
April 22nd, 2025
Over the past decade, the SEC has rejected as many as 30 spot Bitcoin ETF applications from firms such as Gemini, Fidelity, and WisdomTree.
Coinbase will now join market surveillance sharing for Cboe ETFs even as market sentiments suggest BlackRock will win SEC approval.
According to Grayscale, the only way to eliminate SEC’s unequal treatment of BTC ETPs is “to allow proposed spot bitcoin ETPs like Grayscale’s to begin trading”.
According to the analyst, Bitcoin has a better chance of being valuable and stable as it has a fixed and constant supply compared to other forms of money.
The report acknowledges that physically-backed Bitcoin ETFs offer certain advantages over futures-based funds.
At the beginning of the week, Coinbase generated significant buzz with its announcement of potential collaborations with several asset managers.
The price of Bitcoin could continue its way upwards as the SEC mulls spot ETF applications, leading to a new 2023 high for the king coin.
Fink believes that a spot Bitcoin ETF has the potential to be as revolutionary for the financial sector in general as traditional ETFs were for the mutual fund industry.
While the Binance.US market share remains on the downside, the Coinbase share has somehow managed to appreciate.
There is a recorded rally in some Bitcoin stocks as the push for a spot BTC ETF continues with Cboe submitting multiple refilings.
The Nasdaq exchange refiled the Bitcoin ETF application after the SEC insisted the earlier documents were not clear despite being issued by the BlackRock investment fund manager.
The Gemini founders filed for the first Bitcoin ETF with the US SEC ten years ago, which was rejected for almost the same reason the recent BlackRock and Fidelity products were dismissed.
Following BlackRock’s growing chance of an approval, Fidelity Investments has submitted another application for a spot Bitcoin ETF.
Cboe has amended its spot Bitcoin ETF proposal to include an SSA agreement for market surveillance, to prevent fraudulent activity.
Ledger launched an institutional-grade trading network to meet the risk management and regulatory requirements of institutions.