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With only two full days of trading under its belt, the first Bitcoin (BTC) exchange-traded fund in North America reached more than $400 million in volume and is expected to go even higher.
According to a tweet from Bloomberg analyst Eric Balchunas, the Bitcoin exchange-traded fund, or ETF, recently debuted by Canadian firm Purpose Investments is likely to hit $1 billion in assets under management by Feb. 26. His prediction came prior to Purpose reporting its Bitcoin ETF traded $421.8 million between the time when it was first listed on the Toronto Stock Exchange, or TSX, on Feb. 18 and when markets closed Friday. The ETF is listed under the ticker BTCC.
Despite being delayed for years, North America now has a Bitcoin exchange-traded fund (ETF) launched and ready. Showing the level of demand for Bitcoin exposure, the [.]
Bitcoin ETF approval more likely under new SEC leadership, says Ark Invest CEO “I think the probability of an ETF has gone up,” said Cathie Wood. 14380 Total views News
Ark Investment Management founder and CEO Cathie Wood said the likelihood that U.S. regulators will approve a Bitcoin exchange-traded fund has gone up under the Biden administration.
In an interview with CNBC’s Bob Pisani today, Wood said there were two signs that the Securities and Exchange Commission might be more open to greenlighting a Bitcoin (BTC) exchange-traded fund, or ETF. Under previous administrations, the regulatory body did not approve any Bitcoin ETFs, to the industry’s chagrin.
Bitcoin-oriented crypto firm NYDIG has applied for a Bitcoin ETF to the US Securities and Exchange Commission (SEC)
News that the New York Digital Investment Group registered for a Bitcoin ETF emerged yesterday. This comes a week after its founder Ross Stevens discussed with MicroStrategy’s Michael Saylor on the possible entry of a lot of institutional funds into the Bitcoin market. The firm, a Bitcoin-centric subsidiary of Stone Ridge Asset Management, joins Valkyrie Digital Assets and Vaneck that have already submitted their bitcoin-based ETF filings.
NYDIG’s Bitcoin ETF registration is a Form S-1 statement that seeks to dispense common shares trade on New York Stock Exchange Arca.
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