#CryptoCorner: Ping An’s OneConnect Completes F-1 Filing for NYSE Listing, WisdomTree (NasdaqGS: $WETF) Launches #Bitcoin ETP on SIX, Bakkt (NYSE: $ICE) Sees Record Open Interest
#CryptoCorner: Ping
An’s OneConnect Completes F-1 Filing for NYSE Listing, WisdomTree (NasdaqGS: $WETF)
Launches #Bitcoin ETP on SIX, Bakkt (NYSE: $ICE) Sees Record Open Interest
Point Roberts, WA, Delta BC December 4,
2019 - Investorideas.com, a leader in crypto and blockchain investing news
brings you today’s edition of the Crypto Corner podcast and commentary on
what’s driving the cryptocurrency market .
Listen
to today’s Crypto Corner Podcast:
Read
this in full at https://www.investorideas.com/news/2019/crypto-corner/12041OneConnect-WETF-ICE.asp
Stocks discussed: (NasdaqGS:WETF) (NYSE:ICE)
OneConnect
Financial Technology, the blockchain subsidiary of China’s Ping An Insurance (HKSE:2318), has completed an
F-1
filing
with the U.S. Securities and Exchanges Commission (SEC) for its previously
announced IPO. CoinDesk reports that
OneConnect “aims to raise between $432 million and $504 million via the
offering of 36 million American depositary shares (ADSs) at a price of between
$12 and $14”, with each ADS representing three ordinary shares. The company
plans to list on the NYSE with the ticker “OCFT” on Dec. 12.
WisdomTree
Investments, Inc. (NasdaqGS:WETF) has launched a
physically-backed Bitcoin ETP (exchange-traded product), The WisdomTree
BitcoinETP (BTCW), on the SIX Swiss stock exchange. Alexis Marinof, Head of
WisdomTree Europe, commented:
“We have been monitoring cryptocurrencies for some time
and are excited to bring investors secure access to this developing asset
class. We have seen enough to believe that digital assets, like Bitcoin,are not
a passing trend and can play a role in portfolios. WisdomTree has a history of
bringing innovative investment themes to a broad market through
institutional-class products, allowing investors to take exposures in
difficult-to-access asset classes -we see many parallels between the
cryptocurrency space and commodities in this regard. The introduction of
cryptocurrencies in an ETP structure will enable investors to find new ways to
introduce digital assets into portfolios while still relying on the safety and
security that they have come to expect from WisdomTree.”
A recent tweet indicates that
Bakkt, the Bitcoin (BTC) futures arm of
Intercontinental Exchange (NYSE:ICE), saw open
interest reached a record high on Monday this week (Dec 2) with $6.54 million
USD. This represents a 42 percent increase over the previous record high.
According to a blog
post
published yesterday, payments company Circle may begin charging fees to U.S.
users of its crypto exchange Poloniex. As the Poloniex platform is set to spin
out from Circle, customers have until December 16 to withdraw their funds or
face fees and restrictions. An excerpt from the blog post reads:
There are two fees Poloniex US customers who do not
withdraw their assets may be subject to: a monthly service fee while a user
continues to have assets stored on the platform, and a one-time dormancy fee
when an account becomes dormant per the terms of the applicable regulations.
Unclaimed assets may be sent to state governments, consistent with applicable
regulations.
Sam
Mowers, Investorideas
For
investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain
and Digital Currency Stocks Directory
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