Wednesday, July 28, 2021
Home Crypto News Market Blockfi Filed An Application With SEC To Register Bitcoin Trust

Blockfi Filed An Application With SEC To Register Bitcoin Trust

- Advertisement -

BlockFi has filed an application with the U.S. Securities and Exchange Commission (SEC) to register the Bitcoin Trust. If approved, the new trust will compete with Grayscale products.

Blockfi provides loans secured by cryptocurrencies, in its public application to SEC, there is little detail about the product characteristics. Usually, such trusts are traded at a large premium in which big investors put their money, and often a large management fee is charged.


At the moment, such trusts are quite popular among institutional investors, since this product is the closest option to Bitcoin ETF. Earlier, the largest digital asset management company Grayscale Investments created six new trusts for various coins, including LINK and XTZ.

Read: Investors Are Excited As Grayscale Is Setting Filecoin, Chainlink, Mana, Tezos And Livepeer Trusts

Grayscale recently announced that $3.3 billion was invested in the company’s funds in the fourth quarter of 2020. In addition, the investment company Pantera Capital reported that it is working on the creation of a new cryptocurrency fund aimed at institutional investors.

Buy and Sell Cryptocurrency at Paybis

- Advertisement -
Jakkkhttps://thecryptobasic.com/
Owner of TheCryptoBasic. Involved in cryptocurrencies for more than five years, Love to trade, and write on cryptocurrencies. My basic aim is to provide genuine information to cryptocurrencies readers because crypto is filled with frauds and scams. True information is very rare to get. So I will be providing accurate information about cryptocurrencies topics, that users can trust.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

The Graph to use Polygon for its billing system

Singapore, Singapore, 28th July, 2021, Polygon proof-of-stake (PoS) is an Ethereum scaling solution whose ecosystem attracts the brightest developers from all over the world....

Coca-Cola To Launch First-Ever NFT Collectibles

Coca-Cola and Tafi became partners as Tafi is designing virtual wearables for Coca-Cola's first-ever non-fungible token (NFT) collectibles to celebrate International Friendship Day on...

Binance CEO Aims To Make Binance Regulated Worldwide, Also Daily Withdrawal Limit For Binance Unverified Accounts Reduced And Binance Leverage Trading Limit Reduced

Changpeng Zhao, Binance CEO and Founder, stated that Binance will work with local regulators in order to establish Binance regional headquarters.

Utah Resident, A Dogecoin Fan Selling His Home For Crypto Offers a Generous 10% Discount only If He Is Paid In Doge

According to local TV station KUTV (Video Below), an American citizen from Utah joined the ranks of those selling their property for cryptocurrencies. Utah Resident,...

Panther Protocol Partners with Vegaswap

Midtown, Gibraltar, 27th July, 2021, Panther Protocol, the privacy protocol, has partnered with Vegaswap, the automated market maker (AMM) protocol with multichain support. Vegaswap is...

European Digital Identity: Talao Announces Professional Credential Solution

Paris, France, 27th July, 2021, Talao, a blockchain-based Digital Identity specialist for the Human Resource industry, today announced a professional credential application to transform...

Vechain CEO, Sunny Lu Interview By Fenbushi Capital, Sunny Lu Talks About Partners, Investors And The Three Historic Choices

VeChain CEO, Sunny Lu, was interviewed by Fenbushi Capital for their Distributed Entrepreneurship Column. Sunny talks partners (DNV, PwC), investors (Fenbushi, Fenchain), and the three...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.

follow us in feedly