“An ETF would certainly enable crypto overall to take off, and based on Gensler’s comments in December 2023, he still sees this industry in need of more stringent compliance,” Matrixport continued. “From a political perspective, there is no reason to approve a bitcoin spot ETF that would legitimize Bitcoin as an alternative store of value.” Source CryptoX Portal
CryptoX – Cryptocurrency Analysis and News Portal Some investors have bought the “No side shares” of the prediction contract to hedge against potential delays in the SEC’s approval of spot ETFs. Source The post Polymarket Traders See 89% Chance of SEC Approving Spot BTC ETF by Jan. 15 appeared first on CryptoX. CryptoX Portal
Speculations about the ETF approval’s potential effects on Bitcoin (BTC) have been widespread. Greeks.live, an options platform, provides insights into how the exchange-traded fund could influence the value of the leading cryptocurrency. Potential Bitcoin ETF approval imminent The U.S. Securities and Exchange Commission (SEC) is reportedly set to inform asset managers seeking to launch a spot Bitcoin (BTC) ETF about the approval status of their applications as early as next week. A seasoned trader, renowned for accurately predicting the year’s crypto breakout, now provides insights on Bitcoin’s optimal trajectory post potential…
According to a recent report from Reuters, the US Securities and Exchange Commission (SEC) may notify the asset managers looking to launch a spot Bitcoin ETF (exchange-traded fund) if their applications have been approved as soon as next week. SEC To Notify Applicants Of Its Decision By Next Week: Reuters On Saturday, December 30, Reuters reported that the SEC may notify the 14 Bitcoin ETF applicants if their applications will be approved by Tuesday or Wednesday next week. This move would come ahead of the January 10 deadline for the…
LUNC, the resilient token emerging from the tumultuous aftermath of Terra’s downfall, witnessed a notable 14% downturn, mirroring a substantial legal setback delivered by a U.S. District Court. This judicial decision favored the Securities and Exchange Commission (SEC) in their legal pursuit against Terraform Labs, the entity steering the Terra blockchain, injecting uncertainty into the fate of the beleaguered cryptocurrency. Harking back to the SEC’s assertions in February, the once-mighty stablecoin, LUNA, now lies at the heart of the controversy that unfolded in May 2022. The SEC contends that LUNA…
Invesco, Fidelity and BlackRock, as well as crypto-focused firms Valkyrie and Bitwise, revealed key details including which companies they would partner with, as well as fees their Bitcoin ETFs would charge if approved. Their so-called S-1 filings are now “ready to party” as Bloomberg ETF analyst Eric Balchunas said on X. Source
The Terraform boss was arrested and imprisoned in Montenegro over falsified documents after being on the run to escape his fate as the alleged mastermind behind the collapse of the blockchain. On Thursday, December 28, a US judge ruled against Terraform Labs and its CEO Do Kwon for violating federal securities laws in the lawsuit with the SEC. The verdict comes following the collapse of the Terra (LUNA) blockchain in May 2022, leading to the depegging of its algorithmic stablecoin TerraUST from its 1:1 benchmark to the US dollar and…
Hester Peirce, a commissioner with U.S. Securities and Exchange Commission (SEC), clapped back at her colleagues for imposing a $1.7 million fine on defi protocol BarnBridge DAO. Although I did not write a dissent (yet?), I voted against the action. It’s another example of the SEC’s imprecise legal reasoning in crypto cases, which only adds to the uncertainty for crypto projects in the US. — Hester Peirce (@HesterPeirce) December 23, 2023 BarnBridge DAO, along with its two founders — Tyler Ward and Troy Murray — agreed to settle charges that…
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BarnBridge failed to register its structured crypto product with the SEC, regulators alleged. Source