Bitwise Asset Management has publicly pushed back against the SEC’s rationale for rejecting two Bitcoin spot exchange-traded funds, calling its reasoning “inaccurate and incomplete.” The asset manager claims the move is a step in the right direction for investor protection in the cryptocurrency space.
If a Bitcoin ETF is given the green light, it will mean that individuals will be able to view and respond to the asset’s movements just like any other stock or commodity. This could lead to greater institutional and consumer interest, with an influx of capital entering and exiting the Bitcoin market.
Franklin Templeton, one of the world’s largest asset managers, has initiated proceedings to launch a US-listed Bitcoin ETF. This comes as institutional demand for Bitcoin continues to surge.
Crypto markets have seen a slowdown in growth as U.S. lawmakers express concerns about the potential of a Bitcoin ETF. Secretary of the Treasury, Steven Mnuchin, and SEC Chairman, Jay Clayton, have joined Gensler in raising questions about the market’s high volatility and associated risks.
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Valkyrie CIO Karl Lo, predicted that the first US Bitcoin Exchange-Traded Fund (ETF) could be approved as early as 1st Quarter of 2024. Lo cited Bitcoin’s maturation “as a more legitimate asset class” as an important factor in reaching this milestone.
Grayscale, a digital asset investment firm, has scored a major legal victory against the U.S. Securities and Exchange Commission, making it more probable that a Bitcoin-based ETF will receive approval. JPMorgan strategists have concluded that the decision will give the SEC greater confidence in Digital Assets.
DAN: The Securities and Exchange Commission (SEC) has postponed its decision on BlackRock’s Bitcoin exchange-traded fund (ETF) proposal. The SEC has requested additional information from BlackRock, which is the world’s largest asset manager, before making […]
The Bitcoin market could soon face a setback in its quest to achieve an exchange-traded fund (ETF), warns Bloomberg, recommending that investors stay wary of the Federal Reserve’s caution when it comes to cryptocurrency investments.
DAN: Hashdex, a Brazilian asset management firm, has filed an application with the U.S. Securities and Exchange Commission (SEC) to launch a Bitcoin exchange-traded fund (ETF). The ETF will be based on an exchange-for-physicals (EFP) […]