It's only a matter of time before U.S. regulators approve a spot bitcoin ETF, according to former Securities and Exchange Commission Chairman Jay Clayton.
It’s only a matter of time before U.S. regulators approve a spot bitcoin ETF, according to former Securities and Exchange Commission Chairman Jay Clayton.
Clayton said that the SEC has had legitimate concerns that the bitcoin cash market “was so easily manipulatable that retail folks should not have access to it,” but that there’s growing evidence against his attitude. The statement follows an order by a federal judge that the SEC must reconsider Grayscale Investments application to debut a bitcoin spot ETF, with the court ruling that its decision to approve two bitcoin futures funds, but to deny applications for a bitcoin spot ETF, was “arbitrary and capricious” and in violation of federal administrative law.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bloomberg ETF Experts Predict 75% Chance for Spot Bitcoin ETF Launch in 2023Balchunas and Seffyart are optimistic that a spot Bitcoin ETF could launch in the US this year, but warn that the SEC could delay its decision on current pending applications.
Read more »
Bitcoin ETF applicants await approval from SEC after Grayscale court victoryCNBC's Bob Pisani reports on news regarding Bitcoin.
Read more »
SEC could use alternative arguments to reject Grayscale spot Bitcoin ETF, Berenberg saysPrices of Bitcoin, Ethereum and altcoins in the top 30 assets have recently increased, riding on the back of Grayscale’s win against the US Securities
Read more »
After Grayscale Victory, SEC Kicks the Can on Latest Bitcoin ETF ApplicationsThe regulator is reviewing more than half a dozen bitcoin ETF applications and has now announced delays for some of the applications, including Galaxy and WisdomTree.
Read more »
SEC delays decision on spot Bitcoin ETF applications from WisdomTree, Invesco, and ValkyrieThe SEC has delayed its decision on WisdomTree's, Invesco's and Valkyrie's Bitcoin ETFs, with the next deadlines set for October.
Read more »
Grayscale Bitcoin Trust to readjust fees if SEC approves its spot BTC ETF applicationsGrayscale asset management firm recently won in its months-long case against the US Securities and Exchange Commission (SEC). The judge determined tha
Read more »