SEC’s Gensler remains mum on Bitcoin ETFs future after Grayscale setback
The Chairman for the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has refrained from detailing the future for spot bitcoin exchange-traded funds (ETFs). This comes in the wake of a court order directing the regulator to withdraw its opposition to an application from Grayscale Investments. Gensler, while addressing questions at a Securities Enforcement Forum […]
Grayscale ETF ruling triggers Bitcoin’s 7.6% daily gains
The implementation of a recent ruling regarding Grayscale’s Bitcoin ETF proposal is coinciding with considerable gains in the cryptocurrency market, including a 7.6% surge in Bitcoin’s daily value. A court mandate regarding Grayscale’s spot Bitcoin ETF proposal was issued on Oct. 23, followed by significant market gains. Grayscale aims to transform its GBTC fund into […]
Blackrock settles SEC charges for $2.5M amid anticipation for Bitcoin ETF review
Global fund manager BlackRock has agreed to settle charges by the U.S. Securities and Exchange Commission (SEC) by paying a fine of $2.5 million. The SEC alleged that BlackRock failed to accurately describe its investments in the entertainment industry, specifically in film company Aviron Group, LLC. The settlement comes as BlackRock awaits the SEC’s review […]
Global Bitcoin funds sees $57 Million inflow amid rising ETF interest
Global publicly traded crypto funds have received over $61 million in new capital, with a significant portion directed towards Bitcoin funds. These funds accounted for over 10% of all net deposits into crypto funds since the start of the year. This influx took place as Bitcoin’s price surged to $35,000, with investors eagerly waiting for […]
SEC ordered to reconsider Grayscale’s Bitcoin ETF application
The U.S. Court of Appeals has instructed the Securities and Exchange Commission (SEC) to reassess Grayscale’s Bitcoin ETF application. The court order follows a judgment made on August 29, 2023, against the SEC’s refusal to allow Grayscale’s Bitcoin Trust (GBTC) to convert into a Bitcoin ETF. Grayscale argued that the SEC’s decision was “arbitrary and […]
Blackrock’s Bitcoin ETF makes debut on DTCC website ahead of SEC approval
BlackRock’s much-awaited spot Bitcoin ETF, namely the iShares Bitcoin Trust, has surfaced on the Depository Trust and Clearing Corporation’s (DTCC) list, while still pending approval from the Securities and Exchange Commission (SEC). The DTCC, a company that provides post-trade clearance, settlement, custody and information services according to Nasdaq, now features the BlackRock fund’s ticker as […]
Bitcoin skyrockets over $35,000 amid buzz around Bitcoin ETFs
Bitcoin (BTC) experienced a significant surge in value, exceeding $35,000, spurred by the anticipation of Bitcoin exchange-traded funds (ETFs). The price of Bitcoin rapidly rose, hitting the $35,000 mark within minutes. This brings the cryptocurrency back to its May 2022 levels, a stark contrast to the industry’s previous slump. The mood in the crypto market […]
JPMorgan predicts SEC approval for spot Bitcoin ETFs
Spot Bitcoin exchange-traded fund (ETF) approvals could be on the horizon as JPMorgan predicts they may arrive ‘within months. Analysts at JPMorgan believe that the Securities and Exchange Commission (SEC) will soon greenlight multiple spot Bitcoin ETF applications. This comes after the SEC chose not to contest a recent court ruling in favor of Grayscale […]
Matrixport predicts Bitcoin to surge to $42K if Blackrock’s Bitcoin ETF gets green light
Crypto financial services provider, Matrixport, anticipates a significant Bitcoin (BTC) rally, potentially reaching $42K, driven by favorable macroeconomic factors and the possible approval of BlackRock’s Bitcoin ETF. Matrixport’s recent report highlighted the stellar performance of Grayscale Investments’ Bitcoin Trust (GBTC) shares, which have surged by 167% year-to-date, outperforming Bitcoin’s own 71% growth. The turning point, […]
Grayscale’s legal head foresees bright future for Bitcoin ETF
Grayscale Investments’ Chief Legal Officer, Craig Salm, has expressed confidence over the imminent arrival of a spot bitcoin exchange-traded fund (ETF). Salm voiced his optimism during a recent SiriusXM radio interview. The discussion followed the Securities and Exchange Commission (SEC)’s announcement that it would not appeal a court ruling mandating it to reconsider Grayscale’s bid […]