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By Niket Nishant and Hannah Lang (Reuters) -Digital asset manager Grayscale Investments on Tuesday filed for a spin-off of its spot bitcoin exchange-traded fund (ETF), the Grayscale Bitcoin Trust ...
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.
While new competitors including BlackRock and Fidelity set the fees on their ETFs to near-zero levels, Grayscale only lowered its fee from 2% to 1.5%—spurring a predictable stampede of investors ...
That dynamic changed when Grayscale, a prominent crypto asset manager that runs the largest Bitcoin trust, sued the agency in 2022 for allowing futures-based ETFs but not spot vehicles.
The fund was approved to trade on public markets by the FINRA in October 2019. [citation needed] In May 2022, it was reported that Grayscale would list an exchange-traded fund (ETF) for the first time in Europe. The ETF was said to be made up of companies representing the "Future of Finance", and would begin trading on May 17. [38]
Crypto asset manager Grayscale Investments is urging the U.S. securities regulator to greenlight options on its spot bitcoin exchange-traded fund, a move that would open the product to a new class ...
An example of such an ETF is the Russell Investments OneFund (NYSE Arca ONEF), which is composed of nine ETFs (Vanguard and iShares ETFs). Another is the AdvisorShares Cambria Global Tactical ETF (NYSE Arca GTAA). A lineup of Target Date ETFs is offered by iShares (e.g., iShares S&P Target Date 2040 Index Fund; NYSE Arca TZV).
And in that race, one fund has a head start. Grayscale’s GBTC, the trust that the asset manager successfully sued the Securities and Exchange Commission to convert into an ETF—is the only ...