21Shares: How to Secure Spot Bitcoin ETF Custody
Ophelia Snyder, co-founder of 21Shares and 21.co, said that even if Coinbase went bankrupt, the underlying Bitcoin of the spot Bitcoin ETF would not be commingled.
JinseFinanceOphelia Snyder, co-founder of 21Shares and 21.co, said that even if Coinbase went bankrupt, the underlying Bitcoin of the spot Bitcoin ETF would not be commingled.
JinseFinanceBlackRock and Ark Investment Management have reduced fees for their Bitcoin ETFs ahead of the expected SEC approval, reflecting an industry-wide fee war. BlackRock's aggressive pricing strategy, including a 0.12% fee for the first $5 billion in assets, highlights the competition's intensity. While significant for mainstream crypto integration, potential challenges for smaller players and lingering regulatory issues persist in the evolving market landscape.
Cheng YuanAccording to the latest submission for amendment, the applicants made another change to the Ark 21Shares Bitcoin ETF filing with the US SEC.
ZoeyJ. Matthew DeLesDernier, assistant secretary for the SEC, said it had extended to allow for “sufficient time to consider the proposed rule change and the issues raised therein.”
CointelegraphThe U.S. SEC rejected the application for the ARK 21Shares Bitcoin ETF in early April and has not approved a spot Bitcoin ETF so far.
CointelegraphTotal assets invested in crypto ETFs and ETPs hit $16.3 billion by the end of the first quarter, but the community is still waiting for a spot Bitcoin ETF in the U.S.
CointelegraphThe ProShares Bitcoin ETF broke an 18-year record as the fastest fund to reach $1 billion in assets under management.
CointelegraphThe regulator said it would be appropriate to “specify a longer period” of approval or disapproval of the proposed bitcoin ETF.
Cointelegraph21Shares submitted the spot Bitcoin ETF application with Ark Investment Management in June 2021 for listing on the Cboe BZX Exchange.
CointelegraphWood believes that Venmo is merely a follower of Cash App, which has generated more than double Venmo’s revenue from almost half the number of users.
Cointelegraph