Spot bitcoin ETF unlikely until at least mid-2022: Valkyrie Funds CIO
2021-10-28 13:23:08 An exchange-traded fund backed by physical bitcoin is still far off, says the man behind the second-ever bitcoin futures ETF. The Valkyrie Bitcoin Strategy ETF (BTF), an actively managed product that holds a mix of front-month bitcoin futures contracts, Treasurys, corporate bonds and cash, followed in ProShares’ footsteps last week. Valkyrie’s ETF launch […]
Bitcoin miner Stronghold Digital Mining makes Nasdaq debut
2021-10-20 15:11:13 Spence and Beard of Stronghold Aaron Kotowski Shares of Stronghold Digital Mining jumped 52% in their first day of trading on Wednesday, as investors show enthusiasm for nascent companies tied to cryptocurrencies. Trading on the Nasdaq under ticker symbol “SDIG,” the Pennsylvania company, which mines bitcoin from waste coal, priced its stock at […]
First bitcoin futures ETF rises 3% in trading debut on the NYSE
2021-10-19 06:37:06 Shares of the first U.S. bitcoin-linked exchange-traded fund rose in their trading debut Tuesday. The ProShares Bitcoin Strategy ETF, ticker “BITO,” jumped more than 3% to $41.44. The fund tracks CME bitcoin futures, or contracts speculating on the future price of bitcoin, rather than the crypto itself. That means investors in the ETF […]