The Securities and Exchange Commission’s approval of 11 spot bitcoin ETFs this week could be a turning point for cryptocurrency investing. Ark Invest CEO and Chief Investment Officer Cathie Wood is behind one of the new ETFs. Her firm has partnered with 21Shares to launch the ARK 21Shares Bitcoin ETF. “We really believe this is … Read more
The U.S. Securities and Exchange Commission has pushed for bitcoin exchange-traded funds to be fundamentally different from large equity funds, and the impact of that decision on how the funds will be traded remains to be seen. Bitcoin funds, which launched on Thursday, use a share buyback process that turns the underlying crypto into cash. … Read more
Pavlo Gonchar | Lightrocket | Getty Images More than a dozen financial firms are involved in new bitcoin exchange-traded funds that began trading on Thursday, but one of the world’s largest fund issuers and money managers still won’t touch the cryptocurrency. A Vanguard spokeswoman told CNBC that the asset management giant has no plans to … Read more
Samara Cohen, chief investment officer of ETFs and index investments at Blackrock, center, rings the bell when bitcoin spot ETFs launch on the Nasdaq in New York on January 11, 2024. Stephanie Keith | Getty Images Bitcoin exchange-traded funds saw big swings during early trading on Thursday, mirroring a volatile day for cryptocurrency prices more … Read more
The U.S. Securities and Exchange Commission on Wednesday approved rule changes that will allow the creation of bitcoin exchange-traded funds in the U.S., a long-awaited move that will give investors regular access to the controversial and volatile cryptocurrency. The decision is likely to lead to the conversion of Grayscale Bitcoin Trust, which holds about $29 … Read more