Bitcoin Spot ETF: Bloomberg Analyst Reevaluates Odds After Ark’s Delay
In a surprise move, the US Securities and Exchange Commission (SEC) announced an early delay of ARK Invest’s and 21Shares Bitcoin spot ETF application on Tuesday, September 26, which was originally scheduled to be decided by November 11. At the same time, the regulator postponed GlobalX ETF’s application, which was to be decided on October […]
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The Ethereum price has risen almost 20% in the last 24 hours. This is a positive development for the second-largest crypto token, which has been lagging until now. Ethereum’s price surge is believed to be due to several factors, including the potential approval of the Spot Ethereum ETFs. SEC Could Soon Approve Spot Ethereum ETFs Ethereum has risen on the news that the Securities and Exchange Commission (SEC) could approve the Spot Ethereum ETF applications. Before now, it was almost certain that the Commission would deny these applications. However, the SEC is now open to approving these....
Following the court’s ruling in favor of Grayscale against the US Securities and Exchange Commission (SEC), many have begun to wonder whether or not the SEC will succumb and approve Grayscale’s ETF application. However, this looks more likely as Bloomberg ETF analysts have increased the odds in favor of the asset manager. Odds For ETF […]
In what seems to be a significant step forward, ARK Invest/ 21Shares has submitted an updated version of its spot Bitcoin Exchange-Traded Fund (ETF) prospectus. This move follows after the SEC reached out to issuers a few weeks prior with comments and questions about their S-1 filings. Why A Spot Bitcoin ETF Draws Closer Bloomberg’s […]
Bloomberg senior analysts Eric Balchunas and James Seyffart have raised their approval odds of the first Bitcoin spot exchange-traded fund (ETF) in the United States (US) to 75%. This development comes after the US District of Columbia Circuit ruled against the US Securities and Exchange Commission (SEC), stamping out the regulator’s denial of Grayscale’s conversion of its Grayscale Bitcoin Trust (GBTC) into a Bitcoin ETF. Court “Unanimity And Decisiveness” Unexpected, SEC Now In Tight Spot, Analysts Say According to his X post on August 30, Eric Balchunas explains that the new stance....
Following notable changes to the ARK 21Shares Spot Bitcoin ETF application, Bloomberg ETF analysts James Seyffart and Eric Balchunas have predicted that the US Securities and Exchange Commission (SEC) could approve a fund as early as next year. 90% Chance Of Approval In a post shared on his X (formerly Twitter) platform, Seyffart highlighted his team’s prediction of the 90% chance that a Spot Bitcoin ETF will be approved by Ark Invest’s January 10 deadline. January 10 is the day the SEC is expected to make a final decision (approval or denial) on ARK Invest’s Spot Bitcoin ETF....