Expert Reveals What Updated XRP ETF Filings Mean In Battle For Approval
Bloomberg analyst James Seyffart has commented on the XRP ETF amendment filings and what they could mean in terms of a potential approval. These amendments followed the SEC’s delay of its decision on these funds till October, which is the final deadline. What The XRP ETF Amendment Filings Mean For Approval In an X post, […]
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According to Bloomberg Senior ETF analyst Eric Balchunas there are “good signs” that the SEC will approve Bitcoin futures ETF applications from Ark Invest and Valkyrie. Bloomberg’s senior ETF analyst says there are “good” signs that a Bitcoin ETF will soon be approved, pointing to Ark Invest filing for a Bitcoin futures ETF with an assigned ticker and Valkyrie updating its own ETF prospectus with a ticker. Cathie Wood’s Ark Investment Management LLC filed for a Bitcoin (BTC) futures ETF under the ARKA ticker, while Valkyrie has assigned its BTC futures prospectus with the BTF ticker.....
In what seems to be a significant step forward, ARK Invest/ 21Shares has submitted an updated version of its spot Bitcoin Exchange-Traded Fund (ETF) prospectus. This move follows after the SEC reached out to issuers a few weeks prior with comments and questions about their S-1 filings. Why A Spot Bitcoin ETF Draws Closer Bloomberg’s […]
The listing of BlackRock’s Bitcoin ETF on DTCC has raised the hopes of many crypto enthusiasts on the potential approval of spot BTC ETFs. However, a renowned ETF expert has discouraged this optimism, stating that the recent DTCC listing has no significance. BlackRock DTCC Listing Downplayed Chief Executive Officer of Armada ETFs, Phil Bak took […]
The Bitcoin price has surged to a 2-month high of $29,450 today, reflecting a 3.3% increase within the last 24 hours. While several factors could have contributed to this rally, four principal drivers appear to dominate discussions. #1 Expectations Of A Spot Bitcoin ETF Approval There’s palpable excitement within the community as rumors intensify about the US Securities and Exchange Commission (SEC) potentially approving the first-ever spot Bitcoin ETFs. Currently, the SEC is actively engaging with prominent applicants including Grayscale, BlackRock, Fidelity, Invesco, and Ark....
An analyst has suggested that the approval of a Bitcoin (BTC) Spot exchange-traded fund (ETF) is unlikely to happen this year, dampening the optimism that surged in the crypto sector following Grayscale’s recent legal victory against the US Securities and Exchange Commission (SEC). The SEC has extended its decision deadline on seven ETF filings, causing […]