Tag: approval

Forbes reporter Eleanor Terrett sheds light on the waning optimism surrounding the Securities and Exchange Commission’s (SEC) approval of the Ethereum (ETH) spot exchange-traded fund (ETF) before May 23. Anti-cryptocurrency sentiments from figures like Senator Elizabeth Warren and limited engagement from SEC staff have contributed to the uncertainty.

Dogecoin’s vast appeal has been one of its greatest assets, and as the price begins to surge again, expectations are rising. Crypto ETFs have been at the forefront of the industry since the US Securities and Exchange Commission (SEC) allowed Spot Bitcoin ETFs to trade earlier this year. Since then, there has been conjecture over which cryptocurrency will be approved next. While Ethereum is the obvious pick for many, one cryptocurrency specialist has cautioned investors not to overlook DOGE.

The SEC’s postponement of the Invesco Galaxy Ethereum ETF decision reflects ongoing regulatory scrutiny, while May 23rd retains importance for VanEck’s application. More delays for other Ethereum spot ETFs are expected in the coming months.

The U.S. Securities and Exchange Commission (SEC) has given the nod for the launch of 11 spot bitcoin exchange-traded funds (ETFs), set to commence trading on Thursday. This regulatory approval is poised to make cryptocurrency investing more accessible, ushering in substantial capital into the crypto space. The 11 approved spot bitcoin ETFs, each from different issuers, bring diverse features and proposed ticker symbols.

The SEC will have to investigate itself for possible market manipulation after its X account was hacked and posted a false announcement that it had approved spot bitcoin ETFs. The crypto market reacted with volatility to the fake news and the subsequent denial by the SEC chair. The regulator is expected to make a decision on the first batch of spot bitcoin ETF applications by Wednesday.

The SEC is expected to rule on the first batch of applications for spot bitcoin ETFs this week, amid growing anticipation from the crypto industry and investors. Former SEC chair Jay Clayton said on CNBC that there is nothing left to decide and that approval is a big step for finance.

A TechCrunch reporter tweeted that the SEC may approve multiple spot Bitcoin ETFs as soon as tomorrow, according to sources close to the matter. This would be a significant development for the crypto industry and the Bitcoin price.

The U.S. Securities and Exchange Commission met with major exchanges yesterday to discuss the pending applications for Bitcoin spot exchange-traded funds, according to people familiar with the matter.

Bloomberg Intelligence analysts have increased their odds of a U.S. spot Bitcoin ETF approval from 65% to 75%, citing recent developments that favor the crypto industry. They believe the SEC will have a hard time denying the applications, especially after losing a court case against Grayscale. A spot Bitcoin ETF would allow investors to directly access the underlying asset without intermediaries.

The U.S. Securities and Exchange Commission (SEC) is expected to approve the first spot bitcoin exchange-traded funds (ETFs) as early as next week, according to sources familiar with the matter. This would mark a historic moment for the cryptocurrency industry, as spot bitcoin ETFs would allow investors to gain exposure to the price of the largest digital asset without having to buy and store it themselves. The SEC has previously approved futures-based bitcoin ETFs, which track contracts that trade on the Chicago Mercantile Exchange, but spot bitcoin ETFs are seen as more attractive and accessible for retail investors. The decision by the SEC could have a significant impact on the adoption and volatility of bitcoin, as well as the future of crypto-related financial products.