Meme coin and low-caps remain favorite plays among traders as bitcoin investors look to a swift ETF judgment. Source
Bitcoin Slumbers as ETF Hopes Simmer; PEPE Leads Altcoin Gains
Tag: ETF
Bitcoin Spot ETF Approval Could Help Power up a New Crypto Cycle: Bernstein
Crypto exchange-traded-funds (ETFs) add capital to the market not just by creating demand in the spot market, but the market signal of regulatory approval of these products produces a growth flywheel for retail and other institutional flows that are seeking legitimacy, broker Bernstein said in a report Monday. Source
An ETF will bring a revolution for Bitcoin and other cryptocurrencies
But not everyone’s on board with the crypto ETF train. Critics argue that Bitcoin-linked ETFs could be even worse than centralized exchanges for the crypto market. Their main beef? There’s zero possibility of withdrawing the underlying instrument. This means the holders are never able to take advantage of the single most important feature of Bitcoin: the ability to control their funds without a need to trust anyone. And it’s not just talk. The potential of these investment vehicles is already being realized in markets like Canada. The Purpose Bitcoin ETF,…
Bitcoin ETF approval won’t happen any time soon
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied John Reed Stark, founder and chief of the Office of Internet Enforcement at the U.S. Securities and Exchange Commission (SEC), claims the agency will only approve Bitcoin spot ETF after 2024. Stark weighed in on the current regulatory environment in a lengthy post on X, formerly known as Twitter: Will the SEC Approve Any Of The Recent Bitcoin Spot ETF Applications? People often ask for my opinion on whether the SEC will approve any of the…
SBF ordered to jail, Bitcoin ETF delayed and SEC to appeal Ripple case
Top Stories This Week Judge revokes Sam Bankman-Fried’s bail, remands him to custody FTX’s former CEO, Sam “SBF” Bankman-Fried, had his bail revoked by a federal judge in response to the release of information to The New York Times allegedly intended to intimidate witnesses. During a hearing on Aug. 11, Judge Lewis Kaplan revoked Bankman-Fried’s bail and remanded him to custody, likely at the Putnam County Correctional Facility. Once his October trial begins, he could be moved to the Metropolitan Detention Center in Brooklyn. Bankman-Fried was reportedly led out of…
Want A Bitcoin Spot ETF? Then Prove BTC Is Not Manipulated, Says SEC
With multiple applications for a spot Bitcoin ETF already filed, many have continued to speculate when the SEC is likely to give its approval or otherwise. To further add to speculations, Galaxy Digital CEO Mike Novogratz, citing his sources, stated that approval was likely to come within four to six months. However, recent developments seem to suggest that the wait could be longer. SEC Stalling? In a release dated August 11, the US Securities and Exchange Commission (SEC) has moved to delay the ARK 21Shares Bitcoin ETF in a move…
US Bitcoin ETF Approval Could See North America’s ETF Volume Rise To 99.5%
North America could see its share in the global trading volume for crypto-related exchange-traded funds (ETFs) grow even further if spot Bitcoin ETFs are approved in the United States, a Bloomberg analyst said. This comes after the US Securities and Exchange Commission (SEC) issued a delay letter regarding Ark Invest’s application for a spot Bitcoin ETF. In a widely-anticipated delay, the SEC is asking for new written comments on the spot Bitcoin application. Some of the issues raised by the commission include the suitability of Bitcoin as an underlying asset…
SEC delays Bitcoin ETF proposal, seeks public input
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The SEC has postponed its decision on the Ark Invest & 21Shares Bitcoin ETF proposal as it’s soliciting feedback from the public. The recent actions of the Securities and Exchange Commission (SEC) towards the spot Bitcoin (BTC) ETF proposal by Ark Invest and 21Shares have garnered significant attention. Contrary to widespread anticipation, the SEC did not deliver a clear verdict – neither an approval nor a rejection. As revealed in their official documentation, the SEC has…
“Pretty Standard” Experts Say About ARK 21Shares Bitcoin ETF Decision
The SEC requested fresh written commentary and opinions on a proposed rule change to allow issuers to list a Bitcoin spot ETF. Blackrock, Fidelity, and other wall street punters await the Commission’s decision on their own ETF filings. Ark Invest CEO Cathie Wood predicted the delay on Bloomberg TV, adding hinting at simultaneous approvals in the future. Bitcoin’s price hardly reacted to the news of a delay. The U.S. Securities and Exchange Commission (SEC) is inviting new public commentary on the Ark 21Shares Bitcoin ETF application, delaying a decision on…
SEC punts on ARK 21Shares spot Bitcoin ETF, opens proposal to comments
The United States Securities and Exchange Commission (SEC) has delayed a decision on approving or disapproving the spot Bitcoin (BTC) exchange-traded fund proposed by ARK Investment Management. In an Aug. 11 notice, the SEC opened a 21-day comment period for the ARK 21Shares Bitcoin ETF to the public following publication in the Federal Register, the latest delay for the regulator determining whether to approve or disapprove of a spot crypto ETF in the United States. ARK originally filed to list the ETF in May, giving the SEC a maximum of…