Blockworks: The ten-year road to spot Bitcoin ETF application
Cameron and Tyler Winklevoss filed to launch a spot Bitcoin ETF on July 1, 2013. BlackRock has revealed it intends to launch a product in 10 years.
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Cameron and Tyler Winklevoss filed to launch a spot Bitcoin ETF on July 1, 2013. BlackRock has revealed it intends to launch a product in 10 years.
The SEC sets a Dec. 29 deadline for Bitcoin ETF applicants, with first approvals expected in early January.
Grayscale CEO Michael Sonnenshein said that the company may use a tender offer to return capital to GBTC shareholders.
The proposed environmentally conscious spot ETF was found to be insufficiently protected against fraud and manipulation, like many ETF proposals before it.
Two ETF issuers filed two new and innovative applications for an inverse fund and a leveraged fund.
After Kelly Strategic Management submitted an application for an ether futures ETF, analysts questioned whether US SEC Chairman Gary Gensler was "mentally prepared" to approve any product other than BTC futures products.
The asset manager said it would buy “exchange-traded protective puts” and sell “exchange-traded calls on bitcoin futures and/or bitcoin-related ETFs.”
21Shares submitted the spot Bitcoin ETF application with Ark Investment Management in June 2021 for listing on the Cboe BZX Exchange.