Another day, another application for a spot Bitcoin exchange-traded fund (ETF) rejected. Yesterday, the SEC rejected an application from Fidelity's Wise Origin Bitcoin Trust, the fifth such rejection in three months. Back in November, the SEC rejected an application from Van Eck Bitcoin Trust, and in December it rejected applications from Kryptoin Bitcoin ETF Trust and Valkyrie Bitcoin Fund.And on 20th January, it rejected First Trust Skybridge Bitcoin ETF Trust's application. Valkyrie had...
Read More »Rick Bookstaber — Can We have an ETF Meltdown?
Rick Bookstaber explains how the EFT market in illiquid assets like high yield bonds creates an illusion of liquidity that is not there.Rick BookstaberCan We have an ETF Meltdown?Rick Bookstaber | Chief Risk Officer for the $110 billion pension and endowment of the University of California
Read More »