ProShares and VanEck have both decided to withdraw their ETF filings with the SEC; VanEck filed for an actively managed Bitcoin Strategy ETF and ProShares said it was launching a suite of bitcoin ETFs; neither company responded to requests for comment; it is widely believed that bitcoin ETFs are the next step for the new currency. Source.
In March the Securities and Exchange Commission denied approval for a Bitcoin ETF by the Winklevoss twins because they said too many bitcoin markets were unregulated; with recent futures markets at the CBOE and CME starting there is new hope for ETF approvals; previous filings for ETFs are now being refilled and newer ETFs are being filed as recently as late last week; there has been similar products in Canada and Switzerland with both trading at premiums. Source.
In 2021, firms who had stayed alive through the initial pandemic became giants: fintechs became banks, banks became super apps, and super apps became some of the most successful public companies in the world.
After several unsuccessful attempts at the creation of a bitcoin ETF, SEC Commissioner Robert J Jackson Jr. said in an...