SEC denies VanEck’s physical bitcoin ETF

In a filing Friday morning, the SEC said it was not confident the VanEck Bitcoin Trust could offer protections from the volatile price swings and potential manipulation in the market for the world’s largest cryptocurrency. In particular, the regulatory body said Cboe Global Markets, the exchange of choice for the VanEck application, still lacks a surveillance-sharing agreement […]

Are bitcoin’s ESG credentials impacting its popularity?

Having claimed 41% of all bitcoin ETP flows in Q1, BTCE saw $100m outflows in the week to 30 April, according to data from Ultumus. Despite a subsequent recovery in the crypto’s price, the mining mishap has done little to silence critics raising questions about bitcoin’s environmental, social and governance credentials. Bendiksen also agreed with […]

Is bitcoin the new gold?

With bitcoin posting uncharacteristically steady growth during the first eight months of the pandemic, the asset’s value shot up during the final two months of 2020 as discussion of institutional involvement provided a strong basis of validation. For instance, both enjoy strong liquidity and benefit from their status as finite commodities. While sharing gold’s role […]