Galaxy Digital CEO Michael Novogratz expressed confidence that U.S. spot bitcoin exchange-traded funds (ETFs) will finally be approved by regulators this year. In a recent CNBC interview, Novogratz predicted the SEC would give the green light to spot bitcoin ETFs before the end of 2023. He cited mounting pressure on the SEC following Grayscale’s court […]
According to crypto data firm CryptoQuant, Bitcoin’s market capitalization could surge to $900 billion in 2024 if the SEC approves spot crypto exchange-traded funds (ETFs). In a new report, CryptoQuant estimated that this influx of institutional investment, even if just 1-2% of assets are allocated, could boost BTC’s market cap from current levels of around […]
Bitcoin (BTC) has surged past the $28,000 mark, marking its highest price point in over a month. This remarkable rally is attributed to several factors, primarily the growing optimism surrounding exchange-traded funds (ETFs) and the prevailing seasonal trends in the crypto market. The $28,500 level has historically played a pivotal role in Bitcoin’s price action, […]
Grayscale Investments has called upon the U.S. Securities and Exchange Commission (SEC) to expedite the approval of its pioneering exchange-traded fund (ETF) linked to Bitcoin. This request comes on the heels of a significant court victory for the cryptocurrency asset manager, which may potentially reshape the crypto investment landscape. SEC’s Bitcoin ETF Dilemma A recent […]
The SEC’s recent decision to delay rulings on several spot bitcoin ETF applications isn’t deterring former SEC Chair Jay Clayton. He still believes approval is on the horizon despite the ongoing regulatory reluctance. In a September 1st interview with CNBC, Clayton stated that major financial institutions backing spot bitcoin funds signal a shift in how […]
The U.S. Securities and Exchange Commission (SEC) may come up with new justifications for rejecting applications for spot bitcoin exchange-traded funds (ETFs), analysts say. This comes after a court ruling this week compelled the regulator to revisit its rejection of Grayscale’s spot bitcoin ETF application. In a report on Wednesday, analysts at German investment bank […]