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A Bitcoin ‘Futures’ ETF? Ready, Set, STOP!
Bitcoin ETF just rushed over to door number two. Yells of "let me in" are getting very loud. So what's behind door number two? Bitcoin futures. Recently the SEC dropped hints they MAY be receptive to ETFs that will trade in bitcoin futures rather than the cryptocurrency itself. Thus the stampede and excitement got all the management firm's juices flowing.
To ETF or not ETF. That Continues to be the Question.
Here we are well past the halfway mark of 2021 and, once again, debates are popping up on when, or if, there will be a U.S. regulated Bitcoin ETF. Different time, same question. Will the SEC approve a BTC ETF? Will they not approve a BTC ETF? Or better yet, WHY won't they approve that coveted ETF? Yes, why oh why?
DWealth Muse Podcast Series: Episode 19 – The Declaration of Financial Independence
DWealth Muse is a podcast series on Digital Wealth News that bridges the knowledge gap between conventional and...
“Scarce Source of Value.” Finally, a Brilliant Definition.
Almost anyone can read that headline and immediately know what it refers to; BITCOIN. That definition of Bitcoin is extremely significant because it comes from the newly appointed Chairman of the Securities and Exchange Commission, Gary Gensler. Finally, at long last, there is clarity as to how a US regulatory body views Bitcoin along with other cryptocurrencies. Significantly, Bitcoin is separated from other cryptos and considered a 'stand alone' asset.
A Quick Synopsis on How and Why Bitcoin is in the News
Bitcoin IS in the news and probably everyone knows roughly where the price is, too (the ones that don't probably DO know all Tom Brady's career statistics, though).
Visa Abandons Plaid Deal After Antitrust Concerns
The $5.3 billion deal between Visa and Plaid collapsed due to a government antitrust lawsuit. The U.S. Justice Department called Visa a "monopolist in online debit transactions."
About DrawBridge Lending
Operating as a CFTC regulated Commodity Trading Advisor (“CTA”) and Commodity Pool Operator (“CPO”), DrawBridge Lending will initiate USD loans on a...