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VanEck, the New York-based asset management firm, has submitted an amended application for a spot Bitcoin ETF to the United States SEC. Taking a unique approach that sets it apart from other applicants in the spot Bitcoin ETF market, VanEck submitted revised filings concerning its fund seeding on Oct. 27. Andddddd @vaneck_us joins the amendment filings for spot #bitcoin ETF issuers. h/t @NateGeraci pic.twitter.com/zdYuUTAaE6 — James Seyffart (@JSeyff) October 29, 2023 Notably, VanEck faced its third rejection from the U.S. SEC on March 10 for its proposal to list and trade shares of its Bitcoin Trust, further stalling its efforts to launch a spot Bitcoin ETF. These rejections are part of a broader pattern where the SEC has consistently turned down various digital asset ETFs, citing concerns over potential market manipulation. You might also like: JPMorgan foresees lawsuits for SEC on spot Bitcoin ETF rejections VanEck’s Bitcoin ETF application introduces B...

From market metrics to ETF aspirations, uncover what drives BTC’s price in October. Riding the wave of a largely positive October for cryptos, Bitcoin (BTC) breached the $35,000 barrier on Oct. 23, a high it hadn’t seen since May 2022 As of Oct. 24, the price of BTC has been oscillating between $34,000 and $34,500, demonstrating a slight consolidation after the recent high. Moreover, the year has been fruitful for BTC so far, with its year-to-date (YTD) gains exceeding 100%, specifically standing at 103%.  This bullish momentum is largely fueled by the anticipation that a spot BTC ETF might soon receive a green light, escalating mainstream adoption. Several key players like Grayscale and Blackrock have thrown their hats in the ring, applying for ETF approval, adding more fuel to the market’s bullish stance.  Let’s delve deeper into the factors influencing Bitcoin’s performance, the metrics, and market sentiments and try to understand where BTC might be...

According to McClrug, he expected the ETFs to be approved, denied, or moved on this week. However, the Securities and Exchange Commission (SEC) quickly delayed the decision after losing the legal battle in the Grayscale Bitcoin ETF case last week to prevent further speculation. The SEC’s deliberation pushed back the approval of the Bitcoin ETF s to October this year. advertisement He mentioned the Grayscale ETF case and discussed what the SEC would do in the future as they can’t move on a dime and must proceed cautiously regarding appeal. The CIO of Valkyrie, Steven McClurg gave some brilliant insights into the possible outcomes of the approval in the interview. Will Bitcoin ETFs Be Approved In October? The interviewer asked the Chief Officer at Valkyrie, Steven if there would be a material movement for the ETFs to be approved in October this year and what that would mean for the market. Steven answers, “I would actually give a greater than 50 ...

The US Securities and Exchange Commission (SEC) has accepted BlackRock’s application for a spot Bitcoin exchange-traded fund (ETF). The SEC’s official calendar now shows BlackRock’s application will be published in the Federal Register, starting a 21-day public comment period. On the docket BlackRock’s application to launch a spot Bitcoin exchange-traded fund (ETF) has been added to the SEC docket as part of the proposed rule change process.  This latest development, recorded on July 13, represents a significant milestone for the Bitcoin-related proposal currently being screened by the SEC. BlackRock initially submitted its filing in June. However, it recently caught the attention of the SEC, prompting an update. The revised application featured a provision for “surveillance-sharing,” specifically with Coinbase. You might also like: SEC accepts bitcoin ETF applications from BlackRock, Fidelity, Galaxy Digital Before the announcemen...

Invesco, an investment management organization overseeing assets worth $1.49 trillion, recently filed a new application for a spot bitcoin exchange-traded fund (ETF). The move follows Invesco’s initial joint application with Galaxy Digital in 2021.  The latest filing highlights Invesco’s strong belief in the pressing necessity for a spot bitcoin ETF, emphasizing that the absence of such a product exposes investors to riskier alternatives. The company cited instances of platform companies facing bankruptcy, including FTX, Celsius Network, BlockFi, and Voyager Digital Holdings. https://t.co/CuTRwyJwY2 — Watcher.Guru (@WatcherGuru) June 21, 2023 According to a recent filing with the Securities and Exchange Commission (SEC), Invesco has again shown keen interest in establishing a spot bitcoin ETF. The application emphasizes the urgent need for such a product, as the lack thereof leads investors towards riskier options. Invesco believes that the availability of a...