ETH ETF Approval Could Lay the Groundwork for Solana ETF and Commodity Classification
If an ETH ETF gets the green light, changes in the regulatory and political landscape could increase the chances of approval for the Solana ETF.
JinseFinanceIf an ETH ETF gets the green light, changes in the regulatory and political landscape could increase the chances of approval for the Solana ETF.
JinseFinanceCoinbase supports Grayscale's Ether ETP, citing Ethereum's commodity status and market robustness, urging SEC approval for regulatory consistency.
Huang BoAmid 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.
SanyaFormer SEC Chair Jay Clayton predicts imminent approval of the first Bitcoin ETF in the U.S., highlighting market and infrastructure improvements.
Cheng YuanThe cryptocurrency market experienced a surge in trading volume surpassing $40 billion on January 3, 2023, amid ongoing concerns regarding potential SEC approval of Bitcoin ETFs. Despite uncertainties and market patterns favoring sellers, investor optimism regarding regulatory developments remains. However, the unpredictable nature of the crypto market suggests a future that is uncertain, notwithstanding the potential institutional influx if SEC approves Bitcoin ETFs.
Huang BoThe entire crypto market is looking forward to the approval of the ETF, which is seen as a bullish event as it will open up institutional inflows into Bitcoin, thereby generating continued buying pressure. Golden Finance summarizes optimistic and pessimistic attitudes as follows.
JinseFinancePando 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.
BerniceGrayscale 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.
Huang BoBlackRock, the world's largest asset manager, appoints Dennis Quah as Singapore Wealth head to strengthen its presence in Asia.
BeincryptoBailey, the CEO of BTC Inc. and a board member at the University of Alabama believes that BlackRock’s entry into the Bitcoin ETF market could tip the scales in favor of regulatory acceptance.
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