Global Surge in Bitcoin ETF Applications Post SEC's Approval
Post-SEC approval, global interest in Bitcoin ETFs surges. Hong Kong's VSFG plans a Q1 launch, yet to apply with the SFC. Market response mixed as Bitcoin prices fluctuate around $41,400.
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Post-SEC approval, global interest in Bitcoin ETFs surges. Hong Kong's VSFG plans a Q1 launch, yet to apply with the SFC. Market response mixed as Bitcoin prices fluctuate around $41,400.
Amid the Bitcoin ETF approval chaos, the SEC faces scrutiny over the mysteriously deleted approval tweet and alleged cybersecurity breach. Critics argue for a thorough investigation into the SEC's handling, emphasizing the need for clarity in its regulatory mandate. The ongoing battle among financial institutions to lower fees for spot Bitcoin ETFs adds another layer of competition to the unfolding situation.
Regardless of whether the U.S. ETF is approved tomorrow, as time goes by, the "Western World"-like crypto market will never return. In 2024, the encryption market will definitely be "blooming".
Former SEC Chair Jay Clayton predicts imminent approval of the first Bitcoin ETF in the U.S., highlighting market and infrastructure improvements.
Anticipation builds as SEC reviews spot Bitcoin ETFs, with major players like Grayscale and Fidelity in the lead. Market optimism reflects in Bitcoin's recent price surge. Decisions expected next week hinge on meticulous SEC reviews, potentially shaping the crypto market landscape.
Bitcoin has surged above the $45,000 mark, a level unseen in nearly two years, as the market anticipates the probable approval of the inaugural spot Bitcoin Exchange-Traded Fund (ETF) in the United States.
BlackRock and Bitwise revise Bitcoin ETF applications, signaling a proactive stance in aligning with SEC regulations.
The SEC appears closer to approving a spot Bitcoin ETF, with BlackRock's proposal adjustment and deepened SEC discussions signaling potential progress.
Pando Asset AG's recent filing for a spot Bitcoin ETF signals a strategic move in the competitive crypto landscape. The timing aligns with heightened anticipation of SEC approval, as Bitcoin experiences a notable rally. Pando's entry, alongside major players, underscores the evolving dynamics of the crypto market, presenting opportunities amid regulatory and economic uncertainties.
Grayscale Investments is actively pursuing SEC approval for its Grayscale Bitcoin Trust's conversion into a spot bitcoin ETF. Recent discussions with the SEC revolve around NYSE Arca's proposed rule change. Grayscale's persistent efforts, court mandates, and engagements with BNY Mellon showcase its commitment. GBTC outlines plans for listing and ongoing share issuance. The broader industry, including major players like BlackRock and Fidelity, is also navigating the SEC approval process for spot bitcoin ETFs.