Crypto:
30627
Bitcoin:
$64.834
% 6.49
BTC Dominance:
%53.7
% 0.12
Market Cap:
$2.34 T
% 5.89
Fear & Greed:
52 / 100
Bitcoin:
$ 64.834
BTC Dominance:
% 53.7
Market Cap:
$2.34 T

What’s the Latest on Bitcoin Spot ETF Application ?

Tempory 107

The U.S. Securities and Exchange Commission (SEC) has recently delayed its decision on the spot Bitcoin ETF applications presented by Franklin Templeton and Hashdex. On the other hand, the fact that there is no refusal decision yet for other spot Bitcoin ETF and that the SEC has postponed, evaluating these investment products meticulously is welcomed.

So What’s The Latest Situation in Bitcoin Spot ETF Application?

SEC, Delayed Two Bitcoin ETF Decisions Again!

HashDex applied to convert its Bitcoin futures ETF to a HashDex Spot Bitcoin ETF in September 2023,

After reports in the media suggesting that the SEC may not have examined the initial paperwork thoroughly, Fidelity reapplied for Wise Origin Bitcoin Trust at the end of June.

BlackRock applied for the iShares Bitcoin Trust in June 2023. If approved, this trust will trade on Nasdaq with Coinbase Custody as the crypto custodian and BNY Mellon as the cash custodian.

Grayscale Investments is in the process of converting its spot Grayscale Bitcoin Trust (GBTC.PK) to an ETF. Last August, a federal appeals court decided that the SEC’s rejection of Grayscale’s application to form a spot BTC exchange traded fund was incorrect.

Ark Invest and 21Shares resubmitted the documents for their ARK 21Shares Bitcoin ETF. After the regulator refused the initial prospectus for not meeting fraud and market manipulation prevention requirements on 28 June.

After two previous rejections, WisdomTree submitted a new approval application for the WisdomTree Bitcoin Trust on 20 June.

Valkyrie Digital Assets applied to the SEC to launch the Valkyrie Bitcoin Fund under the acronym BRRR on 21 June.

READ:  Bitcoin ETF Decision Looms! BTC Moves Up!

Invesco and Galaxy Digital reactivated their application for Invesco Galaxy Bitcoin ETF, which they applied for in September 2021.

Finally, Swiss asset management company Pando Asset joined the growing list of companies applying for a Bitcoin Spot ETF.

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