Unprecedented SEC Action Signals Possible Bitcoin Spot ETF Approvals
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 […]
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Grayscale argues that the differences between futures and spot Bitcoin ETFs have no correlation to approvals because prices are based on the same spot Bitcoin markets. Asset management firms continue to fight for a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States as regulators remain skeptical of the idea.Craig Salm, chief legal officer at asset manager Grayscale, discussed the firm's lawsuit with the United States Securities and Exchanges Commission (SEC) regarding the conversion of the Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF. Salm explained the basis for....
In a recent development, the stablecoin issuers Circle and Paxos have received approvals in Singapore. According to the report, the Monetary Authority of Singapore (MAS) signed the licenses for the firms. Regulatory licenses and approvals have become mandatory in almost all jurisdictions for crypto-related companies. Most countries are using regulatory approvals as a measure to […]
PRESS RELEASE. EverRise, a leading web3 security and infrastructure platform, has released EverRevoke. The newest addition to the EverRise Ecosystem is a utility to review and revoke token and NFT approvals from a single place across multiple blockchains. EverRevoke supports five blockchains: Ethereum, BNB Chain, Polygon, Avalanche, and Fantom.
Token approvals are an often overlooked vulnerability in decentralized finance. EverRise developed EverRevoke not only to provide a solution to revoking active permissions but also to bring awareness to the potential problem. With DeFi....
With the approvals of futures bitcoin ETFs, firms have taken it one step further and have applied with the Securities and Exchanges Commission (SEC) for spot-based bitcoin ETFs. However, unlike their futures and short counterparts, the spot ETFs have not found favor in the eyes of the regulatory watchdog. And as more spot-based bitcoin ETF applications are declined by the SEC, questions have arisen about whether the market will see one anytime soon. Grayscale And Bitwise Applications Rejected Over the last month, anticipation had built up regarding spot-based Bitcoin ETF filings by both....
Data shows the Bitcoin spot trading volume has soared in the past week as prices have become attractive for traders again. Bitcoin Trading Volume Sharply Rose Following The Price Crash As per the latest weekly report from Arcane Research, the BTC spot volume has observed a large increase over the last week. The “trading volume” […]