Lummis And White House Deadlocked Over Crucial Crypto Bill Ethics Rule

Speculations over ETF approvals are now drawing institutional and retail excitement. These updates augur well for XRP price prediction, with […] The post XRP Price Prediction: Ripple’s ETF Speculation Lifts XRP, But LBRETT Price Forecasts Hint at Multi-Billion Market Cap appeared first on Coindoo.

PANews reported on December 10th that, according to CoinDesk, boutique wealth management firm Nicholas Financial Corporation has filed an application with the U.S. Securities and Exchange Commission (SEC) to launch a Bitcoin ETF that holds Bitcoin assets only at night, completely avoiding U.S. trading hours. This fund, named the Nicholas Bitcoin and Treasuries AfterDark ETF (ticker symbol NGTH), will buy Bitcoin at 4 PM Eastern Time (when the U.S. market closes) and sell it at 9:30 AM Eastern Time the following day (before the market reopens). During the daytime, the fund will invest in short-term U.S. Treasury bonds to preserve value and generate returns. The company has also filed for a second product, the Nicholas Bitcoin Tail ETF (ticker symbol BHGD). If approved, this ETF will add novelty to the growing ecosystem of Bitcoin investment products by using the time of day as a key factor in its strategy.

Daily market key data review and trend analysis, produced by PANews.