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Ethereum Etf

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 >>

Bitcoin Etf, Ethereum Etf, Ripple Etf, Crypto Etfs Approved

Bitcoin Etf, Ethereum Etf, Ripple Etf, Crypto Etfs Approved

ETFs or Exchange Traded Fund s are basically stocks traded on stock exchanges which can hold many assets. There has been a lot of fuss if they can also hold crypto assets and if they are going to be approved by central authority. Reasons against it were mainly due to the lack of regulation. Futures were the first to introduce trading with crypto assets to institutional investors. These are basically contracts to buy or sell something at a predetermined price and time. With short future somebody can profit from a fall in price of underlying asset. Shortly after futures were introduced, crypto market suffered a large correction. With futures chances of ETFs approval were suddenly improved. The crypto market expected ETFs before futures and that would result in more money entering the market from institutional investors not less. Market expecting the ETF approval could be related to crypto market higher price speculation. Looks like institutional investors had quite the opposite plan. If somebody wanted to diversify, that was already possible with a crypto fund. Iconomi is the first platform to offer Digital Asset Arrays, which are crypto asset funds similar to ETFs and they are decentralised like its underlying assets. What do you think about crypto ETFs? How will crypto, institutional investors and central authority affect this market? Please follow, if you would like the next post about likely scenario, how will central authority regulate decentralised markets and upvote this post. Thank You for reading. Use this information at your own risk. Disclosure: Author of this post is investing directly and sometimes indirectly into crypto assets mentioned here. Downvoting a post can decrease pending rewards and make it less visible. Common reasons: Continue reading >>

Bitcoin 20% Crash To $8,000 Proves Market Isnt Ready For An Etf

Bitcoin 20% Crash To $8,000 Proves Market Isnt Ready For An Etf

Bitcoin Crash Throws Cold Water in Proposed ETFs Last week, VanEck and SolidX pulled their Bitcoin exchange-traded fund (ETF) proposal from the Securities and Exchange Commission ( SEC ). While no statement was made on why this event took place, it was widely believed that VanEck and its partners did not believe that the Bitcoin industry is ready for a U.S.-regulated, institutional-centric ETF. According to Jake Chervinsky, the general counsel for Ethereum decentralized finance application Compound, this may be true. In a recent tweet, the cryptocurrency-centric lawyer hinted at his opinion that this weeks price action is perfect fodder for cynics of a Bitcoin ETF. Chervinsky noted that Bitcoin dropping by 20% over a few days time without a known catalyst, with much of trading activity taking place on offshore, unregulated margin trading platforms, makes it somewhat illogical to wonder why the SEC still has concerns about the underlying market. the drop made big money for offshore unregulated margin trading platforms trading on those same platforms might've caused the drop in the first place you're still wondering why the SEC has concerns? Jake Chervinsky (@jchervinsky) September 25, 2019 Chervinskys comment echos a line from the CIO of Arca, a cryptocurrency investment firm, issued earlier this year. In a July 1st research note, Jeff Dorman of Arca shared a harrowing thought: Junes volatility, which saw BTC surge to $14,000 then collapse in a spectacular fashion, has dramatically decreased the likelihood of a Bitcoin ETF garnering approval from the SEC. Accentuating the irrationality of the price action seen, Dorman wrote: Its almost a slam dunk now that an ETF wont be approved any time soon, as an 81% 14-day levered rally, most of which occurred after U.S. trading ho Continue reading >>

Grayscale Ethereum Trust

Grayscale Ethereum Trust

Grayscale Ethereum Trusts shares are the first publicly quoted* securities solely invested in and deriving value from the price of ETH. Grayscale Ethereum Trust enables investors to gain exposure to the price movement of ETH through a traditional investment vehicle, without the challenges of buying, storing, and safekeeping ETH. *Publicly quoted on OTCQX under the Alternative Reporting Standards. Shares (based on ETH per Share as indicated below) track the ETH market price, less fees and expenses* Transfer Agent: Continental Stock Transfer & Trust * Grayscale Ethereum 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. ** Valuation represents the ETH Holdings of the Trust Titled, auditable ownership through a traditional investment vehicle Grayscale Ethereum 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 Grayscale Ethereum Trust are eligible to be held in certain IRA, Roth IRA, and other brokerage and investor accounts. Eligible shares of Grayscale Ethereum Trust are quoted on OTCQX under the symbol: ETHE, making it possible to buy or sell shares continuously through the trading day at prices established by the market. Supported by a network of trusted service providers Davis Polk & Wardwell LLP serves as legal counsel to the Sponsor of Grayscale Ethereum Trust. Financial statements for Grayscale Ethereum Trust are audited annually by Friedman LLP. Grayscale Ethereum Trusts assets are stored in offline or cold storage with Coinbase Custody Trust Company, LLC, 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 >>

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 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 >>

A Possible Ethereum Etf

A Possible Ethereum Etf

The prospectus for a brand new Ethereum ETF (exchange-traded fund) was recently filed with the U.S. Securities and Exchange Commission (SEC). This ETF will effectively track the performance of a market capitalization portfolio of Bitcoin (BTC) and Ethereum (ETH). The documents surrounding this were released on May 9. For those who dont know, an ETF is a collection of securities like stocks that actively track an underlying index. Probably the best example of this is the SPDR S&P 500 ETF (SPY), which keeps track of the S&P 500 index. This particular index is a market cap portfolio of the 500 largest U.S. publicly traded companies. Many consider it to be the best measurement of large-cap U.S. equities. ETFs usually consists of an array of investment types. This includes stocks, bonds , commodities , or a complete mixture of investment types. The standard ETF is a marketable security, so it has a price that allows it to be easy to buy and sell. The price of an ETFs shares changes throughout the trading day during the purchases of and the selling of the shares on the market. This is in stark contrast to mutual funds . These do not trade on the exchange and only trade once per day following the closing of a market. The Ethereum ETF comes courtesy of Crescent Crypto Index Services LLC, which is a branch of Crescent Crypto Asset Management LLC. This firm boasts that its the leader in crypto index fund investing and crypto benchmarking. The USCF Crescent Crypto Index Fund (XBET) aims to issue shares that trade on the NYSE Arca stock exchange. The United States Commodity Funds LLC (USCF) sponsors the ETF and will invest XBETs assets in the two portfolio cryptocurrencies. XBET is an exchange traded fund. This means that most investors who decide to buy or sell shares of XBET pla 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 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 >>

New Bitcoin (btc) And Ethereum (eth) Etf Submitted To The Sec

New Bitcoin (btc) And Ethereum (eth) Etf Submitted To The Sec

New Bitcoin (BTC) and Ethereum (ETH) ETF Submitted to the SEC The market cap-weighted USCF Crescent Crypto Index Fund (XBET) is now under consideration. A prospectus for a new exchange-traded fund ( ETF ) that tracks the performance of a market cap-weighted portfolio of Bitcoin ( BTC ) and Ethereum ( ETH ) has been submitted to the SEC. According to the prospectus , the new ETF would be managed by Crescent Crypto Index Services LLC, a subsidiary of Crescent Crypto Asset Management LLC. The USCF Crescent Crypto Index Fund (XBET) intends to issue shares that trade on the NYSE Arca stock exchange. For purposes of assigning a weight to each Portfolio Cryptocurrency, Crescent calculates market capitalization using data from a select subset of publicly-available cryptocurrency exchanges and liquidity providers, including over-the-counter (OTC) liquidity providers, representing a high-quality subset of global volumes of each Portfolio Cryptocurrency, reads the prospectus. The Crescent Crypto Index Committee selects liquidity providers based on a strong history of security controls, availability to US institutional investors, substantial trading volumes, and a strong track record of local regulatory compliance. XBET joins a growing list of ETF proposals currently being considered by the SEC. Most recently, Crypto asset manager Bitwise , creator of one of the worlds first privately-offered cryptocurrency index funds, proposed the Bitwise Bitcoin ETF, which would track the Bitwise Bitcoin Total Return Index, which includes Bitcoin and any meaningful hard forks. Bitwises latest ETF proposal notably differs from all previously filed Bitcoin ETFs as it would rely on regulated third-party custodians to hold its physical Bitcoin and would pull price data from a large number of certif 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 >>

Cryptocurrency Market Update: Hope For A Bitcoin Etf Handed A Blow, Bitcoin, Ethereum And Ripple Slash Gains

Cryptocurrency Market Update: Hope For A Bitcoin Etf Handed A Blow, Bitcoin, Ethereum And Ripple Slash Gains

Cryptocurrency market update: Hope for a Bitcoin ETF handed a blow, Bitcoin, Ethereum and Ripple slash gains Bitwise exchange BTC proposal rejected on grounds of failure to demonstrate the ability to deal with market manipulation. The managing director of Bitwise hopes to refile the proposal after working on SECs concerns. The cryptocurrency market retreats led by Bitcoin, Ethereum and Ripple. Cryptocurrency enthusiasts have been forced to deal with the fact that a Bitcoin exchange-traded fund will take longer than expected to get approved. This follows the news that the United States Securities and Exchange Commission (SEC) has rejected the proposal for a BTC ETF filed by Bitwise Asset Management and NYSE Arca. The rejection also comes after multiple delays. The SEC in its statement on Wednesday saysthat Bitwise failed to demonstrate its ability to deal with fraud and market manipulative acts and practices outlined in the Exchange Act. The Managing Director of Bitwise Matt Hougan responded positively to the rejection saying: We deeply appreciate the SECs careful review. The detailed feedback they have provided in the Order provides critical context and a clear pathway for ETF applicants to continue moving forward on efforts to list a bitcoin ETF. We look forward to continuing to productively engage with the SEC to resolve their remaining concerns, and intend to re-file as soon as appropriate. Bitcoin made an eye-catching move from the support I discussed earlier on Wednesday at $8,100. The compelling move was strong enough to pierce through both $8,400 and $8,600 resistance levels. The buyers intent to push the fireworks move higher above $8,700 occurred as planned.However, the momentum hit a snag at $8,712 giving way for a retraction move. Bitcoin is teetering at $8, Continue reading >>

U.s. Sec Receives New Bitcoin, Ethereum Etf Application, Will This Be Approved This Time Around?

U.s. Sec Receives New Bitcoin, Ethereum Etf Application, Will This Be Approved This Time Around?

U.S. SEC Receives New Bitcoin, Ethereum ETF Application, Will This Be Approved This Time Around? The SEC has been reluctant in considering ETF applications submitted to it since last year, citing several reasons for the delays. While they are at it, another application has just been filed by the United States Commodity Funds LLC (USCF). The ETF known as the USCF Crescent Crypto Index Fund (ticker symbol XBET) will invest XBETs in BTC and ETH portfolios. The new ETF is aimed at tracking the market capitalization-weighted portfolio of BTC and ETH perform. The application was published yesterday 9 May 2019 by the SEC. Part of the application sheds more light on the ETF. XBET is an exchange traded fund. This means that most investors who decide to buy or sell shares of XBET place their trade orders through their brokers and may incur customary brokerage commissions and charges. Shares of XBET are expected to trade on the NYSE Arca under the ticker symbol XBET and will be bought and sold throughout the trading day at bid and ask prices like other publicly traded securities. The SEC is the independent body in the U.S responsible for proposing, enforcing security laws as well as regulating the securities industry. The body also plays a role in the regulation of the cryptocurrency industry and has been working on proposed ETFs from Bitwise and Vaneck since 2018. So far, the SEC has postponed the hearing on these proposals at least three times but it is hoped that the applications will be approved eventually. The approval is expected to contribute significantly to the growth of the cryptocurrency industry and especially Bitcoin by attracting institutional investors to the industry. As the SEC now has three applications to review, it is a sign that the industry may be expanding Continue reading >>

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