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Join the Securities Litigation and Enforcement Group on LinkedInWho Needs a Bitcoin ETF? Actually the SEC Does – Bloomberg
Should the US Securities and Exchange Commission approve an exchange-traded fund focused on the spot market for Bitcoin? The question has yet again gained relevance, thanks to the District of Columbia Court of Appeals, which last week reversed the SEC’s decision to reject a Bitcoin ETF proposed by Grayscale Investments. The answer is yes: With […]
BlackRock, Fidelity, Invesco Spot BTC ETF Application Decisions All Delayed by SEC
The U.S. Securities and Exchange Commission (SEC) has delayed until October making a decision on all of the spot bitcoin exchange-traded fund (ETF) applications filed by applicants including BlackRock, WisdomTree, Invesco Galaxy, Wise Origin, VanEck, Bitwise and Valkyrie Digital Assets earlier this year, according to agency filings on Thursday. *** Today’s orders see the SEC […]
Crypto vs SEC: What Grayscale’s court victory means for bitcoin ETFs | Financial Times
The SEC has 45 days to decide whether to abide by the decision, ask the full federal appeals court in Washington to review it, or take an appeal straight to the Supreme Court. It said on Tuesday that it was reviewing the decision. *** Financial reform group Better Markets suggested that the agency could address […]
SEC Could Issue New Arguments to Reject Spot Bitcoin ETF: Berenberg
It is quite possible that the U.S. Securities and Exchange Commission (SEC) will prepare alternative arguments to justify continued rejections of spot bitcoin (BTC) exchange-traded-fund (ETF) applications based on concerns about the spot bitcoin market, German investment bank Berenberg said in a research report Wednesday. *** The panel did not compel the SEC to approve […]
Grayscale Can Be a Bitcoin ETF – Bloomberg
One possible interpretation of this case is that the SEC’s decision to block spot Bitcoin ETFs was unusually egregious, and a court fixed that, and there are no broader implications for anything. And that’s possible, because the spot Bitcoin ETF decision really was weird. But another possible interpretation is that the modern SEC has become […]
More Bitcoin ETF Decisions Are Already Looming After SEC Passes on Ruling – Bloomberg
Bitcoin ETF candidates got another dose of disappointment when US regulators on Friday punted on making a decision on such a product. But the next time they hear from them might be just a few weeks away. The US Securities and Exchange Commission needs to come to a conclusion on the Bitwise Bitcoin ETP Trust […]
SEC Should Reject Bitcoin ETF Filings Because They Will Expose Investors to Fraud, Manipulation, and Other Investor Harms | Better Markets
Scott Farnin, Legal Counsel, issued the following statement on the filing of Better Markets’ Comment Letters (found here and here) to the Securities and Exchange Commission (SEC) in response to multiple proposed rule changes filed by national securities exchanges to list and trade shares in spot bitcoin-based exchange traded products (“ETP”): “The crypto industry’s track […]
Want a Spot Market Bitcoin ETF? Then Deal With the Consequences
In honesty though, that’s probably not where the issue of the SEC’s approval will lie. Instead, the SEC will likely approve or deny the recent ETF applications based on its understanding of Coinbase being “regulated.” I’m sure the SEC will be over the moon to find that a firm it’s bickering with in court is […]