News

US SEC Expanding Bitcoin ETF Reviews for the Week Ahead

Key Points:

  • Bitwise, BlackRock, VanEck, WisdomTree, and Invesco’s Bitcoin ETF applications face approval, rejection, or delay.
  • Bitwise’s proposal under review on Friday, others next day, SEC aims for week’s end conclusion.
  • SEC’s track record includes postponements and denials, raising uncertainties for crypto ETF hopefuls.
US Securities and Exchange Commission is poised to deliver its verdict on the eagerly awaited Bitcoin exchange-traded fund (ETF) registration applications.

This decision, anticipated to be unveiled by the end of the week, holds significant implications for major players such as Bitwise, BlackRock, VanEck, WisdomTree, and Invesco.

The regulatory body possesses the authority to greenlight, reject, or postpone these applications, signifying a critical moment for the crypto industry. The evaluation process is scheduled to commence with Bitwise’s proposal on Friday, followed by the scrutiny of others the subsequent day. This strategically timed assessment ensures that the SEC has a comprehensive overview before the week draws to a close.

However, the history with crypto ETF applications has been a blend of postponements, denials, and occasional approvals. Recent events have seen the regulator defer the decision on spot Bitcoin ETF applications from 21Shares and ARK Investment Management. This move echoes previous instances where multiple filings have faced setbacks over the last decade.

Roxanna Islam, Associate Director of Research and Head of Sector and Industry Research at VettaFi, noted, “We can expect the SEC to delay more applications, especially after they’ve been released.” These delays indicate that the road to a Bitcoin ETF approval remains fraught with uncertainties.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

Dogecoin Price Gets $5 Prediction, Shiba Inu To Rally 1,100%, And ETFSwap (ETFS) To Jump 135x

Here are the latest predictions for Dogecoin, Shiba Inu, and ETFswap.

4 hours ago

AVAX Hits $1B in DeFi, Cardano Expected to Surge—BlockDAG Leads with $110M Presale & 100% Bonus!

Discover BlockDAG's 100% bonus and $110M presale surge that’s sparking interest among crypto enthusiasts. Also,…

4 hours ago

Crypto Institutional Investors Move To ETFSwap (ETFS) Amid $500 Million Liquidity Injection Expectations

Discover why crypto investors are moving to ETFSwap (ETFS) as $500 million liquidity injection is…

7 hours ago

Buyers Rush to Maximise Gains with BlockDAG’s 100% Bonus Offer; Plus, ETH Holds Strong as Solana Challenges Rivals

Learn about BlockDAG's $110M presale achievement and the whopping 100% bonus offer, alongside Ethereum's growth…

9 hours ago

Thai Police Corruption Case Involving Officers and Extortion

Thai police corruption exposed as officers extort millions in USDT from a Chinese man under…

12 hours ago

SafePal Telegram Wallet Launches with Swiss Bank Accounts and CeDeFi

SafePal Telegram Wallet allows 950 million users to create compliant crypto-friendly Swiss bank accounts, integrating…

13 hours ago

This website uses cookies.