SEC Postpones its Decision on Sevetal Bitcoin ETFs
The SEC has pushed back its ruling on multiple Bitcoin spot ETF proposals from ARK Invest and 21Shares to January 10, 2024.
The Approval of a Spot Bitcoin ETF is Inevitable: Jay Clayton
Jay Clayton, the former chairman of the US Securities and Exchange Commission (SEC), has predicted that a spot Bitcoin exchange-traded fund (ETF) will eventually be approved in the United States.
Bloomberg: A Spot Bitcoin ETF Could Be Approved This Year
Analysts James Seyffarth and Eric Balchunas of Bloomberg now estimate the likelihood of a spot Bitcoin ETF launching before the end of 2023 to be 75%, after Grayscale’s legal victory over the SEC.
Grayscale’s Victory Over SEC Drives Coinbase’s Shares Up by 14%
Coinbase’s stock jumped 13.9% yesterday, the trigger for this surge was Grayscale Investments successfully pushing for Coinbase’s Bitcoin trust to become an ETF.
ARK Invest and 21Shares Want to Launch Ethereum-ETF Futures
Investment company ARK Invest and cryptocurrency ETP provider 21Shares have applied to the SEC to launch two exchange-traded funds based on Ethereum futures.
Valkyrie Files to Launch Ethereum-ETF Futures
Valkyrie Funds has recently filed with the SEC to launch the Valkyrie Ethereum Strategy ETF.
ProShares’s Bitcoin ETF Weekly Flow Reaches a Yearly High
Over the past week, the ProShares Bitcoin Strategy (BITO) fund has seen cumulative inflows of $65.3 million – its highest value since the beginning of the year.
