Spot Dogecoin ETF Delayed Again As SEC Stalls Bitwise’s Bid
The US Securities and Exchange Commission (SEC) has pushed back its decision on whether NYSE Arca can list the Bitwise Dogecoin ETF, designating a “longer period” to complete its review of the exchange’s proposed rule change under Rule 19b-4. In a notice dated Sept. 9, the agency said it is extending the deadline to Nov. […]
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A fresh wave of postponements has swept across the crypto market, as the US Securities and Exchange Commission has delayed decisions on a set of proposed spot exchange-traded funds (ETFs) for XRP, Dogecoin, Solana, and Litecoin. This latest move pushes back potential approval dates to May 2025 for various ETF applications, including those from VanEck, […]
The first bitcoin spot ETF in Australia has been delayed, reportedly by a ‘prime’ broker, and it is unclear when it will start trading.
In continuation of its recent wave of delays, the US Securities and Exchange Commission (SEC) has further delayed the Spot Bitcoin ETF application of the world’s largest asset manager, BlackRock. SEC Request For Comments On BlackRock’s Bitcoin ETF Application In its release concerning BlackRock’s application, the SEC called for written comments on why the iShares Bitcoin Trust should be approved or disapproved. This move ultimately extends the period in which the Commission can decide on the proposed rule change, with the next deadline coming on January 15, 2024. Related Reading: IPO....
The Spot Bitcoin ETFs have seen their demand drop since the start of this month, and this was again evident in the considerable outflows recorded on April 26. This poor run has had far-reaching effects on the broader crypto market as Bitcoin’s price has succumbed to unfavorable market conditions. Spot Bitcoin ETFS Record $217 Million Of Outflows Farside Investors revealed in an X (formerly Twitter) post that the Spot Bitcoin ETFs recorded $217 million of net outflows on April 25, one of their largest this month. Grayscale’s Bitcoin Trust (GBTC) accounted for most of these outflows, with....
In a significant development, the US Securities and Exchange Commission (SEC) has taken an unprecedented step that has raised hopes for approving Bitcoin spot exchange-traded funds (ETFs). This move comes after the SEC recently delayed applications for Bitcoin spot ETFs from major financial players like BlackRock, Fidelity, and VanEck due to last week’s looming US […]