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...An earlier ETF based on bitcoin futures, rather than the spot cryptocurrency, pulled in $1bn in investor money in the first two days of its launch in late 2021 by ProShares....
...Crypto powerhouse Grayscale Investments has filed with the US Securities and Exchange Commission to launch a Bitcoin Trust Covered Call ETF, which would be based on options on its $23.5bn Bitcoin Trust ETF...
...White Wolf Capital Advisors had $570mn in assets under management as of December 31, a regulatory filing shows....
...When ProShares launched the first bitcoin futures ETF in 2021, it pulled in $1bn in two days....
...Vanguard’s decision to shun spot bitcoin ETFs “is very much on brand for Vanguard,” Jeff DeMaso, editor of The Independent Vanguard Advisor, wrote to his readers....
...The funds’ collective performance also fell short of the $1bn that ProShares pulled in on its first two days after launching a bitcoin futures ETF in October 2021....
...The ProShares Bitcoin Strategy ETF (BITO) now stands at $1.4bn, and it tracks the crypto token through futures....
...Grayscale has also filed to convert its existing $5bn Ethereum Trust (ETHE) into an ETF....
...Because of the previous structure of that bitcoin trust, investors were not easily able to get their shares out....
...This option would not be available for other existing bitcoin futures ETFs such as the ProShares Bitcoin Strategy ETF (BITO), Murphy said. “[19]40 Act funds can’t hold physical assets, only securities,...
...The Foreign & Colonial Government Trust listed on the London stock exchange in 1868 with the explicit aim of allowing small investors to gain exposure to a diversified portfolio of government bonds....
...Wellcome Trust warns of private equity ‘shakeout’ Nick Moakes, chief investment officer of the £38bn Wellcome Trust, reckons that the private equity industry is facing a “shakeout” that could result in...
...Average weekly trading volumes across 25 of the top digital assets investment products, such as the Grayscale Bitcoin Trust or ProShares Bitcoin Strategy ETF, have hit the $3bn mark twice this quarter....
...Bitcoin Trust (BITO), the first US futures-based bitcoin ETF to launch in October 2021....
...Behind JPMorgan, the strongest sellers were Dimensional Fund Advisors, with $2bn in new cash, followed by Invesco, with $1.8bn; Charles Schwab, $1.7bn; and ProShares, $800mn....
...In June Grayscale sued the SEC after the regulator rejected its bid to convert its Bitcoin Trust into an ETF....
...This stance has prompted Grayscale to sue the SEC for its refusal to allow the $16.9bn Grayscale Bitcoin Trust (GBTC), a private spot bitcoin trust, to convert to an ETF....
...The asset management firm sued the SEC after having its request to convert its bitcoin trust into an ETF rejected....
...ProShares in October 2021 launched the ProShares Bitcoin Strategy ETF, the first bitcoin futures ETF. It amassed $1.2bn in assets within two days....
...But the big two also entrenched their duopoly in the ETF industry, with nearest rivals State Street Global Advisors and Invesco suffering deeper wounds from souring market sentiment....
...August 14, 2023: Prime Trust, LLC and certain of its affiliates filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware...
...In June, the SEC rejected Grayscale’s proposal to convert its Bitcoin Trust into an ETF....
...Charles Schwab had the third-best flows, with $3bn, followed by Dimensional Fund Advisors with $1.9bn; SSGA with $1.8bn; and First Trust, with $1.7bn....
...Even ProShares has experience of this; its UltraPro Short QQQ (SQQQ) now has $4.8bn of assets, despite losing 68.1 per cent in 2010-2011....
...Although US investors can already buy bitcoin through private trusts, such as the $39bn Grayscale Bitcoin Trust, or directly through crypto exchanges, Sapir said ETFs would open up the market to a wider...
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