Bitcoin ETF

The introduction of a Bitcoin ETF carrying an ESG label sparks debate among environmentalists and financial experts about its validity and intentions.

August has proven to be a testing month for Bitcoin as a confluence of factors has driven the cryptocurrency to one of its toughest periods this year. Regulatory scrutiny and market instability have cast a shadow over the digital asset's performance, leaving the crypto community to ponder whether the downward trend will persist or if a rebound is imminent.

Bitcoin price has been moving in narrow price ranges since the crash on August 17; A major volatility explosion may be imminent!

In a strategic move, Hashdex, a crypto asset management firm, has lodged a new Bitcoin ETF application that puts the U.S. Securities and Exchange Commission (SEC) in a tight spot. The company's unique approach involves acquiring Bitcoin through the CME futures exchange rather than buying it directly with cash from exchanges, and it does not involve a surveillance-sharing agreement with Coinbase, unlike other applications.

Crypto asset management company Hashdex has filed an application with the SEC to create a Bitcoin futures ETF that invests in spot Bitcoin.

Unraveling the myriad of theories behind Bitcoin's recent price drop, focusing on the speculated involvement of BlackRock and external factors.

The article discusses the increasing number of Bitcoin spot ETF applications before the SEC, with decisions to be made for Bitwise ETP Trust, BlackRock, VanEck, WisdomTree, and Invesco. Despite high expectations, experts predict a low acceptance rate, although the size of BlackRock, which manages over $10 trillion in assets, provides some optimism.

SEC announces its decision on the spot Bitcoin ETF application by ARK Invest; the expectations of ARK Invest CEO have been met.