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October 17, 2021

Bitcoin ETF Approved

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!

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Ember Partnered with Stake | Earn 10,000 Sats

We are thrilled to announce that Ember has partnered with Stake.com! To kick things off, we're airdropping 10,000 Sats in Ember to anyone who signs up on Stake.com, makes a deposit and plays their Crash or Plinko games.

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