Fidelity May Buy Grayscale, Launch Spot Bitcoin ETF, And Boost BTC Price
June 19 (Cointime) - There are rumors that Fidelity Management is planning to acquire Grayscale, the world's largest digital asset management company with over $20 billion in assets. Grayscale allows customers to invest in crypto assets through exchange-traded funds (ETFs) and Trusts, with its Bitcoin ETF being the main milking cow, in charge of $16 billion, or 80% of the total assets under management.
Fidelity Investments Preparing to File Spot Bitcoin ETF and Bid for Grayscale Investments
June 19 (Cointime) - Fidelity Investments, a major asset management firm with $4.2 trillion in assets under management, is reportedly preparing to file for a spot Bitcoin ETF similar to BlackRock iShares. The company is also said to be considering a bid to acquire Grayscale Investments, the largest digital asset management firm.
BlackRock Files Registration for Bitcoin ETF Trust with Coinbase Custody as Designated Custodian
June 16 (Cointime) - On Thursday, BlackRock filed a registration statement with the U.S. Securities and Exchange Commission for the iShares Bitcoin Trust, which could potentially lead to a bitcoin ETF. The trust will hold bitcoin assets primarily held by Coinbase Custody Trust Company, and the price of bitcoin will be determined using the CF Benchmarks Index. This move marks a significant step for BlackRock towards a potential bitcoin ETF.
Bloomberg Analyst Believes Grayscale's Victory Against SEC May Not Guarantee Spot Bitcoin ETF Approval
Grayscale's victory in the lawsuit against the SEC may not guarantee approval for the issuance of Spot Bitcoin ETFs, according to Bloomberg analyst James Seyffart. The language used by the court during its ruling will determine the approval of the ETF application. Seyffart expects a decision on the matter between the second and third quarter of 2023 and notes that Grayscale's victory would not necessarily allow it to convert the Grayscale Bitcoin Trust into a Spot Bitcoin ETF. The court ruling's language could leave the door open to other reasons for rejection.
Cathie Wood & 21Shares Team Up To Unveil New Bitcoin ETF On Hopes Of SEC Approval
21Shares, an industry titan in offering crypto exchange-traded products, has teamed up with Cathie Wood’s ARK Investment Management, to resubmit an application for a spot-Bitcoin ETF. The announcement highlights that such a fund would provide US investors with greater security measures that are currently not available in the market.
Investment Firm Ninepoint Proposes Switching Bitcoin ETF Strategy After Falling 45% in a Year
Canadian alternative investment management firm Ninepoint is proposing changing the investment strategy of its bitcoin exchange-traded fund (ETF) to diversify from just buying bitcoin into other Web3 and blockchain-related equities.
Purpose Bitcoin ETF Sees Over $600K in Inflows in Past Week
The number of bitcoin flowing from/to the Purpose Bitcoin ETF.
Samsung Launches Bitcoin Futures ETF Amid Crypto Market Recovery
Samsung Asset Management announces plans to list the Bitcoin futures exchange-traded fund (ETF) on the Hong Kong stock market amid the rise in interest from retail and institutional investors in Hong Kong.
SEC Reiterates its Decision to Reject Grayscale’s Bitcoin ETF Application
The US SEC has reiterated its decision to deny Grayscale’s spot Bitcoin ETF application, causing Bitcoin to dip below $17k, erasing all its weekly gains.
Crypto Futures ETFs Raise More Than $73 Million Ahead of Hong Kong Launch
Hong Kong’s first crypto-based exchange-traded funds (ETFs) have attracted over $73 million ahead of their debut on the region’s stock exchange. The launch of the two ETFs tracking cryptocurrency futures listed in the United States comes despite the industry’s current troubles.
