Tag: ETF

Federal Court Set to Formalize Grayscale ETF Victory Today Following SEC’s Refusal to Appeal

A federal court may formalize the ruling on Grayscale’s ETF today, officially vacating the SEC’s refusal to convert the GBTC. A federal court is set to formalize Grayscale Investments’ victory over the United States Securities and Exchange Commission (SEC) over the firm’s conversion of the GBTC into a spot Bitcoin exchange-traded fund (ETF). Closing the case will legally establish Grayscale’s win, especially as the SEC chose not to appeal the ruling. Court to Formalize Grayscale Ruling Today marks the final deadline for the DC Circuit Court of Appeals, ending the…

U.S. Spot BTC ETF Approval Likely Within Months: JPMorgan

ETFs are traded on an exchange, like stocks, and track the performance of an underlying asset. They are popular because they allow investors to gain access to cryptocurrencies without having to purchase the underlying digital assets themselves. They are also cheaper to trade. The crypto market is hopeful that the approval of a spot bitcoin ETF will lead to a flood of mainstream money into the sector. Source

Spot Bitcoin (BTC) ETF Excitement Hits Main Street, Google Trends Indicates

In other words, more and more people on main street are scanning the web for information about bitcoin spot ETFs and how they might affect the market capitalization of what is already the world’s largest the cryptocurrency. Market participants are convinced that the U.S. Securities and Exchange Commission, having recently missed a deadline to challenge a critical legal loss, will approve a spot ETF early next year, opening the liquidity floodgates. Source

Coinbase ‘confident’ a U.S. bitcoin ETF will be approved

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Coinbase is confident that a U.S. bitcoin exchange-traded fund will be approved by the U.S. Securities and Exchange Commission, the company’s chief legal officer, Paul Grewal, told CNBC. “I’m quite hopeful that these [ETF] applications will be granted, if only because they should be granted under the law,” Grewal said in an interview with CNBC’s Arjun Kharpal. The SEC was recently dealt a major court setback when a judge ruled that the regulator had no basis to deny digital asset management Grayscale’s bid to turn its huge GBTC bitcoin fund…

Bitcoin (BTC) Prices at $29.3K as Bulls Charge Ahead With ETF Optimism

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“Bitcoin has also been encouraged by possible ETF approval and an increasing number of ETF submissions by leading companies,” shared Lucy Hu, senior trader at Metalpha, in a message early Friday. “The SEC opted for a no-appeal on Grayscale’s ruling, and as the deadline for BTC spot ETF applications from institutions such as Blackrock looms closer, the market’s confidence in ETF approval has increased.” Original

Grayscale ETF Case’s Final Word Coming in Federal Court as SEC Loss Formalized

Grayscale Investments is waiting for a federal court tomorrow or soon after to formalize the defeat it handed the U.S. Securities and Exchange Commission (SEC) two months ago in the parties’ dispute over a spot bitcoin exchange traded fund (ETF). That federal court action will close the case, legally setting Grayscale’s win in stone. Source BitcoinCase039sComingCourtcryptoexchangeETFExchangesFederalFinalFormalizedGrayscaleLossSECWord CryptoX Portal

Bitcoin ETF Approval Anticipated To Trigger Fiat Influx Of $24-50 Billion

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In a recent report released by Matrixport, a digital assets financial services platform, the spotlight shifts beyond Bitcoin (BTC) as the eagerly anticipated approval of a Bitcoin spot Exchange-Traded Fund (ETF) by the US Securities and Exchange Commission (SEC) could have far-reaching effects.  According to the analysis, not only could the Bitcoin market experience a significant boost, but Tether (USDT) and the broader crypto market could also see positive outcomes. Potential Impact On Bitcoin Matrixport’s foresight, outlined in their 2023 outlook report published on December 9, 2022, projected a substantial…

Grayscale’s GBTC Spot Bitcoin (GBTC) ETF Conversion in Question After New York Suit

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“I am neither an attorney nor legal expert, but I don’t think there’s any scenario in which Grayscale will sell their bitcoin and dissolve their trusts, regardless of this lawsuit,” said Weisberger. “Even if DCG is forced to sell the trust, it would just come under operational management by a different entity. As a result, this case seems unrelated to the likelihood of the Greyscale trust conversion to an ETFs being approved.” Original

Grayscale makes new attempt for spot bitcoin ETF approval

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Investment giant Grayscale has filed a new registration statement with the U.S. Securities and Exchange Commission (SEC) in its ongoing attempt to convert its Grayscale Bitcoin Trust into a spot Bitcoin ETF. According to The Block, the decision on the application comes shortly after a ruling by the D.C. District Court ordering the regulator to reconsider the firm’s application. The firm filed an S-3 filing, a shortened version of the typical S-1 filing used to offer new shares. This comes as other major asset managers, including BlackRock and Fidelity, are…