The analysts underlined that there is no particular reason for the SEC disapproval, it is just a mixture of fear, uncertainty and doubt that can make the approval process difficult.
The adoption of these rules comes amidst a broader regulatory push aimed at bringing greater clarity and oversight to the cryptocurrency industry.
Currently, seven ETH spot ETF applications are awaiting SEC review, with VanEck leading the queue.
The approval of spot Bitcoin ETFs could signal a growing acceptance of cryptocurrencies within traditional financial circles.
Recent meetings of major exchanges, including NYSE, Nasdaq Composite, the Chicago Board Options Exchange, and the SEC have sparked speculation about the timing and potential approval of a spot Bitcoin ETF.
While the crypto community eagerly awaits the SEC’s decision regarding Grayscale’s ETF application and others, SEC Chair Gary Gensler remains cautious in sharing specific details about the commission’s next steps.
Bitcoin ETFs provide an easy way for investors to put their funds into the cryptocurrency market.
SEC’s requests have not been limited to the discovery of Binance’s custody, security and availability of customer assets alone.
Coinbase is now full of confidence as they approach the court and inch closer to a final ruling.
DeSantis spoke about allowing Americans to invest in digital assets such as Bitcoin (BTC).
SEC suggests that Binance.US may have fraudulently amplified its trading volumes, sometimes trading with itself, to appear very active in the markets.