British investment managers call for the blockchain-traded funds' approval
The Investment Association believes the new technology will bring significant cost savings for end investors. The Investment Association, a trade body representing British investment managers, is speeding up the local government and financial regulators to approve blockchain-traded funds with digital tokens substituting traditional shares. As the Financial Times reported on Thursday, the trade body is pushing the government to establish a new class of funds employing blockchain technology and create a new task force to examine how distributed ledger technology could accelerate the creation....
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The Australian Securities And Investments Commission has given early approval to fund managers seeking to launch Bitcoin spot exchange traded funds.
With the emergence of bitcoin-based Exchange-Traded Funds (ETF), chatter from observers suggests that the activities coming from these investment funds could double the bitcoin price, if not more. Bitcoin ETF: Prepare for Liftoff. The most high-profile of these funds is the Winklevoss ETF, which has been waiting for SEC approval. While the possibility....
A Nigerian fintech, Moove, recently secured a $20 million investment from British International Investment (BII). Moove said the funds will be used to democratize access to vehicle ownership in Africa.
Credit Extended Based on Drivers’ Performance and Revenue Analytics
The British development finance institution (DFI), British International Investment (BII), recently said it had invested $20 million in the Nigerian mobility fintech Moove. According to a statement released by the institution (formerly CDC Group), the 4-year structured credit investment is a reflection of....
Former US Securities and Exchange Commission (SEC) Chair, Jay Clayton, has weighed in on the ongoing applications for Bitcoin (BTC) spot Exchange-Traded Funds (ETFs) by various asset managers, including BlackRock, WisdomTree, and Ark Invest. Despite the SEC’s cautious approach and the applications facing repeated delays, Clayton is confident that the approval of a Bitcoin ETF […]
The Winklevoss Bitcoin Trust, currently moving towards regulatory approval, could be approved by the end of 2014 and will be a Bitcoin exchange-traded fund (ETF), with each share representing an amount of bitcoin held by the Trust. Currently, such an investment vehicle is only available to wealthy investors, through funds like the Bitcoin Investment Trust. The Winklevoss ETF will allow people with a brokerage account to invest in Bitcoin without having to worry about the challenges of buying, storing, and safekeeping bitcoin. Proposed in 2013, the Winklevoss Bitcoin Trust was the first....