BlackRock announces the launch of a new private spot Bitcoin trust
According to a new blog post on Thursday, BlackRock, the world’s largest asset management overseeing over$10 trillion in total assets, launched a new private spot Bitcoin (BTC) trust. The fund is only available to U.S. institutional investors and seeks to track the performance of Bitcoin, less the expenses and liabilities of the trust. In explaining […]
Three new crypto ETFs to begin trading in Australia this week
Australians will soon have more options for spot cryptocurrency exchange-traded funds (ETFs) after a previous hold-up was given the green light this week and new funds entered the ETF market. The latest update came late on May 9 as Cboe Australia issued a round of market notices that three funds previously delayed are expected to […]
Grayscale gears up for legal battle with SEC over Bitcoin ETF
Grayscale CEO Michael Sonnenshein said the firm is gearing up for a legal fight if Grayscale’s Bitcoin Spot ETF product is denied by the United States Securities and Exchange Commission (SEC). In an interview with Bloomberg on Tuesday, March 29, Sonnenshein was asked if he would consider the Administrative Procedure Act (APA) lawsuit option if […]
El Salvador to build 20 'Bitcoin Schools' with surplus from Bitcoin Trust
The government of El Salvador is embarking on its next Bitcoin-related project which involves building schools using profits the nation has made on the asset. Profits or the “surplus” from the state’s Bitcoin Trust account will be channeled into the construction of 20 schools according to President Nayib Bukele. On Nov. 2, the Press Secretary […]
El Salvador to build $4M veterinary hospital using profits from Bitcoin trust
Salvadoran president Nayib Bukele has announced plans to invest part of the $4 million worth of profits the country has amassed from its Bitcoin holdings to invest into constructing a new veterinary hospital in the local capital of San Salvador. Taking to Twitter on Oct. 10, Bukele revealed that El Salvador’s state-operated Bitcoin trust currently […]
Rothschild Investment Corp snaps up quarter of a million shares in Grayscale ETH Trust
Chicago-based financial institution Rothschild Investment Corp, has acquired 265,302 shares in Grayscale’s ETH trust, according to a filing on April 15 with the United States Securities Commission or SEC. The firm also added more Grayscale Bitcoin trust shares to its holdings, with the latest SEC filing revealing that it increased its tally from 30,454 in […]
Canadian firm planning to convert its Bitcoin trust to an ETF
Less than two months after launching trading for shares of its Bitcoin trust, Canada-based investment manager Ninepoint Partners is planning to change its offering to an exchange-traded fund. In an announcement on March 3, Ninepoint said it would be holding a vote for unitholders to decide on whether to convert its existing Bitcoin (BTC) trust […]