Cryptoverse: Ether fettered by fate of spot ETF proposals
By Lisa Pauline Mattackal and Medha Singh (Reuters) - Cryptocurrency ether is struggling to keep pace with soaring big brother bitcoin. The no. 2 cryptocurrency, which commands less than a fifth of the $2.7 trillion crypto market, has not done poorly.
Nvidia’s dizzying rally spurs rush into AI-themed ETFs
By Suzanne McGee (Reuters) - The fervor around artificial intelligence has sparked a gold rush into AI-themed ETFs, as investors seek fresh ways to play the burgeoning technology following breathtaking rallies in market darlings such as Nvidia. The funds run the gamut
Bitcoin set for biggest monthly jump since 2020 amid ETF boost
By Tom Westbrook and Harry Robertson SINGAPORE/LONDON (Reuters) - Bitcoin was on track for its biggest monthly gain in more than three years on Thursday and within sight of a record high, propelled by cash rushing into exchange-traded funds. The approval and
Regulatory nod for US spot bitcoin ETF options may take months
By Suzanne McGee and Hannah Lang (Reuters) - Options on new U.S. spot bitcoin exchange-traded funds (ETFs) could take months to gain regulatory approval, potentially dampening the appeal of the underlying products, multiple industry sources said. The Securities and Exchange Commission (SEC)
Hedge funds cash in on Grayscale bitcoin ETF conversion
By Carolina Mandl and Nell Mackenzie NEW YORK/LONDON (Reuters) - A handful of hedge funds made a winning bet on approval of a spot bitcoin exchange-traded fund (ETF) by investing in the Grayscale Bitcoin Trust (GBTC) well ahead of regulatory sign
Spot bitcoin ETFs to start trading in big boost to crypto industry
By Manya Saini and Niket Nishant (Reuters) - Several exchange-traded funds (ETFs) tied to the spot price of bitcoin will start trading in the U.S. on Thursday before the bell in a landmark moment for the cryptocurrency industry that has been
Analysis: Spot bitcoin ETFs may face uphill battle to widen token’s appeal
By Suzanne McGee (Reuters) - Crypto enthusiasts hailed the approval of U.S. bitcoin exchange-traded funds as the birth of a new asset class, but broadening acceptance of the famously turbulent cryptocurrency beyond its true believers could prove challenging. A decade in the
BlackRock sets lower fee for spot bitcoin ETF compared to peers
By Niket Nishant (Reuters) - BlackRock has set a fee of 0.30% for its planned spot bitcoin exchange-traded fund, which is notably lower than those charged by some peers. The asset manager disclosed the fee for its iShares Bitcoin Trust on Monday.
BlackRock, VanEck among asset managers that submitted updated filings for spot bitcoin ETF
By Suzanne McGee and Hannah Lang (Reuters) - Asset management firms hoping to be among the first to win regulatory approval to launch exchange traded funds (ETFs) tied to the spot price of bitcoin updated their filings with the Securities and