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In what many hailed as a landmark decision -- and after years of anticipation and stalling -- the Securities and Exchange Commission (SEC) approved spot Bitcoin exchange traded funds (ETFs) on Jan....
Even after the agency in 2021 approved a Bitcoin futures ETF, which trades derivatives on Commodity Futures Trading Commission–regulated exchanges, the SEC continued to deny applications for ...
Bitcoin investor Microstrategy gained 7% and crypto exchange Coinbase 4%, while the ProShares Bitcoin Strategy ETF, which tracks bitcoin futures, added 3.7%. Shares of retail trader-focused ...
The spot Bitcoin ETF run by the world’s largest asset manager, BlackRock, showed its early dominance in becoming the first among a newly approved group of crypto-linked financial products to ...
Even so, the SEC seems set on having coordinated launches to avoid a situation like ProShares’ Bitcoin futures ETF, which launched in 2021 and has captured over 90% market share. $2 billion
The SEC's approval of Bitcoin ETFs is a bullish outcome for the long term. What happens in the short term is much harder to predict. Bitcoin goes public: What the ETF victory means and what comes next
SINGAPORE/LONDON (Reuters) -Bitcoin held near 21-month highs on Thursday after U.S. regulators approved a spot bitcoin exchange traded fund (ETF), while the second-biggest cryptocurrency ether ...
Since then, the SEC has denied more than 30 similar applications. A key turnaround moment came last year in June when the world’s biggest money manager, BlackRock, filed for a spot bitcoin ETF.