SEC Leaders Stifle Hopes for a 2021 Bitcoin ETF

And a lot of crypto tokens — I won’t call them cryptocurrencies for this moment — are indeed securities,” he said. Elaborating on Bitcoin specifically, Gensler expressed his concerns about the lack of protections for investors: “It’s a digital, scarce store of value, but highly volatile. “Investors should understand that Bitcoin, including gaining exposure through […]

JPMorgan Considering an Actively Managed Bitcoin Fund

“JPMorgan Chase is preparing to offer an actively managed bitcoin fund to certain clients, becoming the latest, largest and – if its CEO’s well-documented distaste for bitcoin is any indication – unlikeliest U.S. JPMorgan’s plans for an active Bitcoin strategy come as the Securities and Exchange Commission is nearing review of a pair of Bitcoin […]