After four years in the wilderness, bitcoin exchange traded notes (ETN) are set to return to London and the change could prove more significant than many expect. Starting Oct. 8, these products, which allow retail investors to gain exposure to the cryptocurrency without buying it themselves, will become available after being banned by the Financial…
Imagine you’re looking to invest in an exchange-traded fund (ETF) that tracks a global index. The fund’s net asset value (NAV) is Rs 100, yet the market price is Rs 110. Would you willingly pay a 10% premium? Likely not. However, this is exactly what’s happening with many international ETFs in India. Some are trading…
The U.S. Securities and Exchange Commission (SEC) is acknowledging crypto asset management firm Grayscale’s bid to create an exchange-traded fund (ETF) for the smart contract platform Solana (SOL). In a new thread on the social media platform X, Bloomberg ETF analyst James Seyffart says the SEC formally acknowledging the bid is noteworthy because the regulatory…
The Federal Bureau of Investigation (FBI) arrested on Thursday an Alabama man who is allegedly behind the hacking of the U.S. Securities and Exchange Commission (SEC)’s account on social media platform X last January. The United States Department of Justice says Eric Council Jr. is accused of conspiring with others to take unauthorized control of SEC’s…
Hong Kong has become a premier global destination for Web3 and digital assets, with its approval of digital currency ETFs and favorable regulations opening up new opportunities for investors and innovators, says the region’s top finance official. Christopher Hui, the Secretary for Financial Services and the Treasury, revealed in a recent statement that he had…
The United States Securities and Exchange Commission (SEC) approved applications from major exchanges, including Nasdaq, CBOE, and the NYSE, to list spot Ether (ETH) exchange-traded funds (ETFs), but firms planning to issue the funds will still have to get approval from the regulator. Last week, ETH ETFs took a major step toward becoming a reality after the SEC,…
Barry Silbert’s Digital Currency Group (DCG) has once again come up short in its bid to recoup its own losses ahead of customers of its bankrupt Genesis digital lending platform. Late last week, U.S. Bankruptcy Judge Sean Lan approved a bankruptcy liquidation plan that will see Genesis Global return around $3 billion in cash and tokens to customers impacted by the…