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SEC Kickstarts Approval Process For Spot Bitcoin ETFs: BlackRock, Fidelity Among Applicants
Wednesday, July 19, 2023 - 2:23pm | 490The U.S. Securities and Exchange Commission (SEC) is set to initiate the approval process for Spot Bitcoin ETFs, with eight different applicants listed on the federal register. The SEC has also invited public feedback through a document released last week. Leading asset management firms, BlackRock...
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Spot Bitcoin ETF Applications From BlackRock, Fidelity And Others Gain Traction With SEC
Friday, July 14, 2023 - 3:05pm | 541In a significant development for the cryptocurrency sector, the U.S. Securities and Exchange Commission (SEC) recognized the spot Bitcoin (CRYPTO: BTC) ETF applications from several major firms, including Fidelity, VanEck, WisdomTree, Invesco and BlackRock Inc (NYSE: BLK). This...
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Why JPMorgan Says Bitcoin ETF Is No Big Deal
Friday, July 7, 2023 - 10:46am | 625JPMorgan Chase & Co (NYSE: JPM) expressed skepticism about the potential impact of approval of a spot Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC). According to the banking giant, despite heightened optimism about the SEC granting...
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Bitcoin Resurgence Ignites Meme Coin Mania: Pepe, Dogecoin, Shiba Inu Ride The Wave
Thursday, June 29, 2023 - 2:23pm | 479Bitcoin (CRYPTO: BTC) is breaking levels not seen since last April, and meme coins have also joined the uptrend. Pepe coin (CRYPTO: PEPE), which features a cartoon frog as its mascot, has seen a striking increase of over 83%, according to CoinGecko. Dogecoin (CRYPTO: DOGE) and Shiba Inu (...
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Fidelity Jumps Into Bitcoin ETF Ring Again, Ready To Battle BlackRock
Thursday, June 29, 2023 - 2:12pm | 425Fidelity, the colossal asset management firm that manages assets worth $4.3 trillion, has once again submitted paperwork to launch its Wise Bitcoin Trust, which is a spot Bitcoin exchange-traded fund (ETF). This development closely follows BlackRock's submission for a similar ETF through...
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Fidelity's Bitcoin ETF Filing: A Potential Tipping Point For Crypto Adoption?
Tuesday, June 27, 2023 - 2:48pm | 594Fidelity, a leading asset management firm, is reportedly on the verge of filing for a Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF), joining a growing number of issuers eager to introduce such a product. An insider with knowledge of Fidelity's plans indicated that the filing could be made as...
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Investor Behind Top Global ETF Sees Bearish Trend In Big Tech Rally: 'Not A High Conviction'
Sunday, May 21, 2023 - 9:57am | 482The investor behind a major global ETF told CNBC recently that she sees a bearish pattern in the Big Tech rally. While on CNBC's "ETF Edge" last week, Anna Paglia, the managing director and global head of ETFs and indexed strategies at Invesco QQQ Trust (...
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Fintech Focus For July 26, 2021
Sunday, July 25, 2021 - 6:45pm | 1530Quote To Start The Day: "You can’t depend on your eyes when your imagination is out of focus.” Source: Mark Twain One Big Thing In Fintech: Crypto exchange Binance US could go public, Binance CEO Changpeng "CZ" Zhao has said. "Our partner in the U.S. is looking at...
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Biogen And Norweigan Cruise Line Lead The SPY In A Mixed Day Of Trading
Monday, June 7, 2021 - 4:57pm | 477Major U.S. indices had a mixed day of trading Monday as investors continue to weigh better-than-expected May unemployment rate numbers from last Friday. The SPDR S&P 500 ETF Trust (NYSE: SPY) closed slightly lower by 0.097% to $422.19. The SPDR Dow Jones...
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Fintech Focus For March 8, 2021
Sunday, March 7, 2021 - 9:39pm | 1905Quote To Start The Day: Life itself is your teacher, and you are in a state of constant learning. Source: Bruce Lee One Big Thing In Fintech: Although it’s still early in the transition, it appears the Biden administration will nominate former Ripple advisor and former U.S. Treasury...
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Fintech Focus For December 11, 2020
Thursday, December 10, 2020 - 6:51pm | 2295Quote To Start The Day: US President Donald Trump and his backers, having been stymied dozens of times by judges and elections officials across the country, are confident one last-ditch lawsuit will overturn his election loss. “All I ask for is people with wisdom and with courage, that...
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Why These ETFs Could Grow Your Portfolio Regardless Of Who Wins The Election
Friday, October 16, 2020 - 7:45am | 815Emles Advisors, an asset management firm solving challenges offered by today’s markets, formally announced its launch and intent to empower investment in overlooked and undervalued asset classes. As part of the development, Benzinga chatted with founder and CEO Gabriel Hammond, a former...
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Fintech Focus For October 14, 2020
Tuesday, October 13, 2020 - 8:31pm | 2432Quote Of The Day: I never dreamed about success, I worked for it. - Estee Lauder Fintech Movers: After years of working in and around Ethereum, Jonathan Perkins, alongside John and Charles Crain, founded SuperRare in 2017 on the back of a new non-fungible token (NFT) standard. Now, SuperRare...
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Investors Really Love Low Volatility ETFs This Year
Thursday, March 28, 2019 - 6:09pm | 523One of the notable themes emerging in the world of exchange traded funds in the first quarter is investors' preference for low volatility funds. Perhaps chastened by the fourth-quarter equity market swoon, investors are pouring into ETFs that aim to reduce volatility. What Happened The ...
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An Alternative To The Usual Alternatively-Weighted ETF
Thursday, January 17, 2019 - 1:08pm | 534There are over 700 smart beta or alternatively-weighted exchange traded funds in the United States. While there are obvious differences between some of those products, others have subtle differences or are mirror images of previously existing funds. The Invesco Strategic US ETF (NASDAQ: IUS), which...