What Happened: American asset manager Invesco Ltd. (NYSE: IVZ) has filed with the U.S. Securities and Exchange Commission for a new exchange-traded product titled “Invesco Bitcoin Strategy ETF.”
What Happened: The U.S. Securities and Exchange Commission (SEC) hasn’t approved a single application for a Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF) so far, and according to the Blockchain Association’s Karen Smith, it isn’t likely to anytime in the near future.
Does crime pay?
Wall Street Crime and Punishment is a weekly series by Benzinga's Phil Hall chronicling the bankers, brokers and financial ne’er-do-wells whose ambition and greed take them in the wrong direction.
The SEC has been circling around SPACs in 2021. The company’s pressure on how warrants were recognized by companies led to a backlog of deal votes and company’s set to publicly list. Two SPAC deals have been targeted by the SEC in a move that could change the SPAC market.
Grayscale Investments, the asset manager behind the Grayscale Bitcoin Trust (OTCMKTS: GBTC), has partnered with Bank of New York Mellon Corp (NYSE: BK) to avail its fund accounting services.
Does crime pay?
Wall Street Crime and Punishment is a weekly series by Benzinga's Phil Hall chronicling the bankers, brokers and financial ne’er-do-wells whose ambition and greed take them in the wrong direction.
Does crime pay?
Wall Street Crime and Punishment is a weekly series by Benzinga's Phil Hall chronicling the bankers, brokers and financial ne’er-do-wells whose ambition and greed take them in the wrong direction.