
May 6th, 2025
There is a renewed hope that the US Securities and Exchange Commission (SEC) may finally approve a spot Bitcoin ETF.
iShares, Bitwise, WisdomTree, and Invesco, have just submitted proposals for a Bitcoin ETF, signaling a significant advance in the crypto business.
EDX Markets plans to step into the crypto space just when the regulatory developments are quite hot and the US SEC has been cracking hard on crypto firms.
The traditional firm could dominate the US digital asset space for a long time to come.
The SEC has received an official application from BlackRock for a spot Bitcoin ETF to help investors benefit from BTC without direct access.
Chicago Board Options Exchange parent Cboe has again filed for a spot Bitcoin ETF with the SEC despite being rejected in late January.
The new filing comes as cryptocurrencies, and risk assets in general, are in recovery after a bad 2022.
While little is known about its fight with the SEC, Grayscale is already preparing for future moves in case it loses the battle.
CSOP Asset Management’s Bitcoin and Ether ETFs has started trading on on the HKEX.
The SEC recently approved a slew of blockchain-focused funds for WisdomTree but continues to deny spot Bitcoin ETFs.
Crypto asset manager Grayscale stated that the SEC had filed its first legal brief detailing its refusal to allow spot BTC ETFs.
According to the SEC, the application by Grayscale failed to answer the questions about preventing crypto market manipulation, among other concerns.
Justifying the delay, SEC stated that they need enough time to take action on the proposed rule change.
The SEC categorized Bitcoin Futures ETF and spot Bitcoin ETF as separate products.
The Grayscale lawsuit against the SEC specifies that the company believes the Commission has no real grounds to deny the spot ETF request.