Fidelity Set To Submit Filing for Bitcoin ETF After BlackRock’s Lead
June 27 (Cointime) - Fidelity, a major asset management company, is reportedly preparing to file for a bitcoin exchange-traded fund (ETF), following in the footsteps of BlackRock. Other asset managers, including Invesco, WisdomTree, and Bitwise, have also filed for similar products since BlackRock's filing in June.
WisdomTree's Application for a Physically-backed Bitcoin ETF has been Rejected
June 27 (Cointime) -According to CNBC, WisdomTree's physically-backed Bitcoin ETF was rejected for failing to comply with data sharing agreement requirements.
Blackrock's Spot Bitcoin ETF Threatens Grayscale's Dominance, Says Bernstein
June 26 (Cointime) - According to a research report by Bernstein, Grayscale's dominant position as the largest bitcoin asset management product may be threatened by Blackrock's filing for a spot bitcoin ETF in the US. Grayscale's BTC trust (GBTC) earns around $380 million in annualized fees despite being inefficient, illiquid, and trading at a significant discount.
BlackRock-Themed NFT Collection Sees $749K in Trading Volume, Creator Retains 10% Ownership
June 23 (Cointime) - A new NFT collection called BlackRock, inspired by the popular EtherRock collection and the branding of investment giant BlackRock, has already generated $749,000 in total trading volume. Despite BlackRock's recent filing for a Bitcoin ETF, the investment firm has no affiliation with the NFT project.
Experts Predict Ether ETFs May Follow Bitcoin as SEC Considers Latest Filings
June 23 (Cointime) - Experts in the industry are predicting that fund issuers may soon apply to launch products that hold ether, the second-largest asset in the cryptocurrency market.
BlackRock's Bitcoin ETF Application Sparks Debate Over Traditional Finance's Role in Crypto
June 23 (Cointime) - BlackRock's application to launch a Bitcoin ETF has sparked debate in the crypto community, with some seeing it as validation for the industry while others raise concerns about traditional financial institutions entering the space. Critics suggest that BlackRock's filing could be part of a broader power shift favoring traditional finance firms in the crypto landscape.
BlackRock Believes Institutional Adoption of DeFi is "Many, Many, Many Years Away"
June 23 (Cointime) - BlackRock, the world's largest asset manager, has filed for a spot Bitcoin ETF, leading to a surge in the cryptocurrency market. While BlackRock is optimistic about institutional adoption of crypto, it believes that institutional participation in decentralized finance (DeFi) is still many years away due to regulatory hurdles.
Valkyrie Funds Files for Bitcoin ETF Amid Growing Competition
June 22 (Cointime) - Valkyrie Funds has submitted a new filing to the U.S. Securities and Exchange Commission for a Bitcoin ETF called the Valkyrie Bitcoin Fund. The ETF will hold bitcoin to reflect the CME CF Bitcoin Reference Rate, New York Variant. The trust plans to list shares on Nasdaq under the ticker BRRR. Other companies such as WisdomTree, Invesco, and BlackRock have also filed for spot bitcoin funds in the past week. The price of bitcoin has risen 16% over the past week, reaching $30,114 on Wednesday.
Invesco Re-Files for Bitcoin ETF As Major Players Enter the Market
June 21 (Cointime) - Invesco, a global investment management firm with $1.49 trillion under its management, has reportedly refiled for a spot Bitcoin exchange-traded fund (ETF) after withdrawing its application in October 2021 due to regulatory concerns.
Bitwise submits Proposal for Spot Bitcoin ETF, following BlackRock's recent Filing
June 21 (Cointime) - Bitwise has submitted an application for a spot bitcoin ETF, joining BlackRock in their similar attempt. Despite previous attempts from other issuers, the SEC has never allowed a spot bitcoin ETF to be introduced to the US market. Bitwise's latest filing includes additional legal analysis regarding the surveillance of bitcoin through the Chicago Mercantile Exchange futures markets. If the SEC approves the first spot Bitcoin ETF, Bitwise's timing of the filing could potentially follow BlackRock. Other issuers such as VanEck, Valkyrie, WisdomTree, Global X, and Invesco may also follow suit.
