• Latest
  • Trending
US regulator puts approval of Bitcoin ETFs on ice

US regulator puts approval of Bitcoin ETFs on ice

October 4, 2021
Shiba Inu (SHIB) Burn Rate up 704% as Price Crosses Crucial Threshold

Shiba Inu (SHIB) Burn Rate up 704% as Price Crosses Crucial Threshold

November 10, 2023
StealthEX Integrates Bitcoin Lightning for Enhanced Crypto Trading

StealthEX Integrates Bitcoin Lightning for Enhanced Crypto Trading

November 10, 2023
UBS Group’s Wealthy Clients Can Now Trade Some Crypto ETFs in Hong Kong: Bloomberg

UBS Group’s Wealthy Clients Can Now Trade Some Crypto ETFs in Hong Kong: Bloomberg

November 10, 2023
Polygon Pump 15%, Bulls Target $1

Polygon Pump 15%, Bulls Target $1

November 10, 2023
SEC chair hints at FTX comeback, while Memeinator presales enter stage 6

SEC chair hints at FTX comeback, while Memeinator presales enter stage 6

November 10, 2023
Hong Kong ‘ready’ to capitalize on crypto’s next bull run: Hashkey Capital

Hong Kong ‘ready’ to capitalize on crypto’s next bull run: Hashkey Capital

November 10, 2023
Solana (SOL) Users Targeted in New Address Poisoning Attack: Details

Solana (SOL) Users Targeted in New Address Poisoning Attack: Details

November 9, 2023
Security in Crypto: A Complete Guide | by Abiodun Ajayi | The Dark Side | Oct, 2023

Security in Crypto: A Complete Guide | by Abiodun Ajayi | The Dark Side | Oct, 2023

November 9, 2023
Can Stablecoins Get Past Their Instability?

Can Stablecoins Get Past Their Instability?

November 9, 2023
  • Privacy Policy
Friday, November 10, 2023
Mount Rushmore Crypto
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
Mount Rushmore Crypto
No Result
View All Result
Home Crypto Technical Analysis

US regulator puts approval of Bitcoin ETFs on ice

J_News by J_News
October 4, 2021
in Crypto Technical Analysis, Top News
0
US regulator puts approval of Bitcoin ETFs on ice
0
SHARES
7
VIEWS
Share on FacebookShare on Twitter


The US regulatory agency pushed back the deadlines a further 45 to 60 days, explaining it needed more time to review the 19b-4 applications

Last Friday saw the SEC once again delay giving a decision on whether a number of entities seeking a US crypto fund approval will receive one. Not for the first time, the SEC pushed the decision deadline back by 45 to 60 days for four applicants, meaning that the earliest any of these companies is expected to get a decision will be November.

“The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised in the comment letters that have been submitted in connection therewith,” filings from the commission read.

The SEC now plans to deliver a decision on Global X Bitcoin Trust on 21 November. Valkyrie XBTO Bitcoin Futures Fund’s decision is now slated for 8 December, while WisdomTree will get a verdict on 11 December. The SEC added that a pronouncement on Kryptoin Bitcoin ETF is to be given on 24 December.

VanEck was the first company to file an application seeking approval for a Bitcoin ETF, followed by a dozen other companies. At present, the regulatory body is yet to assent to most of the applicants. The agency has become notorious for dragging its feet, with the few that have received a decision getting rejected.

However, with the current market many feel the SEC will soon approve the first Bitcoin ETF. A prediction from Bloomberg analysts suggests that approval could come as soon as this month. The analysts hinted at Proshares’ Bitcoin futures ETF as the one that could receive the first green light.  

The approval of a Bitcoin ETF will be an essential growth marker for the ETP market worldwide, which currently comprises products worth $263 billion. Approval is being viewed as a game-changer as it will open up the market to many conservative individuals who are reluctant to buy crypto directly.

SEC Chairman Gary Gensler has received some heat from the crypto community, more recently after saying crypto is not a practical form of private money while comparing stablecoins to casino poker chips. Gensler has widely been negative on offering support to crypto products in the current environment but has curiously not held the same view for Bitcoin futures. He has in the past asserted that Bitcoin ETFs would be more welcome if they were based on Bitcoin futures rather than the asset directly.





Source link

Related articles

Shiba Inu (SHIB) Burn Rate up 704% as Price Crosses Crucial Threshold

Shiba Inu (SHIB) Burn Rate up 704% as Price Crosses Crucial Threshold

November 10, 2023
StealthEX Integrates Bitcoin Lightning for Enhanced Crypto Trading

StealthEX Integrates Bitcoin Lightning for Enhanced Crypto Trading

November 10, 2023
ShareTweetShareShare
Previous Post

Tonga MP Drafting a Bill to Make Bitcoin Legal Tender, Blockchain Tech Already in Use

Next Post

Axie Infinity to Raise $150M Series B at $3B Valuation: Report

Related Posts

Shiba Inu (SHIB) Burn Rate up 704% as Price Crosses Crucial Threshold

Shiba Inu (SHIB) Burn Rate up 704% as Price Crosses Crucial Threshold

by J_News
November 10, 2023
0

Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views...

StealthEX Integrates Bitcoin Lightning for Enhanced Crypto Trading

StealthEX Integrates Bitcoin Lightning for Enhanced Crypto Trading

by J_News
November 10, 2023
0

StealthEX is pleased to announce the addition of the widely discussed Bitcoin Lightning to its extensive collection of more than...

UBS Group’s Wealthy Clients Can Now Trade Some Crypto ETFs in Hong Kong: Bloomberg

UBS Group’s Wealthy Clients Can Now Trade Some Crypto ETFs in Hong Kong: Bloomberg

by J_News
November 10, 2023
0

In the past few days, Hong Kong has moved towards allowing retail investors to buy spot crypto Exchange Traded Funds (ETFs) and primary...

Polygon Pump 15%, Bulls Target $1

Polygon Pump 15%, Bulls Target $1

by J_News
November 10, 2023
0

MATIC price is up over 15% and trading near $0.85. Polygon bulls are in charge, and they might soon aim...

SEC chair hints at FTX comeback, while Memeinator presales enter stage 6

SEC chair hints at FTX comeback, while Memeinator presales enter stage 6

by J_News
November 10, 2023
0

SEC has suggested FTX revival if it follows the rules. Memeinator has caught the attention of investors with its meme...

Load More

Enter your email address:

Delivered by FeedBurner

Quick Navigate

  • Home
  • Crypto
  • Crypto Technical Analysis
  • Top News
  • Thank You
  • Store
  • Crypto Vouchers
  • About Us
  • What Cryptocurrency Is and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

Top News

XRP Dominance Reveals Start Of Next Parabolic Price Move

Bitcoin SV price prediction as it climbs 71% in 24 hours

Bitcoin Price Surges Past $29,400, Here’s Why

© 2021 mtrushmorecrypto - Crypto Related News Blog

No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

© 2021 mtrushmorecrypto - Crypto Related News Blog

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT