ChainCatcher news, four asset management companies have submitted applications to U.S. regulators to create investment Bitcoin ETFs, but using derivatives to minimize or completely hedge potential losses.Calamos Investments has applied for four actively managed ETFs.First Trust Portfolios has applied to establish a 15% floor ETF and a buffered ETF aimed at hedging the first 30% of losses.Innovator ETFs is seeking to launch a three-month buffered product with a 10% return. The company has also applied to launch a three-month actively managed ETF with a 20% return and has set a "participation rate."Grayscale Investments also plans to launch a covered call Bitcoin ETF, which will sell call options on a spot Bitcoin ETF. This will reduce the potential price appreciation when Bitcoin rises, but can provide regular premium income.

ChainCatcher news, according to The Wall Street Journal, the U.S. Securities and Exchange Commission (SEC) has informed asset management companies that a spot Ethereum ETF may launch on July 23. After asset management companies submitted their final round of application documents this week, the SEC is expected to announce the effectiveness of the Ethereum ETF registration statement next Monday. Once the statement is effective, the spot Ethereum ETF can begin trading.

ChainCatcher news, according to HODL15Capital monitoring, currently 168 asset management companies have disclosed their holdings of BlackRock IBIT in the submitted 13-F filings, with the largest 2 located in Hong Kong.It is reported that the deadline for 13-F filings for the first quarter is May 15.

ChainCatcher news, according to Watcher.guru, two Hong Kong asset management companies have purchased up to $112 million in U.S. spot Bitcoin ETFs. Data shows that in addition to Yong Rong Asset Management purchasing $38 million worth of BlackRock's IBIT ETF, another company, Ovata Capital Management, has bought four U.S. spot Bitcoin ETFs, with a total investment exceeding $74 million. Analysts believe that given Hong Kong has launched spot Bitcoin exchange-traded funds, this move by local asset management companies seems quite interesting.

ChainCatcher exclusive news, according to the list published on the Hong Kong Securities and Futures Commission (SFC) official website, the list of virtual asset management fund companies has added Bosera Funds (International) Co., Ltd., which indicates that the fund has added virtual asset management business on top of its existing traditional asset management business.Previous report, on April 15, Bosera Funds' official WeChat account announced that the Hong Kong SFC conditionally approved the Bitcoin and Ethereum spot ETF jointly issued and managed by HashKey Capital and Bosera Funds, but the article was subsequently deleted by the publisher. On the day the news was announced, Bosera Funds did not appear in the virtual asset management fund list updated by the Hong Kong SFC on April 12. Therefore, some believe that since Bosera Funds does not have an independent licensed Responsible Officer (RO) to meet the requirements of the virtual asset industry, it collaborates with the compliant asset management institution HashKey Capital in Hong Kong.

ChainCatcher news, according to CryptoSlate, asset managers have a net long position of about $2 billion in Bitcoin futures; meanwhile, hedge funds have a roughly equivalent short position.

ChainCatcher news, according to Bloomberg, asset management companies such as Fidelity have resubmitted a new set of Bitcoin ETF applications to supplement new details. The five companies that resubmitted their applications stated that Coinbase Global Inc. will provide market oversight for their funds, a fact that was not included in previous versions.According to informed sources, Coinbase is also providing various services for other proposed fund issuers, with a document showing that 21Shares stated Coinbase will also provide custody services, while other issuers declined to confirm whether Coinbase would be involved. (Source link)

According to ChainCatcher news, Nikkei Asia reported that three asset management companies, CSOP Asset Management, Samsung Asset Management, and Mirae Asset Global Investment, have applied to the Hong Kong Securities and Futures Commission (SFC) to launch exchange-traded funds (ETFs) that track cryptocurrency futures for retail investors in Hong Kong. (Source link)

Chain Catcher news, Société Générale Securities Services (SGSS) provides digital asset services for asset management companies looking to develop cryptocurrency funds. It is reported that an increasing number of investors wish to incorporate cryptocurrencies into their portfolios, and asset management companies are seeking to establish a series of solutions primarily focused on digital assets.To meet these specific needs, SGSS now offers services as a fund custodian, evaluator, and liability manager for asset management companies. The services provided by SGSS enable asset management companies to enhance their products in a simple and adaptable manner within the European regulatory framework. (finextra)