Tag: SEC

SEC approves rule changes that pave the way for bitcoin ETFs

boss

The U.S. Securities and Exchange Commission on Wednesday approved rule changes to allow the creation of bitcoin exchange-traded funds in the U.S., a long-awaited move that will give regular investors access to the controversial and volatile cryptocurrency. The decision will likely lead to the conversion of the Grayscale Bitcoin Trust, which holds about $29 billion of the cryptocurrency, into an ETF, as well as the launch of competing funds from mainstream issuers such as BlackRock’s iShares and Fidelity. The first funds are poised to begin trading Thursday. The approval may…

SEC Approves All 11 Spot Bitcoin ETFs, BTC Price Holds Steady At $46,000

boss

In a groundbreaking development for the cryptocurrency and Bitcoin market, the United States Securities and Exchange Commission (SEC) has approved all 11 spot Bitcoin ETFs submitted by the world’s largest asset managers.  Bitcoin ETFs Align With Exchange Act Standards In its official filing, the SEC stated that each proposal sought to list and trade shares of a trust that would hold spot Bitcoin, either wholly or partially.  Importantly, the commission found that the proposals were consistent with the provisions of the Exchange Act and the applicable rules and regulations governing…

SEC approves spot Bitcoin ETF on accelerated basis

boss

The United States Securities and Exchange Commission (SEC) approved multiple spot Bitcoin ETFs on Jan. 10. According to an official SEC filing, spot Bitcoin ETFs have been approved for listing on all registered national exchanges in the U.S., including the Nasdaq, NYSE, and CBOE, following a decade-long hunt for these products. The approval means ETFs will go live in trading at the CBOE from 9 am on Jan. 11 when the U.S. stock market opens 11 issuers were mentioned in the SEC’s approval filing, issuing the green light to list…

Bitcoin ETFs Win SEC Approval, Bringing Easier Access to Biggest Cryptocurrency

boss

About a dozen companies, including BlackRock, Fidelity and Grayscale, sought to create bitcoin (BTC) ETFs. In recent days they’ve announced – and, in some cases, slashed – the fees they plan to charge investors, suggesting a fierce battle to collect investors’ money is ahead. These are spot ETFs, meaning they hold bitcoin itself, versus the already-approved bitcoin futures ETFs, which hold derivatives contracts tied to BTC. Original

SEC Posts Order Approving Bitcoin ETFs, And Then It Disappears From Website

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

CBOE announces the listing of several Bitcoin ETFs pending SEC approval

boss

The Chicago Board Options Exchange has extended its approval for listing several spot Bitcoin ETFs, pending the final nod from the SEC. This announcement was disclosed in a letter to the SEC, indicating the potential listing of Bitcoin ETFs from prominent investment firms, including VanEck, Fidelity, Franklin Templeton, ARK Invest, and Invesco Galaxy. Leaked official email from Cboe This decision highlights the advanced stage of ETF proceedings. The Chicago Board Options Exchange’s (CBOE) proactive stance is geared towards accelerating the registration of these securities under Rule 12d1-2 of the Securities…

Bitcoin price dips as SEC denies approving spot ETF

boss

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. A wave of confusion has swept the crypto market after a cyber security blunder on the U.S. SEC’s X account. Currently, Bitcoin is trading at $45.9K, with the decision on the ETFs still uncertain. Let’s take a look at how the Bitcoin price could react next. Apprehension grows amid ETF false start On Jan. 9, the official U.S. SEC X account “falsely” announced that they had approved all the…

‘SEC Chairman on the Brink of Second ETF Approval’ Gets Embedded Into Bitcoin Network Forever

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

SEC Mishap Triggers $220 Million In Crypto Liquidations

boss

On Tuesday, the crypto market was taken by storm when a tweet emerged from the official X (formerly Twitter) account of the United States Securities and Exchange Commission (SEC) saying all Spot Bitcoin ETF applications had been approved. This had been initially followed by a surge in price but this was short-lived as the price would crash shortly after. The reason for this was because Gary Gensler, chairman of the Commission, revealed that the tweet was fake and the regulator’s social media account had been compromised. SEC Hack Triggers $220…