Former SEC attorney, John Reed Stark, believes that the chances of the SEC approving a Bitcoin spot ETF are slim due to the lack of regulatory oversight and transparency in the crypto market, citing a CNBC report that shows the industry is rigged and susceptible to manipulation.
Crypto traders are eagerly awaiting a ruling on the Grayscale Trust vs SEC case, which may require the SEC to re-review the application for a spot Bitcoin ETF, potentially leading to a 240-day delay.
A series of Bitcoin Exchange Traded Fund (ETF) applications have been submitted to the SEC, potentially offering investors a more accessible way to invest in cryptocurrency and bridging the gap between traditional finance and digital assets.
A federal court has ruled that the U.S. Securities and Exchange Commission (SEC) must review its rejection of Grayscale Investments' attempt to convert the Grayscale Bitcoin Trust into an ETF, potentially opening the door for the U.S.'s first spot bitcoin ETF.
The U.S. Court of Appeals has criticized the Securities and Exchange Commission (SEC) for acting "capriciously" and "arbitrarily" in denying a spot market bitcoin exchange-traded fund (ETF), potentially leading to a review of the previously rejected application and challenging the SEC's authority over cryptocurrencies.
The SEC is facing deadlines to decide on seven new Bitcoin spot ETF applications, with analysts stating that the best-case scenario is approval, but the SEC may also exercise its right to appeal.
The average trade size of Bitcoin on most exchanges increased significantly following a court ruling that the SEC must review its rejection of Grayscale Investments' attempt to convert the Grayscale Bitcoin Trust into an ETF, suggesting increased activity by large traders. Additionally, Bitcoin's price climbed over 7% as market confidence in a bitcoin spot ETF approval grew.
Bitcoin led the cryptocurrency market higher following Grayscale's victory in the lawsuit against the SEC, but analysts caution that the victory does not guarantee the approval of a spot Bitcoin ETF.
Bloomberg ETF analysts have increased the probability of an approved spot Bitcoin ETF by the end of 2023 to 75% following a recent Grayscale victory against the SEC, with approvals estimated to reach 95% by Q4 2024, making a denial politically untenable.
The U.S. Securities and Exchange Commission (SEC) has delayed its decision on spot bitcoin ETF applications until October, causing a 4.1% drop in bitcoin's value.
The United States Securities and Exchange Commission (SEC) has delayed BlackRock's application for a Bitcoin exchange-traded fund (ETF), pushing the decision deadline to October 17th.
The U.S. SEC has delayed a decision on all spot bitcoin ETF applications, causing Bitcoin and major tokens to lose weekly gains, while a New York court classified bitcoin and ether as commodities, dismissing a proposed class-action lawsuit against Uniswap.
Former SEC chair Jay Clayton believes that the approval of spot Bitcoin exchange-traded funds (ETFs) is inevitable, as major financial institutions backing BTC investment vehicles represent a shift in how retail investors can access crypto. The SEC has 45 days to approve, deny, or delay ETF applications from 7 major firms.
Bitcoin's volatility has increased as the market reacts to news regarding the United States Securities and Exchange Commission's delay on Bitcoin exchange-traded fund (ETF) applications, with Bloomberg analysts remaining optimistic about the possibility of Bitcoin ETFs being approved in 2023.
Bitcoin may experience a bull market if a spot-based Bitcoin exchange-traded fund (ETF) is approved around the time of the next halving, leading to a supply and demand shock in the cryptocurrency market.
Approval of a Bitcoin exchange-traded fund (ETF) in the United States could have a severe impact on major cryptocurrency exchanges, with ETFs offering advantages such as lower fees and the handling of digital assets and tax efficiency for consumers, according to Bloomberg analyst Eric Balchunas.
Analysts from crypto research firm K33 claim that the potential approval of a spot Bitcoin ETF is underestimated by the market, stating that it would attract significant inflows and increase buying pressure for Bitcoin, while a rejection would have a negligible impact on prices; they also predict that Ether is likely to outperform Bitcoin in the next two months.
The market is underestimating the potential impact and value of Spot Bitcoin ETFs, with analysts arguing that approval would lead to significant financial inflows and buying pressure, and that it is a good time to enter the market and start building a crypto portfolio, despite regulatory challenges. Ethereum could also benefit from a futures-based ETF listing, but there is caution about the SEC potentially classifying ETH as a security. Overall, the global crypto adoption is dependent on market maturity, regulatory intervention, and consistent long-term adoption.
The introduction of a bitcoin ETF could increase accessibility, liquidity, and institutional adoption, potentially stabilizing prices and attracting capital from mainstream investors, similar to the impact of gold ETFs on the gold market.
Bitwise has filed an amendment to its Bitcoin spot ETF application, arguing that the CME Bitcoin futures market is a "regulated market of significant size" and plays a crucial role in Bitcoin's price discovery, countering the SEC's argument against approving a Bitcoin ETF.
A bipartisan group of lawmakers is urging the U.S. Securities and Exchange Commission (SEC) to approve bitcoin exchange traded funds (ETFs), arguing that the SEC should follow court rulings and cease efforts to block regulatory approval.
The US Securities and Exchange Commission (SEC) has further delayed the approval of Bitcoin spot ETF applications, setting January 10, 2024, as the final deadline for the Ark/21Shares ETF application, potentially dampening hopes for a spot ETF to be approved by the end of the year.
The approval of a spot bitcoin ETF by the SEC could lead to the approval of a spot ether ETF as well, presenting a potentially greater opportunity for Grayscale's Ethereum Trust due to its larger discount and Ethereum's better upside as a leading platform for Web3 development.
The US Securities and Exchange Commission has further delayed its review of applications for the first Bitcoin exchange-traded fund (ETF) from BlackRock, Invesco, and others, despite having until mid-October to make a decision.
Investor inflows into AI-focused exchange-traded funds (ETFs) have slowed down due to concerns over high U.S. interest rates and market volatility, but long-term prospects for the sector remain optimistic.
Former BlackRock managing director Steven Schoenfield predicts that the U.S. Securities and Exchange Commission (SEC) will approve a Bitcoin spot ETF within three to six months, and believes that a potential approval could lead to a significant inflow of $150 to $200 billion into Bitcoin investment products over three years.
Bitcoin and other cryptocurrencies have been affected by the Federal Reserve this year, potentially leading to a difficult situation for bitcoin prices, but a former BlackRock managing director predicts that the U.S. SEC will approve a bitcoin spot ETF within the next few months.
The CoinDesk Market Index (CMI) declined by -11% in the past quarter, with Bitcoin outperforming by -10.9% and Ether underperforming at -12.5%; however, Bitcoin and Ether have still shown impressive gains of 64% and 41% respectively for the year, highlighting their resilience as top-performing assets. Regulatory pressure on alternative tokens continues to drive a bifurcation in the crypto market between Bitcoin and Ether and other digital asset protocols, while the computing and DeFi sectors were relative outperformers in Q3 2023. The reduced level of risk, lower volatility, and decreased correlation with traditional equities suggest a maturation of the market or market illiquidity. Rising bond yields and tightening financial conditions may pose headwinds for crypto price appreciation, but the approval of a Bitcoin spot ETF could be a catalyst for breaking through these macroeconomic headwinds, enabling broader investor access and institutional adoption.
JP Morgan analysts assert that the approval of a spot bitcoin exchange-traded fund (ETF) could lead to a rally in the BTC mining industry, which is currently threatened by record-high hashrates and an upcoming block reward halving, and they recommend mining operators that offer the best value, such as CleanSpark and Iris Energy.
Approval of spot-based Bitcoin exchange-traded funds (ETFs) is partially priced in, leading to Bitcoin outperforming other cryptocurrencies, according to Coinbase Institutional, but once the ETFs are approved, Bitcoin's edge over the market may diminish.
Crypto traders anticipate the approval of a spot bitcoin ETF to revive the market, while major tokens like XRP and Solana's SOL stabilize following a period of decline.
Bitcoin and other cryptocurrencies experience a surge as traders anticipate the approval of a Crypto ETF by the Securities and Exchange Commission.
The US SEC's decision not to appeal against a ruling rejecting a spot BTC ETF indicates evolving regulatory dynamics in the crypto market and could potentially lead to the approval of more spot bitcoin ETFs in the US, narrowing the gap with Europe and Canada.
The U.S. Securities and Exchange Commission (SEC) has run out of time to appeal a court ruling that criticized its biased decision in approving a futures-based ETF while denying a similar spot market-based ETF, making the likelihood of a spot market bitcoin ETF listing by the end of the year almost certain, which would have significant implications for the crypto industry and potentially raise bitcoin's price.
The U.S. Securities and Exchange Commission (SEC) is exhibiting a change in attitude towards ARK Invest's application for a Bitcoin exchange-traded fund (ETF), engaging in a healthy exchange of information and potentially bringing institutional interest into Bitcoin once approved.
Fidelity has amended its Bitcoin ETF application and emphasizes the risks associated with the product, as market analysts predict that a Bitcoin ETF is closer to approval, which could bring fresh capital into the market. However, concerns about the volatility of the crypto market and regulatory scrutiny remain. Several major Wall Street players have also applied for a Bitcoin ETF, and analysts believe there is a 90% chance of approval in January 2022.
The false report of the SEC approving a Bitcoin ETF caused a price spike and revealed bullish sentiment in the options market, indicating potential interest and optimism for ETF approval.
Bitcoin experienced a brief rally after news of the SEC approving a Bitcoin ETF turned out to be fake, revealing that price gains expected from an ETF approval were not already accounted for, while social media speculation continues regarding when the SEC will finally approve a Bitcoin ETF and New York's attorney general's lawsuit against Genesis raises questions about its subsidiary, Grayscale's chances of landing a Bitcoin ETF.
