Investment firm VanEck has filed a new application for a spot bitcoin ETF. JPRubin23 reports
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.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Grayscale Files Lawsuit Against SEC Over Spot Bitcoin ETF Rejection – Finance Bitcoin NewsGrayscale has filed a lawsuit against the SEC over the regulator's decision to reject its spot bitcoin ETF application. $BTC crypto cryptocurrency
Read more »
BREAKING: Grayscale launches legal challenge to Bitcoin spot ETF rejectionGrayscale has been denied its application to convert its Grayscale Bitcoin Trust into a spot-based Bitcoin ETF. In response it has initiated a lawsuit to challenge the decision.
Read more »
U.S. SEC rejects Grayscale's spot bitcoin ETFThe U.S. Securities and Exchange Commission on Wednesday rejected a proposal to list a spot bitcoin exchange-traded fund (ETF) by Grayscale, one of the world's biggest digital asset managers, on Intercontinental Exchange Inc's NYSE Arca exchange.
Read more »
Grayscale Sues SEC Over Bitcoin ETF Application RejectionJUST IN: Grayscale has sued the SECNews for rejecting its bitcoin ETF conversion application, arguing that it's treating spot and futures-based bitcoin ETF applications differently. nikhileshde reports
Read more »
SEC Rejects Grayscale’s Spot Bitcoin ETF ApplicationBREAKING: The SECNews has rejected Grayscale’s application to convert the massive Grayscale Bitcoin Trust into an ETF. mikeybellusci reports
Read more »
Grayscale sues SEC after rejection of bid to turn the largest bitcoin fund into an ETFThe U.S. Securities and Exchange Commission cited a failure by Grayscale to answer questions about concerns around market manipulation.
Read more »