ETF

The US Securities and Exchange Commission (SEC) is studying the structure of the Libra digital currency project and intends to determine whether it has the characteristics of a stock exchange traded fund (ETF). It is reported by The Wall Street Journal, citing sources familiar with the situation. In the event that the Commission recognizes Libra as an ETF, Facebook will be forced to get permission from the department […]

Despite the fact that after a sharp rise, the price of Bitcoin faced an inevitable correction, having lost almost 17% in recent days, investment funds show very good dynamics. A striking example of the growth of institutional interest in cryptocurrency is the Grayscale Bitcoin Trust (GBTC), whose shares have increased by more than 300% since February. According to the Forbes report, at the moment GBTC shares […]

The US Securities and Exchange Commission (SEC) has begun collecting public comments on the Exchange-traded Fund (ETF) from Wilshire Phoenix Funds. It is reported by CoinDesk. A feature of the proposed fund is that, in addition to Bitcoin, it will also be provided with treasury securities. A proposal to change the rules, allowing Wilshire Phoenix Funds to list its ETF on the stock […]

Commissioner for the Securities and Exchange Commission of the United States (SEC) Hester Pierce said that her office was too cautious about the approval of exchange-traded funds (ETF) based on cryptocurrency, and called for speeding up the process. Reports about it Financial Times. Last month, Pierce has already said that the SEC “stifles the ETF with its personal attention, as if it were about […]