December 24th, 2025
Bloomberg’s ETF analyst believes that ProShares’ multiple Ether-based ETF applications within a short period may indicate a favorable stance from the SEC.
The US SEC is under pressure from several institutional investors – including BlackRock, Fidelity, WisdomTree, and Valkyrie – to approve a spot Bitcoin ETF.
The rush to launch Ethereum spot ETFs has sparked interest in the crypto community.
Grayscale noted that the US SEC should maintain an equitable stand while approving the Bitcoin ETFs without any participant getting greater preference over the other.
The changes in BlackRock’s Asia-Pacific team come amid the SEC’s decision on the future of the company’s spot Bitcoin ETF.
Armstrong said lawmakers are again looking to create crypto legislation in the US following Ripple’s court win and the increase in Bitcoin ETF applications.
With the application on the SEC docket, members of the public will have 21 days to comment on Valkyrie’s proposal.
The US SEC has started reviewing all the spot Bitcoin ETF filings re-submitted by all applicants along with a “surveillance sharing” clause.
After 12 months of the planned launch, Jacobi Bitcoin ETF revealed that the first spot BTC ETF in Europe is about to see daylight.
Over the past decade, the SEC has rejected as many as 30 spot Bitcoin ETF applications from firms such as Gemini, Fidelity, and WisdomTree.
Coinbase will now join market surveillance sharing for Cboe ETFs even as market sentiments suggest BlackRock will win SEC approval.
According to Grayscale, the only way to eliminate SEC’s unequal treatment of BTC ETPs is “to allow proposed spot bitcoin ETPs like Grayscale’s to begin trading”.
According to the analyst, Bitcoin has a better chance of being valuable and stable as it has a fixed and constant supply compared to other forms of money.
The report acknowledges that physically-backed Bitcoin ETFs offer certain advantages over futures-based funds.
At the beginning of the week, Coinbase generated significant buzz with its announcement of potential collaborations with several asset managers.