Tag: SEC

Cryptocurrency investors eagerly await SEC ruling on bitcoin ETFs

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Omar Marques | Lightrocket | Getty Images Crypto investors are eagerly awaiting an imminent ruling from the SEC that will likely approve the trading of a spot bitcoin ETF, more than a decade after initial attempts were rejected.ย  13 companies have filed for a spot bitcoin ETF:ย  Grayscale Bitcoin Trust Ark/21 Shares Bitcoin Trust Bitwise Bitcoin ETF Trust BlackRock Bitcoin ETF Trust VanEck Bitcoin Trust WisdomTree Bitcoin Trust Valkyrie Bitcoin Fund Invesco Galaxy Bitcoin ETF Fidelity Wise Origin Bitcoin Trust Global X Bitcoin Trust Hashdex Bitcoin ETF Franklin Templeton Digital…

BlackRock $10 Million Bitcoin Purchase Will Happen Today, Expert Says SEC Is Backed Into A Corner

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The worldโ€™s largest asset manager, BlackRock, is set to make a significant Bitcoin purchase on January 5. This comes as Bloomberg analyst James Seyffart hinted that the Securities and Exchange Commission (SEC) has no choice but to approve the pending Spot Bitcoin ETFs finally.ย  BlackRock To Purchase $10 Million Worth Of Bitcoin As part of efforts to seed its Spot Bitcoin ETF, BlackRock will purchase $10 million worth of BTC on January 5. The asset manager had earlier scheduled this Bitcoin purchase for January 3. However, it was eventually postponed…

Valkyrie and ARK 21Shares file Bitcoin ETF registration of securities with SEC

Valkyrie and ARK 21Shares have recently submitted filings for spot Bitcoin ETFs, adding to the growing list of contenders seeking approval from the U.S. Securities and Exchange Commission. Valkyrie and ARK 21Shares have filed for 8-A registration of securities for a spot Bitcoin ETF with the SEC on Jan. 4, following the footsteps of Grayscale and VanEck earlier today and Fidelity, who filed yesterday. Lots of Bitcoin ETF issuers have amended their 8-A forms in recent weeksโ€ฆ โ“But what is an 8-A formโ€ฆ.โ“ SEC form 8-A is required by the…

SEC meetings point to potential listings on major exchanges

The U.S. Securities and Exchange Commission (SEC) may begin notifying the public of results of the spot Bitcoin (BTC) ETFs shortly. According to a Jan. 3 report in Fox Business, sources familiar with the matter say the first announcement of the approval of spot Bitcoin ETFs could come on Jan. 5, with trading beginning as early as next week. The news comes after an earlier Matrix report published on Jan. 2 predicted the SEC would deny applications. In their opinion, approvals will not happen until โ€” at the earliest โ€”…

Fidelity files registration of securities for its Bitcoin ETF with the SEC

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Fidelity Investments has filed registration of securities with the SEC for its spot Bitcoin ETF.ย  With over $4.5 trillion in assets, the firm has filed Form 8-A with the U.S. Securities and Exchange Commission (SEC) to register its Fidelity Wise Origin Bitcoin Fund. This filing indicates a move to make the fund a publicly traded security, a milestone for Fidelity and the broader acceptance of digital assets in traditional investment portfolios. Fidelityโ€™s Form 8-A filing | SEC The filing comes at a turbulent time, as the crypto market lost over…

SEC holds urgent meetings with Nasdaq and NYSE to discuss Bitcoin ETFs

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The SEC is holding meetings today with major exchanges, including the New York Stock Exchange, Nasdaq, and the Chicago Board Options Exchange (CBOE), regarding spot Bitcoin ETFs.ย  The information was revealed by a Fox Business journalist earlier today, bringing some sense of relief for the wider crypto community after crypto services firm Matrixport reported that the SEC would likely reject all ETF applications in January. This report triggered a major liquidation in todayโ€™s market, as the crypto market lost more than $540 million in just four hours.ย  ๐ŸšจSCOOP: The @SECGov…

Forget The SEC And Bitcoin ETF Approval Drama, Here’s Why Bitcoin Flash Crashed

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The recent flash crash of Bitcoin from over $45,500 to as low as $41,100 has sent shockwaves throughout the crypto community, sparking debate over the underlying causes. While some have attributed the crash to unconfirmed rumors that the US Securities and Exchange Commission (SEC) might, after all, not approve Bitcoin ETFs in January, The Wolf Of All Streets on X suggestsย a different explanation. Blame The High Funding Rate For The BTC Crash The analyst points to the ultra-high positive funding rate on perpetual futures contracts as the primary culprit. In…

SEC will reject all Bitcoin ETFs in January, says Matrixport

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Matrixport analysts expect the U.S. Securities and Exchange Commission (SEC) to reject all Bitcoin (BTC) spot ETFs in January. In the latest Matrix report, โ€œWhy the SEC will REJECT Bitcoin Spot ETFs againโ€, analysts predict that all applications for spot Bitcoin ETFs could receive approval in the second quarter of 2024. As a result, the price of BTC will fall to $36,000-$38,000 in January, and recommended that investors buy put options or even sell Bitcoin directly. Experts also recalled that the current five-member commissioner leadership, which is critical to ETF…

SEC to Reject Spot Bitcoin (BTC) ETF Proposals in January

โ€œAn ETF would certainly enable crypto overall to take off, and based on Genslerโ€™s comments in December 2023, he still sees this industry in need of more stringent compliance,โ€ Matrixport continued. โ€œFrom a political perspective, there is no reason to approve a bitcoin spot ETF that would legitimize Bitcoin as an alternative store of value.โ€ Source CryptoX Portal