Bitcoin surges amid renewed interest in ETFs from Wall Street's giants.
Will Invesco and WisdomTree receive approval from the SEC this time around?
Last week,
BlackRock, the world's largest asset manager, filed an application to register
a spot Bitcoin exchange-traded fund (ETF) in the United States, spurring two
more major issuers to pursue similar financial instruments. Yesterday (Tuesday),
both Invesco and WisdomTree announced their intention to create their own spot
Bitcoin ETFs.
Despite falling short of its previous attempts, BlackRock's recent move has boosted hopes that
US regulators might finally approve such an instrument this time around.
Invesco Applies for
Bitcoin ETF for the First Time since 2021
Invesco, an
asset management company with $1.4 trillion under its wings, is seeking
approval for a Bitcoin ETF for the first time since 2021. The company initially
attempted to establish a spot Bitcoin exchange-trade fund in 2021 in
collaboration with Galaxy Digital. Although unsuccessful in establishing a
market-based instrument at the time, Invesco is now attempting to introduce this
instrument again.
The
Securities and Exchange Commission (SEC) has repeatedly rejected proposals for
spot Bitcoin ETFs, albeit approving similar instruments based on cryptocurrency
futures. Currently, Invesco argues that the absence of a spot Bitcoin ETF is
driving retail investors towards more risky alternatives, such as the
now-defunct FTX trading platform or exchanges like Binance and Coinbase, which
are grappling with regulatory issues in the US.
WisdomTree Is the Next Company in Line
WisdomTree
is also in the queue and looking to launch an ETF called the WisdomTree Bitcoin
Trust. The ETF is planned to be listed under the symbol BTCW on the Cboe BZX
Exchange. Like Invesco, WisdomTree submitted a similar application in 2021,
which was ultimately rejected by the SEC in 2022, following months of delay in
issuing a final decision.
Following
BlackRock's lead, Bitwise Asset Management is applying for a spot Bitcoin
ETF, having submitted their application on June 16. Additionally, there are rumors circulating in the industry that Fidelity, another asset management firm, will
soon make a 'seismic move' in the digital asset market.
Industry
experts believe that Fidelity, like BlackRock, could seek to establish a
cryptocurrency ETF, aiming to capture some market share from Coinbase and
Binance, both of which are embroiled in legal disputes with the SEC.
Bitcoin Gains from Wall
Street Giants' Support
As a result
of the wave of applications for cryptocurrency ETFs, the price of Bitcoin has
been on a dynamic rise. On Wednesday, Bitcoin is testing at around $29,000, which is its
strongest price in over a month. During Tuesday's session, the value of the oldest
cryptocurrency increased 5.5%, marking its most robust single-day gain in
two weeks. Previously, such a dynamic move was seen in March 2023.
Source: CoinMarketCap.com
Wall Street
giants have just submitted applications to the SEC to establish new financial
instruments, and no one promises that the situation will differ from two years
ago. However, the current licensing pressure on the industry in the US might
prompt regulators to view regulated providers of financial instruments in a
more favorable light.
Last week,
BlackRock, the world's largest asset manager, filed an application to register
a spot Bitcoin exchange-traded fund (ETF) in the United States, spurring two
more major issuers to pursue similar financial instruments. Yesterday (Tuesday),
both Invesco and WisdomTree announced their intention to create their own spot
Bitcoin ETFs.
Despite falling short of its previous attempts, BlackRock's recent move has boosted hopes that
US regulators might finally approve such an instrument this time around.
Invesco Applies for
Bitcoin ETF for the First Time since 2021
Invesco, an
asset management company with $1.4 trillion under its wings, is seeking
approval for a Bitcoin ETF for the first time since 2021. The company initially
attempted to establish a spot Bitcoin exchange-trade fund in 2021 in
collaboration with Galaxy Digital. Although unsuccessful in establishing a
market-based instrument at the time, Invesco is now attempting to introduce this
instrument again.
The
Securities and Exchange Commission (SEC) has repeatedly rejected proposals for
spot Bitcoin ETFs, albeit approving similar instruments based on cryptocurrency
futures. Currently, Invesco argues that the absence of a spot Bitcoin ETF is
driving retail investors towards more risky alternatives, such as the
now-defunct FTX trading platform or exchanges like Binance and Coinbase, which
are grappling with regulatory issues in the US.
WisdomTree Is the Next Company in Line
WisdomTree
is also in the queue and looking to launch an ETF called the WisdomTree Bitcoin
Trust. The ETF is planned to be listed under the symbol BTCW on the Cboe BZX
Exchange. Like Invesco, WisdomTree submitted a similar application in 2021,
which was ultimately rejected by the SEC in 2022, following months of delay in
issuing a final decision.
Following
BlackRock's lead, Bitwise Asset Management is applying for a spot Bitcoin
ETF, having submitted their application on June 16. Additionally, there are rumors circulating in the industry that Fidelity, another asset management firm, will
soon make a 'seismic move' in the digital asset market.
Industry
experts believe that Fidelity, like BlackRock, could seek to establish a
cryptocurrency ETF, aiming to capture some market share from Coinbase and
Binance, both of which are embroiled in legal disputes with the SEC.
Bitcoin Gains from Wall
Street Giants' Support
As a result
of the wave of applications for cryptocurrency ETFs, the price of Bitcoin has
been on a dynamic rise. On Wednesday, Bitcoin is testing at around $29,000, which is its
strongest price in over a month. During Tuesday's session, the value of the oldest
cryptocurrency increased 5.5%, marking its most robust single-day gain in
two weeks. Previously, such a dynamic move was seen in March 2023.
Source: CoinMarketCap.com
Wall Street
giants have just submitted applications to the SEC to establish new financial
instruments, and no one promises that the situation will differ from two years
ago. However, the current licensing pressure on the industry in the US might
prompt regulators to view regulated providers of financial instruments in a
more favorable light.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Executive Interview | Jas Shah | FMLS:25
Executive Interview | Jas Shah | FMLS:25
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Vitalii Bulynin Talks About Versus Trade, New Pairs, and Big Plans
Vitalii Bulynin Talks About Versus Trade, New Pairs, and Big Plans
In this interview, Versus Trade Co-Founder Vitalii Bulynin explains how the company got its license fast, why its trading pairs are fresh and fun, and what the team will build next.
He also discusses the most active pairs, the IB and MIB plans, and hiring needs for new markets.
Watch the whole talk to learn more about how Versus Trade works and where it is heading.
#financemagnates #VersusTrade #TradingPairs #BTCvsGold #goldtrading #innovation
In this interview, Versus Trade Co-Founder Vitalii Bulynin explains how the company got its license fast, why its trading pairs are fresh and fun, and what the team will build next.
He also discusses the most active pairs, the IB and MIB plans, and hiring needs for new markets.
Watch the whole talk to learn more about how Versus Trade works and where it is heading.
#financemagnates #VersusTrade #TradingPairs #BTCvsGold #goldtrading #innovation
Marketing in 2026 Audiences, Costs, and Smarter AI
Marketing in 2026 Audiences, Costs, and Smarter AI
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
