The SEC has reaffirmed its preference for regulated Bitcoin prices (aka BRR) and regulated Bitcoin futures (aka CME Bitcoin Futures).
Ken Odeluga
The Administrator announces an update to the CF Cryptocurrency Index Family - Multi Asset Series Ground Rules has now been published. The impacted benchmarks are: CF Cryptocurrency Ultra Cap 5 The updated rules come into effect immediately and oversight to these changes was provided by the CF Oversight Function
CF Benchmarks
Anthony Scaramucci’s First Trust Skybridge Bitcoin ETF Trust officially named CF Bitcoin US Settlement Price as proposed NAV calculation index
Ken Odeluga
The consultation on proposed changes to the methodology for the CME CF References Rates is now open and will impact the following benchmarks only: · CME CF Bitcoin Reference Rate (BRR) · CME CF Ether Dollar Reference Rate (ETHUSD_RR) The Administrator proposes changes relating to the below sections of the Methodology only · Section 5 - Contingency Calculation Rules · A new Section 6 – Restatement & Republishing · A new Section 7 – Market Failure Events The proposed changes are provided be
CF Benchmarks
For the last several months there’s really been only one game in the institutional crypto town, and it’s all about those steps to a potential first U.S. Bitcoin ETF
Ken Odeluga
The fact that two of the three Bitcoin ETF filings under active review at the SEC propose to use a CF Benchmarks index as their daily valuation price is welcome, to say the least, and may turn out to be significant.
Ken Odeluga
The Administrator announces that it will initiate a consultation on proposed changes to the methodology for the CME CF References Rates: · CME CF Bitcoin Reference Rate (BRR) · CME CF Ether Dollar Reference Rate (ETHUSD_RR) The Administrator shall propose changes relating to the below sections of the Methodology only · Section 5 - Contingency Calculation Rules · A new Section 6 – Restatement & Republishing · A new Section 7 – Market Failure Events The proposed changes are provided below,
Sui Chung
Three simultaneously launched Ether ETFs underlined their sponsors’ willingness to go head-to-head.
Ken Odeluga
Only Evolve Ether ETF, which uses the CME CF Ether-Dollar Reference Rate as its reference index, is backed by a pricing source with a fully public and transparent methodology.
Ken Odeluga
ETHR’s daily NAV will be calculated using the CME CF Ether-Dollar Reference Rate, the only regulated Ether benchmark price
CF Benchmarks
Evolve ETFs edged ahead of rivals with Friday’s announcement of what’s set to be the world’s first Ether ETF
Ken Odeluga
Ultimately, demonstrating that the BRR continued to meet the most stringent standards of those qualities underpins the stated aim of the research in the first place: to validate the BRR as a superior reference price for providers of regulated Bitcoin financial products, chiefly ETFs.
Ken Odeluga