The United States Securities and Exchange Commission is facing its first deadlines to decide on seven new Bitcoin (BTC $27,468) spot exchange-traded f
The United States Securities and Exchange Commission is facing its first deadlines to decide on seven new spot exchange-traded fund applications, with the latest being Sept. 4 amid its defeat to Grayscale Investments in a U.S. federal appeals court.
Investment firm Bitwise will learn if its ETF will win the SEC’s approval on Sept. 1 while BlackRock, VanEck, Fidelity, Invesco and Wisdomtree will all be awaiting the SEC’s decision for their funds by Sept. 2, according to several SEC filings.List of recent Bitcoin spot ETF applicant filing dates and deadlines. Source: Bloomberg
The U.S. Court of Appeals ruled on Aug. 29 that the SEC’s rejection of Grayscale’s application to convert its Grayscale Bitcoin Trust into a spot Bitcoin ETF was “arbitrary and capricious” — but this doesn’t mean the SEC must approve Grayscale’s application or others in the future, says Bloomberg ETF analyst James Seyffart.
In an Aug. 29 Bloomberg interview, Seyffart explained that Grayscale’s win “definitely” increases the odds of a successful outcome for the next wave of applicants. He isn’t sure when that day may come, though, as the SEC can delay its decisions and has two more proposed deadlines for each fund before being forced to make a final decision on the 240th-day post-filing.99.99999% of the world doesn't know that the SEC has to decide on 7 BTC ETFs within the next 3 days:
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
SEC's first deadlines to approve 7 Bitcoin ETFs coming over the next weekIn under a week, the SEC is facing the first deadlines for deciding on seven Bitcoin spot ETF applications from BlackRock, VanEck, Fidelity and others following the regulator's court loss to Grayscale over its spot ETF application.
Leer más »
Bitcoin hits two-week peak after Grayscale spot bitcoin ETF ruling By ReutersBitcoin hits two-week peak after Grayscale spot bitcoin ETF ruling
Leer más »
Court Rules SEC Must Review Rejection of Grayscale's Bitcoin ETF Bid, Bitcoin Jumps 5%'The Hash' tackles today's hot topics, including a federal court ruling that the SEC must review its rejection of Grayscale Investments' attempt to convert the Grayscale Bitcoin Trust (GBTC) into an ETF. Bitcoin is surging on the news. Grayscale and CoinDesk are both owned by DCG. Separately, the SEC issued its first NFT-related enforcement action. And, some former FTX users are getting hit by a new phishing attack on their FTX-registered emails.
Leer más »
Court Rules SEC Must Review Rejection of Grayscale's Bitcoin ETF Bid, Bitcoin Jumps 5%The most valuable crypto stories for Tuesday, August 29, 2023.
Leer más »
Coinbase shares jump 14% amid market revelry over Grayscale winCoinbase shares surged on the expectation that spot bitcoin ETFs will become a reality, which would be a boon for the company.
Leer más »
Are bitcoin ETFs coming? Here’s what Grayscale’s court win means for the crypto industryA U.S. federal court on Tuesday ordered the Securities and Exchange Commission to vacate its rejection of Grayscale Investments’ application to convert its...
Leer más »