Vanguard Welcomes Crypto ETFs, Mutual Funds Starting December 2nd
One of the world’s largest asset managers, Vanguard Group, once skeptical about providing investors with access to the crypto market, has decided to allow trading of exchange-traded funds (ETFs) and mutual funds consisting primarily of digital assets on its platform. Vanguard Responds To Crypto Demand Bloomberg reported on Monday that beginning on December 2, investors […]
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One of the world’s largest asset managers, Vanguard, is reportedly preparing to enter the digital asset space by offering access to crypto exchange-traded funds (ETFs) for the first time. This move comes after a period of skepticism from the firm, which manages approximately $10 trillion in assets. Vanguard Lays Groundwork For Crypto ETFs According to […]
Stock of three major cryptocurrency mining firms are appearing in Fidelity, Vanguard and Charles Schwab mutual funds.
Rulings on the approval of Bitcoin Exchange traded funds (ETFs) are set to be disclosed in the coming months. Investors brace themselves for what could be a historic reveal in the world of investments; flooding in new money to Bitcoin, and ushering in a new era of similar products and innovation. But, because of the lack of this type of product in the market, combined with Bitcoin’s history of price volatility and the Securities and Exchange Commission’s (SEC) stimulus to protect consumers, many question, “Will a Bitcoin ETF ever happen?”. ETFs are investment funds, similar to mutual funds....
The Securities and Futures Commission hinted it would follow in the CME’s footsteps by only initially allowing listings of ETFs linked to Bitcoin and Ether futures. The Securities and Futures Commission of Hong Kong has set up requirements for entities considering a public offering of an exchange-traded fund (ETF) tied to cryptocurrency futures.In an Oct. 31 circular, the SFC said that in addition to previously imposed requirements on unit trusts and mutual funds for authorization of a crypto futures ETF, management companies in Hong Kong would need to “have a good track record of....
The U.S. SEC will monitor the compliance of mutual funds with exposure to Bitcoin futures and look into whether the market can accommodate an ETF. The United States Securities and Exchange Commission, or SEC, has issued an investor warning pointing out risks of mutual funds that have exposure to Bitcoin (BTC) futures.In an official statement on Tuesday, the SEC strongly encouraged investors to thoroughly consider risks disclosure of a mutual fund on the Bitcoin futures market, stressing that Bitcoin is a “highly speculative investment.” The authority emphasized that investors should take....