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SEC Chair Gensler Reveals Regulator Is ‘Taking a New Look’ at Spot Bitcoin ETF Filings
16.12.2023
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has revealed that the regulator is taking a new look at spot bitcoin exchange-traded fund (ETF) applications based on recent court rulings. “We had in the past denied a number of these applications, but the courts here in...
SEC’s Dialogue With Wall Street Behemoth BlackRock Regarding Spot Bitcoin ETF Application Continues – Approvals Coming in January?
15.12.2023
BlackRock Office Officials from the US Securities and Exchange Commission (SEC) met with three employees of BlackRock on Thursday to discuss the asset manager’s application to set up a spot Bitcoin Exchange Traded Fund (ETF), as per a memorandum released by the SEC on Friday. Blackrock met with...
SEC Chair Gensler Discusses Impact of Court Rulings on Reevaluating Bitcoin ETF Decisions
15.12.2023
Source: Pixabay / sergeitokmakov The U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler discussed the SEC’s evolving approach towards spot Bitcoin exchange-traded fund (ETF) applications, acknowledging the influence of recent judicial decisions. In a recent interview with CNBC...
SEC Chair Gensler: We Do Things According to Our Authorities and How Courts Interpret Them
15.12.2023
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has affirmed that the securities regulator acts according to its authorities and how the courts interpret them. This includes how the agency plans to deal with spot bitcoin exchange-traded fund (ETF) applications, he noted. Gensler...
SEC Meets With Blackrock, Fidelity, Franklin Templeton, and Grayscale to Discuss Their Spot Bitcoin ETF Applications
14.12.2023
The U.S. Securities and Exchange Commission (SEC) has held multiple meetings with spot bitcoin exchange-traded fund (ETF) issuers regarding their applications. “The SEC is busier than Santa’s elves,” said a Bloomberg ETF analyst, noting that Blackrock, the world’s...
Skybridge Founder Sees Bitcoin as Multi-Trillion-Dollar Asset — Confident Jamie Dimon Will Change His Tune About BTC
13.12.2023
Skybridge Capital founder Anthony Scaramucci has predicted a multi-trillion-dollar future for bitcoin, independent of the U.S. Securities and Exchange Commission (SEC)’s spot bitcoin exchange-traded fund (ETF) decision. He also urged Senator Elizabeth Warren to learn more about Bitcoin...
Financial Giant Fidelity Discusses Spot Bitcoin ETF Application With SEC
11.12.2023
Financial services giant Fidelity recently met with the U.S. Securities and Exchange Commission (SEC) regarding its spot bitcoin exchange-traded fund (ETF) application. Like Blackrock, the world’s largest asset manager, Fidelity appears to be pushing to use the in-kind creation model for...
BTC Dev Wants to ‘Fix’ Ordinal Inscription ‘Exploit,’ Blackrock Updates ETF Filing, and More — Week in Review
10.12.2023
BTC developer Luke Dashjr wants to “fix” Bitcoin Ordinal inscriptions, as he views them as exploitative, dividing the crypto community. In other news, in a spot bitcoin exchange-traded fund (ETF) filing update, monolithic asset manager Blackrock has noted the possibility of BTC being...
Bitcoin Price Prediction as Option Traders Bet on $50,000 BTC by January – Are They onto Something?
9.12.2023
As Bitcoin (BTC) hovers around significant price points, option traders are betting on the cryptocurrency reaching $50,000 by January. This optimism coincides with heightened anticipation for the approval of a spot Bitcoin Exchange-Traded Fund (ETF), a development that’s expected to further...
Bitcoin ETF in Q1 and Bitcoin Price All-Time High in Q4: VanEck Predictions 2024
8.12.2023
Source: DALL·E VanEck, a prominent investment management firm, has released a set of 15 cryptocurrency predictions for the year 2024, casting a spotlight on potential significant developments in the digital asset space. The firm’s report offers a detailed outlook, highlighting key predictions...
Blackrock’s Spot Bitcoin ETF Filing Update Addresses Potential Classification of BTC as a Security by SEC
7.12.2023
Blackrock, the world’s largest asset manager, has warned in its latest spot bitcoin exchange-traded fund (ETF) filing update of the potential for bitcoin to be classified as a security by the U.S. Securities and Exchange Commission (SEC), state regulators, or court rulings. “If...
Blackrock and Bitwise Update Their Spot Bitcoin ETF Filings Amid SEC Approval Hype
6.12.2023
Blackrock, the world’s largest asset manager, and Bitwise have filed an amendment to their spot bitcoin exchange-traded fund (ETF) applications with the U.S. Securities and Exchange Commission (SEC). The SEC has held meetings with exchanges and spot bitcoin ETF issuers regarding their applications....
Trillion-Dollar Asset Manager Franklin Templeton: There’s Obviously Demand for Bitcoin
5.12.2023
The CEO of Franklin Templeton, a $1.33 trillion asset manager, says there’s “obviously” a demand for bitcoin, noting that a spot bitcoin exchange-traded fund (ETF) is “a better way” to access the cryptocurrency. The executive added: “It’s going to unlock nontraditional, noncorrelated...
Grayscale’s Bitcoin Fund Operations Get Set for ETF Launch; Toncoin and InQubeta Gear Up for Significant Gains
4.12.2023
Grayscale, which manages the Grayscale Bitcoin Trust (GBTC), was in the news after it updated its trust agreement for the first time since 2018. According to reports, the move is to optimize the GBTC fund and reportedly upgrade it as a spot Bitcoin exchange-traded fund (ETF). Apart from...
Big Names Talk Potential Impact of ETFs on BTC Price, Solo Miner Pulls Down Lucky Block Reward, and More — Week in Review
3.12.2023
Global investment bank JPMorgan has noted that SEC approval of a spot bitcoin exchange-traded fund (ETF) could “put severe downward pressure on bitcoin prices.” Conversely, Standard Chartered Bank sees “price upside” related to such an approval from the United States...
Blackrock Proposes ‘Revised In-Kind Model’ for Spot Bitcoin ETF to Resolve SEC’s Concerns
1.12.2023
Blackrock, the world’s largest asset manager, has held another meeting with the U.S. Securities and Exchange Commission (SEC) to discuss its spot bitcoin exchange-traded fund (ETF) application. The firm has proposed a “revised in-kind” model for its spot bitcoin ETF that...
GBTC Could See $2.7 Billion Outflow Upon ETF Conversion, JPMorgan Analysts Say
24.11.2023
Source: Pixabay / petre_barlea JPMorgan analysts have reported that the Grayscale Bitcoin Trust (GBTC) could experience outflows of at least $2.7 billion if it is converted into a spot Bitcoin exchange-traded fund (ETF). The report from JPMorgan suggests that traders have been buying GBTC shares...
Glassnode Analysis Reveals Spot Bitcoin ETF Approval Could Unleash $70B Capital Influx
24.11.2023
The approval of a spot bitcoin exchange-traded fund (ETF) in the U.S. could inject substantial new capital into the cryptocurrency market. Glassnode’s latest analysis on the subject provides a deep dive into how spot bitcoin ETFs could reshape market demand and supply, signaling a new...
Grayscale Updates Bitcoin ETF Prospectus After Discussing with SEC
23.11.2023
Grayscale continues efforts to secure regulatory approval for a Bitcoin ETF. Image by Ascannio, Adobe Stock. On Wednesday, digital asset manager Grayscale submitted an updated prospectus to the Securities and Exchange Commission (SEC) for converting its Grayscale Bitcoin Trust into a spot bitcoin...
SEC Meets with Grayscale to Discuss Spot Bitcoin ETF Listing
22.11.2023
Source: Grayscale The U.S. Securities and Exchange Commission (SEC) has recently held discussions with Grayscale about converting the Grayscale Bitcoin Trust (GBTC) into its spot Bitcoin exchange-traded fund (ETF). A memorandum published by the SEC indicates that officials from the agency’s...