Exploring Cardano: Inner Workings and Advantages of this Cryptocurrency
Seville.- Economy.- Innova.- STSA inaugurates its new painting and sealing hangar in San Pablo, for 18 million
Innova.- More than 300 volunteers join the Andalucía Compromiso Digital network in one month to facilitate access to ICT
Innova.-AMP.- Ayesa acquires 51% of Sadiel, which will create new technological engineering products and expand markets
AstraZeneca admits that its Covid vaccine can cause side effects such as thrombosis in "very rare cases"
The PP signs the director of the cabinet of the governor of the Bank of Spain for its list for the European elections
Illa does not rule out agreeing with Junts after the Catalans if they do not prioritize independence
Los Angeles Police begin to dismantle the encampment at the University of California
How Blockchain in being used to shape the future
Not just BTC and ETH: Here Are Some More Interesting Coins Worth Focusing on
UPV students design an app that helps improve the ventilation of homes in the face of high temperatures
Ivace and promotes a less invasive device for the early detection of prostate cancer
Valencia unanimously approves the ordinance to allocate spaces to test innovative initiatives
UPV researchers promote a paid master's degree as a "talent factory" in integrated photonics
A million people demonstrate in France against Macron's pension reform
Russia launches several missiles against "critical infrastructure" in the city of Zaporizhia
A "procession" remembers the dead of the Calabria shipwreck as bodies continue to wash up on the shore
Prison sentences handed down for three prominent Hong Kong pro-democracy activists
ETH continues to leave trading platforms, Ethereum balance on exchanges lowest in 3 years
Investors invest $450 million in Consensys, Ethereum incubator now valued at $7 billion
Alchemy Integrates Ethereum L2 Product Starknet to Enhance Web3 Scalability at a Price 100x Lower Than L1 Fees
Mining Report: Bitcoin's Electricity Consumption Declines by 25% in Q1 2022
Oil-to-Bitcoin Mining Firm Crusoe Energy Systems Raised $505 Million
Microbt reveals the latest Bitcoin mining rigs -- Machines produce up to 126 TH/s with custom 5nm chip design
Bitcoin's Mining Difficulty Hits a Lifetime High, With More Than 90% of BTC Supply Issued
The Biggest Movers are Near, EOS, and RUNE during Friday's Selloff
Global Markets Spooked by a Hawkish Fed and Covid, Stocks and Crypto Gain After Musk Buys Twitter
Bitso to offset carbon emissions from the Trading Platform's ERC20, ETH, and BTC Transactions
Draftkings Announces 2022 College Hoops NFT Selection for March Madness
New York Digital Investment Group, or NYDIG, has filed paperwork together with the United States Securities and Exchange Commission to launch a new Bitcoin exchange-traded finance.
The submission lists NYDIG Trust Company LLC since the fund's Bitcoin custodian and Morgan Stanley as an authorized participant.
As a licensed participant, Morgan Stanley is expected to sell shares to the public at prices which reflect the fund's assets, supply and demand, and underlying market conditions. The shares will trade on the NYSE Arca exchange beneath a yet-to-be-determined ticker symbol.
According to the prospectus summary:
"The Trust's investment objective is to reflect the functioning of the price of bitcoin less the expenses of the Trust's operations. The Trust won't seek to reflect the operation of any reference or index."
It continues:
"In trying to achieve its investment objective, the Trust will hold bitcoin."
NYDIG has been active in the crypto area, as it seeks to provide more institutional vulnerability to electronic resources like Bitcoin. In Nov and Dec 2020, the company increased $150 million through two separate cryptocurrency investment funds. NYDIG was awarded a BitLicense by the New York State Department of Financial Services at 2018.
Stone Ridge, NYDIG's parent company, is one of the largest institutional holders of Bitcoin.
The pursuit for a Bitcoin ETF was evasive, at least in the United States, where many fund issuers have tried unsuccessfully to get regulatory approval.
Canada recently approved the initial publicly-traded Bitcoin ETF in North America, enabling institutional investors to get BTC investments straight without derivatives.
