This category covers crypto market news today, including crypto index trends, major exchange data, capital flows, sentiment shifts, regulation impact and crypto’s interaction with traditional finance. Designed to help you understand the forces driving valuation across tokens, sectors and regions.
If approved, VanEck’s filing would establish one of the first spot Bitcoin ETFs in the United States.
The approval of spot Bitcoin ETFs could signal a growing acceptance of cryptocurrencies within traditional financial circles.
Grayscale and VanEck, alongside other firms, have submitted Form 8-A to the SEC, marking a significant move towards potential approval of the first spot Bitcoin ETF in the US.
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.
Insiders familiar with the proceedings indicate that the SEC may begin notifying issuers of approval starting Friday, paving the way for potential trading to commence as early as the following week.
According to sources familiar with the ongoing ETF proceedings, an approval could be announced on Friday, with trading beginning as early as next Monday.
Goldman Sachs’ Head of Digital Assets Mathew McDermott has emphasized the potential impact of approving spot Bitcoin and Ether ETFs on the cryptocurrency market.
Fidelity Investments filed form S-1 with the US SEC on December 29, 2023, to offer the Fidelity Wise Origin Bitcoin Fund shares via Cboe BZX Exchange.
Matrix on Target raises concerns about the potential market impact if the SEC rejects all Bitcoin ETF proposals by the January deadline.
The anticipation of this approval has contributed to the recent rally in Bitcoin prices, currently hovering around $45,000.
The latest report also suggests that Jane Street Capital will be the “authorized participant” for the Bitcoin ETFs of Fidelity.
The latest amendment makes it the third time Grayscale has updated its Bitcoin spot ETF application following the SEC’s directive to submit revised documents by December 29, 2023.
In a close resemblance to the early internet era, the Bitcoin ETF advertisement from Hashdex captures a similar temperament.
Marathon Digital and Riot Platforms, sensing the potential for increased demand, have made strategic moves to fortify their positions in the market.
The amended ETF application came after a series of meetings between Grayscale and the SEC in December.