US exchange Coinbase is reportedly exploring possibilities to create a cryptocurrency ETF and we’ve covered the details in The Daily. Also, Bittrex announces fiat pairs for cardano and zcash, Changelly admits requesting KYC documents from clients trading privacy coins like XMR, and Monero developers find another bug.
Also read: EU Urged for Common Crypto Rules, EEU Ready for Common Crypto
Coinbase Looking to Create Crypto ETF
Cryptocurrency exchange Coinbase, a leading US trading platform, has been exploring the development of a crypto-related exchange traded product. The San Francisco-headquartered company has held talks with representatives of the assets manager Blackrock, Business Insider reported quoting knowledgeable sources. The Wall Street giant has extensive expertise in launching similar products and has set up a blockchain working group, despite previous statements it’s not interested in crypto.
Earlier this year, Coinbase launched an index fund of cryptocurrencies aimed at accredited investors. An exchange traded fund (ETF) tied to cryptocurrency, which is likely to track multiple digital coins, would be targeted at and could facilitate the entrance of more mainstream, retail investors into the crypto market. If the company’s plans are confirmed, the California-based exchange will join a number of businesses from the space trying to launch crypto ETFs. The list already includes Gemini, Bitwise and Vaneck.
Regulators have so far rejected a number of proposals. Last month, the U.S. Securities and Exchange Commission (SEC) issued three decisions denying nine Bitcoin ETFs. A day after rejecting the proposed rule changes, however, the Commission initiated a review of all related decisions noting that the rejection orders from August 22 are stayed, as news.Bitcoin.com previously reported.
Bittrex Announces Fiat Pairs for Cardano and Zcash
Another US-based
