VanEck says Bitcoin could hit $4.8M if it became the global reserve asset
The investment firm made very high valuation for BTC and gold based on the extreme case that either becomes the reserve global currency. Go to Source Powered by WPeMatico
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VanEck files for new ETF to track crypto and gold mining companies
The ETF will track securities in an index that measures the performance of gold mining and digital assets mining firms, according to the filing. Go to Source Powered by WPeMatico
VanEck launches its first multi-token cryptocurrency fund
The ETN will contain exposure to seven different major cryptocurrencies. Go to Source Powered by WPeMatico
Valkyrie Files for ETF That Invests in Firms That Derive 50% Revenue From Bitcoin Mining Industry
The digital currency asset manager Valkyrie has applied for an exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). The fund plans invest at least 80% of its net assets into firms that derive at least 50% of their revenue from the bitcoin mining industry. Valkyrie’s Proposed ETF Targets the Bitcoin Mining Industry … Read more
Bitcoin ETF Launch Hype Fades as Funds Slip in Value, BTC Futures Open Interest Down 38% in 2 Months
Following the charged-up debut of the Proshares bitcoin exchange-traded fund (ETF), Valkyrie’s bitcoin futures ETF and the Vaneck bitcoin strategy ETF, interest in these types of funds seems to have faded a great deal. After the Proshares bitcoin ETF BITO reached an all-time high on November 10, the ETF is down 39% over the last … Read more
Crypto Wealth Manager Vaneck Launches Polygon and Avalanche Investment Offerings
The wealth manager Vaneck has announced it has expanded its exchange-traded note (ETN) offerings to support the tokens polygon and avalanche. The two ETNs follow five previously launched funds in Europe that allow investors to gain exposure to leading digital assets. Vaneck Adds Polygon and Avalanche to Its List of Cryptocurrency ETNs Vaneck has announced … Read more
Dex Aggregator 1inch Network Raises $175 Million in Series B Funding Round
1inch Network, the decentralized exchange (dex) aggregation project, has announced the company has raised $175 million in a Series B financing round. According to the announcement, the fresh new capital will be leveraged to scale the team, foster additional 1inch token utilities, and build new protocols. 1inch Raises $175 Million From Strategic Investors Over the … Read more
Kelly Strategic Management files for Ethereum futures ETF
Following Kelly Strategic Management’s filing for an Ether futures ETF, analysts questioned whether SEC chairman Gary Gensler is “mentally ready” to approve anything other than a BTC futures product. Go to Source Powered by WPeMatico
SEC Rejects Vaneck Bitcoin Spot Market ETF Over Price Manipulation Concerns
On Friday, November 12, the U.S. Securities and Exchange Commission (SEC) rejected Vaneck’s bitcoin spot market exchange-traded fund (ETF). The U.S. regulator noted that the denial was due to the lack of prevention toward “fraudulent and manipulative acts and practices.” SEC Turns Down Spot Market ETF – US Regulator Believes There Should be More Manipulation … Read more
SEC rejects VanEck’s spot Bitcoin ETF as BTC price falls below $63K
The SEC said any rule change in favor of approving the ETF would not be “‘designed to prevent fraudulent and manipulative acts and practices” nor “protect investors and the public interest.” Go to Source Powered by WPeMatico
