Bitcoin ETF applications are booming again! 🔥Recently, the U.S. Securities and Exchange Commission (SEC) once again postponed the decision to apply for a Bitcoin spot ETF by seven companies. Among them, the decision-making deadlines for BlackRock, Fidelity, VanEck, WisdomTree, Invesco Galaxy, Valkyrie and Bitwise have been extended to October 17, 19 and 16 respectively. Although the application has been repeatedly delayed, the market's enthusiasm for Bitcoin spot ETFs remains undiminished.
Since this year, Wall Street giants have joined the battle to apply for Bitcoin ETFs. BlackRock, Fidelity, WisdomTree and other companies have successively submitted applications for spot Bitcoin ETFs. Although the SEC is cautious about issues such as market manipulation, liquidity and the inherent volatility of crypto industry assets, analysts predict that the probability of a Bitcoin spot ETF launching has increased to 75% this year and 95% by the end of 2024.
Previously, Ripple Labs won a three-year lawsuit with the SEC, and the judge held that XRP was not a security. The ruling raises hope for Bitcoin ETF applications. In addition, the news that Grayscale won its lawsuit against the SEC also increased the possibility of the SEC approving a spot Bitcoin ETF.
Once the Bitcoin spot ETF is officially listed in the United States, it will become a milestone event in the global blockchain field, which means that the US regulatory authorities have legally recognized the legal status of Bitcoin as a financial product, and Bitcoin will gain unprecedented influence. What do you think about the application for Bitcoin ETF? Feel free to speak freely in the comment area!
Since this year, Wall Street giants have joined the battle to apply for Bitcoin ETFs. BlackRock, Fidelity, WisdomTree and other companies have successively submitted applications for spot Bitcoin ETFs. Although the SEC is cautious about issues such as market manipulation, liquidity and the inherent volatility of crypto industry assets, analysts predict that the probability of a Bitcoin spot ETF launching has increased to 75% this year and 95% by the end of 2024.
Previously, Ripple Labs won a three-year lawsuit with the SEC, and the judge held that XRP was not a security. The ruling raises hope for Bitcoin ETF applications. In addition, the news that Grayscale won its lawsuit against the SEC also increased the possibility of the SEC approving a spot Bitcoin ETF.
Once the Bitcoin spot ETF is officially listed in the United States, it will become a milestone event in the global blockchain field, which means that the US regulatory authorities have legally recognized the legal status of Bitcoin as a financial product, and Bitcoin will gain unprecedented influence. What do you think about the application for Bitcoin ETF? Feel free to speak freely in the comment area!