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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....
The Securities and Exchange Commission (SEC) approved Bitcoin and Ethereum spot ETFs earlier this year and the lead-up to these approvals drove up the prices of both tokens. Bitcoin spot ETFs were ...
The Securities and Exchange Commission (SEC) had in January approved the bitcoin ETFs to track bitcoin, in what was a watershed for the world's largest cryptocurrency and the broader crypto industry.
The legal status of cryptocurrencies varies substantially from one jurisdiction to another, and is still undefined or changing in many of them. [1] Whereas, in the majority of countries the usage of cryptocurrency isn't in itself illegal, its status and usability as a means of payment (or a commodity) varies, with differing regulatory implications.
On January 11, 2024, the SEC approved VanEck VanEck Bitcoin Trust and it started trading on the Chicago Board Options Exchange under the ticker 'HODL'. [13] In December 2022, VanEck liquidated its Russia ETF products as a result of the Russian invasion of Ukraine. Sanctions had been imposed on Russian companies, meaning they could not be traded ...
The SEC approved applications from 11 asset managers to list spot Bitcoin ETFs. Many of the funds cut their fees leading up to the approvals in an effort to win early investors. Who should invest ...
Grayscale was founded in 2013, launching a bitcoin trust that year. [4] In 2015, the company became a subsidiary of Digital Currency Group. [5] The same year, Grayscale Bitcoin Trust (OTCQX: GBTC) began trading over-the-counter on the OTCQX market, becoming the first publicly traded bitcoin fund in the United States.
Anticipating that the SEC would relent—even under the crypto-skeptical chair, Gary Gensler—the Bitcoin ETF race attracted major players from across the worlds of traditional finance and crypto ...