Loading...
The US Securities and Exchange Commission (SEC) has been ordered by a court to re-evaluate Grayscale's Bitcoin exchange-traded fund (ETF) application. The court ruling sends the ETF application back to the SEC for further review. SEC Commissioner Hester Peirce expressed confusion over the delay in approving a Bitcoin ETF, stating that the logic behind the decision has always mystified her. The court order comes after Grayscale's victory in the D.C. Circuit Court of Appeals, which deemed the SEC's rejection of the ETF application as 'arbitrary and capricious.'
The Bitcoin spot ETF will sadly be a bearish event due to the overly optimistic expectations. Mutual funds or pension funds looking for beta correlation to Bitcoin's price already have options. Bitcoin ETF futures have been around since 2021. Grayscale BTC, Microstrategy, and… https://t.co/YHMF0PnsoZ
A spot bitcoin ETF approval is "pretty much an inevitability," Swan Bitcoin CEO @coryklippsten says. "As far as timing, I have been handicapping it as basically Q1, but it does seem like there is a smaller chance, obviously, of it happening sooner." https://t.co/LjGa73jCCm
The quest for a spot BTC ETF has always been controversial among crypto advocates. While it has many potential benefits for investors and BTC’s price, some have argued that it isn’t true to the spirit of crypto. @davidzmorris writes https://t.co/86qTv4hUSA
🥇The potential approval of a spot bitcoin ETF is a significant event because, says Alex Thorn, it will increase accessibility to digital assets among wealth managers affiliated with banks and broker dealers and other financial services organizations. Here’s why Alex thinks… https://t.co/eXzN8bVcUF https://t.co/dQuCcBK2ej
NEW: #Bitcoin FUD article out of FT downplaying the significance of a spot ETF approval 👀 “Chances are that by next year it'll all be forgotten, by which time there will be another bitcoin halving event to look forward to.” 🤔 https://t.co/sbkCd9QNxe
What the #SEC approval of spot Bitcoin ETF could mean for #crypto investors: #bitcoin #spotbitcoin #investing #finance @Vetta_Fi Read more: https://t.co/4GDvNoopcU https://t.co/C1R6StHmNo
What would a spot bitcoin ETF approval mean for the industry? https://t.co/CHcKNGEkw7
JUST IN: 🇺🇸 Former SEC attorney says approval of a spot #Bitcoin ETF is NOT a given 👀 https://t.co/mXyg48VhZU
A spot bitcoin ETF approval is "pretty much an inevitability," Swan Bitcoin CEO @coryklippsten says. “As far as timing, I have been handicapping it as basically Q1, but it does seem like there is a smaller chance, obviously, of it happening sooner.” https://t.co/uLOHxKhzXy
Amazingly, given what's still a deep bear market in #bitcoin, a consensus has kind of emerged that approval of a spot ETF might be a "sell the news" event. Not so fast, says EY's Paul Brody. @SteveAlpher reports https://t.co/pzucLCPGhd
Discussing the fake Bitcoin ETF news https://t.co/CNvmkSwXDm
Court Mandate Urges SEC to Reassess Grayscale's #Bitcoin ETF Application https://t.co/vGgbCKwsZ8
The D.C. Circuit Court of Appeals closed the books on a dispute between the U.S. SEC and Grayscale, with a final ruling that effectively orders the agency to scrap its rejection of the asset manager's spot bitcoin ETF application, SEC was "arbitrary and capricious" in its… https://t.co/s2PkfAQi0t
ICYMI: US Court confirms Grayscale ruling, says SEC must re-review bid for spot bitcoin ETF https://t.co/o8bWuKetyF
ICYMI: Bitcoin spot ETF is years overdue, says ‘mystified’ SEC commissioner https://t.co/H1uLGgqNaz
With a court order compelling a new look, will the @SECgov find a new reason to reject Grayscale's Bitcoin spot ETF application?. https://t.co/OMNKWUaHzl
SEC Ordered to Re-Evaluate Grayscale's #Bitcoin ETF Conversion With Court Mandate https://t.co/vGgbCKx0OG
SEC Ordered to Review Grayscale’s Bitcoin ETF Application ► https://t.co/Y6q3daUpTy https://t.co/Y6q3daUpTy
JUST IN: A federal appeals court affirmed Grayscale's victory in creating a #Bitcoin ETF, overturning the SEC's rejection. The SEC must now review the proposal. 🙌 Judge Neomi Rao deemed the SEC's denial "arbitrary and capricious."👀 https://t.co/Mp2tApHSqy
🚨 BREAKING: SEC instructed by judge to reconsider Grayscale's Spot Bitcoin ETF application.
JUST IN: 🇺🇸 US Court of Appeals issues mandate that the SEC must re-review Grayscale's spot #Bitcoin ETF application. https://t.co/fN1zIKtxVk
.@Grayscale's bitcoin ETF application saga has now left court and is back in the hands of the @SECGov, which is under orders to give the application another look -- but this time without being able to reject it on the same grounds. @SteveAlpher reports https://t.co/J5O5QNv5tq
JUST IN: 🇺🇸 Judge orders SEC to re-review Grayscale's bid for a Spot #Bitcoin ETF.
GRAYSCALE COURT RULING SENDS #BITCOIN ETF APPROVAL BACK TO SEC
US Court confirms Grayscale ruling, says SEC must re-review bid for spot bitcoin ETF https://t.co/FJkJjGbDiv
🚨BREAKING: COURT ORDER SENDS $GBTC ETF BACK TO SEC FOR APPROVAL, TELLS SEC NEXT STEPS TO TAKE WITH GRAYSCALE BITCOIN ETF https://t.co/KVhlQyLkDS
Grayscale court ruling sends bitcoin ETF approval back to SEC, per Bloomberg.
🔴 GRAYSCALE GETS A COURT ORDER IN A FIGHT WITH THE SEC OVER THE BITCOIN ETF.
⚠️ GRAYSCALE GETS COURT ORDER IN FIGHT WITH SEC OVER BITCOIN ETF
⚠️ GRAYSCALE COURT RULING SENDS BITCOIN ETF APPROVAL BACK TO SEC
Recent steps taken by the SEC in approving ether ETF applications are a precursor to what could happen with spot-bitcoin ETF applications - all of them could get approved simultaneously, according to Volatility Shares' Stuart Barton. By @amitoj https://t.co/bIPk6xNtWj
Almost $100 million liquidated over false news of Bitcoin ETF approval October 16, 2023 https://t.co/l7MdTVD745 https://t.co/qeCOIVd2v1
"I've been thinking we should approve [a bitcoin ETF] for the last five years, so the logic for why we haven't has always mystified me," SEC Commissioner Hester Peirce tells @SquawkCNBC. https://t.co/1Tt7nfyEvg https://t.co/Cb1dIoiSzy
JUST IN: 🇺🇸 SEC Commissioner says the "logic for why we haven't approved a Spot #Bitcoin ETF has always mystified me." https://t.co/A5YRuT2gdA
What happened this week in the Crypto market ➡️ https://t.co/GXK1CtkCDY 🔘 The Fake Bitcoin ETF News cc: @jdorman81 https://t.co/g5lCBlHKtS
JUST IN - 🇺🇸 SEC Commissioner says "the logic for why we haven’t approved a #Bitcoin ETF has always mystified me" 👀 https://t.co/X1aaMoVAmP
So etf approval is happening this week or is this still accumulation from the fake news pump?