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Invesco Joins Bitwise in Blaming the SEC for Decision to Withdraw ETFs


The American exchange-traded fund (ETF) issuer Invesco has for the first time revealed the reason for its surprise decision to pull out of the race to bring a bitcoin (BTC) futures-backed ETF to the market - and just like its competitor Bitwise Asset Management, the firm has blamed the rules from...

Slow Start for Third Bitcoin ETF, Lower Costs Could Attract More Capital


The latest bitcoin (BTC) futures exchange-traded fund (ETF) to be launched in the US – the VanEck Bitcoin Strategy ETF (XBTF) – has had a slow start compared to its two earlier competitors, ProShares’ BITO and Valkyrie’s BTF. But lower costs and a stronger brand should attract more capital over...

All-Time High Weekly Close for Bitcoin Boosts Sentiment as 2022 Nears


The bitcoin (BTC) price closed last week above the USD 65,000 mark, the highest level ever for the cryptocurrency. The new milestone boosted sentiment among bitcoin holders, with many being optimistic that bullish predictions for the remainder of 2021 will come true.... Read More: All-Time High...

Santander Prepares to Offer Bitcoin ETF in Spain


Santander, a leading financial institution in Spain, is preparing to offer a Bitcoin ETF to its customers in the country. This, while Spanish asset managers have been largely reluctant to embrace crypto products as part of their investment portfolio offerings to customers. Santander Bitcoin ETF...

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.”...

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