Quick Take
Crypto Twitter likes to meme about bitcoin markets turning bearish when Asia-based traders come online.
Data suggests this is actually happening but prominent crypto traders aren’t exactly sure what’s driving it.
Crypto Twitter likes to meme about bitcoin markets turning bearish when Asia-based traders come online, but there s truth to it.
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Vaneck Files New Bitcoin ETF Proposal With SEC Under New Administration
After successfully launched a bitcoin exchange-traded product in Europe, Vaneck has now filed a new proposal for a bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). Under former chairman Jay Clayton, the SEC never approved a bitcoin ETF. However, Clayton has resigned from his post and changes may be coming from the incoming Biden administration.
First Bitcoin ETF Filing After Clayton’s Departure
New York-based investment management firm Vaneck filed a registration statement with the U.S. Securities and Exchange Commission (SEC) on Dec. 30 to list and trade the Vaneck Bitcoin Trust. According to the filing, the sale of the fund’s shares will commence “As soon as practicable after the effective date of this registration statement.”