Bitcoin
$41,919.66-6.42%
Ethereum
$2,876.09-9.34%
XRP
$0.924183-7.20%
Cardano
$2.22-1.88%
Polkadot
$29.00-6.48%
Stellar
$0.277313-8.14%
Dogecoin
$0.206945-7.65%
Chainlink
$22.44-9.75%
Uniswap
$19.46-9.21%
Polygon
$1.12-9.05%
Algorand
$1.78-10.57%
Cosmos
$39.07-8.56%
Litecoin
$148.29-9.28%
Bitcoin Cash
$504.34-8.25%
Wrapped Bitcoin
$41,954.63-6.31%
The Graph
$0.697635-5.27%
Filecoin
$62.43-15.68%
Tron
$0.091065-7.91%
Ethereum Classic
$46.57-9.20%
Tezos
$6.60+0.87%
Aave
$277.65-9.54%
Monero
$231.38-7.39%
NEO
$38.95-10.64%
EOS
$3.97-8.97%
IOTA
$1.25-8.91%
BitTorrent
$0.003246-7.66%
Bitcoin SV
$135.64-7.21%
Waves
$25.38+2.21%
Maker
$2,266.86-11.34%
Dash
$162.47-11.53%
Decred
$112.50-6.64%
Decentraland
$0.685195-7.20%
ICON
$1.56-6.87%
NEM
$0.146163-9.34%
Zcash
$108.61-11.46%
OmiseGO
$8.95-7.91%
Paxos Standard
$1.01+0.79%
NuCypher
$0.269242-10.18%
Yearn Finance
$28,147.08-9.85%
Qtum
$9.73-9.83%
Ren
$1.00+18.59%
Bitcoin Gold
$51.57-7.86%
Basic Attention Token
$0.638341-9.97%
0x
$0.892336-9.20%
Fetch.ai
$0.768098-0.87%
Kava.io
$5.78+2.94%
Bancor
$3.38-7.94%
Band Protocol
$7.25-8.02%
Siacoin
$0.014660-11.03%
Nano
$4.70-7.98%
Loopring
$0.376429-8.75%
Civic
$0.466208-5.70%
Storj
$1.07-9.04%
Numeraire
$41.10-5.03%
Lisk
$2.78-10.20%
Orchid
$0.314711-10.28%
PAX Gold
$1,761.15+0.21%
Enzyme
$132.97-10.17%
Augur
$20.75-6.99%
Aragon
$4.64-10.07%
district0x
$0.145194-9.20%
Kyber Network
$1.42-9.88%
SingularDTV
$0.001308-4.91%
Tether
$1.00+0.04%
USD Coin
$1.00+0.02%
Dai
$1.00+0.00%

Galaxy Digital Files for US Bitcoin Futures ETF

The SEC has yet to approve a crypto-based exchange-traded fund.

Aug 17, 2021 at 11:48 a.m. UTC
Updated Sep 14, 2021 at 1:40 p.m. UTC

Galaxy Digital, a financial-services firm that is led by ex-hedge fund manager Michael Novogratz, has filed with U.S. regulators for a bitcoin futures exchange-traded fund (ETF).

  • The fund will invest in futures and will not invest directly in bitcoin, according to the filing with the Securities and Exchange Commission.
  • The SEC has yet to approve any of the dozens of applications for crypto ETFs in recent years.
  • Earlier this month SEC Chairman Gary Gensler signaled he preferred ETFs based on bitcoin futures.
  • Bitcoin futures contracts are subject to the rules of the Chicago Mercantile Exchange (CME).
  • In April, Galaxy Digital filed for a bitcoin ETF.
  • Galaxy is the sub-adviser to the CI Galaxy Bitcoin ETF, which has $190 million in assets and which trades on the Toronto Stock Exchange.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Loading...