Bloomberg ETF analysts raised their odds for a spot Bitcoin ETF approval after the recent Grayscale victory against the SEC. Bloomberg analysts have raised the probability for an approved spot Bitcoin exchange-traded fund (ETF) by the end of 2023, following a recent Grayscale victory against the federal securities regulator. In a Aug. 30 post on…
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In early August 2023, Bloomberg ETF specialists Eric Balchunas and James Seyffart estimated a 65% probability for the approval of a spot bitcoin ETF. However, as August draws to its conclusion, and in light of a U.S. court siding with Grayscale over a legal tussle against the U.S. Securities and Exchange Commission (SEC), the pair…
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There are three compelling reasons why a spot Bitcoin Exchange Traded Fund (ETF) approval really matters, crypto index fund manager Bitwise argued in a recently shared threat on Twitter. “Approval would make it vastly easier for investment professionals to gain exposure to bitcoin,” Bitwise argued, noting that “ETFs are among the most popular and efficient…
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Former chairman of the US Securities and Exchange Commission (SEC) Jay Clayton just called for the approval of a spot Bitcoin Exchange Traded Fund (ETF) in an appearance on CNBC TV. Initially, he conceded that, back when he was chair of the SEC, he had been skeptical of the Bitcoin trading markets…. Read More: Former…
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The US Securities and Exchange Commission (SEC) just delayed a decision on Ark Invest’s spot bitcoin exchange-traded fund (ETF) application by at least eight weeks by calling for a period of public comment. The agency published an order calling for public input on Ark Invest’s Ark 21Shares Bitcoin ETF application, a standard move employed by…
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The U.S. Securities and Exchange Commission (SEC) on Friday asked for additional public feedback on a proposal to list a spot bitcoin exchange-traded fund (ETF), likely delaying any decision on the high-profile applications. SEC Seeks Public Opinion on Spot Bitcoin ETF The SEC put out a 34-page request for comment on the Ark Invest and…
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Galaxy Digital CEO Mike Novogratz is optimistic that the U.S. Securities and Exchange Commission (SEC) could approve a spot bitcoin exchange-traded fund (ETF) within four to six months. The executive cited his contacts at Blackrock, the world’s largest asset manager, and investment management firm Invesco. Both companies have filed to launch a bitcoin ETF with…
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Bitcoin (BTC) is approaching a retest of the psychologically important $30,000 amid a fresh wave of optimism about the likelihood of near-term spot bitcoin Exchange Traded Fund (ETF) application approvals, as well as optimism about crypto’s broader adoption. The world’s first and largest digital asset by market capitalization was last up around 2.5% and on…
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According to James Seyffart and Eric Balchunas, two analysts specializing in exchange-traded funds (ETFs) at Bloomberg, the likelihood of a spot bitcoin ETF debut in the U.S. has surged to 65%. These analysts attribute this increase to “pressure from Blackrock and possibly Democrats,” a force that could compel the U.S. Securities and Exchange Commission to…
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A major near-term bounce in the bitcoin (BTC) price could be right around the corner. That’s because bitcoin is nearing a test of a key support zone that could well form the floor for another solid rally. Bitcoin has been ebbing low in an uncharacteristically subdued July…. Read More: Is a Big Bitcoin Bounce Coming?…
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