
May 7th, 2025
The Bloomberg Future of Finance Index involves companies from diverse sectors like financial foundations, technology solutions, and digital asset infrastructure.
Speaking on this new delay, Blockchain Association official Jake Chervinsky said that the SEC has a new deadline on August 14.
The US SEC is a very cautious regulatory body, one which seems to be lagging behind other developed country’s regulators with respect to the approval of a spot Bitcoin ETF product.
The position of Bitcoin ETF proponents is that America can take the market lead from other advanced economies.
When GBTC began experiencing discounts of over 20% in October 2021, it filed for a formal application with the US SEC for a possible conversion of the product.
The company also announced stock splits between two of its cryptocurrency indices: the WisdomTree US Total Dividend Fund (DTD) and the WisdomTree U.S LargeCap Dividend Fund (DLN).
Leveraging on this innovation, Fidelity Clearing became Canada’s first IIROC-regulated dealer to offer a trading and custody solution for institutional investors.
The company’s move to introduce a spot Bitcoin ETF in Canada comes after the Securities Exchange Commission in the United States took too long to give a nod to a tedious debate on Spot Bitcoin ETF.
While the race for a functional spot ETF product continues, there are tens of both futures-based applications as well as those of the former that are awaiting SEC approval.
Two US lawmakers want to see spot Bitcoin ETFs included as an option for investors, instead of just futures-based options.
Meanwhile, the Bitcoin mining ecosystem has regained its balance from the crackdown on miners which pushed mining difficulty to record lows.
The world’s largest BTC fund, Grayscale is baking on SEC approval for a spot Bitcoin ETF instead of the recently launched futures ETFs.
Crypto.com is looking to ensure recognition in the crypto space and outside of it, by pumping $100 million into advertising efforts.
BTCR comes on the heels of the NYSE Arca-listed Bitcoin futures ETF launched by investment company ProShares last week.
The SEC seemingly has no appetite for non-regular ETF filings and may have struck down filings from Valkyrie and Direxion.