SEC to Allow First Ever Bitcoin (BTC) ETF - Report

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Go back to SEC to Allow First Ever Bitcoin (BTC) ETF - Report

Morgan Stanley CEO James Gorman Contradicts JPMorgan's Jamie Dimon, Says Bitcoin (BTC) is 'Not a Fad' and Won't Go Away

October 14, 2021 11:00 AM EDT

James Patrick Gorman, CEO and Chairman of Morgan Stanley, believes Bitcoin (BTC) is here to stay and wont go away.

Gormans remarks contradict the comments of his JPMorgan counterpart, Jamie Dimon, who said BTC is worthless.

Well, we're not directly trading crypto for retail clients, and there are other players who are choosing to do that. We give access into -- for them to buy crypto through various funds and things,... More

Cathie Wood's ARK Invest throws weight behind new bitcoin futures ETF

October 14, 2021 8:42 AM EDT

(Reuters) - Star stock picker Cathie Wood's ARK Invest has given its brand name to a new bitcoin futures ETF that will invest in cryptocurrency futures contracts and trade on the CBOE BZX Exchange, a filing with the U.S. Securities and Exchange Commission showed.

The proposed ETF, called ARK 21Shares Bitcoin Futures Strategy, with the... More

U.S. Overtakes China as the Largest Bitcoin (BTC) Mining Hub

October 13, 2021 8:46 AM EDT

The United States is now the largest Bitcoin (BTC) mining hub, the latest data from the UK's Cambridge Centre for Alternative Finance showed.

After China moved to ban mining activity, a lot of miners were forced to move overseas. As a result, the U.S. now accounts for... More