Grayscale Victory Over SEC: What Does It Mean For The Future Of Bitcoin ETFs

Grayscale Victory Over SEC: What Does It Mean For The Future Of Bitcoin ETFs
фото показано с : nulltx.com

2023-8-30 10:29

The crypto community is certainly optimistic after the Grayscale victory over the SEC. The court’s ruling that the SEC had exceeded its authority by blocking the conversion of Grayscale’s Bitcoin Trust (GBTC) into an ETF has been seen as a major step forward for the legitimization of cryptocurrencies.

Source : Santiment Will The SEC Appeal?

It is still too early to say how close an ETF approval is from the SEC. The agency has 45 days to review the court’s decision and decide whether to appeal. If the SEC does not appeal, then it will have to reconsider its decision on GBTC. However, even if the SEC does not appeal, it is possible that it could still deny the ETF application.

What Happens When SEC Approves A Spot Bitcoin ETF

The SEC has been reluctant to approve spot bitcoin ETFs, citing concerns about market manipulation and investor protection. However, the Grayscale victory could put pressure on the agency to reconsider its position. If the SEC does approve a spot bitcoin ETF, it would be a major victory for the crypto community and could help to boost the price of bitcoin.

Final Thoughts

Here are some factors that could influence the SEC’s decision on a spot bitcoin ETF:

The outcome of the SEC’s appeal of the Grayscale ruling. The level of market manipulation in the bitcoin market. The level of investor protection in the bitcoin market. The public’s appetite for bitcoin investment. The views of the SEC’s new chairman, Gary Gensler, who is a former chairman of the Commodity Futures Trading Commission.

It is impossible to say for sure what the SEC will decide, but the Grayscale victory has certainly made it more likely that a spot bitcoin ETF will be approved in the future.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

Image Source: jarretera/123RF // Image Effects by Colorcinch

origin »

Bitcoin price in Telegram @btc_price_every_hour

Bitcoin (BTC) на Currencies.ru

$ 62462.38 (-0.03%)
Объем 24H $23.049b
Изменеия 24h: 1.46 %, 7d: 3.48 %
Cегодня L: $62301.36 - H: $62776.24
Капитализация $1252.491b Rank 1
Цена в час новости $ 27422.86 (127.77%)

sec grayscale victory bitcoin seen trust gbtc

Источник: nulltx.com

sec grayscale → Результатов: 126


Фото:

Grayscale нанимает юриста из штаба Обамы перед решающей схваткой с SEC

Инвестиционная компания Grayscale в ходе подготовки к судебному разбирательству с SEC нанимает опытного юриста из команды экс-президента США Дональда Б. Веррилли-младшего.

2022-6-8 11:24


Grayscale: SEC должна преобразовать биткоин-траст в ETF

Одобрение фьючерсного биткоин-ETF от Teucrium является основанием для аналогичного решения по заявке Grayscale на преобразование GBTC в биржевой фонд. Об этом компания заявила в письме к SEC, пишет The Block.

2022-4-25 14:03


Фото:

Grayscale Threatens SEC with Legal Action: An Expert’s Comment

Grayscale Investments, the world’s largest digital assets fund manager, is threatening legal action against the US Securities and Exchanges Commission (SEC). According to Grayscale CEO Michael Sonnenshein, that could be the route for the asset manager should the SEC reject its application to convert its Bitcoin Trust (GBTC) product into a spot Bitcoin exchange-traded fund […] The post Grayscale Threatens SEC with Legal Action: An Expert’s Comment appeared first on Invezz.

2022-3-30 21:44


Wilshire Phoenix подала заявку на запуск нового биткойн-траста

Компания по управлению активами Wilshire Phoenix, известная тем, что подавала заявку на запуск ETF на биткойн, направила в SEC регистрационную форму на создание нового биткойн-траста. Судя по всему, новый траст Wilshire Phoenix должен составить конкуренцию аналогичному продукту компании Grayscale Investments, который собрал более $3.

2020-6-15 19:04


Фото:

Фонд Three Arrows Capital стал владельцем более 6% акций bitcoin-траста Grayscale

Three Arrows Capital стал владельцем 6,26% акций принадлежащего компании Барри Силбера криптовалютного траста Grayscale Bitcoin Trust (GBTC). Хедж-фонд направил в Комиссию по ценным бумагам и биржам (SEC) США отчет, согласно которому ему принадлежат свыше 21 млн акций GBTC стоимостью $259 млн (примерно 20 230 BTC), передает The Block.

2020-6-12 17:26


У Grayscale появился регулируемый SEC bitcoin-траст

Компания Grayscale Investments начала подавать отчетность об инвестиционной деятельности клиентов, связанной с цифровыми активами, в адрес Комиссии по ценным бумагам и биржам США (SEC). Информация об этом появилась в пресс-релизе организации.

2020-1-22 08:57


Grayscale зарегистрировала биткоин-траст GBTC в SEC и расширила возможности для инвесторов

Grayscale Bitcoin Trust стал первым инструментом инвестирования в цифровые активы, по которому официально предоставляются отчеты формы 10-K в Комиссию по биржам и ценным бумагам США (SEC). Grayscale Investments, управляющая биткоин-трастом компания, подала заявку регулятору на регистрацию формы 10-K для GBTC в ноябре.

2020-1-21 20:31


Grayscale Bitcoin Trust Investors Paid Top Dollar At The Highest Point Of BTC Before Fast Drop Last Year

Bitcoin Investors Paid Top Dollar For The Highest Point Of Bitcoin Before Fast Drop Last Year Bitcoin has been plummeting recently. Between the hard fork and the continued aggression of the SEC, the cryptocurrency world has been taking a beating, which is making some publications reflect on the patterns of last year as well. Bloomberg […]

2018-11-22 20:05


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Philippine SEC embraces tokenization as sandbox bets expand

The Philippine SEC has reinforced its support for real-world asset tokenization as four companies, including a tokenized real estate project, advance through its regulatory sandbox. Speaking at Philippine Blockchain Week 2026, SEC Commissioner Rogelio Quevedo said the regulator is now…

BlackRock races Bitcoin income ETF toward potential launch

BlackRock has moved its proposed Bitcoin income-focused exchange-traded fund closer to market debut after filing a key registration document with the U.S. Securities and Exchange Commission. According to a Form 8-A submitted to the SEC on June 11, BlackRock’s iShares…

Elizabeth Warren urges SEC to halt record SpaceX IPO

Senator Elizabeth Warren has called on the SEC to delay SpaceX’s $75 billion IPO, citing concerns over investor protections, governance risks, and the company’s $1.8 trillion valuation. According to a letter sent by Senator Elizabeth Warren to SEC Chair Paul…