Tag: Bitwise

The crypto industry's optimism remains unbroken following Donald Trump's election victory. ETF powerhouse Bitwise takes the next step in crypto finance, filing for an ETF that tracks firms with substantial Bitcoin holdings. Dubbed the Bitwise Bitcoin Standard Corporations ETF, the fund will focus on companies like MicroStrategy that have embraced the "Bitcoin standard."

The stablecoin sector has smashed through the $200 billion market cap milestone, fueled by surging demand across crypto markets, payments, and remittances. Key players like Tether and Circle are leading the charge, while innovative yield-bearing tokens are reshaping the landscape. Asset manager Bitwise sees the stablecoin market growing to $400 billion next year.

The US-based Bitwise Asset Management is one of the leading providers of crypto index funds and ETFs. Bitwise has a six-year track record focused solely on crypto and aims to provide investors with professional-grade, rules-based exposure to the crypto asset class through its index funds and ETFs. The company announced the acquisition of London-based ETP issuer ETC Group.

Crypto prices continue to rise in anticipation of the imminent approval of a Bitcoin ETF by the U.S. SEC. BlackRock, the world's largest asset manager, has submitted an updated filing for a spot Bitcoin (BTC) ETF under its subsidiary iShare Bitcoin Trust to the SEC on December 4. In a closely timed move, Bitwise, the leading crypto index fund manager, also updated its filing just an hour prior to BlackRock.

In a stunning development, the U.S. Securities and Exchange Commission (SEC) has filed charges against Jake Soberal and Irma Olguin, Jr., the former co-CEOs of Fresno-based tech startup Bitwise Industries Inc. The allegations suggest the duo engaged in deceitful practices to mislead investors about the financial status of the company. Both Soberal and Olguin have agreed to a settlement of these charges.

The crypto community is buzzing with anticipation as the U.S. Securities and Exchange Commission (SEC) nears a pivotal decision period for approving Bitcoin exchange-traded funds (ETFs). The Bitcoin price has risen to almost $37,000 in the last few hours in hopes that the SEC will soon approve Bitcoin ETFs. The possibility of the SEC greenlighting as many as 12 pending spot Bitcoin ETF applications by mid-November looms large.

On "Bloomberg Markets," Michael Sonnenshein, the CEO of Grayscale Investments, characterized the U.S. appeals court's decision to overturn the U.S. Securities and Exchange Commission's (SEC) block on his company's proposed Bitcoin exchange-traded fund (ETF) as a significant victory. This ruling has reignited optimism for launching the inaugural US crypto ETF. However, the SEC has pushed back its decision deadline until October for all the applications.