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.
SanyaIf the SEC does reject spot ETF applications, expect all applicants to sue the regulator
JinseFinanceThe U.S. Securities and Exchange Commission denied Bitcoin ETF approval after an alleged hack compromised its social media account. The incident triggered a surge and subsequent drop in Bitcoin prices, raising concerns about cybersecurity and prompting calls for increased accountability and security measures in regulatory bodies.
JoyFormer SEC Chair Jay Clayton predicts imminent approval of the first Bitcoin ETF in the U.S., highlighting market and infrastructure improvements.
Cheng YuanAnticipation 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.
BerniceThe 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 SEC appears closer to approving a spot Bitcoin ETF, with BlackRock's proposal adjustment and deepened SEC discussions signaling potential progress.
Huang BoGrayscale 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 Bo21Shares submitted the spot Bitcoin ETF application with Ark Investment Management in June 2021 for listing on the Cboe BZX Exchange.
CointelegraphLast month, the watchdog gave the thumbs-up to Teucrium’s Bitcoin futures ETF, which is the first such vehicle to be approved under the ’33 Act.
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