Report: SEC Demand Clarity And Comprehensive Information For Spot Bitcoin ETF Filings

2023-6-30 17:15

The Securities and Exchange Commission (SEC) has raised concerns over the recent surge of applications for spot bitcoin exchange-traded funds (ETFs), stating that the filings are lacking clarity and comprehensive information, according to a report by the Wall Street Journal.

A variety of firms have submitted the applications such as BlackRock and Fidelity Investments.

Following BlackRock's lead, a wave of traditional and crypto asset managers, including Fidelity Investments, Ark Investment Management, Invesco, WisdomTree, Bitwise Asset Management, and Valkyrie, have reactivated or amended their applications for spot bitcoin ETFs in recent days. The approval of such an ETF would mark a significant milestone for the industry, providing broader institutional access to bitcoin and allowing investors to trade bitcoin as easily as stocks, albeit at the loss of some of bitcoin’s properties.

Experts predicted BlackRock's application would address the SEC's concerns through an agreement to share surveillance of a spot bitcoin-trading platform with Nasdaq, the proposed ETF's listing exchange.

Nevertheless, the SEC informed the exchanges that the filings lacked key details, such as the precise surveillance-sharing agreement that would be implemented. A spokesperson for Cboe told the Wall Street Journal that they plan to update and refile the application.

The SEC's critique has once again highlighted the regulatory challenges surrounding the launch of spot bitcoin ETFs. Market participants await updates from the asset managers and exchanges to address the concerns raised by the SEC. As the industry eagerly anticipates the potential approval of a spot bitcoin ETF, stakeholders hope that the revised filings will provide the clarity and comprehensive information necessary to gain regulatory acceptance.

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etf spot sec filings found lacking info

Источник: bitcoinmagazine.com

etf spot → Результатов: 126


Ethereum ETF: Franklin Templeton Enters The Fray As ETH Rallies

Wall Street titan and Asset manager Franklin Templeton has applied for an Ethereum Spot Exchange-Traded Funds (ETF) after a struggle to gain approval for their Bitcoin Spot ETF in early January. Asset Manager Files For Spot Ethereum ETF Asset managers have gravitated toward the Ethereum spot ETF since the United States Securities and Exchange Commission (SEC) approved the Spot Bitcoin ETF.

2024-2-14 18:00


Фото:

SEC rumored to be instructing spot Bitcoin ETF applicants to incorporate cash creates

Bloomberg analyst Eric Balchunas reported on Nov. 17 that securities regulators are instructing spot Bitcoin ETF applicants to handle funds in a specific way. In a post on X, Balchunas wrote: “Hearing chatter [that the Securities and Exchange Commission’s Trading & Markets division] engaged [with] exchanges this week on spot bitcoin ETF 19b-4s, is advising […] The post SEC rumored to be instructing spot Bitcoin ETF applicants to incorporate cash creates appeared first on CryptoSlate.

2023-11-18 00:10


Ethereum ETF Race: BlackRock Wants An Ether Spot ETF

BlackRock has joined the Ethereum Spot ETF race as the asset management company has officially applied to the US SEC and is currently waiting for approval.   BlackRock Files For An Ethereum Spot ETF Following its Spot Bitcoin ETF filing, BlackRock, an American investment company has taken the proactive step by filing an Ethereum Spot Exchange Traded Fund (ETF) with the United States Securities and Exchange Commission (SEC).

2023-11-18 23:00


Bitcoin ETF: Grayscale Pushes Back Against SEC’s “Capricious” Behavior, Fidelity Bypass US to Launch Spot ETF in Canada

Grayscale sent a letter to SEC regarding its repeated rejection of physically-backed Bitcoin ETFs, which it says violates the Administrative Procedure Act (APA). The post Bitcoin ETF: Grayscale Pushes Back Against SEC’s “Capricious” Behavior, Fidelity Bypass US to Launch Spot ETF in Canada first appeared on BitcoinExchangeGuide.

2021-12-1 20:21


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Gemini’s David Abner says the SEC will approve a spot BTC ETF in 2022

David Abner, the Global Head of Business Development at leading cryptocurrency exchange Gemini, believes the SEC will eventually approve a pure-play Bitcoin (BTC/USD) ETF. Abner shared his bullish opinions during the November 22 episode of CNBC’s ETF Edge, saying approving a pure-play BTC ETF would be the answer to the regulator’s crypto conundrum.

2021-11-24 21:55


Фото:

Timo Lehes says SEC rejected VanEck’s BTC ETF because the market is not ready

Timo Lehes, the Managing Director at Swarm Capital, believes the US Securities Exchange Commission (SEC) rejected VanEck’s Bitcoin ETF because the market is not ready. Lehes shared his sentiments earlier today, noting that the authority appears unwilling to expose consumers to BTC’s spot market because it is still uncomfortable with manipulation in BTC’s market.

2021-11-18 01:14


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