Valkyrie ‘95% sure’ Bitcoin ETFs will begin trading on Thursday Valkyrie Chief Investment Officer Steven McClurg anticipates that the US Securities and Exchange Commission will approve exchange-traded funds directly holding Bitcoin on Wednesday, and trading will begin soon afterward. About a dozen companies have filed for spot Bitcoin ETFs, which are expected to attract new investors to crypto and billions in inflows in their first year. The cryptocurrency has jumped to a 21-month high this year on expectations approval is imminent since the SEC faces a Jan. 10 deadline to weigh in on an Ark 21 Shares application. Many ETF issuers filed changes to their previously submitted S-1 forms on Tuesday morning, after getting feedback from the SEC the previous day. Many view the quick turnaround from the agency as a positive sign, and expect an approval on Wednesday, with the funds launching Thursday. Invesco, Bitwise, Valkyrie and WisdomTree lowered fees in their spot Bitcoin ETF applications, according to updated filings with the US Securities and Exchange Commission. Follow us onTwitter,Facebook,LinkedIn
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FII and DII trades: Foreign Institutional Investors (FII) have been net buyers of domestic stocks for successive days now. On Wednesday, FIIs pumped in Rs 2,347 crore. Domestic Institutional Investors (DII) have been net sellers, pulling out Rs 510 crore yesterday.
IPO watch: Syrma SGS Technology enters the final day of bidding today. So far the issue, that opened last week, has been subscribed 2.27 times. Retail investors have subscribed their portion 2.66 times while NIIs have bid for their quota 3.58 times and QIB portion has been bid for 0.71 times.