Bringing you live news and features since 2006 

Second bitcoin ETF knocked back by the SEC

RELATED TOPICS​

The US regulatory body, the SEC, has knocked back a second attempt to list a bitcoin ETF in the US. Last week saw Winklevoss Capital’s proposed COIN ETF on the Bats BZX Exchange turned down as the SEC deemed that the significant markets for bitcoin are unregulated.

A similar fate has hit Solid X which had attempted to list an ETF on the New York Stock Exchange.

A third ETF remains on the books – Grayscale has applied but using a different route – the Jumpstart Our Business Startups Act of 2012 (the ‘JOBS Act’).
Mike Venuto (pictured), co-founder and CIO of Toroso Investments comments that Grayscale appears to be asking for something logical and innovative that could change the ETF landscape.

“Essentially, anyone could use this process or precedent to launch any asset that gains mass appeal as an “emerging company trust” than convert to this new ETF structure.”

Latest News

HSBC Asset Management’s (HSBC AM) ETF and Indexing business has passed USD100 billion in assets under management (AUM), reflecting its..
Amundi’s ETF Market Flows Analysis for April reveals that investors added EUR54.1 billion to global ETFs in April with equities..
VanEck has reached USD10 billion in assets under management in Europe for the first time in April 2024...
Global index revenues increased 9.3 per cent in 2023, totalling a record USD5.8 billion, according to a benchmark study published..

Related Articles

Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Sean O' Hara
Pacer ETFs has announced the launch of three Cash Cows UCITS ETFs. The firm writes that this will give European...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by