the spot bitcoin ETF applications of Grayscale Investments and Bitwise. Grayscale Investments is a subsidiary of CoinDesk parent Digital Currency Group.
The SEC has repeatedly cited concerns about applicants’ ability to prevent market manipulation and protect investors, although the agency has approved multiple bitcoin futures ETFs. “Spot commodities and currency markets for which it has previously approved spot ETPs are generally unregulated and that the Commission relied on underlying futures market as the regulated market of significant size that formed the basis for approving the series of Currency and Commodity-Based Trust Shares, including gold, silver, platinum, palladium, copper, and other commodities and currencies,” VanEck noted in its filing.
A spot bitcoin ETF is comprised of bitcoin or assets related to bitcoin's price. Proponents of a spot bitcoin ETF approval have argued the product would offer a low-cost and easily accessible way for individuals and institutions to invest in bitcoin.against the U.S. Securities and Exchange Commission barely an hour after its rejection, asking the U.S. Court of Appeals for the District of Columbia Circuit to review the SEC's order.
JPRubin23
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JPRubin23 So they can counter sue too 😂
JPRubin23 This news caused panic buyers to buy and provided exit liquidity for whales
JPRubin23 Here we go again... Starting to feel like GroundHogDay, or is it? 👀 Who actually expected this in 2018 😂 That would have been way too early. IYKYK 🔺💎👌 BTC 👻 GhostKidDAO DAO BTC NFT cryptocurrency
JPRubin23 Come on, they are not going to approve any until the crypto exchanges are regulated by the SEC. Give it up, bro
JPRubin23 Run it back
JPRubin23 DroverToken Droverinu
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