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OTC Deals

OTCbid - SEC Approves Bitcoin Futures ETF, Opening Crypto to Wider Investor Base

" After years of trial and error by would-be fund sponsors, cryptocurrency investing is finally opening up to the masses with the tacit U.S. approval of a bitcoin futures exchange-traded fund.

The Securities and Exchange Commission (SEC) greenlighted bitcoin futures ETFs in a first for the industry on Friday, after the regulator’s five commissioners met on the issue. ProShares, which filed for its Bitcoin Strategy ETF this past summer, may be the first to launch next week.

The company filed a post-effective amended prospectus on Oct. 15, stating its filing is expected to launch on Monday, Oct. 18, though the fund may not begin trading immediately.

 

Proponents of a bitcoin ETF believe the product will be more widely accessible for individuals interested in bitcoin than the actual cryptocurrency by giving investors a regulated alternative to the underlying digital asset. The first product will track bitcoin futures, rather than the price of bitcoin directly, however. SEC Chair Gary Gensler indicated he believes futures-based products might provide stronger investor protections due to the laws under which they operate." - Read Full Article

Source: FXstreet

100K-1M BTC BUYER IN LONDON

" We get asked for millions of BTC from billion-dollar companies. We can do it with multiple sellers and multiple wallets."

- OTCbid

-6 Gross, -3% Net, MT103/GPI, Bank2Bank, London

Seller Mandate Only

- OTCbid.com

NEW: 100K up to 1M BTC @ -6% gross, -3% net, MT103/GPI, Bank2Bank, London - Look For Seller

(Buyer :  TFRA  SALI-linkl)

Post: 18.10.21

  • A global financial institution (FI) is looking for 100K up to 1M BTC  @ -6% gross, -3% net

  • Buyer = 3% 

  • Sellerside = 1% 

  • Buyerside = 1% (closed)​

  • Facilitators = 1% (closed)

  • FI = Financial Institution (Buyer)

​​

  • ​PROCEDURE:

  • The Bitcoin sales process is an easy step by step procedure, fast and efficient:

  • A) Genealogy filled by all brokers (if needed NCNDA too)

  • B) Final Genealogy will be sent to buyer FI

  • C) FI will contact the seller directly to get started with step (D)

  • D) A_B wallet test to show availability and control of coins by seller executed as follows:

  • 1. The buyer FI will create an empty wallet (B) and submit the wallet address to seller and seller changes the password to be the owner of this wallet (B)

  • 2. The seller sends a BTC test amount from seller's wallet (A) to seller's empty wallet (B)

  • 3. Buyer FI checks the legitimacy of the A-B wallet test.

  • E) FI answers with a contract, when the contract is fine for the seller, then the seller signs the contract and then FI signs the contract.

  • F) The bitcoin amount of each tranche shall be transferred to the wallet controlled by the seller in accordance with the Agreement before the Bank Transaction Procedure is initiated as follows:

  • 1. The seller sends current tranche to seller's wallet (B)

  • 2. After the six Blockchain confirmations, buyer FI transfers the Turbo Swift MT103/GPI of the required amount of funds to the seller's account.

  • 3. Where the seller receives the funds, he releases BTC from seller's Wallet (B) to FI wallet

  • 4. FI will pay commission by an appointed Paymaster (Kxxxx lawyer) to the brokers.

  • G) Repeat step F until contract is exhausted.

SELLER MANDATE ONLY

Interested parties should contact :

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