Spot Bitcoin ETF Talks With US SEC in Advanced Stages

Discussions on launching spot Bitcoin exchange-traded funds (ETFs) in the United States are progressing, with the SEC asking detailed questions from potential issuers. Approval might be imminent, impacting major finance players like BlackRock, Ark Invest, and Grayscale.

Conversations surrounding spot Bitcoin ETFs in the U.S. have reached advanced stages, as reported by Reuters. The SEC’s detailed queries to potential issuers signal a potential approval of pending applications. Between June and December 2023, 13 firms, including BlackRock and Ark Invest, applied for spot Bitcoin ETFs.

Grayscale, directed by a court order, reentered the race in August. The court’s decision on Grayscale could influence the SEC’s stance.

The regulator, historically cautious due to market manipulation concerns, is now seeking intricate details earlier in the application process. Information requests have intensified, with meetings involving top SEC officials. Issuers like BlackRock, Grayscale, and Ark Invest have adjusted filings accordingly.

Despite anticipation for Ark Invest’s decision on January 10, 2024, there’s no public guarantee. However, the industry remains hopeful, considering the advanced nature of discussions, hinting at potential approval for all applications next month.

Disclaimer: The information provided in this article is for educational and informational purposes only. It should not be considered financial advice from Cryptozi or any other entity. We want to emphasize that if readers use the content or services mentioned in this article, Cryptozi is not responsible for any resulting losses. Therefore, it is strongly advised to exercise caution and consult with financial professionals before making any financial decisions that could impact your financial situation.

Lastest

Coinbase Commerce Faces Backlash for Dropping Dogecoin Support

Coinbase Commerce discontinues support for native Bitcoin, Dogecoin,...

Digitex Futures Exchange CEO Faces US Charges for Bank Secrecy Act Violation

Adam Todd Indicted: CEO of Digitex Futures Exchange,...

Forbes Establishes Permanent Metaverse Presence with ‘Luxurious Pool’ and ‘Elegant Bar’

Forbes enters the metaverse with a permanent presence...

Virginia Senate Proposes $39K Annual Fund for Crypto and AI Commissions

Virginia Senate Proposal: Allocates $39,240 yearly for Blockchain...

Subscribe

spot_img

Related

Coinbase Commerce Faces Backlash for Dropping Dogecoin Support

Coinbase Commerce discontinues support for native Bitcoin, Dogecoin,...

Digitex Futures Exchange CEO Faces US Charges for Bank Secrecy Act Violation

Adam Todd Indicted: CEO of Digitex Futures Exchange,...

Forbes Establishes Permanent Metaverse Presence with ‘Luxurious Pool’ and ‘Elegant Bar’

Forbes enters the metaverse with a permanent presence...

Virginia Senate Proposes $39K Annual Fund for Crypto and AI Commissions

Virginia Senate Proposal: Allocates $39,240 yearly for Blockchain...

Cryptocurrency Exchange Fixedfloat Suffers $26 Million Hack in BTC and ETH

Automatic Exchange Hacked: Fixedfloat, a centralized cryptocurrency exchange,...
spot_imgspot_img

Coinbase Commerce Faces Backlash for Dropping Dogecoin Support

Coinbase Commerce discontinues support for native Bitcoin, Dogecoin, and Litecoin payments. Product lead Lauren Dowling cites consumer demand for an on-chain payments protocol...

Digitex Futures Exchange CEO Faces US Charges for Bank Secrecy Act Violation

Adam Todd Indicted: CEO of Digitex Futures Exchange, Adam Todd, charged with violating the Bank Secrecy Act. Illegal Operation: Allegations of illegally operating...

Forbes Establishes Permanent Metaverse Presence with ‘Luxurious Pool’ and ‘Elegant Bar’

Forbes enters the metaverse with a permanent presence on the Sandbox platform. The virtual experience boasts a luxurious pool, elegant bar, and a...