Tagcryptocurrency fund

Cryptocurrency Funds, Led by Ether, Take A Brutal Beating

Crypto funds, led by Ether, took a beating in the past week as the market continues to struggle. Autonomous Next, a financial researcher, noted in a recent post that its BITA 50 index, which tracks the top 50 crypto coins, has struggled in the past year. At least half of the crypto funds are losing this year, causing a rush to hedge through shorting. Ether Takes A Hit Ether, the second largest...

Retail Investors Can Now Buy the Ethereum Classic Investment Trust

ethereum classic investment trust

The Ethereum Classic Investment Trust was officially listed on over-the-counter (OTC) marketplace OTCQX on Thursday, providing retail investors with the opportunity to purchase shares of the fund through their brokerage and retirement accounts. The fund, which is listed under the ticker symbol ETCG, is a creation of Grayscale Investments, who purchases “physical” ethereum classic tokens and...

CBOE Nudges SEC to Allow Bitcoin ETFs in New Letter

The first regulated US exchange to list bitcoin futures contracts has asked the Securities and Exchange Commission (SEC) to reconsider its hardline approach toward Bitcoin ETFs and other cryptocurrency-based exchange-traded products (ETPs). In a letter dated March 23, CBOE President Chris Concannon addressed concerns raised that the SEC had raised in a January letter sent to investment industry...

$10 Million: UBS Alum Banker Pivots, Launches New Cryptocurrency Fund

Bitcoin price Litecoin Ethereum

Investors have another cryptocurrency fund to choose from. Former UBS banker Jan Brzezek has launched a new cryptocurrency fund and is targeting $10 million by month's end, as per Bloomberg. The crypto fund is currently domiciled offshore and is passive in nature (though an active product is planned for the summer), tracking the performance of the maiden blue-chip index for cryptocurrencies, said...

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