Standard Chartered Revises Multiyear Bitcoin Forecasts as $500K Horizon Extended

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.

The post VanEck Targets Stablecoins & Next-Gen ICOs appeared on BitcoinEthereumNews.com. Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead. Grab a coffee because the firms shaping crypto’s future are not just building products, but also trying to reshape how capital flows. Crypto News of the Day: VanEck Maps Next Frontier of Crypto Venture Investing VanEck, a Wall Street player known for financial “firsts,” is pushing that legacy into Web3. The firsts include pioneering US gold funds and launching one of the earliest spot Bitcoin ETFs. Sponsored Sponsored “Financial instruments have always been a kind of tokenization. From seashells to traveler’s checks, from relational databases to today’s on-chain assets. You could even joke that VanEck’s first gold mutual funds were the original ‘tokenized gold,’” Juan C. Lopez, General Partner at VanEck Ventures, told BeInCrypto. That same instinct drives the firm’s venture bets. Lopez said VanEck goes beyond writing checks and brings the full weight of the firm. This extends from regulatory proximity to product experiments to founders building the next phase of crypto infrastructure. Asked about key investment priorities, Lopez highlighted stablecoins. “We care deeply about three questions: How do we accelerate stablecoin ubiquity? What will users want to do with them once highly distributed? And what net new assets can we construct now that we have sophisticated market infrastructure?” Lopez added. However, VanEck is not limiting itself to the hottest narrative, acknowledging that decentralized finance (DeFi) is having a renaissance. The VanEck executive also noted that success will depend on new approaches to identity and programmable compliance layered on public blockchains. Backing Legion With A New Model for ICOs Sponsored Sponsored That compliance-first angle explains VanEck Ventures’ recent co-lead of Legion’s $5 million seed round alongside Brevan Howard. Legion aims to reinvent token fundraising by making early-stage access…

The discussion is now focused on layer 2 projects, which are quicker, less expensive and more scalable to users. Linea is leading with record interactions.