Join Our 2,500,000+ Community
Recently there have been rumors about the SEC approving a Bitcoin ETF in the near future. While the SEC has not yet approved a spot BTC ETF, a great milestone occurred this week with the approval of the first Bitcoin related ETF, called the Volt Equities’ Crypto Stock ETF. This product allows investors to own portions of public companies holding large amounts of Bitcoin, including Coinbase, Microstrategy, Square and Paypal.
Gary Gensler approved a Bitcoin Futures ETF from ProShares, which will allow investors to speculate on the future price of BTC. Currently there are many other applications to the SEC for futures-based ETF, including from companies like ARK Invest, Grayscale, Gemini, VanECK, Skybridge, Galaxy Digital, among others.
Ember’s investment team believes that once a pure spot Bitcoin ETF is approved, massive inflows of capital will flow into Bitcoin from large institutional investors to hedge against global inflation. We’ll be monitoring the situation closely.
Thank you for reading!
Don't forget to come into the app tomorrow to continue learning about crypto!
Enjoying Ember?
December 27, 2024
Let’s dive into what we’ve achieved this year and what’s on the horizon!
December 17, 2024
BTC’s been going to the moon recently, it’s almost Christmas, so why not celebrate with a HUGE 5,000,000 Sat giveaway? LFG!!
June 20, 2024
Ember partnered with popular gaming platform Roobet.com as a secure & fun method for mining withdrawals! This feature comes with a HUGE set of upgrades to our withdrawal process.