Cryptocurrency Q&A
Did SEC reject a spot bitcoin exchange-traded fund application?
Did SEC reject a spot bitcoin exchange-traded fund application?
WindRider
Thu Oct 03 2024
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7 answers
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Hello there, I'm curious to know about the recent developments in the cryptocurrency space. Can you clarify if the U.S. Securities and Exchange Commission (SEC) has indeed rejected an application for a spot bitcoin exchange-traded fund (ETF)? If so, what were the main reasons behind this decision? How does this affect the broader cryptocurrency market and investors' sentiment towards bitcoin and other digital assets? Additionally, are there any alternative routes or strategies being explored to make bitcoin ETFs a reality in the near future?
7 answers
FantasylitElation
Fri Oct 04 2024
The U.S. Securities and Exchange Commission (SEC) has announced its decision not to challenge a recent court ruling.
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Chiara
Fri Oct 04 2024
The approval of a spot Bitcoin ETF would have opened up new avenues for investors to gain exposure to the digital asset class.
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Andrea
Fri Oct 04 2024
However, with the SEC's decision to not appeal, the timeline for such an approval remains uncertain.
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GangnamGlitzGlamour
Fri Oct 04 2024
The ruling in question pertained to the rejection of a spot bitcoin exchange-traded fund (ETF) application submitted by Grayscale Investments.
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SsamziegangStroll
Fri Oct 04 2024
The source, who is familiar with the matter, confirmed that the SEC will not appeal the court's decision.
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