The Cointelegraph business publication, citing a reliable source, reported that XP has partnered with tech giant Nasdaq to launch a crypto exchange in Brazil. The new trading platform will reportedly start operating in the second quarter of this year.
Valkyrie’s offer is only available to accredited investors within the Valkyrie Bitcoin Strategy ETF (BTF) and the Valkyrie Bitcoin Trust (VBTC) exchange-traded fund.
All applications to launch a Bitcoin-ETF Crypto-fund focused on the BTC spot price are systematically rejected by the Securities and Exchange Commission (SEC). The regulator cites risks of manipulation of the asset’s value.
Teucrium’s approval of a Bitcoin futures ETF is the basis for a similar decision on Grayscale’s application to convert GBTC into an exchange-traded fund. The company stated this in a letter to the SEC, The Block writes.
According to local publication Australian Financial Review, citing Australia’s main clearing house ASX Clear, four ETF issuers have agreed to cover margin requirements for listing such investment products. The first ETF with direct investments in Cryptocurrencies will be launched by 21Shares, a Swiss company.
Nasdaq’s research arm has posted a report stating that of the 500 financial advisors investing or planning to invest in cryptocurrency, 72% would invest in spot ETFs for Bitcoin. It remains to be seen if such products will be launched in the U.S.
Jan van Eck believes that the cryptocurrency industry will move forward one way or another, and Blockchain could bring “revolutionary” changes to leading financial institutions. Van Eck also touched on non-exchangeable Tokens (NFTs), calling them a “phenomenon. The only reason the development of these industries may be delayed is because of regulators. VanEck’s CEO said industry participants need to constantly engage with them, but not all regulators believe in the possibilities of the latest technology.
The U.S. Securities and Exchange Commission (SEC) has cleared Teucrium to launch a Bitcoin futures ETF on the NYSE Arca exchange.
The SEC has formally issued a statement to that effect. Teucrium and NYSE Arca applied to the SEC under the Securities Exchange Act of 1934 by filing Form 19b-4. While the already approved futures ETFs of ProShares, Valkyrie and VanEck fell under the Investment Company Act of 1940. The regulator’s approval of the nation’s fourth Bitcoin ETF was cause for joyful excitement among institutional investors. They believe the SEC will soon “give the green light” to launch Bitcoin-linked spot ETFs.
The SEC has formally issued a statement to that effect. Teucrium and NYSE Arca applied to the SEC under the Securities Exchange Act of 1934 by filing Form 19b-4. While the already approved futures ETFs of ProShares, Valkyrie and VanEck fell under the Investment Company Act of 1940. The regulator’s approval of the nation’s fourth bitcoin ETF was cause for joyful excitement among institutional investors. They believe the SEC will soon “give the green light” to launch Bitcoin-linked spot ETFs.