Today news
About the same in other media
SEC Chair Gary Gensler responds to concerns about first Bitcoin-linked ETF
Reading now: 978
SEC Chair Gary Gensler and Proshares CEO Simeon Hyman discussed the launch of the first Bitcoin-linked ETF in a CNBC breaking news segment on Tuesday.
Proshares Bitcoin Strategy ETF, also known as BITO, is based on CME Bitcoin futures contracts. CNBC commentator Bob Pisano shared concerns from some investors that BTC futures could deviate from the BTC spot price:
“The futures market is a better place for price discovery,” said Hyman. “The CME futures market trades more volume than the largest US crypto exchange. We launched a similar mutual fund on 7/28 and since we launched on Friday, the Bitcoin Reference Rate is up 52 percent, our BTC mutual fund is up 52 percent and the BTC Greyscale Trust is up 37 percent.”
The debut of BITO follows
Read more on cointelegraph.comAbout this in other media
Bitcoin Futures ETF notwithstanding, is it still the ‘Wild West’ ambcrypto.com /2 years ago
Argentina: First Bitcoin-indexed ETF makes debut this week ambcrypto.com /2 years ago
SEC Looks Set to Unleash Stablecoin Crackdown in US cryptonews.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
