The broker-dealer regulator's move comes as the SEC launches a study of the risks associated with complex exchange-traded products that could lead to rulemaking.
About 6.4 million shares of the exchange-traded fund, worth roughly $264 million, changed hands in the first 20 minutes of trading.
While the ProShares Bitcoin Strategy ETF is the first of its kind, there are a host of other versions coming soon. The futures-based strategy could make the tech stock volatility of the 1990s look tame by comparison, according to experts.
Unlike Bitcoin ETF applications that the regulator has previously blocked, the proposals by ProShares and Invesco are based on futures contracts, and the SEC isn't likely to block them from starting to trade next week.
Claims that crypto is 'untraceable' and the 'perfect tax haven' have been exploded. Those who bought into this mythology have to decide what to do.
The platform, which provides structured notes, annuities and other investments, plans to use the funds to expand its product offerings.
After a record-setting third quarter of 78 deals, Echelon Partners' data showed 2021 has already beaten last year's record for RIA transactions.
For crypto-skeptic advisers, the fact that the ban proved to be a tempest in a teapot should be a wake-up call. Crypto as an asset class is here to stay.
The applications the SEC will consider, for ETFs that hold Bitcoin futures, all follow a format that SEC Chair Gary Gensler has indicated could be received favorably by the regulator.
The devastating consequences of a default make it unlikely to happen, advisers say. Inflation is a bigger threat.
The two exchange-traded funds focused on digital assets and blockchain are being offered in partnership with Galaxy Digital Holdings.
Rep. Ann Wagner, R-Mo., raised concerns about what Gensler's recent hiring of Barbara Roper means for the future of the Regulation Best Interest standard of conduct.
Research shows that investors in digital currencies also see inflation as a longer-term reality.
European soccer has always been desperate for cash, but that’s grown more acute after the pandemic kept crowds away from stadiums and left some of the continent’s biggest and most successful clubs with eye-watering debt.
Portfolio managers debate the best way to hedge inflation risk while also downplaying the likelihood of rising prices.
The addition of Axio Financial will add structured notes to the iCapital platform, marking the first product technically available to retail investors.
The deal looks like a positive development for confused and cash-starved investors and financial advisers who sold the private placements.
Crypto custodians must provide the same types of institutional infrastructure available to any other asset classes.
SALT conference panelists say millennials' heightened interest in crypto investing comes amid the largest generational transfer of wealth.
GOP senators assert that the SEC's effort to expand ESG reporting pushes a social policy agenda, while the SEC chair says agency is reacting to investors' demands for more information.
