Tags : Approval

Bitcoin

Evolve Fund Files for Ethereum ETF after Bitcoin Approval in

Just weeks after opening a Bitcoin (BTC) exchange-traded fund, Evolve Fund has opted to file for a similar ETF product based on Ethereum (ETH). With $1.7 billion assets under management, Evolve is a Canadian-based ETF provider that specializes in “bringing disruptive innovation ETFs to Canadian investors.”  Just a month prior, Evolve Funds scored an approval […]Read More

Market

Bitwise Files for Approval to Publicly Trade Its Bitcoin Fund

Bitwise Asset Management, a provider of cryptocurrency index funds, is seeking regulatory approval that would enable it to publicly trade shares of its bitcoin fund on an over-the-counter (OTC) marketplace. According to a press release issued Tuesday, the company has filed a 211 form with the U.S.’s Financial Industry Regulatory Authority (FINRA) for the Bitwise […]Read More

Market

Cathie Wood: Bitcoin ETF Approval Unlikely Until Market Cap Rises

Ark Investment Management CEO Cathie Wood said she doubts U.S. regulators will green-light a bitcoin exchange-traded fund before the original cryptocurrency’s market cap hits $2 trillion. “The flood of demand has to be satisfied so it’s going to have to get well over a trillion dollars – $2 trillion, I think, before the [U.S Securities […]Read More

Market

Crypto Markets Jump on OCC Approval for Banks to Use

Cryptocurrency prices jumped Monday evening after the U.S. Office of the Comptroller of the Currency (OCC) issued a letter approving U.S. banks to use public blockchain networks. Ether jumped nearly 12% on the letter’s release, given Ethereum’s dominance as a stablecoin payment settlement protocol. Bitcoin also gained 5% and both leading cryptocurrencies almost fully retraced […]Read More