Nasdaq refiles BlackRock's bitcoin ETF application with SEC

The refreshed filing, submitted to the U.S. Securities and Exchange Commission (SEC) on Thursday, said that Coinbase Global Inc will provide market surveillance in support of the proposed ETF from the world's largest asset manager. The move comes after the regulator reportedly had concerns over the initial filings by Nasdaq as being unclear and incomplete. It had flagged similar concerns to Cboe related to a filing from Fidelity.

• 2023-07-04
• BlackRock Inc Nasdaq additional details Cboe U.S. Securities and Exchange Commission Fidelity SEC exchange-traded fund bitcoin ETF

Crypto has a new rescuer: Wall Street

Some of the biggest names in finance are making new bets on digital currencies, helping the industry rally even as it faces rising legal scrutiny.

• 2023-06-25
• Fidelity Investments digital assets Charles Schwab Citadel Securities BlackRock digital currencies Coinbase Deutsche Bank cryptocurrency exchange cryptocurrencies exchange-traded fund Gary Gensler

BlackRock Files for Bitcoin ETF

The world’s largest issuer will use Coinbase as a custodian, according to a regulatory filing.

• 2023-06-16
• BlackRock bitcoin ETF cryptocurrency exchange exchange-traded fund Bitcoin Trust SEC

ProShares’ Bitcoin Futures ETF Increasingly Underperforms BTC This Year: K33 Research

The underperformance stems from hidden costs of rolling futures contracts every month as they expire called the “contango bleed,” exacerbated by this year’s rebound in BTC price.

• 2023-05-31
• ProShares Chicago Mercantile Exchange BITO exchange-traded fund