3 replies to this topic

[Rogerdodger]

Ethereum ETF to debut on the Toronto Stock Exchange

Next week, Canadian digital asset investment manager 3iQ will be launching an IPO for the world’s first Ethereum ETF, The Ether Fund, on the Toronto Stock Exchange (TSX) under the ticker QETH.U.

 

Shark Tank judge Kevin O’Leary: Bitcoin Is a Concern

He says that the only way he would ever invest more money into bitcoin is if a crypto-based exchange-traded fund (ETF) was somehow approved by the Securities and Exchange Commission (SEC). He also says that he would need to see more clarified regulation surrounding bitcoin come about in the future.

 

Last week, it went down $3,000 and now it’s up again. Bitcoin is rather successful this year, but what will happen next year? This kind of volatility is scaring people like me in the traditional market.  If tomorrow morning we woke up and the SEC said you can create an ETF with bitcoin, and we think bitcoin is a legitimate payment system and storage of wealth, not only would it go up, but you’d have a lot of people like me investing in it because I’d say, ‘Ok, I’ll give it a five percent weighting.’

Edited by Rogerdodger, 05 December 2020 - 06:55 PM.

[flyers&divers]

The US Ethereum ETF ETHE has an expense ratio of 2.5% maybe they will review it now that there is competition.

 

F&D

[pedro]

Keep an eye on the premiums over NAV too.

Saw it at 130% over NAV on one chart.

Versus a "mere" 30% over for GBTC.

[Rogerdodger]

Trading Crypto... Like trading Ether....eum  Into the ether it sometime goes...or the Crypt.

 

Kinda like when Bernie Madoff...made off with your money.

 

Or when Enron made an end run with your money.

Cryptocurrency XRP plunges 25% after SEC files lawsuit against Ripple

Business & finance

·

December 21, 2020

Crypto company Ripple says it is expecting a lawsuit from the US Securities and Exchange Commission

Ripple says it will be sued by the SEC over the alleged sale of unlicensed securities. This development has respawned the debate on whether XRP, a digital token associated with Ripple, is a security or a currency. If XRP is traded like a share or stock, i.e. as a security, it must be registered with the US Securities and Exchange Commission, according to Fortune. Ripple's CEO Brad Garlinghouse said his company "will continue to use XRP because it is the best digital asset for payments". XRP is currently the third most valuable cryptocurrency, with a market cap of about $22 billion.

Edited by Rogerdodger, 23 December 2020 - 10:41 AM.