{"id":224874,"date":"2021-04-12T16:42:51","date_gmt":"2021-04-12T13:42:51","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/galaxy-digital-submits-bitcoin-etf-application-with-sec\/"},"modified":"2021-04-12T16:42:51","modified_gmt":"2021-04-12T13:42:51","slug":"galaxy-digital-submits-bitcoin-etf-application-with-sec","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/galaxy-digital-submits-bitcoin-etf-application-with-sec\/","title":{"rendered":"# Galaxy Digital submits Bitcoin ETF application with SEC"},"content":{"rendered":"<p>&#8220;<strong># Galaxy Digital submits Bitcoin ETF <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lication with SEC <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvNjBjYzNlNmYtMWE2YS00ODViLTk4ZWItODJlMmEwMzA0MTUwLmpwZWc=.jpeg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Galaxy Digital has submitted a Bitcoin (BTC) exchange-traded fu filing with the United States Securities and Exchange Commission. <\/p>\n<p>According to the form S-1 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1855781\/000095010321005427\/dp149207_s1.htm\">published<\/a> by the SEC on Monday, the Galaxy Bitcoin ETF \u2014 if approved \u2014 will trade on the NYSE Arca exchange, with the Bloomberg Galaxy Bitcoin index tapped as the pricing mechanism. <\/p>\n<p>Detailing the price mechanism for the prospective Bitcoin ETF, the filing reads:<\/p>\n<blockquote><p>\u201cThe end-of-day Index price is calculated using the Bloomberg Crypto Price Fixings (\u2018CFIX\u2019) mid-price for bitcoin.  CFIX is based on pricing provided by the Bloomberg Generic Price (\u2018BGN\u2019) using Bloomberg\u2019s data, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> and distribution platforms, and is made broadly available to the investment community with the objective of providing cryptocurrency fixings that are reliable, representative, and transparent.\u201d<\/p><\/blockquote>\n<p>As previously reported by Cointelegraph, Galaxy Digital, via its financial services subsidiary,\u00a0launched a Bitcoin ETF product in the Canadian market back in March.<\/p>\n<p>Galaxy\u2019s Bitcoin ETF filing did not list any custodian or administrator. The filing document also did not provide details of the trustee beyond the organization being a \u201cDelaware trust company.\u201d<\/p>\n<p>The Bitcoin ETF filing by Galaxy Digital comes on the heels of a similar application by Fidelity back in March.<\/p>\n<p>The SEC is yet to approve any Bitcoin ETF, with the previous leadership citing volatility and price manipulation concerns.<\/p>\n<p>Meanwhile, the SEC has less than two weeks to deliver its initial response to VanEck\u2019s Bitcoin ETF filing following the commission\u2019s acknowledgment of the submission back in mid-March.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/galaxy-digital-submits-bitcoin-etf-application-with-sec\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Galaxy Digital submits Bitcoin ETF application with SEC &#8221; Galaxy Digital has submitted a Bitcoin (BTC) exchange-traded fu filing with the United States Securities and Exchange Commission. According to the form S-1 published by the SEC on Monday, the Galaxy Bitcoin ETF \u2014 if approved \u2014 will trade on the NYSE Arca exchange, with&#8230;<\/p>\n","protected":false},"author":1,"featured_media":224875,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvNjBjYzNlNmYtMWE2YS00ODViLTk4ZWItODJlMmEwMzA0MTUwLmpwZWc=.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,74858,74863,75849,74898,71511,70934,67874],"class_list":["post-224874","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-bitcoin-regulation","tag-cryptocurrencies","tag-etf","tag-sec","tag-government","tag-regulation","tag-united-states"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/224874","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=224874"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/224874\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/224875"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=224874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=224874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=224874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}