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SEC Pushes Back Response Deadlines for Spot Bitcoin ETF Applications Amid Potential Shutdown

  • SEC extends deadlines to respond to spot bitcoin ETF applications from Ark 21 Shares and Global X due to potential government shutdown.

  • New deadline for Ark/21Shares is Jan. 10, 2023. Deadline for Global X is Nov. 21, 2022.

  • SEC has rejected past spot bitcoin ETFs over concerns about potential manipulation and investor protection.

  • Recent court ruling said SEC was "arbitrary and capricious" in past bitcoin ETF rejections.

  • Bipartisan House Financial Services Committee members sent letter to SEC Chair urging approvals of pending spot bitcoin ETFs.

coindesk.com
Relevant topic timeline:
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.
Ark Invest and 21Shares have filed with the SEC to introduce an Ethereum Futures ETF, while the approval for their collaborative Bitcoin ETF remains pending.
The US Securities and Exchange Commission is seeing a surge in proposals for crypto ETFs, including spot bitcoin ETFs and ether futures ETFs, which could have significant impacts on the adoption of cryptocurrencies, market moves, and the potential outperformance of various tokens.
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. 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 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 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 and major tokens have experienced losses as the U.S. Securities and Exchange Commission (SEC) delays key ETF decisions, dampening hopes of a long-term recovery.
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 approval of a Bitcoin exchange-traded fund is likely to be delayed for years if the US Securities and Exchange Commission takes a hard stance on the matter.
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 SEC is considering applications for spot crypto ETFs from Franklin Templeton and Hashdex, but there are delays in approving VanEck's and ARK's ether ETF applications.
The United States Securities and Exchange Commission (SEC) has postponed its decision on approving spot Ether exchange-traded fund (ETF) applications from ARK 21Shares and VanEck, extending the deadline to December 25 and December 26 respectively, while the New York Stock Exchange Arca and Cboe BZX Exchange also filed proposed rule changes for various crypto ETFs on September 27.
The U.S. Securities and Exchange Commission has delayed its ruling on the ARK 21Shares Bitcoin ETF application until January 2024, indicating that the first spot Bitcoin ETF is unlikely to launch before that time.
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.
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.
ARK Invest and 21Shares have amended their spot Bitcoin ETF filing, addressing concerns raised by the SEC, indicating progress towards approval.
The U.S. Securities and Exchange Commission (SEC) is expected to let the deadline run out on Grayscale Investments' application to convert its Bitcoin Trust (GBTC) to an ETF, as observers believe the agency will not contest the D.C. Circuit Court of Appeals' decision that criticized the SEC's rejection of the application, potentially paving the way for a spot bitcoin ETF.
The U.S. Securities and Exchange Commission (SEC) reportedly has no plans to appeal a court decision in favor of Grayscale Investments, requiring the SEC to review the firm's spot Bitcoin exchange-traded fund (ETF) application, although this does not necessarily mean the application will be approved.
The U.S. Securities and Exchange Commission (SEC) will not appeal a court ruling that directs it to reconsider Grayscale's application to launch a Bitcoin ETF, potentially opening the door for such products to be approved and allowing investors to gain exposure to Bitcoin without owning it directly.
ARK Invest CEO Cathie Wood believes that the Chair of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, is blocking a spot market Bitcoin exchange-traded fund (ETF) despite the agency's knowledge and understanding of Bitcoin. Wood suggests that multiple spot Bitcoin ETFs may be approved in the future.
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.
Ark Invest CEO Cathie Wood has provided an update on the status of Bitcoin ETFs, stating that multiple approvals could occur by the end of 2023 or early 2024, with Ark Invest's filing having a final deadline of January 10, making them first in line for approval.
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.
If the U.S. Securities and Exchange Commission approves a spot Bitcoin exchange-traded fund (ETF), a top analyst predicts that Bitcoin could reach levels not seen since November 2021, potentially appreciating by over 100%.
The D.C. Circuit Court of Appeals has ruled that the U.S. Securities and Exchange Commission (SEC) must reverse its rejection of Grayscale's spot bitcoin ETF application, bringing the case to a close and giving the SEC the opportunity to approve or reject the application based on other grounds.
Cryptocurrency prices surged as bitcoin reached its highest level since May 2022, driven by hopes of a spot bitcoin exchange-traded fund (ETF) launching soon after the SEC declined to challenge Grayscale Investments' court loss. Several firms, including ARK Invest, VanEck, BlackRock, and Coinbase, have filed for bitcoin ETFs, and there is significant institutional demand for a spot bitcoin ETF with expectations of SEC approval.
The U.S. Securities and Exchange Commission (SEC) has multiple filings for potential bitcoin exchange-traded products under consideration, including an application from Cathie Wood's ARK Invest; approval of a spot bitcoin exchange-traded fund (ETF) could drive increased demand for the cryptocurrency.