Tag: ETFs

Grayscale victory, SEC delays decision on Bitcoin ETFs: Law Decoded

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On Aug. 29, crypto asset manager Grayscale Investments scored a major victory against the United States Securities and Exchange Commission in its efforts to convert its over-the-counter Grayscale Bitcoin Trust (GBTC) into a listed Bitcoin exchange-traded fund (ETF). The U.S. Court of Appeals Circuit Judge Neomi Rao ordered Grayscale’s petition for review be granted and the SEC’s order to deny the GBTC listing application be vacated. Previously, Rao said that the SEC did not “offer any explanation” as to why Grayscale was in the wrong.  Initial enthusiasm in the crypto…

Multiple Bitcoin ETFs incoming: JP Morgan analyst

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied JP Morgan analysts, led by Nikolaos Panigirtzoglou, suggest that Grayscale’s court victory over the United States Securities and Exchange Commission (SEC) sets the stage for a flurry of Bitcoin (BTC) exchange-traded funds (ETFs). In a recent note, JP Morgan analysts proposed that the SEC might need to reconsider its approval of a futures-based Bitcoin ETF to prevent the conversion of Grayscale Bitcoin Trust (GBTC) into a spot ETF. However, the analysts deem this scenario unlikely, as…

Bernstein Says Crypto ETFs Could Extend beyond Bitcoin and Ethereum

Bernstein analysts believe that diversification presents a significant commercial opportunity for asset managers. It allows them to enter the rapidly growing digital asset market and benefit from increased demand and market growth. In the world of finance, few innovations have garnered as much attention and excitement as the potential launch of crypto exchange-traded funds (ETFs). Bitcoin (BTC) has been the center of attention in finance for years, but the advent of crypto ETFs is poised to introduce a new era of diversified digital asset investments. Analysts at Bernstein believe that…

SEC Likely to Approve Bitcoin ETFs after Grayscale’s Win

The analysts noted that the SEC may have to approve Grayscale’s ETF proposal and potentially other spot-based Bitcoin ETFs in order to maintain regulatory consistency.  JPMorgan Chase & Co (NYSE: JPM) has predicted that the United States Securities and Exchange Commission (SEC) will be compelled to approve spot Bitcoin (BTC) Exchange-Traded-fund (ETF) applications from various asset managers following Grayscale’s favorable court ruling. Grayscale Investments, a prominent player in the crypto space, had been seeking SEC approval to convert its Grayscale Bitcoin Trust (GBTC) into an ETF for some time. However,…

Bitcoin ETFs have 75% chance of approval this year: Bloomberg analysts

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Bloomberg analysts have raised the probability for an approved spot Bitcoin exchange-traded fund (ETF) by the end of 2023, following a recent Grayscale victory against the federal securities regulator. In a Aug. 30 post on X (Twitter), Bloomberg senior ETF analyst Eric Balchunas said they have raised the chances to 75% from an earlier 65% — due to the unanimity and decisiveness at which the United States Court of Appeals Circuit reached its decision in the recent case. “The judges unanimously repudiated the SEC’s arguments, and the agency will struggle…

SEC’s first deadlines to approve 7 Bitcoin ETFs coming over the next week

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The United States Securities and Exchange Commission is facing its first deadlines to decide on seven new Bitcoin (BTC) spot exchange-traded fund applications with the latest being Sept. 4 amid its defeat to Grayscale Investments in a U.S. federal appeals court. Investment firm Bitwise will learn if its ETF will win the SEC’s approval on Sept. 1 while BlackRock, VanEck, Fidelity, Invesco and Wisdomtree will all be awaiting the SEC’s decision for their funds by Sept. 2, according to several SEC filings. Meanwhile, Valkyrie is set to hear back from…

Here’s what’s next for bitcoin ETFs after a court ruled in favor of Grayscale over the SEC

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The Securities and Exchange Commission’s approach to regulating the crypto industry took another blow on Tuesday in a court case that could prove to be a key milestone in the ongoing fusion of bitcoin and traditional asset management. A federal appeals court struck down the SEC’s order denying the conversion of the Grayscale Bitcoin Trust (GBTC) into an exchange traded fund. Specifically, the ruling swatted down the regulator’s argument that the spot and futures markets for bitcoin were separate enough to justify holding off direct crypto ETFs even though futures…

Exchange-Traded Funds (ETFs): Comprehensive Guide

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Exchange-Traded Funds (ETFs) have evolved as a popular and versatile investment tool in the fast-paced world of investing. These funds provide an easy approach for investors to gain access to a diverse portfolio of assets across asset classes and market sectors. Understanding the ins and outs of ETFs is critical whether you’re a seasoned trader or just starting out in the investment world. We delve into the world of Exchange-Traded Funds in this thorough guide, unraveling their mechanisms, benefits, types, and much more, arming you with the knowledge needed to…

SEC to rule on five Bitcoin ETFs before Labor Day weekend

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The SEC is set to make imminent rulings on Bitcoin ETF applications from five firms, with decisions expected before the Labor Day weekend. A cluster of filings for Bitcoin (BTC) exchange-traded funds (ETF) sits on the desk of the U.S. Securities and Exchange Commission (SEC), with decisions expected imminently—before the onset of the Labor Day holiday next week. Among the applicants are high-profile financial firms like Bitwise, BlackRock, VanEck, WisdomTree, and Invesco. Bitwise’s submission is slated…