Page 19 - Purpose Bitcoin News Today

News According to digital asset investment manager, CoinShares, institutional-grade crypto asset investment products inflows have already reached record levels so far in 2021. According to Coinshares’ March 15 Fund Flows Weekly report first quarter inflows into cryptocurrency funds are up 7.7% and already total $4.2 billion, smashing the quarterly record of $3.9 billion set in Q4 2020. There are now five digital asset investment providers with over a billion dollars in assets under managem...

Looking for the adrenaline rush of investing in Bitcoin but without the bother of crypto-exchanges and digital wallets? An exchange-traded fund might appeal, except an investor won’t find one tracking Bitcoin in the $5.9 trillion U.S. ETF universe -- at least not yet. While exchange-traded crypto-tracking products exist in Europe and a Bitcoin ETF opened in February in Canada, U.S. regulators have repeatedly batted down attempts to introduce them, citing concerns about potential manipulation a...

Shopify could turn out to be a better investment to grow your wealth than Bitcoin as the cryptocurrency constantly keeps investors on their toes.

Grayscale Investments has posted at least nine ETF-related positions to LinkedIn, signaling it is anticipating a green light from the SEC for a crypto ETF.

The Globe and Mail Contributed to The Globe and Mail Published March 12, 2021 Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file ... This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer At the end of February, the Canadian ETF Industry reached a new record high of $270 billion in assets under management. The number of ETFs listed in Canada continues...

Last Updated: 11 March 2021 The U.S  Securities and Exchange Commission’s (SEC) reluctance to approve a Bitcoin exchange-traded fund (ETF) doesn’t seem to discourage issuers these days. One such is Simplify Asset Management, which has gone ahead to find ways to structure its products. The firm plans to roll out a Bitcoin product that’s not entirely focused on bitcoin. And why should they? The regulators still don’t trust the crypto sector. Simplify’s U.S. Equity PLUS Bitcoin ETF Sim...

Traders Magazine 0 Shares Giang Bui, head of exchange traded products at Nasdaq, said a number of issuers are evaluating semi-transparent exchange traded funds as the venue listed its first semi-transparent ETF last month. The US Securities and Exchange Commission approved semi-transparent ETFs last year which allows issuers to report holdings on a monthly or quarterly basis, rather than daily, as in standard ETFs. Giang Bui, Nasdaq Bui told Markets Media that a number of issuers, from bout...

ETF Issuers Find Creative Workarounds to SEC’s Crypto Stance The Simplify U.S. Equity PLUS Bitcoin ETF (SPBC) will invest up to 15% of its assets in cryptocurrencies, either “indirectly and solely” through the $34 billion Grayscale Bitcoin Trust (GBTC). Katie Greifeld | Mar 11, 2021   (Bloomberg) -- U.S. exchange-traded fund issuers are getting increasingly creative as the Securities and Exchange Commission continues to demur on approving a pure cryptocurrency fund. While the b...

Over the last year, the price of bitcoin has skyrocketed more than 900 percent, rising from just under US$5,000 to nearly US$54,000. The cryptocurrency’s meteoric ascent has created a lot of buzz, as well as interest from investors clamoring to enter one of the hottest markets.   Unfortunately, bitcoin can be notoriously difficult to understand, and that has kept some investors away. Accessibility is changing quickly, however. In the last 12 months there have been a plethora of new addition...

3 Bitcoin ETFs Have Been Approved in North America There are now three bitcoin exchange-traded funds (ETFs) in North America, all approved within the past month by Canada’s securities regulators. They are currently trading on the Toronto Stock Exchange. The latest approved bitcoin ETF, backed by Mike Novogratz’s Galaxy Digital, began trading Tuesday. 3 Bitcoin ETFs in Canada Canada’s securities regulators have approved three bitcoin exchange-traded funds (ETFs) within t...