Hedge Fund Observer Skeptical Of SEC Approving A Bitcoin ETF Anytime Soon
The writer and market observer behind Tyler Durden of prominent financial news website Zero Hedge, doesn’t expect the SEC to approve a bitcoin hedge fund anytime soon, in light of how long it has taken the agency to act on the Winklevoss ETF and other factors, including China’s dominance of bitcoin trading. Durden thinks the delay in getting a bitcoin ETF approved will keep cryptocurrency volatile, which he thinks is good since it’s an asset traders are looking for given the lack of volatility in other assets. More than three years ago, Winklevoss Capital Management LLC, launched the....
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JP Morgan’s analysts say that the U.S. Securities and Exchange Commission (SEC) approving a bitcoin exchange-traded fund (ETF) is likely negative for bitcoin in the near term. There is optimism around the prospect of the SEC approving a bitcoin ETF under new leadership, the analysts say. SEC Approving Bitcoin ETF Could Be Negative JP Morgan published a report on Friday that discusses the impact of an SEC-approved bitcoin ETF on the bitcoin market. “Optimism around the prospect of the SEC approving a bitcoin ETF in the US this year has risen in anticipation of SEC leadership....
In July, a hedge fund in Jersey issued a press release announcing that it had become the first regulated fund to deal in bitcoin. The Jersey fund, called Global Advisors Bitcoin Investment Fund (GABI), later said it was seeking $200m in assets under management. In subsequent months, mentions of GABI have been regularly prefaced by its status as the first regulated bitcoin hedge fund by everyone from the BBC to Newsweek. Now another hedge fund is challenging GABI's claim. Crypto Currency Fund, managed by Timothy Enneking, says that it, not GABI, should rightfully be referred to as the....
No longer is bitcoin for the enthusiast, it would seem. With increasing popularity, businesses - and now financial institutions - are looking to get their hands into the pot. Case in point: A San Francisco-based hedge fund is seeking to bring aboard what they call a "Junior Bitcoin Execution Trader", according to a job posting by Glocap that was emailed to a list of subscribers. The hedge fund's (unclear just which one) "seeking a junior trader to assist with bitcoin execution, general fund operations, and reporting." We've seen interest in bitcoin from hedge funds before, but this is the....
The British IT professional has revealed that his attempt to recover his lost fortune has been sponsored by a multi-billion dollar hedge fund that is willing to cover any and all costs associated with the hunt, including all necessary equipment. Hedge Fund To Back Hunt James Howells, a British IT professional who threw out a […]
A recent development around approving a Bitcoin spot Exchange Traded Fund (ETF) in the US saw crypto asset manager Bitwise taking a stand against the SEC’s reasons for not approving their spot Bitcoin (BTC) fund. Deciphering The “Mixed” Academic Record To strengthen its case, Bitwise submitted a review of academic literature regarding the Bitcoin futures […]