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Bitcoin Cycles: Get Ready To Buy

Bitcoin Cycles: Get Ready To Buy
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SEC extends decision on VanEck Bitcoin ETF proposal by another 45 days

Apr 29, 2021 03:21 GMTCrypto News The Securities and Exchange Commission has made a filing confirming that the decision on VanEck Bitcoin ETF will be delayed. Currently, Grayscale Bitcoin Trust holds most of the shares in institutional investment in the cryptocurrency-related product. Approval of the Bitcoin ETF would provide a more stable alternative to GBTC, providing a gateway for institutional money flow into the market.  The Securities and Exchange Commission (SEC) has decided to extend its decision on VanEck and Cboe’s application to list a Bitcoin exchange-traded fund (ETF).  SEC to make a decision in June VanEck filed the latest application for a Bitcoin ETF in December 2020. The SEC started the 45-day clock when Cboe filed to list the product. According to the securities regulator, it will extend the decision window by another 45 days.

Four perks of investing in bitcoin

Adobe Systems (ADBE), Adyen (ADYEY), Advanced Photonix (API), Converted Organics (COIN), Hubspot (HUBS), Intercontinentalexchange (ICE), Iridiummmunications (IRDM), JD com (JD), Nvidia (NVDA), NuPathe (PATH), Paccar (PCAR), Citigourp Global Markets 2% Protected Notes Linked To The Djia (PDD), Prudential Inflation-Linked Retail (PHR), Pluristem Therapeutics (PSTI), Shopify (SHOP), Silvergate Capital Corp (SI), Synopsys (SNPS), Square (SQ), Syros Pharmaceuticals (SYRS), Techteam Global (TEAM), Teradyne (TER), Tree (TREE), Tesla Motors (TSLA), Telecomunicacoes de Sao Paulo S/A (TSP), Xilinx (XLNX) - Cathie Wood Sells Another $35 7M Worth Of Square Stock And Loads Up $25 8M In Coinbase

Cathie Wood-led Ark Investment Management sold another 140,682 shares of the payments company Square Inc (NYSE:SQ), estimated to be worth $35.7 million as of Tuesday s close, as it looks to rebalance its portfolio. The investment firm’s Ark Next Generation Internet ETF (NYSE:ARKW) sold 30,000. The hedge fund counts Square among its top five holdings. It is ARKF’s largest holding representing a 10.9% weight of the ETF, not accounting for Tuesday s trade. ARKF held a total of 1.81 million shares worth about $464.24 million, as of Tuesday morning. Square is ARKW’s third-largest holding behind Tesla Inc (NASDAQ:TSLA) and Grayscale Bitcoin Trust (OTC:GBTC). ARKW held a total of 1.34 million shares, worth about $343.84 million, as of Tuesday.

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