Bitcoin

Potential customers include hedge funds, crypto miners and over-the-counter trading desks

The passively managed fund will be made available to qualified purchasers through family offices, RIAs and other institutions, a person familiar with the matter says.

The fintech’s new executive says cryptocurrency will help communities that the financial services industry isn’t serving.

The fund would provide broad-based exposure to four commodity sectors through futures contracts, according to the filing.

More than a quarter of the respondents hold Bitcoin, while 11% hold Ether, according to the asset manager.

The agency has long urged issuers to address risks and concerns associated with a potential crypto fund, including manipulation, liquidity and custody issues.

The change, the regulator says, will facilitate greater competition and innovation in the ETF marketplace, leading to more choice for investors.

The cost savings of peer-to-peer trading could prove appealing in a world where profits are being squeezed by a race to the bottom on fees.

Wild price swings that have exceeded double-digit percentages in a single day have spurred the regulator to keep a close eye on volatility.

Cash flow has subsided and market conditions have changed since the fund was closed to most new accounts in 2016.

The first-of-its-kind product is cleared and features the same creation-and-redemption process common with traditional offerings.

More than 10,000 cryptocurrency investors received open letters from the IRS informing them that they may owe taxes on their digital holdings.

The regulator postponed until October a ruling on whether listing rules can change to allow two cryptocurrency funds to start trading.

The SEC and FINRA say they’ve held a series of discussions with market participants on how decades-old custody rules might apply to virtual coins.

A Financial Action Task Force note on digital asset oversight is “one of the biggest threats to crypto today,” a research executive said.

Making sure what we say and what clients hear has been a trial-and-error process, but one that’s yielded useful results.

“The general feeling is that progress is made every day, little by little,” an executive said of the crypto community’s optimism.

The delay does not “indicate that the commission has reached any conclusions,” the regulator said.

Respondents say they’re concerned about volatility, regulatory uncertainty and a lack of fundamentals to use in determining the right price for bitcoin.

New regulated products from the company will cover the full crypto spectrum, its CEO says.