news

ProShares Files Five Spot BTC-based Leveraged ETFs with SEC

"ProShares has filed five BTC spot-based leveraged ETFs with the U.S. Securities and Exchange Commission (SEC)," Eric Balchunas, an analyst specializing in ETFs for Bloomberg, reports via X. The products are the ProShares UltraShort Bitcoin ETF (-2x), ProShares ShortPlus Bitcoin ETF (-1.5x), ProShares Short Bitcoin ETF (-1x), ProShares Plus Bitcoin ETF (1.5x) and ProShares Ultra Bitcoin ETF (2x), which track the daily performance of the Bloomberg Galaxy Bitcoin Index. "As many as a dozen similar products could be launched in the coming months," added Eric Balchunas.

Meanwhile, James Seyffart, an analyst specializing in ETFs at Bloomberg, told X: "A 19b-4 (a formal request for review) was filed on Wednesday (local time) to allow options trading in a bitcoin spot ETF. In theory, the US Securities and Exchange Commission (SEC) could fast-track it and approve it within 60 days (first response deadline). Of course, there could be delays and the approval could be delayed until late September or early October. There is also the possibility of a denial." Earlier, Bloomberg Intelligence ETF analyst Henry Jim reported on March 13 that "The New York Stock Exchange (NYSE) has filed a 19b-4 to allow the listing and trading of options on 11 BTC spot ETFs.

Binance WBTC plunges to $5200, then recovers

Cointelegraph reports, “A flash crash in the price of WBTC occurred on Binance on Nov. 23 (local time). This caused WBTC to briefly drop from $98,000 to $5,200, but has since recovered. The cause of the error is still unknown.

blockchain crypto cryptocurrency Trump nominates Crypto Proponent Secretary (SpotedCrypto)

Trump nominates 'Crypto Proponent' Howard Lutnick as Commerce Secretary, while US SEC chairman struggles to narrow down candidates to four.

US President-elect Donald Trump has nominated US investment bank Cantor Fitzgerald CEO Howard Lutnick to serve as Secretary of Commerce, according to the Wall Street Journal (WSJ). Lutnick is an avid supporter of Bitcoin and Tether (USDT), with Cantor Fitzgerald reportedly serving as Tether's U.S. Treasury bond

blockchain crypto cryptocurrency IBIT Option hit 1.9B first day od trading (SpotedCrypto)

BlackRock IBIT Options Hit $1.9 Billion in First Day of Trading, Grayscale Begins Trading on November 20th.

Bloomberg ETFs analyst James Seyffart reports via X that “Options volume on BlackRock's bitcoin spot ETF IBIT, which began trading today (Nov. 19), was about $1.9 billion. A total of 35.4 million contracts were active, of which 28.9 million were calls (82%) and 65,000

Read next