
June 15th, 2025
The SEC cited the reason of its interim suspension stating that the funds create a “confusion amongst market participants.”
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.
SEC says that the insufficient volumes of Bitcoin Futures don’t satisfy the agency’s rules to prevent fraud and manipulation.
The U.S. SEC is set to approve or deny the two ProShares Bitcoin ETFs filed in 2017 on 23 August. If approved, the ETF’s performance would be tracked on popular exchanges like the Cboe and CME.
The U.S. SEC will be analyzing ETFs from SolidX, VanEck, ProShares, and others within the next two months. If get approved, institutional investors can enter the market and facilitate the growth of the most important cryptos prices.
The crypto market sentiment has been severely driven down after the rejection of CBOE Bitcoin ETF, the ripple effect of which is spread all over.
Bitcoin declines by over 6% in the last 24-hours while the overall cryptocurrency markets lost over $20 billion.
The wealth managing firm believes that SEC will take all its time it can, instead of falling for the market euphoria, and extend the decision till March 2019.
The Philippine SEC has introduced the draft rules on how companies can fundraise via ICO whereas all token are defined as securities by default.
Here is a look at the latest developments and expert opinions on Bitcoin, the cryptocurrency market regulations and the arrival of Bitcoin ETF.
The optimism surrounding the arrival of Bitcoin ETF continues to grow further as VanEck explains the merit of ETF product and how it can reduce market manipulation.
The widely discussed rejection was not unanimous. Hester Peirce, the SEC Commissioner who voted for the Winklevoss initiative, published an official dissent to the disapproval. The strong reasoning in favor of Bitcoin ETFs may cast doubts among supporters of the Commission’s decision.
The SEC argued that the rule changes to tackle fraud and manipulation made by BZX exchange did not meet the requirements of Exchange Act and the commission’s existing guidelines.
More than 97% of people commenting on the SEC website have shown sincere interest in Bitcoin ETF. The SEC ruling is expected to arrive by September.
As a part of this approval, Coinbase will be able to list the ICOs on their platform and thus trade digital tokens that are deemed as securities.