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.
The US Court of Appeals has once again delayed its decision on whether Grayscale can convert its Bitcoin Trust into a spot Bitcoin exchange-traded fund (ETF), causing uncertainty and leaving investors waiting for clarity.
A surge in global interest in acquiring Bitcoin has been observed, with Nigeria leading the way, as investors anticipate a potential rally driven by upcoming events in the crypto sphere and the approval possibility of the inaugural spot Bitcoin exchange-traded fund (ETF) by the SEC. Bitcoin's evolving role as a possible store of value is reflected in low exchange-held supplies, while technical analysis suggests a bearish sentiment but a potential reach of $26,500 and the $30,000 milestone.
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.
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 US Securities and Exchange Commission (SEC) has postponed its decision on three Bitcoin exchange-traded fund (ETF) applications from WisdomTree, Invesco, and Valkyrie, with new deadlines set for October.
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.
Bitcoin could potentially experience a significant increase of 10% to 20% if a spot BTC exchange-traded fund (ETF) is approved in the United States, according to analyst DonAlt, who believes the chances of approval are close to 100%.
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 and other cryptocurrencies experience a decline as the Securities and Exchange Commission slows down the decision process for crypto exchange-traded funds.
Bitcoin is trading near the $26,000 level and uncertainty about its next move suggests a limited downside in the near term, with hopes for approval of a spot Bitcoin exchange-traded fund by the SEC potentially providing support.
The recent court ruling regarding Grayscale Investments has brought the U.S. a step closer to having its first bitcoin exchange traded fund, leading to excitement and speculation in the cryptocurrency industry.
A Bitcoin ETF is likely to be approved in the US by the end of 2023, with recent developments indicating increased prospects of approval, potentially revitalizing Bitcoin and lifting the crypto market out of its bearish state.
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.
A court victory for Grayscale Bitcoin Trust may lead to its transformation into an exchange-traded fund, potentially providing a profitable opportunity for investors. However, the approval of the US Securities and Exchange Commission (SEC) remains uncertain, despite a recent favorable ruling.
The Federal Reserve's decision to maintain interest rates and raise its long-term forecast for the Federal Funds Rate surprised many market participants, causing a slight pullback in the stock and cryptocurrency markets while highlighting the need for investors to focus on the actual health and viability of companies and the utility of the crypto ecosystem. Additionally, the article speculates on the impact of the U.S. Securities and Exchange Commission's ruling on Bitcoin spot ETF applications and the potential for cryptocurrency to become a mainstream alternative investment.
The SEC's delay in approving a Bitcoin ETF is causing bearish pressure on the Bitcoin market, but traders can mitigate risks and take advantage of downturns by using TradeSanta's automated trading tools.
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 extended its deadline to consider the approval of a spot Bitcoin ETF offering from ARK 21Shares, setting a final deadline for January 10, 2024, as it takes the maximum time allowed to reach a decision on the matter.
The launch of Ethereum futures ETFs in the U.S. may be expedited due to the possibility of a government shutdown, with analysts suggesting that trading could begin as early as next week.
The Securities and Exchange Commission is still considering Bitcoin exchange-traded funds, but a potential government shutdown could cause delays.
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.
Spot Bitcoin ETFs are poised to be approved by the U.S. Securities and Exchange Commission, which would streamline institutional adoption of digital assets in the country and bring in fresh capital, as traditional financial institutions like BlackRock, Fidelity, and VanEck apply for spot Bitcoin ETF listings.
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.
US regulators are likely to approve all spot Bitcoin exchange-traded fund (ETF) applications at once, according to a former executive at BlackRock, due to the influential role of the investment titan in the industry.
The SEC's engagement with spot bitcoin ETF applicants and positive developments from BlackRock indicate a high chance of approval for bitcoin spot ETFs by the end of 2023 or the first quarter of 2024, potentially leading to a wave of institutional investment and redefining investment dynamics.
