Crypto asset manager Grayscale Investments is reportedly in talks with investment banks JPMorgan and Goldman Sachs regarding their potential involvement in a proposed spot Bitcoin exchange-traded fund (ETF). Grayscale recently filed an amended application with the United States Securities and Exchange Commission, but did not list any authorized participants. However, it is worth noting that […]
The U.S. Securities and Exchange Commission (SEC) has made a groundbreaking decision by approving the launch of the first-ever leveraged Bitcoin futures exchange-traded fund (ETF). This move signifies the growing acceptance of cryptocurrencies in mainstream finance and provides traditional investors with an opportunity to gain exposure to digital assets.The new ETF, called the Volatility Shares […]
The Infrastructure Investment and Jobs Act, passed by the US Congress in November 2021, introduced a new provision into the Tax Code. Under this provision, individuals who receive over $10,000 in cryptocurrency in their trade or business must report the transaction to the Internal Revenue Service (IRS) within 15 days. The new rule came into […]
The Infrastructure Investment and Jobs Act, passed by the US Congress in November 2021, introduced a new provision into the Tax Code. Under this provision, individuals who receive over $10,000 in cryptocurrency in their trade or business must report the transaction to the Internal Revenue Service (IRS) within 15 days. The new rule came into […]
The United States-based exchange Cboe has accepted the registration for listing shares of a spot Bitcoin exchange-traded fund (ETF) proposed by Fidelity Investments. The Fidelity Wise Origin Bitcoin Fund has filed a Form 8-A with the U.S. Securities and Exchange Commission (SEC) to register its shares as securities listed on the Cboe BZX Exchange. However, […]
Two leading spot Bitcoin exchange-trade fund (ETF) applicants, Grayscale and BlackRock, are reportedly considering adding Goldman Sachs as an authorized participant. This role would involve Goldman Sachs creating and redeeming shares for each spot Bitcoin ETF based on market demand. While the addition of Goldman Sachs has not been publicly announced by the companies involved, […]
Cryptocurrency asset manager Grayscale has filed an amended Bitcoin exchange-traded fund (ETF) application without listing authorized participant details. This move has raised questions and speculation among industry experts.The amended filing clarifies that authorized participants in the proposed ETF can only pay and receive cash for shares. However, Grayscale has left the names of its authorized […]
The US Securities and Exchange Commission (SEC) is speculated to approve a spot Bitcoin ETF, causing a surge in the digital asset market. Bitcoin experienced a 6% increase on the second day of 2024, surpassing $45,000 for the first time since April 2022. The anticipation surrounding the ETF approval suggests that Bitcoin will gain institutional […]
The approval of spot Bitcoin and Ethereum exchange-traded funds (ETFs) is expected to have a significant impact on the institutional adoption of digital assets. Mathew McDermott, the global head of digital assets at Goldman Sachs, believes that these ETFs will unlock opportunities for pensions, insurers, and other institutional investors to enter the crypto market.By creating […]
The approval of spot Bitcoin and Ethereum exchange-traded funds (ETFs) is expected to have a significant impact on the institutional adoption of digital assets. Mathew McDermott, the global head of digital assets at Goldman Sachs, believes that these ETFs will unlock opportunities for pensions, insurers, and other institutional investors to enter the crypto market.By creating […]
