Brazilian asset manager Hashdex rang the opening bell at the New York Stock Exchange on Monday to celebrate six months of U.S. trading for its $DEFI bitcoin futures fund, the first crypto ETF approved under the Securities Act of 1933.
“We work with regulators, we don’t sue them,” said Hashdex’s CEO, referencing the firm’s competitor, Grayscale, which faced off in court against the SEC last week.
"A spot Bitcoin ETF is inevitable, we just don't know when, in what context," the firm's CEO and co-founder Marcelo Sampaio said in an interview at the exchange. "We're losing money on having this ETF, a lot of money. But we're doing it because we know it's the future," said Michael Venuto, CIO and co-founder of Tidal Financial Group, which works as an infrastructure partner for Rio de Janeiro-based Hashdex.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MetroHealth CEO Airica Steed suspends bonuses that led to former CEO Dr. Akram Boutros’ firingWhile acknowledging that trust between the county council and MetroHealth has been dented by the Boutros bonus controversy, Steed assured county council that county “dollars are spent solely for the reasons you have authorized.”
Read more »
'Go-to place to get liquidity': ETF efficiency amid the SVB collapseWhile the recent fallout in the banking sector has weighed on indexes, some experts say the volatility has shined a light on the efficiency of the ETF market.
Read more »
Musk internet kits a boon for bad actors in Brazilian AmazonBrazilian federal agents aboard three helicopters descended on an illegal mining site on Tuesday in the Amazon rainforest. They were met with gunfire, and the shooters escaped, leaving behind an increasingly familiar find for authorities: Starlink internet units.
Read more »
Musk internet kits a boon for bad actors in Brazilian AmazonBrazilian federal agents aboard three helicopters descended on an illegal mining site in the Amazon rainforest. They were met with gunfire, and the shooters escaped, leaving behind an increasingly familiar find for authorities: Starlink internet units.
Read more »
Brazilian researchers find 'terrifying' plastic rocks on remote islandThe geology of Brazil's volcanic Trindade Island has fascinated scientists for years, but the discovery of rocks made from plastic debris in this remote turtle refuge is sparking alarm.
Read more »
Brazilian researchers find 'terrifying' plastic rocks on remote island | CNNThe geology of Brazil's volcanic Trindade Island has fascinated scientists for years, but the discovery of rocks made from plastic debris in this remote turtle refuge is sparking alarm.
Read more »