Fun

News Feed - 2023-06-30 11:06:21

Ana Paula Pereira9 hours agoUS SEC deems spot Bitcoin ETFs filings as inadequate: ReportIn the eyes of the SEC, the recent filings from BlackRock, ARK Invest, Fidelity and other asset managers are not “sufficiently clear and comprehensive.”7956 Total views7 Total sharesListen to article 0:00NewsJoin us on social networksThere may be a longer wait for a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States, as the Securities and Exchange Commission labeled investment managers’ recent applications inadequate.


According to The Wall Street Journal, the securities regulator told the Nasdaq and the Chicago Board Options Exchange (Cboe) that their filings are not “sufficiently clear and comprehensive.” These exchanges represent asset managers in the filing of the financial product.


In the eyes of the SEC, the exchanges should have named the spot Bitcoin exchange with which they would have a "surveillance-sharing agreement" or provided sufficient information about the details of those surveillance arrangements. However, asset managers can resubmit the filings after clarifying the information.


A flurry of applications has been filed over the past few weeks since BlackRock joined the list of companies seeking to debut the first spot Bitcoin ETF of Wall Street. BlackRock’s application introduced a “surveillance sharing agreement,” under which information about market trading and clearing activities are shared between entities to avoid the possibility of market manipulation.


BlackRock’s application led ARK Invest and 21Shares to amend their third application for a spot BTC ETF to include a similar surveillance agreement. Other asset managers that refiled or amended their applications in the past days include Invesco, WisdomTree, Valkyrie and Fidelity. ARK Invest, however, is reportedly a front-runner in this race.


ETFs track a specific index and are generally traded on exchanges. In the cryptocurrency market, a fund that tracks the price of one or multiple digital tokens and consists of various cryptocurrencies is called a cryptocurrency ETF. 


Spot Bitcoin ETFs have been denied since 2017 by the SEC. In Canada, however, the financial product is already available. Three significant funds — Purpose Bitcoin, 3iQ CoinShares and CI Galaxy Bitcoin — are all directly invested in spot Bitcoin.


Magazine: Bitcoin is on a collision course with ‘Net Zero’ promises# Bitcoin# Business# SEC# ETF# Adoption# Asset Management# Digital Asset ManagementAdd reactionAdd reactionRelated NewsCan memecoins be used as real currency?What is the International Monetary Fund, and how does it work?Don’t be naive — BlackRock"s ETF won"t be bullish for BitcoinBlackRock’s Bitcoin ETF ‘is the best thing to happen’ to BTC, or is it?Blackrock’s spot Bitcoin ETF renews optimism, sparks wave of new filings‘The Great Accumulation’ of Bitcoin has begun, says Gemini’s Winklevoss

News Feed

IMF: Global Economic Outlook Has ‘Darkened Significantly’ — Global Recession Cannot Be Ruled Out
IMF: Global Economic Outlook Has "Darkened Significantly" — Global Recession Cannot Be Ruled Out The head of the International Monetary Fund (IMF), Kristalina Georgieva, has warn
Bitcoin, Ethereum Technical Analysis: BTC Nears $21,000, ETH Above $1,640 on Saturday
Bitcoin, Ethereum Technical Analysis: BTC Nears $21,000, ETH Above $1,640 on Saturday Bitcoin was back in the green on Saturday, as bulls returned to cryptocurrency markets to star
Ethereum 'speculatory divergence' sees ETH price cling to $3K support
William Suberg13 hours agoEthereum "speculatory divergence" sees ETH price cling to $3K supportETH price action currently focuses on a key line in the sand for Ethereum short-term holders.1610 Total views10 Total sharesL
Tokenholders approve $7.5B AI merger
Zhiyuan Sun4 hours agoTokenholders approve $7.5B AI mergerThe Artificial Superintelligence Alliance’s new ASI token will begin trading next month and will be valued at $7.5 billion at launch.973 Total views14 Total sha
Telegram trading bot Solareum shutters days after $520K exploit
Martin Young2 hours agoTelegram trading bot Solareum shutters days after $520K exploitThe team cited insufficient funds, evolving market trends and a recent security breach for its closure.1116 Total views5 Total sharesL
US Government Bans Ethereum Mixer Tornado Cash, Platform Added to OFAC’s SDN List
US Government Bans Ethereum Mixer Tornado Cash, Platform Added to OFAC"s SDN List On Monday, the U.S. Treasury Department’s watchdog the Office of Foreign Asset Control (OFA
$15B Bitcoin Options Expire Today: Will This Send BTC Bull Token Soaring?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Prashant Jha13 hours agoSwiss crypto bank SEBA gets Hong Kong SFC licenseSEBA Bank began its quest for Hong Kong expansion in late 2022, setting up an office in November, with the firm obtaining an in-principle approval
Dollar to Play Lesser Role Due to Its Weaponization, Digital Currencies, Economist Jeffrey Sachs Says
Dollar to Play Lesser Role Due to Its Weaponization, Digital Currencies, Economist Jeffrey Sachs Says Within the next decade, the U.S. dollar will play a much less dominant role th
Marco Castrovilli8 hours agoHow AI is changing crypto: Hype vs. realityThe latest Cointelegraph Report assesses the value AI is bringing to the crypto industry by separating the hype from real use cases.528 Total views12
Derek Andersen3 hours agoUS CFPB proposes supervising digital app providers, including crypto walletsThe proposal would affect retail transactions carried out from crypto wallets, but not crypto trading.1101 Total views5
Bitcoin Network’s Mining Difficulty Drops for the First Time in 2 Months
Bitcoin Network"s Mining Difficulty Drops for the First Time in 2 Months Following four consecutive Bitcoin mining difficulty increases, the network’s difficulty dropped for