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 postponed the decision on Grayscale's Bitcoin Trust's transformation into a spot Bitcoin ETF, leaving the status of the ETF and other related matters in uncertainty.
BlackRock, the world's largest asset manager, has filed a proposal to establish a Bitcoin exchange-traded fund (ETF), which could increase mainstream acceptance of Bitcoin investing and open up new investment opportunities if approved by the U.S. Securities and Exchange Commission (SEC).
Brazilian crypto asset management firm, Hashdex, has submitted an application to the SEC for approval to operate a Bitcoin exchange-traded fund (ETF) using spot Bitcoin acquired within the regulated CME market, in contrast to other firms' strategies of surveillance-sharing agreements with Coinbase, which it claims may not address the SEC's concerns.
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 U.S. District of Columbia Court of Appeals will soon rule on whether the SEC wrongly rejected Grayscale Investments' application to list a bitcoin exchange-traded fund, which could impact the approval of other bitcoin ETFs.
Bitcoin and other cryptocurrencies surged after Grayscale Investments won a court decision, increasing the likelihood of the first spot Bitcoin exchange-traded fund (ETF).
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.
Grayscale CEO Michael Sonnenshein celebrates the court victory over the SEC and anticipates converting Grayscale Bitcoin Trust into a Bitcoin ETF, potentially boosting crypto markets with billions in liquidity.
A federal appeals court ruling has opened the door for the launch of a spot Bitcoin exchange-traded fund (ETF), with a number of high-profile asset managers potentially being approved to enter the market, leading to increased competition and potential fee reduction for fund managers.
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.
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.
The Securities and Exchange Commission (SEC) may have suffered setbacks in its regulation-by-enforcement approach to the cryptocurrency industry, with the latest ruling in favor of Grayscale Investments potentially paving the way for the emergence of a bitcoin spot exchange-traded fund (ETF); however, the SEC could appeal the decision or find new ways to deny similar applications, and the lack of a regulated exchange for the bitcoin spot market remains a challenge. Despite court challenges, SEC Chair Gary Gensler is expected to continue pursuing his regulation tactics, while Congress and a potential Republican president in 2024 may play a role in shaping the regulatory environment for digital assets.
The Grayscale Bitcoin ETF decision is important for several reasons, as stated in an opinion piece by Daniel Kuhn from CoinDesk.
The Securities and Exchange Commission (SEC) is more likely to approve spot bitcoin ETF applications following a federal court ruling that highlighted the regulator's arbitrary treatment of similar products, potentially leading to the withdrawal of approval for futures-based bitcoin ETFs. However, while the approval of spot bitcoin ETFs may be closer, it is unlikely to have a significant impact on the crypto 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.
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.
Asset managers ARK Invest and 21Shares have applied for regulatory approval for an exchange-traded fund (ETF) that would directly hold ether (ETH), the second largest cryptocurrency, with custody provided by Coinbase Custody Trust Company.
Grayscale Bitcoin Trust (GBTC) has seen positive market trends and narrowing discounts to net asset value after a recent court victory, indicating a potential shift towards becoming a spot Bitcoin exchange-traded fund (ETF), according to Ark Invest.
Asset manager Franklin Templeton has filed an application with the SEC to launch a spot Bitcoin exchange-traded fund (ETF), joining other prominent financial institutions in seeking approval for similar products.
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.
Grayscale Advisors has filed for a new Ethereum futures exchange-traded fund (ETF) with the SEC, proposing to list and trade shares of the Grayscale Ethereum Futures Trust (ETH) ETF under the NYSE Arca Rule 8.200-E.
Grayscale, the digital asset manager, offers a range of products beyond its bitcoin trust, including trusts for ether, ether classic, zcash, and horizen, trading at significant discounts or premiums that may be of interest to investors.
