• Latest
  • Trending
Barry Silbert on Converting GBTC Into ETF: “Stay Tuned”

Barry Silbert on Converting GBTC Into ETF: “Stay Tuned”

October 17, 2021
A Step-By-Step Guide to Understanding a Crypto Whitepaper

A Step-By-Step Guide to Understanding a Crypto Whitepaper

February 6, 2023
XRP’s Most Surprising Prediction Made by Reaper Financial CEO: Details

XRP’s Most Surprising Prediction Made by Reaper Financial CEO: Details

February 6, 2023
Seven S. Korean Brokerages Plan to Start Crypto Exchanges Next Year: Report

South Korea Issues Guidelines for Regulating Security Tokens as Legislation Looms

February 6, 2023
Binance Tax launched to prepare crypto users for the tax season

Binance Tax launched to prepare crypto users for the tax season

February 6, 2023
Understanding the Hype Around Canto NFTs

Understanding the Hype Around Canto NFTs

February 6, 2023
Ripple CTO Claims XRP Buyback Program Is a Scam

Ripple CTO Claims XRP Buyback Program Is a Scam

February 6, 2023
China doles out millions in digital yuan in bid to boost adoption: Report

China doles out millions in digital yuan in bid to boost adoption: Report

February 5, 2023
DeFi Hacks Top $6 Billion

DeFi Hacks Top $6 Billion

February 5, 2023
Bitcoin BTC Price Not Ready to Soar as Investors Await Fed Chair Speech, More Earnings

Bitcoin BTC Price Not Ready to Soar as Investors Await Fed Chair Speech, More Earnings

February 5, 2023
  • Privacy Policy
Monday, February 6, 2023
Mount Rushmore Crypto
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
Mount Rushmore Crypto
No Result
View All Result
Home Crypto

Barry Silbert on Converting GBTC Into ETF: “Stay Tuned”

J_News by J_News
October 17, 2021
in Crypto, Top News
0
Barry Silbert on Converting GBTC Into ETF: “Stay Tuned”
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter


Alex Dovbnya

Digital Currency Group CEO Barry Silbert has started teasing Grayscale’s ETF push

Related articles

A Step-By-Step Guide to Understanding a Crypto Whitepaper

A Step-By-Step Guide to Understanding a Crypto Whitepaper

February 6, 2023
XRP’s Most Surprising Prediction Made by Reaper Financial CEO: Details

XRP’s Most Surprising Prediction Made by Reaper Financial CEO: Details

February 6, 2023

Barry Silbert, CEO of Digital Currency Group, urged his followers to “stay tuned” in response to a tweet about potentially converting its Grayscale Bitcoin Trust into a physically-backed exchange-traded fund.

stay tuned

— Barry Silbert (@BarrySilbert) October 17, 2021

ProShares’s Bitcoin futures ETF is set to start trading on Monday after it was greenlit by the U.S. Securities and Exchange Commission earlier this week.  

However, the regulator has so far shot down all the proposals to launch an ETF that will not track the price of Bitcoin directly due to concerns about investor protection. Instead, investors will have exposure to the Chicago Mercantile Exchange’s futures contracts.  

Joe Orsini, director of research at Eaglebrook Advisors, has outlined some risks associated with a futures-based ETF in his recent thread, claiming that it will be applicable for intra-day trading instead of long-term investing.

Futures-based #bitcoin ETFs? Buyer Beware.

A thread on contango, using USO ETF (a futures-based ETF on crude oil) to compare performance of Spot WTI Crude, 1st-month Crude Futures, and a futures-based ETF.

1/n pic.twitter.com/04Rv1m7NKB

— Joe Orsini, CFA (@JoeOrsini_) October 15, 2021

Last month, Grayscale CEO Michael Sonnenshein opined that approving a futures-based ETF before a spot-based one would be a “short-sighted” decision.

According to a Thursday report by CNBC, the company is very close to filing with the SEC in order to convert GBTC into a spot-based ETF.

As reported by U.Today, Grayscale hired ex-Alerian CEO David LaValle to work on such a plan this September.

The leading cryptocurrency asset manager confirmed that it was intending to convert its Bitcoin trust into an ETF in early April.





Source link

ShareTweetShareShare
Previous Post

CFTC Fines Tether and Bitfinex $42.5M for ‘Untrue or Misleading’ Claims

Next Post

Instar Surpasses over 275000 Wallets, More Growth Expected in Future | by The Capital | The Capital | Oct, 2021

Related Posts

A Step-By-Step Guide to Understanding a Crypto Whitepaper

A Step-By-Step Guide to Understanding a Crypto Whitepaper

by J_News
February 6, 2023
0

Do you know why most people lose money in every new crypto project they invest in? The answer is not...

XRP’s Most Surprising Prediction Made by Reaper Financial CEO: Details

XRP’s Most Surprising Prediction Made by Reaper Financial CEO: Details

by J_News
February 6, 2023
0

Tomiwabold Olajide XRP's seven-year prediction made by Patrick L. Riley, CEO of Reaper Financial Patrick L. Riley, CEO of Reaper...

Seven S. Korean Brokerages Plan to Start Crypto Exchanges Next Year: Report

South Korea Issues Guidelines for Regulating Security Tokens as Legislation Looms

by J_News
February 6, 2023
0

Security tokens refer to the digitalization of securities under the Capital Markets Act using distributed ledger technology, according to the...

Binance Tax launched to prepare crypto users for the tax season

Binance Tax launched to prepare crypto users for the tax season

by J_News
February 6, 2023
0

For many countries, the tax season is right around the corner, which means companies in the crypto industry will need...

Understanding the Hype Around Canto NFTs

Understanding the Hype Around Canto NFTs

by J_News
February 6, 2023
0

Non-fungible tokens (NFTs) have become increasingly popular in recent times. This trend has not gone unnoticed and is now the...

Load More

Enter your email address:

Delivered by FeedBurner

Quick Navigate

  • Home
  • Crypto
  • Crypto Technical Analysis
  • Top News
  • Thank You
  • Store
  • Crypto Vouchers
  • About Us
  • What Cryptocurrency Is and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

Top News

Crypto Slang Terms – 20 Words You Should Know

Web3 vs Web2 – What Are Some Of The Core Differences?

Buying Bitcoin now? What this could mean

© 2021 mtrushmorecrypto - Crypto Related News Blog

No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

© 2021 mtrushmorecrypto - Crypto Related News Blog

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT