The U.S. Securities and Exchange Commission (SEC) is reconsidering its position on cryptocurrency-backed securities, potentially clearing the path for several bitcoin-tracking exchange-traded funds (ETFs). The SEC has consistently denied approval to cryptocurrency ETFs, citing “significant investor protection issues” as the primary concern. Late last month, however, the SEC quietly approved a request from the New […]

After a seemingly successful experiment with bitcoin futures, the Chicago Board Options Exchange (Cboe) has filed an application with the SEC to list six bitcoin-related exchange-traded funds (ETFs). The ETFs would require the SEC to change its current rules to include cryptocurrency-tied investments, something the regulatory agency has been reluctant to consider since the first […]

The tiny island nation of Jersey is set to launch a new bitcoin-backed fund tomorrow. The Channel Islands’ Financial Services Commission approved the Global Advisors Bitcoin Investment Fund (GABI) earlier this month, opening the door for the fund. Unlike traditional bitcoin purchases, GABI will be available to institutional investors, such as pension funds, insurance companies […]