• Latest
  • Trending
Why We Could See The First Approved U.S. Bitcoin ETF In October

Why We Could See The First Approved U.S. Bitcoin ETF In October

October 14, 2021
FTX debtors report $11.6B in claims, $4.8B in assets with many crypto holdings ‘undetermined’

FTX debtors report $11.6B in claims, $4.8B in assets with many crypto holdings ‘undetermined’

March 17, 2023
PREMA is introducing a “Web3 SNS” system to enhance the Web3 social networking and gaming experience

PREMA is introducing a “Web3 SNS” system to enhance the Web3 social networking and gaming experience

March 17, 2023
$170K of Stolen Ethereum Traced to North Korean Hackers

$170K of Stolen Ethereum Traced to North Korean Hackers

March 17, 2023
Web3 Offers a Cure to Toxic Pop Culture

Web3 Offers a Cure to Toxic Pop Culture

March 17, 2023
Metacade’s Presale Hits $10.9m in April 2023. 5 Reasons MCADE Tokens Are The Best Investments Today.

Metacade’s Presale Hits $10.9m in April 2023. 5 Reasons MCADE Tokens Are The Best Investments Today.

March 17, 2023
BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, SHIB

BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, SHIB

March 17, 2023
Silicon Valley Bank’s Bankruptcy: 100% guaranteed no Bailout because of the Dodd-Frank Act. | by Patrick Mehrhoff | The Capital Platform | Mar, 2023

Silicon Valley Bank’s Bankruptcy: 100% guaranteed no Bailout because of the Dodd-Frank Act. | by Patrick Mehrhoff | The Capital Platform | Mar, 2023

March 17, 2023
DOGE Price Analysis for March 17

DOGE Price Analysis for March 17

March 17, 2023
First Mover Americas: Bitcoin Busts Through $26K

First Mover Americas: Bitcoin Busts Through $26K

March 17, 2023
  • Privacy Policy
Friday, March 17, 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

Why We Could See The First Approved U.S. Bitcoin ETF In October

J_News by J_News
October 14, 2021
in Crypto, Top News
0
Why We Could See The First Approved U.S. Bitcoin ETF In October
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter


Various investment funds have applied for Bitcoin ETFs in the U.S. The number has grown as interest in crypto has been on the rise in recent months. A couple of countries so far have approved some crypto ETFs and investors can trade on these. However, the United States is yet to see the approval of its very first bitcoin ETF.

Speculations around the approval of a bitcoin ETF have been on the rise lately. The Securities and Exchange Commission (SEC) was expected to make a ruling on various Bitcoin ETFs that had been filed. But the regulator had moved up the date. In the case of VanEck, moving it by 60 days until the SEC would provide its decision on the Bitcoin ETF.

SEC Boss Clarifies Stance On Crypto

After SEC Chairman Gary Gensler announced that the regulatory body had no intention of banning bitcoin in the United States, investors began to expect the approval of a bitcoin ETF soon. The reasoning behind this being that the chairman would not go out of his way to provide information like this if there wasn’t good news in the future.

Related Reading | Number Of Bitcoin Active Entities Grows 19% To Hit 2020 Bull Levels, Set Up For New Highs?

It is expected that October will see the approval of the first bitcoin ETF in the country, which would enable investors to begin trading on Bitcoin Futures ETFs. Instead of having to trade on Canadian crypto ETFs.

In addition to the SEC’s stance on crypto regulation, a Canadian mutual fund with the same language as a bitcoin ETF had been previously approved by the regulation. This was put forward by asset manager James Seyffart, who believes that since the SEC had approved this mutual fund, then it would most likely approve an ETF that consisted of similar wording.

Bitcoin ETFs Getting Closer To Approval

Eric Balchunas, an ETF analyst for Bloomberg, took to Twitter to point out some events that may signal that the first bitcoin ETF is close to being approved. The analyst pointed out that Valkyrie, a digital asset management firm, had updated their Bitcoin Futures ETF prospectus.

NOTABLE: Valkyrie just updated their bitcoin futures ETF prospectus (which typically only happens when ducks in row ready for launch). They added their ticker $BTF, altho no fee still. Can’t say this is done deal type evidence but a good sign IMO. pic.twitter.com/GlQo4C1lBc

— Eric Balchunas (@EricBalchunas) October 13, 2021

BTC breaks above $57K again | Source: BTCUSD on TradingView.com

Now, updates to ETFs are not a mundane thing. An update to a prospectus is only required when the regulators are close to approving it and the firm needs to make sure that the document contains the correct information. In addition to this update, Valkyrie had also updated added their ticker ($BTF) to the document.

Related Reading | Bitcoin Whales Accumulation Patterns Shows Strong Bullish Sentiment Among Top Holders

Balchunas notes that while this is a good sign, it does not mean that a bitcoin ETF is going to be approved. If anything, it means that the firms who submitted these ETFs are moving in the right direction towards getting approval. However, every launch is usually preceded by an update. “That’s what happens right before a launch, they fill in all the XXs and add ticker,” said the analyst.

Featured image from Coingape, chart from TradingView.com





Source link

Related articles

FTX debtors report $11.6B in claims, $4.8B in assets with many crypto holdings ‘undetermined’

FTX debtors report $11.6B in claims, $4.8B in assets with many crypto holdings ‘undetermined’

March 17, 2023
PREMA is introducing a “Web3 SNS” system to enhance the Web3 social networking and gaming experience

PREMA is introducing a “Web3 SNS” system to enhance the Web3 social networking and gaming experience

March 17, 2023
ShareTweetShareShare
Previous Post

Paris Hilton and Pranksy collections featured by Sotheby’s new NFT platform

Next Post

UK-based foundation unveiled to support digital pound

Related Posts

FTX debtors report $11.6B in claims, $4.8B in assets with many crypto holdings ‘undetermined’

FTX debtors report $11.6B in claims, $4.8B in assets with many crypto holdings ‘undetermined’

by J_News
March 17, 2023
0

The debtors in FTX’s bankruptcy case hreported the various company silos had more than $4 billion in scheduled assets as...

PREMA is introducing a “Web3 SNS” system to enhance the Web3 social networking and gaming experience

PREMA is introducing a “Web3 SNS” system to enhance the Web3 social networking and gaming experience

by J_News
March 17, 2023
0

PREMA is an NFT-integrated application platform based on Web 3.0 network, focusing on the sale, trading, and practical application of...

$170K of Stolen Ethereum Traced to North Korean Hackers

$170K of Stolen Ethereum Traced to North Korean Hackers

by J_News
March 17, 2023
0

Alex Dovbnya Blockchain analytics firm Chainalysis has identified a North Korean-linked address that received approximately $170,000 worth of Ethereum stolen...

Web3 Offers a Cure to Toxic Pop Culture

Web3 Offers a Cure to Toxic Pop Culture

by J_News
March 17, 2023
0

A meaningful future of fandom in Web3 can mean many things: a culture of loyalty, financial freedom, collective ideals and...

Metacade’s Presale Hits $10.9m in April 2023. 5 Reasons MCADE Tokens Are The Best Investments Today.

Metacade’s Presale Hits $10.9m in April 2023. 5 Reasons MCADE Tokens Are The Best Investments Today.

by J_News
March 17, 2023
0

Newcomer Metacade has made a huge splash since appearing on the crypto scene, establishing itself as a high-potential investment opportunity...

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

The 7 Best New ICOs To Buy in 2023

The Economic Crisis of 2023. The Cause and the Effects | by Opal A Roszell | The Capital | Nov, 2021

VIVERSE Partners With ZombieClub to Create New Web 3.0 Metaverse Experiences

© 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