Those hoping for a Bitcoin exchange traded fund (ETF) might have to wait a bit longer, following a large number of negative comments over proposals currently before regulators in the United States.
Invesco, an investment management company, launched the first blockchain ETF on the London Stock Exchange on Monday.
An ETF proposal from VanEck/SolidX, filed with Cboe BZX Exchange, was published in the Federal Register, marking the first time since August 2018 that more than one ETF proposal is under review.
Changpeng Zhao said that rather than ETFs, “for our industry to grow we need more entrepreneurs to build real projects.”
With the partial government shutdown declared over, the Cboe BZX Exchange is again applying for the listing of a cryptocurrency exchange-traded fund (ETF).
As expected, there was widespread panic in the markets after the U.S. Securities and Exchange Commission (SEC) decided to extend the time period for taking a decision on the Vaneck Solidx BTC ETF.
CBOE, considered to be the world’s largest futures exchange by volume, said the ETF would allow investors to speculate on BTC, without engaging directly in the market.
Ark Innovation ETF has divested a substantial part of its BTC holdings, citing regulatory as well as tax concerns.
Brian Kelly, founder of the digital asset investment firm BKCM, has partnered with Gregg King of REX Shares to direct a portfolio of around 30 companies that currently use blockchain technology.