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SEC Commissioner: Banning Bitcoin Is Like Shutting Down Internet — Government Would Be ‘Foolish’ to Try

SEC Commissioner Hester Peirce compares banning bitcoin to shutting down the internet, stating that governments would be foolish to try. She also offers some insights into whether the SEC will approve a bitcoin exchange-traded fund (ETF) this year. Governments Would Be Foolish to Try to Ban Bitcoin U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce shared her view of governments banning bitcoin and cryptocurrency regulation in an interview at Marketwatch’s Investing in Crypto event last week. She was also asked about the likelihood of the securities regulator approving bitcoin exchange-traded funds (ETFs) this year. Peirce, sometimes known as “crypto…

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Novogratz’s Galaxy Digital Jumps Into the Bitcoin ETF Fray

The investment company Galaxy Digital Holdings has revealed it is joining the growing list of firms looking to sponsor a bitcoin exchange-traded fund (ETF). Novogratz’s crypto firm applied with the U.S. Securities Exchange Commission (SEC) on Monday to launch a product called the “Galaxy Bitcoin ETF.” Galaxy Digital Wants to Provide a Bitcoin ETF Galaxy Digital Holdings (TSX: GLXY) filed a Form S-1 registration with the SEC on Monday in order to get approval for a new bitcoin ETF. The “Galaxy Bitcoin ETF” filing was submitted on April 12, 2021, and joins the seven other bitcoin ETF contenders waiting for…

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Új hét, új bitcoin ETF beadvány – ez lesz a 8. a sorban

Újabb versenyző szállt ringbe az első amerikai bitcoin ETF versenyében. A Galaxy Digital digitális eszközkezelő tegnap beadta az amerikai értékpapírfelügyelethez a saját bitcoin ETF beadványát. A milliárdos Mike Novogratz vállalata nyolcadikként áll be abba a sorba, amely arra vár, hogy elfogadja a SEC a bitcoin EFT beadványát. A legfrissebb kérelem szerint a Galaxy Digital a NYSE Acra tőzsdén szeretné listázni a bitcoinba fektető befektetési alapot. A New York székhelyű Galaxy Digital 400 millió dollárnyi tőkét kezel. A bitcoin ETF egy folyamatos kereskedési lehetőséget biztosító, szabályozott keretek között kereskedhető befektetési termék, aminek az árfolyama a bitcoinét követi, mindeközben pedig intézményi befektetőknek…

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Crypto Mom Believes Market Has Grown, Remains Coy on Bitcoin ETF Approval

The cryptocurrency market has been described as matured by Hester Peirce, a Commissioner for the US Securities and Exchange Commission (SEC), otherwise known as Crypto Mom. Peirce remarked during an interview with a correspondent of Bitcoin.org. Cryptocurrency Market Has Greatly Matured Peirce’s assertion was not unconnected to the emerging interest of institutional investors in digital assets. She explained that the growing trend of large institutions in the mainstream financial industry picking interest in Bitcoin is an indication that the market has matured. It would be recalled that several institutional investors like Tesla, Goldman Sach, and others have made bets on…

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Galaxy Digital Files For Bitcoin ETF, Joining Growing List

Galaxy Digital is now among the handful of groups that have filed for regulatory approval to offer a bitcoin ETF. Galaxy Digital, a digital-asset-focused investment firm owned by Mike Novogratz, has submitted a bitcoin exchange-traded fund (ETF) proposal to the U.S. Securities and Exchange Commission (SEC). The move sees Galaxy Digital join a steadily growing list of applicants interested in regulatory approval to offer a bitcoin ETF in the U.S., though none have yet been approved. Ever since recent management change in the SEC, several investment firms have submitted proposals to offer bitcoin ETFs, including Valkyrie Digital Assets, NYDIG and…

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Galaxy Digital Seeking to Launch Bitcoin ETF in the U.S.

Galaxy Digital, a digital assets investment management firm, has become the latest company to file for a Bitcoin exchange-traded fund (ETF), with the U.S. Securities and Exchange Commission (SEC). Galaxy Digital Files for Bitcoin ETF In a Form S-1 published on Monday (April 12, 2021), Mike Novogratz’s Galaxy Digital stated its intention to launch a Read More

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Mike Novogratz’s Galaxy Digital Filed for Bitcoin ETF With the SEC

The number of companies filing to receive approval to launch a Bitcoin ETF in the US continues to increase with the addition of Mike Novogratz’s Galaxy Digital. If approved, the Galaxy Bitcoin ETF will trade on the NYSE Arca exchange.  Based in New York, Galaxy Digital is a diversified financial services firm dedicated to the cryptocurrency and blockchain industry. The company has made another pro-crypto step by filing with the US Securities and Exchange Commission to launch its own Bitcoin exchange-traded fund.  The document reads that if the Commission approves the application, the Galaxy Bitcoin ETF will issue common shares…

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Off to the Races: Kryptoin Re-files Bitcoin ETF Opting to List on Cboe Over Nasdaq

On April 9, 2021, the Delaware-based company and sponsor of the “Kryptoin Bitcoin ETF Trust” filed an S1 amendment for a bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). The asset manager re-filed its 2019 ETF application and instead of leveraging NYSE, the company plans to use Cboe BZX. Kryptoin Joins the List of Bitcoin ETFs Hoping for Approval in 2021 The race for a bitcoin exchange-traded fund (ETF) in the United States has grown thick with competition in recent days. The asset manager Kryptoin has recently revealed it has re-filed with the SEC in order…

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Kryptoin Files For Bitcoin ETF Again As SEC Reviews WisdomTree Proposal

Kryptoin files for a Bitcoin ETF-again with the number of applications on the SEC desk reaching 8 while the regulator takes another look at WisdomTree’s proposal so let’s read some more in our latest crypto news. Kryptoin is an asset manager focused on crypto investment products. Now, Kryptoin files for a Bitcoin ETF again which is the company’s second try to get approval. But in the meantime, WisdomTree’s ETF is under review by the SEC. The platform’s investment advisors helmed by Jason Toussaint, re-filed an application with the US SEC today for a Bitcoin ETF. Here's the full list of…

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SEC reviews WisdomTree’s Bitcoin ETF Proposal

The SEC published a public notice on Friday announcing that it would begin assessing and evaluating, asset manager, WisdomTree’s Bitcoin ETF that was filed in March.  In addition to this, crypto investment managing firm, Kryptoin has also re-filed for a Bitcoin ETF.  It had previously done so in October 2019 and had proposed to list […]

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BNY Mellon to Become Service Provider for SkyBridge Bitcoin ETF

America’s oldest bank, BNY Mellon, will become the first service provider for a Bitcoin exchange-traded fund (ETF) launched by Antoni Scaramucci’s SkyBridge and First Trust Advisors, pending approval. According to a press release, if the SEC approves the ETF, BNY Mellon will provide several services for institutional clients, such as ETF basket operation, order taking, fund accounting, fund administration, and transfer agency services. Traditional Institutions Jumping on the Bitcoin Trend The announcement follows the company’s plans to expand the adoption and use of cryptocurrencies. According to a BNY Mellon spokesperson, this strategic partnership is “part of the larger movement to bring…

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Todd Rosenbluth: It Will Be 1-2 Years Before the U.S. Approves a BTC ETF

Todd Rosenbluth – head of ETF and mutual fund research at CFRA Research – mentioned in a recent interview that he thinks a bitcoin or crypto-based exchange-traded fund will appear in the United States within the next year or two. Rosenbluth Still Thinks It’ll Be a While Before We See a BTC ETF in the U.S. Rosenbluth comments: We’ve got a number of firms that have either gone through the filing process or have previously filed but are waiting for more clarity. The SEC is less likely to try to pick a winner, we think, as to who comes first,…

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Grayscale Announces Plans To Convert GBTC Into A Bitcoin ETF

Grayscale announces plans to convert the GBTC fund into a Bitcoin ETF according to the recent SEC filing that we read more about in our latest BTC news. The world’s biggest cryptocurrency asset manager Grayscale announces plans to convert the GBTC trust into a Bitcoin ETF with the company even filing documents with the US Securities and Exchange Commission which indicated that it completed all steps before a transition occurs. Launched in 2013, Grayscale is a digital asset manager that enables institutional and accredited investors to receive exposure to BTC and other cryptocurrencies without having to worry about managing the…

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Grayscale Wants To Convert GBTC Into A Bitcoin ETF

The world’s largest asset management firm Grayscale, revealed in a blog post today that it is planning to convert its $34 billion Bitcoin Trust Fund (GBTC) into an exchange-traded fund (ETF). Grayscale is “100% Committed” To Converting Its GBTC To An ETF Pending Regulatory Approval Grayscale filed for a bitcoin ETF back in 2016 but ended up withdrawing its application the following year owing to the unfavorable regulatory climate at the time. The digital asset manager then decided to launch its trust fund to cater to institutional investors. Four years down the line and Grayscale is ready to renew its…

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Grayscale to Convert Its GBTC Shares when Bitcoin ETFs are Permissible in the U.S.

Grayscale Investments will convert its GBTC shares into an Exchange-Traded Fund (ETF) once U.S. regulators approve of such a derivative product, an explainer on Apr 5 reveals. GBTC versus Bitcoin ETF GBTC is a share of the Grayscale Bitcoin Trust–an SEC-Reporting firm. It distinguishes itself from others by being compliant with regulators’ laws, allowing deep-pocketed Read More

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Grayscale Reveals Intentions to Convert the Firm’s Bitcoin Trust Into an ETF

On Monday, the digital currency asset manager Grayscale Investments announced intentions to file for a bitcoin exchange-traded fund (ETF) when permissible. The subsidiary of Digital Currency Group (DCG) says in regard to its crypto trust products that it always been the company’s intention “to convert these products into an ETF.” Transforming Grayscale’s $34 Billion Bitcoin Trust Into an Exchange-Traded Fund It looks like Grayscale Investments is planning to join the race of firms looking to launch an exchange-traded fund (ETF) in the United States. Grayscale announced intentions for a bitcoin ETF on April 5, 2021, by leveraging the company’s blog.…

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Grayscale publishes roadmap for turning its products into crypto ETFs

The company is renewing its push for a U.S. ETF but offered no specific guarantees or promises. After several attempts in previous years, Grayscale has renewed its push to release a Bitcoin exchange-traded fund on American asset markets. According to a Monday roadmap, two of its funds, GBTC and ETHE, are on the short-list to become proper ETFs. However, the company has not indicated any concrete efforts, such as filing a new request with the SEC, nor has it provided meaningful timelines for these plans. Grayscale is one of the major providers of cryptocurrency exposure in traditional markets, operating several…

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Grayscale Announces Intention To Convert GBTC To ETF

Grayscale Investments plans to convert its Grayscale Bitcoin Trust, the world’s largest such product, into a bitcoin exchange-traded fund. Today, digital assets management group Grayscale announced its intention to convert the world’s largest bitcoin trust, GBTC, into an exchange-traded fund (ETF) with regulatory approval. Roadmap for GBTCHaving launched the product in 2013, Grayscale was a pioneer in the Bitcoin space for providing regulatorily-compliant bitcoin exposure to institutional investors and asset allocators. Currently the only bitcoin fund that can claim to be an SEC-reporting company and with more than $38.8 billion in assets under management, GBTC entering the ETF race is…

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Grayscale confirms its intention to convert GBTC into an ETF

The race for seeking approval from the United States Securities and Exchange Commission [SEC] is on and no one wants to be left behind. While recently Fidelity filed for approval from the SEC for a Bitcoin ETF, Grayscale has now confirmed its intentions to convert its Bitcoin trust into an ETF. As per its filing […]

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Grayscale Reveals Plans to Convert GBTC to Bitcoin ETF

In a blog post published this morning, Grayscale LLC announced its intention to convert its Bitcoin Trust Fund (GBTC) to an exchange-traded-fund (ETF). Grayscale Bitcoin ETF Awaits Regulatory Approval  Previously in 2016-2017, the digital asset management company had sought the SEC’s approval for a Bitcoin ETF. After failing to convince the U.S. regulators, Grayscale turned the focus to its trust fund for institutional investors.  Four years down the line, the world’s largest Bitcoin trust commands $34 billion in assets under management. According to the firm, the transition from an  SEC-reporting company to a Bitcoin ETF is the next step of…

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