is soaring to a 19-month high and creating a buzz in the market. Galaxy Fox’s first stage presale has now sold out! Let’s delve into the stories of Bitcoin’s resurgence and the meteoric rise of Galaxy … Continued The post As Bitcoin Reaches 19-Month High, Galaxy Fox Hits $400,000 in Stage 2 Presale appeared first on BeInCrypto.

2023-12-2 12:00


Фото:

Galaxy Digital’s Mike Novogratz Predicts Ethereum to Dwarf Bitcoin

Mike Novogratz has joined the growing list of crypto enthusiasts that believe in Ethereum’s (ETH) potential to become the world’s largest cryptocurrency. The Galaxy Digital CEO has also made it clear that while bitcoin (BTC) has come to stay, the community still needs to work harder to educate financial regulators on the workings of theRead More

2021-7-2 21:00


Galaxy Digital будет хранить активы своих фондов на платформах Bakkt и Fidelity

Фонды Galaxy Bitcoin Fund и Galaxy Institutional Bitcoin, недавно запущенные криптовалютным банком Galaxy Digital, будут хранить свои активы на платформах Bakkt и Fidelity. Минимальная сумма для инвестирования в первый фонд – Galaxy Bitcoin Fund – составляет $25 000, при этом выплаты прибыли осуществляются ежеквартально.

2019-11-20 19:29


Galaxy Digital запустила два биткоин-фонда при поддержке Bakkt, Fidelity и Bloomberg

Возглавляемая Майком Новограцем компания Galaxy Digital Holdings Ltd. объявила о запуске двух биткоин-фондов — Galaxy Bitcoin Fund и Galaxy Institutional Bitcoin Fund, сообщается в пресс-релизе. Пассивные фонды на базе подразделения Galaxy Digital Capital Management LP предлагают институциональным и аккредитованным инвесторам вложения в биткоин через подтвержденных поставщиков услуг.

2019-11-20 20:09


Майк Новограц: Цена Bitcoin возобновит исторический максимум до конца года

Миллиардер, биткоин-энтузиаст и глава криптоторгового банка Galaxy Digital Майк Новограц (Mike Novogratz) в интервью Bloomberg заявил, что, по его мнению, цена биткоина до конца текущего года вновь вырастет до исторического максимума в $20000 за единицу.

2019-10-29 14:10


Novogratz Hints at Galaxy Digital Launching Two New Bitcoin Funds Amidst the Market Slump

Amidst the ongoing downturn, Galaxy Digital’s chief executive officer has announced that a new Bitcoin fund is coming. While speaking to CNBC’s Squawk Box on Oct. 24, Novogratz hinted at plans to launch this fund that will allow people easy access to the flagship cryptocurrency. He explained, “It is just a Bitcoin fund that takes […]

2019-10-25 17:19


Novogratz Is Bullish On Bitcoin; As Galaxy Digital, Leads $20M Funding For Current Mobile Banking App

Galaxy Digital CEO, Mike Novogratz remains bullish on Bitcoin’s long term price while speaking in an interview with CNBC on Thursday. The bullish statements follow the recent investment in Current, a millennial and Gen-Z focused bank with a blockchain wallet, by Galaxy Digital, who led the $20 million Series B funding round. Mike further confirmed […]

2019-10-25 23:28


Mike Novogratz’s Galaxy Digital to Launch Bitcoin Fund

After Wednesday’s crypto crash that left bitcoin trading at the $7,500 level, many investors never thought they’d see this kind of buying opportunity again. Now market leaders are predicting that the BTC price could have further to fall before regaining its upward momentum alongside improving fundamentals, which if they’re right could play out before the […] The post Mike Novogratz’s Galaxy Digital to Launch Bitcoin Fund appeared first on CCN.com

2019-10-24 18:30


Ставки на Bitcoin растут

Генеральный директор крипто-инвестиционного банка Galaxy Digital говорит, что учреждения начинают делать ставки на биткойны. Продвижение и принятие В своем новом интервью Bloomberg TV Майк Новограц говорит, что три крупнейших фонда в США вложили средства в крипто-фонды.

2019-9-2 19:13


Чанпэн Чжао приобретет смартфон Samsung Galaxy S10 из-за начала поддержки Binance Coin

Глава криптовалютной биржи Binance Чанпэн Чжао пообещал приобрести смартфон Samsung Galaxy S10, в котором появилась поддержка биткоина, токена BNB и стейблкоинов. Not a small deal, right? Guess which phone I will be buying and recommending to all of my friends! It's spreading.

2019-8-31 18:24


Чанпэн Чжао пообещал купить Galaxy S10, добавивший поддержку Binance Coin

Глава криптовалютной биржи Binance Чанпэн Чжао пообещал приобрести смартфон Samsung Galaxy S10, в котором появилась поддержка биткоина, токена BNB и стейблкоинов. Not a small deal, right? Guess which phone I will be buying and recommending to all of my friends! It’s spreading.

2019-8-30 17:14


Новограц объяснил падение Bitcoin. Предприниматель уверен, что рынок криптовалют остается «бычьим»

Майк Новограц, предприниматель и владелец криптовалютного банка Galaxy Difgital, полагает, что уход цены Bitcoin ниже отметки в 10 тысяч долларов, что стало наблюдаться 29-30 августа, ни в коем случае не говорит о том, что «криптозима» возвращается.

2019-8-30 15:29


Майк Новограц: текущее снижение курса bitcoin – простая коррекция

По мнению основателя банка Galaxy Digital Майка Новограца, падение bitcoin ниже уровня $10 тыс. — не повод сомневаться в возможностях дальнейшего роста актива. Об этом специалист рассказал во время своего интервью Bloomberg TV.

2019-8-29 12:13


Фото:

Crypto Firm BlockFi Raises $18.3 Million in Latest Funding Round

In a press release issued on August 6, 2019, cryptocurrency management firm BlockFi announced that it had raised $18. 3 million in a Series A funding round. Per sources in the know, the venture round was led by Valar Ventures and saw participation from Winklevoss Capital, Galaxy Digital, ConsenSys Ventures, Akuna Capital, and Morgan Creek, amongRead MoreRead More.

2019-8-7 01:00


Фото:

Мнение: проблемы мировой экономики подтолкнут bitcoin к росту

Глава криптовалютного банка Galaxy Digital Майк Новограц считает, что активный рост bitcoin продолжится. По мнению специалиста, позитивное движение курса актива объясняется нюансами макроэкономического и геополитического положения.

2019-8-6 09:33


Galaxy Digital CEO, Mike Novogratz: Investors Should Place 2% to 3% of their Wealth in Cryptos

Mike Novogratz, CEO and founder of Galaxy Digital, spoke in an interview with CNBC praising the vegetarian meat startup, Beyond Meat, and further stating his “fearful” price of Bitcoin (BTC). The cryptocurrency enthusiast further called on investors to invest some of their wealth in cryptocurrencies. Novogratz to investors: Have 2-3 % of the Wealth In […]

2019-8-2 16:57


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitwise запустит ETF на базе биткоина и Ethereum

Управляющая цифровыми активами компания Bitwise подала в SEC заявку по форме S-1 на запуск комбинированного ETF на базе биткоина и Ethereum. Биржевой продукт предлагает экспозицию спотовых цен двух крупнейших по капитализации криптовалют на основе индексов от CME.

Bitcoin Price Could Peak In 200 Days, Before US Recession In Mid-2025, Report Says

The current Bitcoin (BTC) rally could extend until mid-2025, with a potential price peak before a US recession. Bitcoin Could Peak In Mid-2025 Before US Recession A recent Copper Research report, a recent crypto research firm, posits that the leading cryptocurrency by market cap could extend its bullish momentum until mid-2025.