US Lawmakers Urge SEC to Permit Trading of Bitcoin Spot ETFs
U.S. lawmakers have called on the Securities and Exchange Commission (SEC) to approve bitcoin spot exchange-traded funds (ETFs). Since the SEC has approved the trading of bitcoin futures ETFs, the lawmakers said it “should no longer have concerns with bitcoin spot ETFs and should show a similar willingness to permit the trading of bitcoin spot ETFs.” Lawmakers Urge SEC to Permit Trading of Bitcoin Spot ETFs U.S. Representatives Tom Emmer and Darren Soto sent a bipartisan letter to the chairman of the Securities and Exchange Commission (SEC), Gary Gensler, Wednesday....
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Lawmakers in the United States have finally put their foot down and demanded that the US SEC Chairman approve Grayscale’s spot Bitcoin ETF proposal “immediately.” US Congress Imposes Spot Bitcoin ETF Immediate Approval A group of four members of the United States Congress sent a letter to the United States Securities and Exchange Commission (SEC) Chairman, Gary Gensler on Tuesday, September 26 demanding the prompt endorsement of spot Bitcoin ETFs. Related Reading: Early Rejection Of 21Shares Spot Bitcoin ETF Sparks Concerns The letter described major flaws in the US SEC’s rejection of....
On-chain data shows exchanges are still the main venue of Bitcoin trading, with Binance alone observing volume double that of the spot ETFs. US Bitcoin Spot ETFs Still Account For Just 13% Of Trading Volume In a new post on X, on-chain analytics firm CryptoQuant has talked about how the US spot exchange-traded funds (ETFs) […]
With the Spot Bitcoin and Ethereum ETF already trading, there have been discussions about whether or not fund issuers will apply for other crypto ETFs. Specifically, market experts have questioned if the world’s largest asset manager, BlackRock, will file for spot ETFs for other altcoins like Solana and XRP. BlackRock Unlikely To File For Spot […]
Data shows Bitcoin spot exchange-traded funds (ETFs) have seen netflows flip red, implying a slowdown in demand among institutions. Bitcoin Spot ETFs Have Switched To Net Outflows Recently In a new post on X, on-chain analytics firm Glassnode has discussed about the latest trend in the netflow of the US Bitcoin spot ETFs. The spot […]
The Chicago Board Options Exchange (CBOE) has confirmed the launch date for Spot Ethereum ETFs, revealing when five Spot ETH ETFs will commence trading in the crypto market. CBOE Finalizes Launch Date For Spot Ethereum ETFs On July 19, the CBOE released a new issue notification on its official website concerning the launch of Spot Ethereum ETFs trading. According to the notification, five Spot ETH ETFs will begin trading on the Chicago Board Options Exchange on July 23, 2024, pending regulatory effectiveness. Previously, analysts, including Bloomberg Senior ETF analyst, Eric Balchunas,....