Speculation about a novel "night-only" Bitcoin ETF being developed by Wall Street firms has been circulating, but investigations reveal no official filings or confirmations to support the rumors. The initial reports, which cited Bloomberg senior ETF analyst Eric Balchunas, suggested a product that would trade exclusively after hours, potentially reshaping ETF trends and impacting Bitcoin and other major cryptocurrencies.
However, subsequent verification shows that no such filing exists with the U.S. Securities and Exchange Commission (SEC). Major financial institutions typically associated with Bitcoin ETFs, including BlackRock and Fidelity, have not been involved with or confirmed any plans for a nighttime trading product. Balchunas himself noted the concept was intriguing but lacked backing from primary sources.
The market reaction has been muted, with existing Bitcoin and Ethereum ETFs continuing to operate under traditional trading hours and seeing significant investor inflows. The rumors, while highlighting ongoing interest in cryptocurrency market innovations, have not led to any immediate financial or regulatory shifts. The episode underscores the market's sensitivity to ETF-related news and the importance of verified information.
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