The crypto community has been kept at the edge of its seat as the SEC decided to postpone a decision on the 7 Spot Bitcoin ETFs filed over the last few months. During such a pensive time, market analysts have predicted the SEC authorizing a Spot Bitcoin ETF while the former SEC Chairman foresees a losing battle for the regulator. JP Morgan Analysts Foresee ETFs Approval The United States Securities and Exchange Commission (SEC) and Grayscale, an American digital currency investing and crypto asset management company have been embroiled in…
Tag: ETF
ETH Spot ETF, DeFi ETF Applications to Follow BTC Spot ETF Approval as Asset Management Seeks Fees: Bernstein
The asset management industry is expected to push beyond bitcoin and ether into areas including other top blockchains, such as Solana and Polygon, and even leading decentralized finance (DeFi) assets, the note said. DeFi is an umbrella term used for lending, trading and other financial activities carried out on a blockchain, without traditional intermediaries. Source
Grayscale’s Legal Win Versus SEC Makes Spot Bitcoin ETF Approval More Likely: JPMorgan
Spot bitcoin ETFs have existed for some time outside the U.S., but have failed to attract considerable investor interest, and bitcoin funds overall, both futures-based and physically backed funds, have attracted little investor interest since the second quarter of 2021, the report added. Original
BTC price settles following SEC’s spot Bitcoin ETF delay
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin (BTC) has undergone a price correction, falling below the $26,000 level on the heels of the U.S. Securities and Exchange Commission’s (SEC) delay in deciding whether to approve applications for spot Bitcoin ETFs. The correction came following mid-week gains driven by positive regulatory news, which caused BTC to experience a remarkable 8% surge, hitting over $28,000 on Aug. 29. However, the coin failed to break through the significant resistance point of $30,000. SEC delay cools…
Former SEC chair Jay Clayton predicts inevitable approval of Bitcoin ETF
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Former Securities and Exchange Commission (SEC) Chairman Jay Clayton has expressed his belief that the approval of a spot Bitcoin Exchange-Traded Fund (ETF) is “inevitable.” Clayton stated that there is a big likelihood for a spot Bitcoin ETF approval to happen in a recent CNBC interview, despite the SEC’s delay in approving Bitcoin ETF applications. So far, numerous companies have submitted applications for ETFs centered on spot Bitcoin, among them BlackRock, Ark Invest, Bitwise, WisdomTree, VanEck,…
Grayscale defeats SEC, ETF drama takes spotlight, Ronaldinho embroiled in crypto scam
This week, Grayscale triumphed in a high-stakes battle against U.S. regulators, while developments emerged regarding spot-based BTC ETF applications. Amidst these events, football star Ronaldinho found himself embroiled in a crypto controversy. Grayscale secures victory Grayscale’s legal triumph over the U.S. Securities and Exchange Commission (SEC) seized the spotlight this week. In a groundbreaking decision by a federal court in Washington, Grayscale received the green light to introduce a spot-based BTC ETF in the U.S. This judicial action overturned the SEC’s previous denial of Grayscale’s proposal, deeming it irrational and…
Bitwise withdraws Bitcoin and Ethereum ETF application
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitwise Asset Management has withdrawn its application for a Bitcoin and Ethereum Market Cap Weight Strategy ETF. Bitwise Asset Management has withdrawn its application for a Bitcoin (BTC) and Ether (ETH) Market Cap Weight Strategy exchange-traded fund. It was initially filed with the U.S. Securities and Exchange Commission on Aug. 3. This decision follows a period of increased optimism in the crypto market after Grayscale secured approval for its own ETF from the SEC. Bitwise’s Chief…
Former SEC chair says spot Bitcoin ETF approval is ‘inevitable’ despite delays
Following the United States Securities and Exchange Commission (SEC) delaying decisions on several spot Bitcoin exchange-traded funds, former commission chair Jay Clayton said he believed approval was still going to happen at some point. In an Sept. 1 interview with CNBC, Clayton said major financial institutions backing spot Bitcoin (BTC) investment vehicles represented a shift in how retail investors could get exposure to crypto. On Aug. 31, the SEC designated a longer period in which it could review spot BTC exchange-traded fund (ETF) applications from BlackRock, WisdomTree, VanEck, Invesco Galaxy,…
BTC Price Crashes Under $26,000 with SEC Delaying Decisions on Spot Bitcoin ETF
Bitcoin continues to show weakness as the BTC price can move towards $24,000-25,000 as it goes to test the 200-week EMA once again. On Thursday, August 31, the world’s largest cryptocurrency Bitcoin plummeted by more than 4.5% with its price slipping under $26,000, losing all the early week gains after the Grayscale court ruling. The selling pressure on BTC and its price comes as the US Securities and Exchange Commission (SEC) announced its decision to delay the approval of seven spot Bitcoin ETF applications. This includes applications from giants such…
SEC Delays Spot Bitcoin ETF Decision for All Applicants
The U.S. Securities and Exchange Commission (SEC) delayed until October a decision on all spot bitcoin exchange-traded fund (ETF) applications submitted by firms including BlackRock, WisdomTree, Invesco Galaxy, Wise Origin, VanEck, Bitwise and Valkyrie Digital Assets, according to agency filings on Thursday. The SEC began reviewing the latest slate of applications from both crypto-heavy and traditional finance firms last month. The applicants hope to launch the first spot bitcoin ETF, which advocates have argued will allow for greater retail investment in the bitcoin market while saving investors the trouble of…