Nov 20 (Reuters) - A spate of filings for spot bitcoin and ether exchange-traded funds (ETFs), including from traditional finance heavyweights, has revived the crypto market that had been crushed by a series of meltdowns last year. A spot crypto ETF would track the market price of the underlying crypto asset, giving investors exposure to the token without having to buy the currency. The SEC has previously denied all spot bitcoin ETF applications citing potential for fraud, but that could soon change after it lost a legal battle in August. Here is a pipeline of filings for spot bitcoin ETFs awaiting approval: Company Trust/ETF Filed on Exchange Latest name development BlackRock iShares June 2023 If The world's Bitcoin approved, largest asset Trust will trade manager filed on Nasdaq for the spot and use bitcoin ETF in Coinbase June buoying Custody as crypto markets crypto globally. custodian and BNY Mellon as cash custodian Grayscale Grayscale Is seeking NYSE Arca In August, a Investments Bitcoin to convert federal Trust its spot appeals court Grayscale ruled the SEC Bitcoin was wrong to Trust reject an application into an from Grayscale ETF to create a spot bitcoin exchange-trade d fund. Fidelity Wise June 2023 Cboe Fidelity Origin Global refiled its Bitcoin Markets application in Trust late June after media reports said the SEC found the initial paperwork to be incomprehensiv e. Ark Invest ARK June 2023 Cboe BZX The paperwork and 21Shares Exchange was refiled on 21Shares Bitcoin with June 28 for ETF Coinbase the third time Custody as with the SEC the after the custodian regulator said of the its initial trust prospectus didn't meet the requirements to prevent fraud and market manipulation. WisdomTree WisdomTree June 2023 Cboe BZX It was refiled Bitcoin Exchange for approval Trust with U.S. on June 20 Bank, N.A. after two as previous custodian rejections. Valkyrie Valkyrie June 2023 Nasdaq It filed with Digital Bitcoin with the SEC on Assets Fund Coinbase June 21 to Custody as launch under the the ticker custodian BRRR. The SEC of the had in Dec trust 2021, rejected a previous filing by NYSE Arca to list a spot bitcoin ETF by Valkyrie. Invesco and Invesco Amended Cboe BZX Invesco Galaxy Galaxy Oct 2023 reactivated Digital Bitcoin its Sept 2021 ETF application to launch the ETF. HashDex HashDex In Sept, NYSE Arca SEC has Spot 2023, delayed the Bitcoin filed to decision on ETF convert the bitcoin application. futures ETF into a spot bitcoin ETF Here is a pipeline of spot ether ETFs awaiting approval: Company Trust/ETF Filed Exchange Latest name on development Ark Ark Sept Cboe BZX Awaiting SEC Invest-21S 21Shares 2023 Exchange approval. Both hares Ethereum the companies ETF partnered to launch another suite of crypto-tied ETFs this month. BlackRock iShares Nov Nasdaq Officially Ethereum 2023 filed on Nov. Trust 16, awaiting SEC approval. Here are some ether futures-tied ETFs that have been approved recently: Company Managed by VanEck Ethereum VanEck Strategy ETF Bitwise Ethereum BitWise Asset Management Strategy ETF Bitwise Bitcoin BitWise Asset Management and Ether Equal Weight Strategy ETF Valkyrie Bitcoin Valkyrie Funds and Ether Strategy ProShares Ether ProShares Strategy ProShares ProShares Bitcoin & Ether Equal Weight ETF ProShares Short ProShares Ether Strategy ETF ProShares ProShares Bitcoin & Ether Market Cap Weight Strategy ETF Sources: filings, media reports, company statements (Reporting by Manya Saini and Niket Nishant in Bengaluru; Editing by Michelle Price and Shounak Dasgupta)
Real-time Crypto 08:15:20 2024-04-28 am EDT | 5-day change | 1st Jan Change | ||
59,396 EUR | +0.03% | -2.80% | +54.58% |
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Stocks mentioned in the article
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5d. change
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63,528 USD | +0.15% | -2.38% | - | ||
59,396 EUR | +0.03% | -2.80% | - | ||
15,928 PTS | +2.03% | +4.23% | - | ||
3,292 USD | +1.18% | +3.05% | - | ||
3,077 EUR | +1.04% | +2.61% | - | ||
762.9 USD | +0.69% | +1.72% | 113B | ||
236.3 USD | +5.68% | +11.99% | 58B | ||
56.74 USD | -1.49% | -0.99% | 19.02B | ||
14.67 USD | +1.10% | -4.55% | 6.6B | ||
8.65 USD | -1.37% | -0.92% | 1.27B | ||
0.0518 BTC | +1.01% | +5.53% | - | ||
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- How close are crypto markets to first spot bitcoin, ether ETFs?