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Ethereum Etf

Proshares Files For Bitcoin Etf; Will The Sec Change Its Hostile Stance?

Proshares Files For Bitcoin Etf; Will The Sec Change Its Hostile Stance?

ProShares Files for Bitcoin ETF; Will the SEC Change Its Hostile Stance? ProShares has thrown its hat into the ring to become the first exchange-traded fund (ETF) provider to receive approval from the U.S. Securities and Exchange Commission (SEC) to launch a Bitcoin ETF . As revealed in a filing registered with the SEC on September 27, ProShares is applying to list two Bitcoin ETFs on the NYSE Arca trading platform. Neither fund will hold bitcoin directly but will rather trade in bitcoin futures contracts. ProShares Bitcoin ETF aims to track the performance of the lead month bitcoin futures contract, which serves as the funds benchmark. Since the fund deals in futures contracts rather than bitcoin itself, its performance may diverge substantially from that of the bitcoin price itself. From the filing: A change in the price of bitcoin today will not necessarily result in a corresponding movement in the price of the Bitcoin Futures Contracts since the price of the Bitcoin Futures Contracts is based on expectations of the price of bitcoin at a future point in time. As a result, each Fund should be expected to perform very differently from the performance of bitcoin (or the inverse of such performance) over all periods of time. The company has also applied to list ProShares Short Bitcoin ETF, an inverse fund that seeks to track, for a single day, the inverse (-1x) of the funds benchmark. Because the value of this fund increases as the price of futures contracts decline, it will enable investors to hedge against a drop in the price of futures contracts. It is unclear whether ProShares will be able to overcome the regulatory hurdles that have prevented other firmssuch as Winklevoss Capital and SolidX from listing their funds on the NYSE. Although funds tracking the price of Continue reading >>

The First Blockchain Etfs Launched On Nasdaq, Nyse Today

The First Blockchain Etfs Launched On Nasdaq, Nyse Today

The First Blockchain ETFs Launched on Nasdaq, NYSE Today Jan 17, 2018 at 15:00 UTC|UpdatedJan 17, 2018 at 22:04 UTC Reality Shares Advisors and Amplify Trust ETF launched the first blockchain-based exchange-traded funds (ETFs) on Nasdaq and the New York Stock Exchange Arca today. Both funds went live on their respective exchanges at 9:30 a.m. EST. Reality Shares' Nasdaq NextGen Economy ETF (BLCN) opened at $24.20, while Amplify's Transformational Data Sharing ETF (BLOK) started closer to $20. Both ETFs will exclusively invest in blockchain-based companies, according to a previous CoinDesk article . When the prospectuses were first filed in November 2017, the companies noted that investing in blockchain startups could be risky, as there are few regulations on the technology and companies may not necessarily turn a profit. However, the prospectuses also noted that the funds would only invest in companies with a market capitalization of greater than $200 million and which had a six-month daily trading average of at least $1 million. Reality Shares has developed an index with Nasdaq to track blockchain startups which the ETF will utilize, saidKian Salehizadeh, an analyst with Reality Shares. Nasdaq's blockchain research team forms part of the index's contributors. The index is further supported by an algorithm developed by Reality Shares. "We wanted to do a blockchain technology-related ETF, so not another bitcoin fund but something that takes advantage of the underlying ecosystem. So we developed a methodology in-house which measures seven quantitative factors and we run those factors on a universe of publicly traded [data]." He further told CoinDesk that the company's ETF originally contained the word "blockchain" in its name, but the U.S. Securities and Exchange Commiss Continue reading >>

Ethereum Classic Investment Trust In The News

Ethereum Classic Investment Trust In The News

Ethereum Classic Investment Trusts shares are the first securities solely invested in and deriving value from the price of ETC. Ethereum Classic Investment Trust enables investors to gain exposure to the price movement of ETC through a traditional investment vehicle, without the challenges of buying, storing, and safekeeping ETC. Shares track the ETC market price, less fees and expenses* Transfer Agent: Continental Stock Transfer & Trust * The Ethereum Classic Investment Trust does not currently operate a redemption program and may halt creations from time to time. The Trust may, but will not be required to, seek regulatory approval to operate a redemption program. The Sponsor intends to direct up to one-third of the Annual Fee, for the first three years of the Trust's operations, towards the Ethereum Classic Cooperative, whose initiatives support development, marketing, and community activities of the Ethereum Classic Network. For more information, visit etccooperative.org ** Valuation represents the ETC Holdings of ETC Trust shares Titled, auditable ownership through a traditional investment vehicle Ethereum Classic Investment Trust is a traditional investment vehicle with shares titled in the investors name, providing a familiar structure for financial and tax advisors and easy transferability to beneficiaries under estate laws. Shares of Ethereum Classic Investment Trust are eligible to be held in certain IRA, Roth IRA, and other brokerage and investor accounts. Supported by a network of trusted service providers Davis Polk & Wardwell LLP serves as legal counsel to the Sponsor of Ethereum Classic Investment Trust. Financial statements for Ethereum Classic Investment Trust are audited annually by Friedman LLP. The private keys for Ethereum Classic Investment Trusts Continue reading >>

Ethereum Etn Comes To Sweden

Ethereum Etn Comes To Sweden

Europes video game capital gets Ethereum ETN Jamie Dimon thinks bitcoin is a fraud and a bubble worse than tulips. But what aboutethereum? Swedish ETN provider XBT is listing a newethererumtracking note in Stockholm (COINETH). Being anETNnot an ETF,COINETHis unsecured debt tracking the spot price ofethereum. Ethereum is a cryptocurrency that trades on a blockchain, just like bitcoin. Many people believe thatethereumis better than bitcoin because its blockchain has an additional feature called the smart contract. The smart contract allowsethereumto not only track transactions but programme them. Smart contracts let investors exchange other assets such as shares or property without having to go to a lawyer, accountant or third-party service provider. Despite arguably holding more promise,ethereumhas been more volatile than bitcoin. During a flash crash in June, it sank from $319 to 10 cents in seconds. PowerShares brings its famous NASDAQ tracker to Europe Invesco PowerShares biggest ETF by far is its famous NASDAQ tracker, the QQQ. With $53 billion under management, QQQ is one of the most successful ETFs in the world. And now PowerShares will try to export QQQs success to Europe, with the PowerShares EQQQ Nasdaq-100 UCITS ETF being listed in London and Frankfurt (EQGB,EQEU). NASDAQ is a major US index that is famously and heavily weighted towards tech companies. The biggest four tech companies alone Google, Apple, Facebook, Microsoft make up almost 40% of the indexs weighting. NASDAQ tracking ETFs have drawn criticism because they fall into a peculiar pocket of EU regulation. Strangely, under UCITS rules an index like NASDAQ cannot be tracked by an actively managed fund because it is insufficiently diverse. (Actively managed UCITS funds are banned from getting more than Continue reading >>

Ethereum Etf? The Bitcoin Crushing Digital Currency Explained

Ethereum Etf? The Bitcoin Crushing Digital Currency Explained

Ethereum ETF? The Bitcoin Crushing Digital Currency Explained July 14, 2017, 02:04:00 PM EDT By Neena Mishra, Zacks.com Bitcoin and Ether have garnered a lot of attention this year due to explosive surge in prices as also extreme volatility. Ether or etherum had surged to about $400 in June, up almost 5,000% from $8 in January. This week, it fell to below $200, down more than 50% from the recent high but still up more than 2,000% year-to-date. Bitcoin, on the other hand, is up about 125% this year. (Read: Bitcoin ETF-The Skyrocketing Cryptocurrency Explained ) While bitcoin is arguably better known, ether is fast catching up. At this pace of growth, ether, which was founded just about two years back, could become the dominant digital currency in the world in the coming months. There are several reasons for ether's rising popularity. Ongoing feud among bitcoin developers, miners and technical experts over how to expand its processing capacity in order to meet increased demand has also led many investors to ethereum. The bitcoin network currently imposes a limit of seven transactions per second, which has slowed trading and resulted in higher fees. Some believe that bitcoin would eventually be split into two forms. According to a recent survey of digital currency users, 94% of the respondents were positive about the state of ethereum, versus only 49% positive about bitcoin. Per Coindesk, some of the negativity toward bitcoin results from surge in the transaction fees and long processing times. Another reason was many users view bitcoin as less of a digital currency and more of a digital gold or store of value, whereas they believe that ether could function as a currency. (Read: Gold ETFs Awaiting Bullish Reversals in Second Half of 2017? ) Bitcoin's reputation has also b Continue reading >>

Fans Of Digital Currency Ether Can Now Buy Etnsin Sweden

Fans Of Digital Currency Ether Can Now Buy Etnsin Sweden

Bloomberg the Company & Its Products Bloomberg Anywhere Remote LoginBloomberg Anywhere Login Bloomberg Terminal Demo Request Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Fans of Digital Currency Ether Can Now Buy ETNsIn Sweden CoinShares offers two ether-linked exchange-traded notes Ethereum products are listed on Nasdaqs Sweden exchange Banks Respond to Growing Interest in Cryptocurrencies Ether is becoming more accessible to everyday investors. The digital currency that competes with bitcoin is now available via two exchange-traded notes, which track its price and are available on Nasdaqs Sweden exchange. XBT Provider by CoinShares, which already offers a similar investment vehicle for bitcoin, said in a statement Wednesday that the notes will track the price of ether, as determined by an index rate comprising the average of the three most liquid of a select group of exchange prices daily. The new instruments mean investors can now buy the cryptocurrency through broker instead of via online websites called exchanges or so-called wallets. The price of ether was little changed today at about "Theres a large number of investors who are interested in ether, but dont want to go to exchanges and create a wallet," Eric Balchunas, an analyst with Bloomberg Intelligence, said in a phone interview. "This is for the kind of crowd that is looking at getting an easy way to get crypto." The notes could also be a step toward the U.S. approving Continue reading >>

Forget Bitcoin, Buy Ether

Forget Bitcoin, Buy Ether

Value, contrarian, portfolio strategy, cryptocurrencies Bitcoin is making headlines again, since it just smashed through its $5000 barrier onto $6000. Ill tell you why Bitcoin jumped, and why it's temporary. You should be looking at Ether instead of Bitcoin right now. I walk you through what the Ethereum network is, and why its a better idea than Bitcoin in the long term. Bitcoin (BTC) just smashed through $5000 , is approaching $6000, and is making headlines again. Also, this time Jamie Dimon is refusing to talk about it . You should ignore this price jump, and buy Ether (ETH) instead. In a previous series of articles I explained how to value Bitcoin (Part I), and what it's value is (Part II). Unless we get either (1) a speculative bubble, or (2) a major leap in Bitcoin's technology, I don't think that BTC warrants higher than a 30% price increase over the next 12 months from, and likely not even that much. Ether, by contrast, is set for another 100% gain. I'm going to explain why, beginning with what the Ethereum network is. The Ethereum network flips Bitcoin technology on its head, and that's why it's so much better. To be clear, Bitcoin is a digital currency that works by a blockchain technology. That technology just keeps track of who owns what, i.e., of the global leger of Bitcoin transactions. So the technology powers the coin. The Ethereum network inverts that idea: the coin powers the technology. The blockchain technology is the Ethereum network, which runs a system of global "smart" contracts (i.e., they are like legal contracts, but are enforced automatically by a computer program). Ether is the coin that powers the Ethereum network; it's the "gas," so to speak. Each time the program runs, it requires "gas" to complete a transaction. The more people on the n Continue reading >>

Ethereum Etf Filing Update - Sec Application : Ethtrader

Ethereum Etf Filing Update - Sec Application : Ethtrader

Welcome to /r/EthTrader | Foundation Tip Jar | Rules | Policy | Mod Logs | Vote Tracking | News Timeline | Education | Comments RECDAO is a meta-community that seeks to provide Ethereum-based tools for improving how we use Reddit. Pre-register and then register your Reddit username on the Ethereum blockchain, vote in the dao, and be awarded community tokens based on your karma in community subs. Please see the FAQ for more details. TECHNICAL ANALYSIS FUNDAMENTAL ANALYSIS DISCUSSIONS DAPP DISCUSSIONS NEWS DAPP NEWS SCAMS WARNINGS TOKEN WARNINGS SECURITY RELEASE DAPP RELEASE EXCHANGES ADOPTION DAPP ADOPTION SENTIMENT STRATEGY METRICS MINING EDUCATIONAL MEDIA LEGACY DAPP ERC20 TOKEN AUGUR ALTETH ALTCOINS COMEDY SUPPORT TOOL You can correct inaccurate link-flair assignments by typing "[AutoMod]" along with the flair name in a top-level comment, e.g. [AutoMod] DAPP-NEWS. All flair names are capitalized, e.g. use [AutoMod] EXCHANGE instead of [AutoMod] Exchange. Two word flairs require a hyphen in between them. Requires 100 comment karma and 1-month account age. If this feature doesn't work, please message the modmail . Continue reading >>

The Ethereum Etf Filing Gets An Update

The Ethereum Etf Filing Gets An Update

Slowly, slowly, through the dusty grey-beige bureaucratic halls, the Ethereum ETF doth movth. And the fact ce puo si muove, is news in itself, because the timing is somewhat interesting. Just days after Dalia Blass (pictured above), a former lawyer at the firm that advised the Winklevoss twins in their ETF bid, was appointed by Trumps new SEC chair Jay Clayton as the ETF Chief , the Ethereum ETF filing is updated on September 5th. The document is far too long, very bureaucratic, containing much general information with little interesting we assume so we dont know what exactly was updated or changed, but they may have added more specific details and information because if we recall correctly the first filing was bare bones. However, one interesting statement may be the fact that the Bank of New York Mellon is the custodian of cash of the Trust Coinbase is the custodian of the ether of the Trust. We presume SEC has plenty of confidence in BNYM. Coinbase has never been hacked as far as we know, so the eth funds will probably be there as safe as they can be. But with such names asJoseph Quintilian and Gregory DiPrisco, the founders of EtherIndex which is to act as a trustee for the ETF, youd expect such small details to be taken care of at the highest quality. As we assume are their lawyers becauseQuintilian appears to be a well connected Wall Street banker or trader. He is also politically involved, so being a board member ofConcord 51, a political action committee that targets young professionals, primarily Republicans. Jay Clayton, the Trump appointed chair, knows a thing or two about Wall Street bankers as New York Times detailed back in March. WhileQuintilians apparent support for Republicans may give the filing a more interesting dimension than the lawyer drafted doc Continue reading >>

Bitcoin And Ethereum Etf Chances Increase As Sec Appoints New Etf Chief, Dalia Blass, A Lawyer From The Firm That Advised Winklevoss In Their Etf Bid

Bitcoin And Ethereum Etf Chances Increase As Sec Appoints New Etf Chief, Dalia Blass, A Lawyer From The Firm That Advised Winklevoss In Their Etf Bid

Bitcoin and Ethereum ETF Chances Increase as SEC Appoints New ETF Chief, Dalia Blass, a Lawyer From the Firm That Advised Winklevoss in Their ETF Bid The Securities and Exchanges Commission (SEC), which oversees the US investment market, announced yesterday Dalia Blass as a new Director of the agencys Division of Investment Management, according to a press release. That division is in charge of ETFs in particular and the investment management industry more generally. WithJay Clayton, the Trump appointed new chair of the SEC, stating: Dalias years of service here at the SEC and extensive experience in the private sector will make her a valuable asset to the agency and the Division of Investment Management. The investment management industry is constantly evolving, yet its integrity is vital to our markets and Main Street investors. I know Dalia and the dedicated team in the Investment Management Division recognize this and will continue to work every day to fulfill the SECs mission. Blasss credentials seem impeccable. AHarlan Fiske Stone Scholar, she started her career in the London office of Shearman &Sterling LLP, gradually progressing toRopes & Gray LLP, which she now leaves to join the SEC. Ropes & Gray is the firm advising the Winklevoss in their bitcoin ETF bid. Blass didnt do so directly as far as we are aware, but this appointment is hopefully the Republicans way of sending a signal, one that will priorities innovation and the free market over the democrats need to red-tape everything. Blass, in her choice of words, seems to suggest so. After the customary thanking and expression of gratitude, the new director says: The asset management industry is more important than ever to American investors and to our capital markets. I am humbled by the opportunity to lead Continue reading >>

Ethereum Etf? The Bitcoin Crushing Digital Currency Explained

Ethereum Etf? The Bitcoin Crushing Digital Currency Explained

Ethereum ETF? The Bitcoin Crushing Digital Currency Explained Bitcoin and Ether have garnered a lot of attention this year due to explosive surge in prices as also extreme volatility. Ether or etherum had surged to about $400 in June, up almost 5,000% from $8 in January. This week, it fell to below $200, down more than 50% from the recent high but still up more than 2,000% year-to-date. Bitcoin, on the other hand, is up about 125% this year. (Read: Bitcoin ETFThe Skyrocketing Cryptocurrency Explained ) While bitcoin is arguably better known, ether is fast catching up. At this pace of growth, ether, which was founded just about two years back, could become the dominant digital currency in the world in the coming months. There are several reasons for ethers rising popularity. Ongoing feud among bitcoin developers, miners and technical experts over how to expand its processing capacity in order to meet increased demand has also led many investors to ethereum. The bitcoin network currently imposes a limit of seven transactions per second, which has slowed trading and resulted in higher fees. Some believe that bitcoin would eventually be split into two forms. According to a recent survey of digital currency users, 94% of the respondents were positive about the state of ethereum, versus only 49% positive about bitcoin. Per Coindesk, some of the negativity toward bitcoin results from surge in the transaction fees and long processing times. Another reason was many users view bitcoin as less of a digital currency and more of a digital gold or store of value, whereas they believe that ether could function as a currency. (Read: Gold ETFs Awaiting Bullish Reversals in Second Half of 2017? ) Bitcoins reputation has also been hurt by recent global cyberattacks where ransom was deman Continue reading >>

Ethereum Price Prediction 2018

Ethereum Price Prediction 2018

Twitter Facebook LinkedIn Google+ Pinterest Tumblr Email Editors Note: This article was republished with permission from Investor Mint . Although it is foolhardy to make an Ethereum price prediction with confidence, it may be possible to forecast future prices using various analytic methods. Whether conventional technical analysis, Monte Carlo simulations, or market capitalization comparisons, we explore what the future holds for the price of Ethereum. But in order to make price forecasts for Ethereum, we first need to see how and why it is different to the original cryptocurrency, Bitcoin. Bitcoin may have sparked the cryptocurrency revolution but Ethereum may have greater longevity, which in turn could bode well for forecasters brave enough to make an Ethereum price prediction. While Bitcoin gained popularity as a cryptocurrency that could supplant conventional currencies, like U.S. dollars, euros, and yen, Ethereum has received attention because it has the possibility for broader use beyond payments. The best way to think of Ethereum is as a general purpose platform upon which other applications can be built. Similar to how Apple and Microsoft built operating systems that supported a wide range of software from spreadsheets to budgeting tools, so too can Ethereum support a range of applications related to blockchain technology. The big difference between Bitcoin and Ethereum is that developers are permitted to build applications on top of Ethereums blockchain technology but they are restricted from doing so on top Bitcoins technology. By catering to developers, Ethereum is responsible for the majority of initial coin offerings and its currency has earned a reputation for being robust in the face of cyber attacks. But with hundreds of cryptocurrencies in existence, w Continue reading >>

How To Invest In Ethereum (and Is It Too Late)

How To Invest In Ethereum (and Is It Too Late)

Home How To Invest In Ethereum (And Is It Too Late) How To Invest In Ethereum (And Is It Too Late) Ethereum has become a popular cryptocurrency alternative to Bitcoin over the last year. However, unlike Bitcoin and rival currency Litecoin, Ethereum has been adopted by many companies and startups as a way to transact (and more). In the cryptocurrency wars, I like to view Ethereum like the diamond of the currencies - it has both a intrinsic value and an industrial value. Compare this to Bitcoin, which operates like gold - not much industrial value, but people buy it and sell it based on it's intrinsic value to the holder. Given the popularity of Ethereum, many people are curious about what it actually is, how it's different than Bitcoin, and how to invest in it. It's also important to note the risks of investing, and the potential to mine it and create your own wealth of Ether (the actual monetary unit of Ethereum ). Before we dive in, it's important to note that to look at, use, and transact in Ethereum, you need a digital wallet. We recommend Coinbase because it's free, has a great app, and they give you a bonus for depositing $100 . Check it out. Ethereum is basically software that is decentralized and allows developers and programmers to run the code of any application. Wait, what? I thought Ethereum was money... well it has a monetary aspect. You see, Bitcoin uses a technology called blockchain specifically for conducting monetary transaction - it's a straight currency. Ethereum uses blockchain technology to allow the creation of applications that can be executed in the cloud, can be protected from manipulation, and much more (some stuff getting too technical for me here). However, a bi-product of this is that Ethereum uses a token called Ether, which is like Bitcoi Continue reading >>

Ethereum Classic Fund Goes Live, Ethereum Etf Launch Edges Closer

Ethereum Classic Fund Goes Live, Ethereum Etf Launch Edges Closer

Ethereum Classic Fund Goes Live, Ethereum ETF Launch Edges Closer Grayscale Investments has officially made the ETC Investment Trust available to investors, publishers of Coindesk among them. Grayscale Investments has officially made the long awaited Ethereum Classic Investment Trust available to investors on the market. The firm announced on Wednesday that the fund is live for accredited investors. The fund is not the first offer from the firm. Barry Silbert introduced a similar fund for Bitcoin tracked shares as early as in 2013. The fees differ though. While the Bitcoin Trust has an annual fee of two percent, the new Ethereum Trust is at three percent this includes a one percent development contribution that Silbert announced. This will go to development and marketing of the currency for the first three years. 1/ ANNOUNCEMENT: 1/3 of @EthereumTrust mgmt fee will be donated to Ethereum Classic development, marketing & community activities for 3 yrs Grayscale (@GrayscaleInvest) March 31, 2017 The initial capital comes from Silbert himself, Digital Currency Group and Glenn Hutchins who is the co-founder of private investment company Silver Lake . When the fund was initially announced, some within the community raised questions about a possible conflict of interest, or rather the influence of the fund via Digital Currency Group. DCG has business interests in news provider CoinDesk. The trust was announced to the public in early 2016 and immediately caused waves in the ETC market, which was depressed since the fork of Ethereum/Ethereum Classic. The anticipation of the fund going live has already caused a surge of over 200 percent over eight weeks for the $419.1 mln market capital of ETC. Were excited about the Ethereum Classic, as opposed to Ethereum because ETC has a fi Continue reading >>

U.s. Firm Backing Ether-based Etf Says To Refile Listing Application

U.s. Firm Backing Ether-based Etf Says To Refile Listing Application

September 7, 2017 / 9:10 PM / 7 months ago U.S. firm backing ether-based ETF says to refile listing application NEW YORK (Reuters) - The U.S. firm behind an effort to start an exchange-traded fund based on the cryptocurrency ether said on Thursday it planned to refile an application to list the security on Intercontinental Exchange Incs NYSE Arca exchange after an initial filing was withdrawn. NYSE withdrew the application with the U.S. Securities and Exchange Commission to list the EtherIndex Ether Trust ETF on Wednesday, according to a regulatory filing. The withdrawal came after EtherIndex LLC, which would issue the funds shares, amended its registration filing for the ETF on Tuesday. The delay is a timing issue and not at all a reflection of our commitment to the product, Joseph Quintilian, chief financial officer of EtherIndex, said in an email. The SEC began proceedings in April on whether to approve the ETF and was due to make a decision by Sept. 20. EtherIndex will refile the application the moment we see the appropriate developments in the marketplace, said Quintilian, who is also a partner at Axiom Markets LLC, a futures trading firm he co-founded in 2005 with Virtu Financial founder Vincent Viola. He did not give more details. A spokeswoman for NYSE declined to comment. Ether is a digital commodity based on the value token of the blockchain of the peer-to-peer Ethereum computer network, and the ETF would provide shareholders with exposure to the daily change in the U.S. dollar price of the token. The rapid rise in value of cryptocurrencies this year has driven fears of a bubble that could burst. That, along with a number of massive cybersecurity breaches affecting digital currency holders and the lack of consistent treatment of the assets by governments has Continue reading >>

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