December 24th, 2025
The price of Bitcoin could continue its way upwards as the SEC mulls spot ETF applications, leading to a new 2023 high for the king coin.
Fink believes that a spot Bitcoin ETF has the potential to be as revolutionary for the financial sector in general as traditional ETFs were for the mutual fund industry.
While the Binance.US market share remains on the downside, the Coinbase share has somehow managed to appreciate.
There is a recorded rally in some Bitcoin stocks as the push for a spot BTC ETF continues with Cboe submitting multiple refilings.
The Nasdaq exchange refiled the Bitcoin ETF application after the SEC insisted the earlier documents were not clear despite being issued by the BlackRock investment fund manager.
The Gemini founders filed for the first Bitcoin ETF with the US SEC ten years ago, which was rejected for almost the same reason the recent BlackRock and Fidelity products were dismissed.
Following BlackRock’s growing chance of an approval, Fidelity Investments has submitted another application for a spot Bitcoin ETF.
Cboe has amended its spot Bitcoin ETF proposal to include an SSA agreement for market surveillance, to prevent fraudulent activity.
Ledger launched an institutional-grade trading network to meet the risk management and regulatory requirements of institutions.
The SEC may prefer to give BlackRock the approval because of its reputation.
Once the investment giant Fidelity files for a spot Bitcoin ETF with the US SEC, it will be the second time following the dismissal of the first one two years ago.
Allaire noted that progress has been made in putting necessary market structures in place.
As per Bernstein research, there is the “headroom for a compliant ETF to grow its share as a bitcoin on-ramp solving the pain of custody”.
According to recent data, Bitcoin’s market depth and liquidity may be the reason why the king coin is still climbing in June.
Amid the strong recovery in the Bitcoin price this year, ProShares’ BITO witnessed a strong resurgence with growing institutional inflows.