
August 23rd, 2025
Grayscale Investments stated in its SEC meeting report that GBTC has expanded to accommodate more than 865,000 investors.
The SEC’s approval for a GBTC Bitcoin spot ETF is a “matter of ‘when’ and not ‘if’”, according to Grayscale CEO Michael Sonenshein.
In January the asset management company also filed with the SEC for approval on a Web 3-focused ETF.
The first Australia Bitcoin ETF will not take the usual route like other ETFs. Rather than investing directly in Bitcoin, the Fund will invest in shares of Purpose Investment’s Bitcoin ETF.
The SEC announced the approval in a filing on its website, adding Teucrium to a host of other bitcoin futures ETF issuers, just days after rejecting a spot Bitcoin ETF application from Cathie Wood-run ARK Investment Management LLC.
If the US SEC passes an approval, this would be the first US ETF that would allow betting against the performance of Bitcoin futures.
The crypto sector might see some respite regarding spot Bitcoin ETF approvals as the SEC could begin to approve them by next year.
With the Bitcoin futures initiative, Acorns is implementing its philosophy of diversification as well as applying principles of long-term investing.
The SEC has unsurprisingly extended its deadline on a decision to approve or disapprove two more spot Bitcoin ETF applications.
Crypto ETFs are financial tools for tracking specific asset values while allowing investors to diversify their portfolios absent token ownership. With this development, South Korea could become the latest country that has welcomed a crypto ETF into its jurisdiction.
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.