NFT News Daily TheBittimes.com

Unfortunately for those watching closely for new spot Bitcoin ETF filings, ARK Invest and 21 Shares’ joint spot Bitcoin ETF has not been listed. Despite swirling rumors on social media, ARK Invest’s spot Bitcoin (BTC) exchange-traded fund (ETF) does not appear to be listed on the Depository Trust and Clearing Corporation’s (DTCC) website. On Oct. 25, numerous high-profile crypto accounts on X (Twitter) including Mike Alfred, Bitcoin News , Simply Bitcoin, Crypto News Alerts and others posted tweets and screenshots claiming ARK Invest and 21 Shares’ joint spot Bitcoin ETF had been listed on the DTCC’s site. BREAKING: CATHIE WOODS’ ARK SPOT BITCOIN ETF IS NOW LISTED ON THE DTCC WEBSITE WITH TICKER AND CUSIP — Mike Alfred (@mikealfred) October 25, 2023 However, none of the screenshots showed the correct ticker for the spot Bitcoin ETF, instead showing tickers related to futures products. The most recent amended filing for Ark’s spot Bitcoin ETF from Oct. 11 shows that the fund wi...

Bitwise has announced a strategic move aimed at granting investors access to CME Ether futures. The team at Bitwise Asset Management has taken a bold step by revising their spot Bitcoin exchange-traded fund ( ETF ) application. They’ve also confirmed that trading for two groundbreaking Ether futures ETF s is set to kick off on October 2. These two pioneering ETFs are none other than the Bitwise Ethereum Strategy ETF and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF. Bitwise is unwavering in its belief that this strategic maneuver will empower investors to tap into the dynamic world of Chicago Mercantile Exchange Ether futures. Matt Hougan, the firm’s Chief Investment Officer, shared his insights in a statement, highlighting the expansive portfolio potential Ethereum offers compared to Bitcoin. Some investors perceive Ethereum as an innovative alternative, while others view it as a classic growth investment, seamlessly blending elements of both. Interestingly, ...

The SEC has been delaying its decisions regarding spot Bitcoin ETFs in the U.S. However, this has not stopped companies from expanding their ETF offerings. Valkyrie received approval to convert its existing Bitcoin futures ETF to a two-for-one investment vehicle. Now, the company has started buying Ethereum futures contracts. The fund’s new strategy to combine BTC and ETH will formally come into force on Oct. 3, 2023. The ETF name will change to Valkyrie Bitcoin and Ether Strategy ETF. Nevertheless, the ‘BTF’ ticker will not see any updates. By adding Ethereum exposure to futures contracts, Valkyrie becomes the first U.S. ETF to provide investors exposure to Ether and Bitcoin futures contracts under the same umbrella. A spokesperson for the company revealed that Valkyrie was the first to get approval for the ETH Futures ETF , among other firms. This was because it “supplemented its prospectus and updated risk disclosures related to Ether futures .” ...

GBTC shares trading at a lower implied value to BTC price may soon be a thing of the past, a new prediction says. Bitcoin (BTC) investment vehicle, the Grayscale Bitcoin Trust (GBTC) could erase its BTC price “ discount ” in 2024. In an X post on Aug. 30, monitoring resource CoinGlass predicted that the so-called “GBTC premium” would soon return. GBTC price: From "elevator to hell" to "stairway to heaven?" Grayscale netting a court victory over United States regulators on Aug. 29 provided an instant remedy to what was flagging GBTC performance. The fund, which contains over 600,000 BTC, has traded at a discount to the Bitcoin spot price, also called net asset value (NAV), since February 2021. What was once the “GBTC premium” has thus been negative for over two-and-a-half years, but that could soon change. News that the U.S. Securities and Exchange Commission (SEC) must consider GBTC’s conversion to a Bitcoin spot price exchange-traded fund (ETF) on the same terms...

Seven institutional firms have filed for a spot Bitcoin ETF in the U.S., including the world’s largest asset manager BlackRock, driving optimism and higher Bitcoin prices. With the Bitcoin (BTC) halving event less than a year away, several financial giants have filed applications for a spot Bitcoin exchange-traded fund (ETF) — a scenario last seen before the 2020 to 2021 bull run.  Institutional interest in the sector dried up after major crypto giants such as FTX collapsed amid a prolonged crypto winter in 2022. Bitcoin and many other cryptocurrencies traded largely sideways as several crypto exchanges fell under regulatory scrutiny. However, on news that major financial institutions such as BlackRock, Fidelity, Valkyrie and others were filing applications to list a spot Bitcoin ETF, the price of BTC recovered to over $30,000, spurring investment into the crypto market again. Bitcoin one-month price chart. Source: CoinMarketCap While several institutional giants have filed spot Bitco...