Is MicroStrategy Stock Better than a Spot Bitcoin ETF?
TD Cowen analysts say MicroStrategy stock’s premium over BTC will compress but not disappear as spot Bitcoin funds come online.
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TD Cowen analysts say MicroStrategy stock’s premium over BTC will compress but not disappear as spot Bitcoin funds come online.
After many reversals and mistakes, the Bitcoin Spot ETF was finally approved by the U.S. Securities and Exchange Commission.
Coinbase joins Grayscale in claiming that the SEC is failing to give spot market Bitcoin ETFs fair consideration.
J. Matthew DeLesDernier, assistant secretary for the SEC, said it had extended to allow for “sufficient time to consider the proposed rule change and the issues raised therein.”
The Purpose Bitcoin ETF has increased its holdings of Bitcoin over the past five days, a positive sign that buyers are buying on dips.
The ProShares Bitcoin ETF broke an 18-year record as the fastest fund to reach $1 billion in assets under management.
The regulator said it would be appropriate to “specify a longer period” of approval or disapproval of the proposed bitcoin ETF.
The asset manager said it would buy “exchange-traded protective puts” and sell “exchange-traded calls on bitcoin futures and/or bitcoin-related ETFs.”
The asset manager said it would purchase “exchange-traded protective put options” and write “exchange-traded call options on Bitcoin futures and/or a Bitcoin related ETF or ETFs.”
Last month, the watchdog gave the thumbs-up to Teucrium’s Bitcoin futures ETF, which is the first such vehicle to be approved under the ’33 Act.