December 23rd, 2025
With VanEck facilitating OTC trades for its Bitcoin ETF, there is a higher possibility that the SEC might approve its proposal.
After a heavy bashing over the last weekend, Bitcoin and the crypto market showing marginal recovery.
Alex Krüger is betting high on the launch of ICE’s Bakkt platform to trigger the next Bitcoin price surge. He also looks optimistic about the CBOE Bitcoin ETF expected to arrive by March 2019.
BlackRock’s Larry Fink showed that he is eager to believe in the potential of crypto. According to him, cryptos could one day be seen as a good way to store wealth, but not necessarily now.
The CBOE Bitcoin proponents argue that SEC has been shifting goal posts while questioning about the lack of “significant” market size for Bitcoin derivatives.
Pending the regulatory approval from CFTC, the physically-settled Bitcoin futures on Bakkt is expected to go live on 12th of December.
The SEC has set a new deadline till the October end for public comments after which the securities agency will start reviewing the proposed rule changes.
VanEck director Gabor Gurbacs said that the company is firm in its decision to get “a liquid, insured and appropriately regulated physical bitcoin ETF” in the market.
The SEC has sought for comments to “address the sufficiency of the Exchange’s statements in support of the proposal, which are set forth in the Notice.”
Though the crypto community doesn’t have a single opinion about the future of the market, some experts believe that BTC will go up.
Coinbase is considering an opportunity to join forces with the biggest asset manager in the world, BlackRock, with a view to develop a Bitcoin exchange-traded fund (ETF).
While some experts are not very optimistic about the future of Bitcoin, some other believe that Bitcoin is likely to strengthen its positions.
According to Antonopoulos, ETFs, if thought of as instruments, allow investors to just speculate around the price of cryptocurrency but not actually hold them.
The data also show a consistent drop in the ‘HODL’ frequency, while on the other hand there a growing ‘REKT’ frequency.
SEC Commissioner Hester Peirce explained that the agency might reconsider its decision as the ruling was originally drafted by SEC staff members on behalf of the leadership.