In the wake of fabricated news asserting the U.S. Securities and Exchange Commission (SEC) green-lit Blackrock’s Ishares spot bitcoin exchange-traded fund, short positions worth $78.92 million were cleared out. This sum represented 57% of the overall $136.29 million in short positions erased in the last 24 hours. Misleading Report on SEC Decision Shakes Bitcoin Market,…
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On a bustling Monday, the cryptocurrency-focused news platform Cointelegraph broadcasted that the U.S. Securities and Exchange Commission (SEC) had given the green light to Blackrock’s Ishares spot bitcoin exchange-traded fund (ETF). The unverified news spread like wildfire, and in its wake, the value of BTC soared over 10% against the U.S. dollar, without any official…
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Bitcoin pumped from under $28,000 to $30,000 within minutes earlier on Monday as unverified rumors that the US Securities and Exchange Commission (SEC) had approved asset management giant BlackRock’s iShares spot Bitcoin Exchange Traded Fund (ETF) application began circulating across social media. In a now-deleted tweet, Cointelegraph’s Twitter account first reported the news. They then…
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The Bitcoin (BTC) price briefly vaulted back above $27,000 on Friday in wake of reports that the US Securities and Exchange Commission (SEC) won’t appeal against a recent court ruling that reversed its decision to prevent crypto asset manager Grayscale from converting its Bitcoin trust into an Exchange Traded Fund (ETF). As per a Reuters…
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If true, the SEC will need to review and make a decision on Grayscale’s spot Bitcoin ETF application. If denied, Grayscale could appeal the decision. The U.S. Securities and Exchange Commission reportedly has no plans to appeal the recent court decision that favored Grayscale Investments. The ruling requires the SEC to review the firm’s spot…
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The recent federal judge’s rulings overturning the SEC’s rejection of Grayscale’s application to convert its Bitcoin Trust (GBTC) into an ETF have indeed increased the likelihood of a spot Bitcoin ETF approval by the SEC. The judge’s decision highlighted the SEC’s failure to provide a clear rationale for its rejection, signaling a potential shift in…
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Asset manager Franklin Templeton has joined the race to issue America’s first exchange-traded fund (ETF) that invests directly in bitcoin. The company applied with the U.S. Securities and Exchange Commission (SEC), following in the footsteps of other major investment firms like Fidelity and Blackrock. Franklin Templeton Files for Spot Bitcoin ETF With U.S. SEC California-based…
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San Mateo-based Franklin Templeton, one of the world’s largest global investment managers, has joined the spot Bitcoin exchange-traded fund (ETF) frenzy, filing an application with the US Securities and Exchange Commission (SEC) on Tuesday. Dubbed the “Franklin Bitcoin ETF,” the fund consists primarily of Bitcoin (BTC) “held by a custodian on behalf of the fund.”……
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Global investment bank JPMorgan expects the U.S. Securities and Exchange Commission (SEC) to approve multiple spot bitcoin exchange-traded funds (ETFs) at once, instead of giving one company the advantage of being the first. The bank’s analyst explained that if the securities regulator wants to defend its denial of Grayscale’s bitcoin ETF conversion proposal, it would…
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The Republican candidate also pledged to rescind all federal regulations that fail the Supreme Court’s major questions doctrine test in the West Virginia vs. EPA case — a potentially positive for crypto. United States presidential candidate Vivek Ramaswamy has lauded Grayscale’s recent victory over the federal securities regulator, arguing the decision will help keep Bitcoin…
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