Sec bitcoin investment

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Bitcoin Futures Fund Cleared to Launch

The U. Securities and Exchange Commission Bitvoin has approved an investment fund that will invest in bitcoin futures contracts. This form is used by closed-end management investment companies to register and offer their shares under the Securities Act. As of Aug. The fund pursues its investment objective primarily by investing in bitcoin futures contracts … The only bitcoin futures in which the fund will invest are cash-settled bitcoin futures traded on commodity exchanges registered with the CFTC.

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Company Filings More Search Options. The rise of Bitcoin and other virtual and digital currencies creates new concerns for investors. A new product, technology, or innovation — such as Bitcoin — has the potential to give rise both to frauds and high-risk investment opportunities. Potential investors can be easily enticed with the promise of high returns in a new investment space and also may be less skeptical when assessing something novel, new and cutting-edge. We previously issued an Investor Alert about the use of Bitcoin in the context of a Ponzi scheme. Bitcoin has been described as a decentralized, peer-to-peer virtual currency that is used like money — it can be exchanged for traditional currencies such as the U.

‘A Bit of Progress’

Partner Links. After years of back and forth between regulators and leaders of the digital token community, the latest position of the SEC is that most digital tokens themselves do not constitute securities, but initial sec bitcoin investment offerings ICOsthe popular crowdfunding method used to launch tokens and related blockchain-based products. The price of bitcoin was stable immediately after the announcement. According to a report by CCNthe SEC cited «a lack of current, consistent and accurate information» pertaining to the two ETNs as a critical reason for its order to halt trading. MarketWatch Partner Center. Read more about The fund does not intend to invest in bitcoin directly, or any other cryptocurrencies. NYDIG declined to comment on the fund through a spokesperson. Related Articles. The offers that appear in knvestment table investmnt from partnerships from which Investopedia receives compensation. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.