Coin circle news focus:
Valkyrie suspends Ethereum futures, pending formal U.S. regulatory approval
US government avoids shutdown, crisis extended to mid-November
SEC delays review of multiple Bitcoin spot ETF applications, results announced in 2024
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Prices of Bitcoin and other cryptocurrencies | CoinGecko Top 100 Cryptocurrencies (2023.10.01 AM 08:00 ~ 2023.10.02 AM 08:00
Coin News Focus
Valkyrie suspends purchases of Ethereum futures, pending official U.S. regulatory approval
Asset management company Valkyrie said last Thursday that the U.S. Securities and Exchange Commission (SEC) has officially approved its inclusion of Ethereum futures products into the Bitcoin Investment Strategy ETF (BTF). However, last Friday Valkyrie announced that it would suspend this decision and still needs to wait for formal approval from the SEC. Buy.
According to Bloomberg ETF analyst Eric Balchunas, Valkyrie temporarily terminated the purchase of Ethereum futures because the SEC does not want to allow Valkyrie to have privileges when relevant regulations and policies are not yet clear, and will try to prevent any company like BITO (ProShares Bitcoin) in 2021. Strategy ETF) self-listing.
Ethereum was trading at $1,733 at press time, up 3.7% in the past 24 hours and 9.1% in the past seven days.
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US government avoids shutdown, crisis extended to mid-November
One of the issues of global concern recently is whether the U.S. government can pass a budget bill so that the government can continue to operate normally. Last Sunday, U.S. government officials reached an agreement at the last critical moment to successfully avert a government shutdown. Republicans and Democrats reached an agreement to approve a short-term funding bill, delaying the risk of a government shutdown until mid-November.
The Senate, currently dominated by Democrats, passed the bill 88-9 to avert the fourth partial government shutdown in a decade. This bill has been sent to U.S. President Biden for signature, allowing the market to temporarily not worry about the potential impact of the U.S. government shutdown on risk asset prices.
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SEC delays review of multiple Bitcoin spot ETF applications, results announced in 2024
The U.S. Securities and Exchange Commission continues to review the speed of its review amid a possible U.S. government shutdown and has chosen to delay applications for Bitcoin spot ETFs from Fidelity, VanEck and WisdomTree.
The SEC said it is initiating additional proceedings to determine whether the ETFs' applications should be approved or denied. The current SEC will have to choose whether to approve the application for a Bitcoin spot ETF as soon as January 2024.
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