Alexander Gloy’s Post

Data on the Depository Trust and Clearing Corporation (DTCC) website is being used as evidence that Blackrock is preparing for the ETF's launch. An SEC approval of the ETF would likely mean that many other Bitcoin ETF approvals are coming. The price of Bitcoin is officially up 107% this year alone, adding over $300 billion of market cap...

U.S. SEC Chair, Gary Gensler confirms smooth progress towards approving the Ethereum ETF, potentially launching this summer pending final steps in disclosure and registration. Analysts foresee a promising market akin to Bitcoin ETFs, albeit on a smaller scale. Stay tuned as the ETF ecosystem expands, offering new avenues for investors to engage with digital assets. Read the full article here: https://lnkd.in/gYN2GAXj #Ethereum #CryptoInvesting #ETFs #SECApproval #newzchain

#MoneyMovesMonday - SEC approved Nasdaq, CBOE, and NYSE to list ether ETFs 📈 - Nine firms, including VanEck and BlackRock, plan to launch ether ETFs 🚀 - SEC's move is a significant step for crypto industry growth 💼 - Success of bitcoin ETFs influenced ether ETF approval 💰 - SEC must approve ETF registration statements before trading 📝 - Uncertain timeline for SEC decision on registration 🕒 - Investors poured over $30 billion into crypto ETFs 🌐 - Regulators in US and UK support crypto industry 🏛️

It's not entirely surprising, but the U.S. Securities and Exchange Commission delayed a decision on Hashdex's application for a spot bitcoin ETF and action on Grayscale's attempt to launch an ether futures ETF in two separate filings on Thursday. Both filings faced initial deadlines of Nov. 17 for a decision, but the SEC said it was extending this window. The delays come amid heightened anticipation of a spot bitcoin ETF approval by the federal regulator, which has so far rejected every attempt to list such a product for the general investing public. https://lnkd.in/gq9MnRHQ #BTCETF #ETHETF #exchangetradedfunds #regulators #regulation #regulations #BTC #ETH

The United States Securities and Exchange Commission (SEC) has decided to extend its review period for the ARK 21Shares Bitcoin ETF to January 2024, invoking the maximum allowable delay. The SEC stated that the reason behind the extension is the need for the regulatory agency to have sufficient time to carefully evaluate the proposed changes and related issues.  #Coinbay #SEC #ETF #Bitcoin #ARK

We’re proud to announce that NYSE Arca has filed Form 19b-4 with the Securities and Exchange Commission to convert Grayscale Ethereum Trust (OTCQX: ETHE) to a spot Ethereum ETF. #ETHE launched in March 2019, and has grown into the largest Ethereum investment vehicle in the world. This filing comes on the heels of the SEC’s clearance of the first Ethereum futures ETFs to trade in the United States. Just like with spot Bitcoin ETFs, we believe that investors should have the option of a product that holds spot Ethereum. https://lnkd.in/eur9hPae

The United States Securities and Exchange Commission (SEC) officially approved Bitcoin ETF applications by 11 companies. As a result, the company’s spot Bitcoin ETF product has also been listed on the stock market today (01/11). In more detail, these eleven issuers cover BlackRock, Grayscale, Ark Investments/21Shares, Bitwise, WisdomTree, Fidelity Wise Origin, VanEck, Invesco Galaxy, Valkrie, Hasdex, and Franklin. Six ETFs will be listed on the Chicago Board Options Exchange (CBOE), while three will be on the New York Stock Exchange (NYSE), and two will trade on the Nasdaq. Read more at https://buff.ly/48sEmvf #news #LatestNews #Bitcoin #Investments #heaptalk #crypto #stock #market

Rollercoaster for #Bitcoin investors: first, the SEC lost its case against Grayscale (who wants to convert its listed Bitcoin Trust into an ETF). People assumed that would open the floodgates for all the other applicants waiting to launch Bitcoin #ETF. But today, the SEC delayed all pending applications further (Valkyrie, Invesco, Wisdom Tree, BlackRock and Fidelity). The price accordingly fell back to 26k:

The SEC decided not to appeal the court's ruling in the #Grayscale Case — the conversion of GBTC into a Bitcoin ETF! Discussions with Grayscale are now on the SEC's agenda, with a new response expected within the next 2 weeks, as ETF analyst James Seyffart has shared. In response to this, #Bitcoin (BTC) briefly saw a surge, nearing the $27,000 mark. In parallel, the review and approval of Ethereum futures ETFs are advancing swiftly — ProShares Short #ETH ETF Strategy is set to launch and commence trading on Oct 16. There's growing anticipation for significant ETF updates in the second half of #Uptober!

👉 Yesterday, VanEck's ethereum ETF - the very one that will face the SEC's decision today - was listed by the Depository Trust and Clearing Corporation under the symbol "ETHV". 👉 This means that the first phase of approval, i.e. the approval of the ETF as such, is done. 👉 The second phase remains, that is, allowing the ETF to be traded on the market. This can happen today or be postponed for a while, but in the end the basic approval is the first one, the one already obtained. 👉 It seems to me that the news has already been discounted by the market, as happened with the Bitcoin ETFs