Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The survey also revealed that while the number of clients allocating funds to cryptocurrencies has decreased slightly from previous years, the current figure still surpasses the interest levels seen in 2019 and 2020.<\/p>\n\n\n\n Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The survey also revealed that while the number of clients allocating funds to cryptocurrencies has decreased slightly from previous years, the current figure still surpasses the interest levels seen in 2019 and 2020.<\/p>\n\n\n\n Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related:<\/em><\/strong> Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n The survey also revealed that while the number of clients allocating funds to cryptocurrencies has decreased slightly from previous years, the current figure still surpasses the interest levels seen in 2019 and 2020.<\/p>\n\n\n\n Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Grayscale<\/a>, a leading digital asset manager, remains optimistic about the approval of their Bitcoin Trust (GBTC) into a spot Bitcoin ETF. They aim to have the fund listed on the NYSE Arca exchange, a move that would mark a significant development in the crypto investment landscape.<\/p>\n\n\n\n See Related:<\/em><\/strong> Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n The survey also revealed that while the number of clients allocating funds to cryptocurrencies has decreased slightly from previous years, the current figure still surpasses the interest levels seen in 2019 and 2020.<\/p>\n\n\n\n Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Intriguingly, despite their doubts, a vast majority of the advisors (88%) expressed interest in purchasing Bitcoin for their clients, contingent on the availability of an ETF. This reflects a growing interest in incorporating cryptocurrencies into traditional investment portfolios.<\/p>\n\n\n\n Grayscale<\/a>, a leading digital asset manager, remains optimistic about the approval of their Bitcoin Trust (GBTC) into a spot Bitcoin ETF. They aim to have the fund listed on the NYSE Arca exchange, a move that would mark a significant development in the crypto investment landscape.<\/p>\n\n\n\n See Related:<\/em><\/strong> Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n The survey also revealed that while the number of clients allocating funds to cryptocurrencies has decreased slightly from previous years, the current figure still surpasses the interest levels seen in 2019 and 2020.<\/p>\n\n\n\n Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The poll, which included 437 financial advisors, showed a split in opinion: approximately 40% expressed confidence in the availability of a Bitcoin ETF for American investors by 2024, while the majority held reservations. This cautious stance is noteworthy, especially since prominent crypto firm Grayscale has asserted that the approval of a Bitcoin ETF is not a question of 'if' but 'when'.<\/p>\n\n\n\n Intriguingly, despite their doubts, a vast majority of the advisors (88%) expressed interest in purchasing Bitcoin for their clients, contingent on the availability of an ETF. This reflects a growing interest in incorporating cryptocurrencies into traditional investment portfolios.<\/p>\n\n\n\n Grayscale<\/a>, a leading digital asset manager, remains optimistic about the approval of their Bitcoin Trust (GBTC) into a spot Bitcoin ETF. They aim to have the fund listed on the NYSE Arca exchange, a move that would mark a significant development in the crypto investment landscape.<\/p>\n\n\n\n See Related:<\/em><\/strong> Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n The survey also revealed that while the number of clients allocating funds to cryptocurrencies has decreased slightly from previous years, the current figure still surpasses the interest levels seen in 2019 and 2020.<\/p>\n\n\n\n Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Bitwise <\/a>survey indicates that a significant portion of financial advisors remain unconvinced about the launch of a Bitcoin Exchange-Traded Fund (ETF) in the United States within 2024. This skepticism comes even as the cryptocurrency sector expects the U.S. Securities and Exchange Commission<\/a> (SEC) to eventually greenlight such an ETF.<\/p>\n\n\n\n The poll, which included 437 financial advisors, showed a split in opinion: approximately 40% expressed confidence in the availability of a Bitcoin ETF for American investors by 2024, while the majority held reservations. This cautious stance is noteworthy, especially since prominent crypto firm Grayscale has asserted that the approval of a Bitcoin ETF is not a question of 'if' but 'when'.<\/p>\n\n\n\n Intriguingly, despite their doubts, a vast majority of the advisors (88%) expressed interest in purchasing Bitcoin for their clients, contingent on the availability of an ETF. This reflects a growing interest in incorporating cryptocurrencies into traditional investment portfolios.<\/p>\n\n\n\n Grayscale<\/a>, a leading digital asset manager, remains optimistic about the approval of their Bitcoin Trust (GBTC) into a spot Bitcoin ETF. They aim to have the fund listed on the NYSE Arca exchange, a move that would mark a significant development in the crypto investment landscape.<\/p>\n\n\n\n See Related:<\/em><\/strong> Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n The survey also revealed that while the number of clients allocating funds to cryptocurrencies has decreased slightly from previous years, the current figure still surpasses the interest levels seen in 2019 and 2020.<\/p>\n\n\n\n Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Despite previous rejections, the potential approval of spot Bitcoin ETFs signifies a significant stride in institutional cryptocurrency acceptance, providing investors exposure to the market without direct asset holdings.<\/p>\n","post_title":"SEC's Last-Minute Moves Could Pave The Way For Bitcoin ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"secs-last-minute-moves-could-pave-the-way-for-bitcoin-etfs","to_ping":"","pinged":"","post_modified":"2024-01-06 19:33:16","post_modified_gmt":"2024-01-06 08:33:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14892,"post_author":"15","post_date":"2024-01-06 19:01:15","post_date_gmt":"2024-01-06 08:01:15","post_content":"\n Bitwise <\/a>survey indicates that a significant portion of financial advisors remain unconvinced about the launch of a Bitcoin Exchange-Traded Fund (ETF) in the United States within 2024. This skepticism comes even as the cryptocurrency sector expects the U.S. Securities and Exchange Commission<\/a> (SEC) to eventually greenlight such an ETF.<\/p>\n\n\n\n The poll, which included 437 financial advisors, showed a split in opinion: approximately 40% expressed confidence in the availability of a Bitcoin ETF for American investors by 2024, while the majority held reservations. This cautious stance is noteworthy, especially since prominent crypto firm Grayscale has asserted that the approval of a Bitcoin ETF is not a question of 'if' but 'when'.<\/p>\n\n\n\n Intriguingly, despite their doubts, a vast majority of the advisors (88%) expressed interest in purchasing Bitcoin for their clients, contingent on the availability of an ETF. This reflects a growing interest in incorporating cryptocurrencies into traditional investment portfolios.<\/p>\n\n\n\n Grayscale<\/a>, a leading digital asset manager, remains optimistic about the approval of their Bitcoin Trust (GBTC) into a spot Bitcoin ETF. They aim to have the fund listed on the NYSE Arca exchange, a move that would mark a significant development in the crypto investment landscape.<\/p>\n\n\n\n See Related:<\/em><\/strong> Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n The survey also revealed that while the number of clients allocating funds to cryptocurrencies has decreased slightly from previous years, the current figure still surpasses the interest levels seen in 2019 and 2020.<\/p>\n\n\n\n Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The SEC's consideration of Bitcoin ETFs has spurred market anticipation, potentially leading to the approval of multiple Bitcoin ETFs as pending deadlines approach.<\/p>\n\n\n\n Despite previous rejections, the potential approval of spot Bitcoin ETFs signifies a significant stride in institutional cryptocurrency acceptance, providing investors exposure to the market without direct asset holdings.<\/p>\n","post_title":"SEC's Last-Minute Moves Could Pave The Way For Bitcoin ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"secs-last-minute-moves-could-pave-the-way-for-bitcoin-etfs","to_ping":"","pinged":"","post_modified":"2024-01-06 19:33:16","post_modified_gmt":"2024-01-06 08:33:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14892,"post_author":"15","post_date":"2024-01-06 19:01:15","post_date_gmt":"2024-01-06 08:01:15","post_content":"\n Bitwise <\/a>survey indicates that a significant portion of financial advisors remain unconvinced about the launch of a Bitcoin Exchange-Traded Fund (ETF) in the United States within 2024. This skepticism comes even as the cryptocurrency sector expects the U.S. Securities and Exchange Commission<\/a> (SEC) to eventually greenlight such an ETF.<\/p>\n\n\n\n The poll, which included 437 financial advisors, showed a split in opinion: approximately 40% expressed confidence in the availability of a Bitcoin ETF for American investors by 2024, while the majority held reservations. This cautious stance is noteworthy, especially since prominent crypto firm Grayscale has asserted that the approval of a Bitcoin ETF is not a question of 'if' but 'when'.<\/p>\n\n\n\n Intriguingly, despite their doubts, a vast majority of the advisors (88%) expressed interest in purchasing Bitcoin for their clients, contingent on the availability of an ETF. This reflects a growing interest in incorporating cryptocurrencies into traditional investment portfolios.<\/p>\n\n\n\n Grayscale<\/a>, a leading digital asset manager, remains optimistic about the approval of their Bitcoin Trust (GBTC) into a spot Bitcoin ETF. They aim to have the fund listed on the NYSE Arca exchange, a move that would mark a significant development in the crypto investment landscape.<\/p>\n\n\n\n See Related:<\/em><\/strong> Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n The survey also revealed that while the number of clients allocating funds to cryptocurrencies has decreased slightly from previous years, the current figure still surpasses the interest levels seen in 2019 and 2020.<\/p>\n\n\n\n Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Blockchain.com data revealed that increased mining revenue aligns with Bitcoin's rising value, currently at around $37,155, nearly 6% higher for the week.<\/p>\n\n\n\n The SEC's consideration of Bitcoin ETFs has spurred market anticipation, potentially leading to the approval of multiple Bitcoin ETFs as pending deadlines approach.<\/p>\n\n\n\n Despite previous rejections, the potential approval of spot Bitcoin ETFs signifies a significant stride in institutional cryptocurrency acceptance, providing investors exposure to the market without direct asset holdings.<\/p>\n","post_title":"SEC's Last-Minute Moves Could Pave The Way For Bitcoin ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"secs-last-minute-moves-could-pave-the-way-for-bitcoin-etfs","to_ping":"","pinged":"","post_modified":"2024-01-06 19:33:16","post_modified_gmt":"2024-01-06 08:33:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14892,"post_author":"15","post_date":"2024-01-06 19:01:15","post_date_gmt":"2024-01-06 08:01:15","post_content":"\n Bitwise <\/a>survey indicates that a significant portion of financial advisors remain unconvinced about the launch of a Bitcoin Exchange-Traded Fund (ETF) in the United States within 2024. This skepticism comes even as the cryptocurrency sector expects the U.S. Securities and Exchange Commission<\/a> (SEC) to eventually greenlight such an ETF.<\/p>\n\n\n\n The poll, which included 437 financial advisors, showed a split in opinion: approximately 40% expressed confidence in the availability of a Bitcoin ETF for American investors by 2024, while the majority held reservations. This cautious stance is noteworthy, especially since prominent crypto firm Grayscale has asserted that the approval of a Bitcoin ETF is not a question of 'if' but 'when'.<\/p>\n\n\n\n Intriguingly, despite their doubts, a vast majority of the advisors (88%) expressed interest in purchasing Bitcoin for their clients, contingent on the availability of an ETF. This reflects a growing interest in incorporating cryptocurrencies into traditional investment portfolios.<\/p>\n\n\n\n Grayscale<\/a>, a leading digital asset manager, remains optimistic about the approval of their Bitcoin Trust (GBTC) into a spot Bitcoin ETF. They aim to have the fund listed on the NYSE Arca exchange, a move that would mark a significant development in the crypto investment landscape.<\/p>\n\n\n\n See Related:<\/em><\/strong> Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n The survey also revealed that while the number of clients allocating funds to cryptocurrencies has decreased slightly from previous years, the current figure still surpasses the interest levels seen in 2019 and 2020.<\/p>\n\n\n\n Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Bitcoin mining revenue surged<\/a> to a yearly high, hitting $44,174,930.492 on November 12, The Distributed<\/em> reported. This marked a significant increase from the previous peak of $41,744,197.067 on May 8, 2023.<\/p>\n\n\n\n Blockchain.com data revealed that increased mining revenue aligns with Bitcoin's rising value, currently at around $37,155, nearly 6% higher for the week.<\/p>\n\n\n\n The SEC's consideration of Bitcoin ETFs has spurred market anticipation, potentially leading to the approval of multiple Bitcoin ETFs as pending deadlines approach.<\/p>\n\n\n\n Despite previous rejections, the potential approval of spot Bitcoin ETFs signifies a significant stride in institutional cryptocurrency acceptance, providing investors exposure to the market without direct asset holdings.<\/p>\n","post_title":"SEC's Last-Minute Moves Could Pave The Way For Bitcoin ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"secs-last-minute-moves-could-pave-the-way-for-bitcoin-etfs","to_ping":"","pinged":"","post_modified":"2024-01-06 19:33:16","post_modified_gmt":"2024-01-06 08:33:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14892,"post_author":"15","post_date":"2024-01-06 19:01:15","post_date_gmt":"2024-01-06 08:01:15","post_content":"\n Bitwise <\/a>survey indicates that a significant portion of financial advisors remain unconvinced about the launch of a Bitcoin Exchange-Traded Fund (ETF) in the United States within 2024. This skepticism comes even as the cryptocurrency sector expects the U.S. Securities and Exchange Commission<\/a> (SEC) to eventually greenlight such an ETF.<\/p>\n\n\n\n The poll, which included 437 financial advisors, showed a split in opinion: approximately 40% expressed confidence in the availability of a Bitcoin ETF for American investors by 2024, while the majority held reservations. This cautious stance is noteworthy, especially since prominent crypto firm Grayscale has asserted that the approval of a Bitcoin ETF is not a question of 'if' but 'when'.<\/p>\n\n\n\n Intriguingly, despite their doubts, a vast majority of the advisors (88%) expressed interest in purchasing Bitcoin for their clients, contingent on the availability of an ETF. This reflects a growing interest in incorporating cryptocurrencies into traditional investment portfolios.<\/p>\n\n\n\n Grayscale<\/a>, a leading digital asset manager, remains optimistic about the approval of their Bitcoin Trust (GBTC) into a spot Bitcoin ETF. They aim to have the fund listed on the NYSE Arca exchange, a move that would mark a significant development in the crypto investment landscape.<\/p>\n\n\n\n See Related:<\/em><\/strong> Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n The survey also revealed that while the number of clients allocating funds to cryptocurrencies has decreased slightly from previous years, the current figure still surpasses the interest levels seen in 2019 and 2020.<\/p>\n\n\n\n Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Interestingly, the SEC has asked aspiring ETF launchers to formally request an accelerated effective date. Bloomberg's report hints at a potential vote by SEC commissioners on the 19b-4 rule changes, likely taking place on Wednesday.<\/p>\n\n\n\n Bitcoin mining revenue surged<\/a> to a yearly high, hitting $44,174,930.492 on November 12, The Distributed<\/em> reported. This marked a significant increase from the previous peak of $41,744,197.067 on May 8, 2023.<\/p>\n\n\n\n Blockchain.com data revealed that increased mining revenue aligns with Bitcoin's rising value, currently at around $37,155, nearly 6% higher for the week.<\/p>\n\n\n\n The SEC's consideration of Bitcoin ETFs has spurred market anticipation, potentially leading to the approval of multiple Bitcoin ETFs as pending deadlines approach.<\/p>\n\n\n\n Despite previous rejections, the potential approval of spot Bitcoin ETFs signifies a significant stride in institutional cryptocurrency acceptance, providing investors exposure to the market without direct asset holdings.<\/p>\n","post_title":"SEC's Last-Minute Moves Could Pave The Way For Bitcoin ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"secs-last-minute-moves-could-pave-the-way-for-bitcoin-etfs","to_ping":"","pinged":"","post_modified":"2024-01-06 19:33:16","post_modified_gmt":"2024-01-06 08:33:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14892,"post_author":"15","post_date":"2024-01-06 19:01:15","post_date_gmt":"2024-01-06 08:01:15","post_content":"\n Bitwise <\/a>survey indicates that a significant portion of financial advisors remain unconvinced about the launch of a Bitcoin Exchange-Traded Fund (ETF) in the United States within 2024. This skepticism comes even as the cryptocurrency sector expects the U.S. Securities and Exchange Commission<\/a> (SEC) to eventually greenlight such an ETF.<\/p>\n\n\n\n The poll, which included 437 financial advisors, showed a split in opinion: approximately 40% expressed confidence in the availability of a Bitcoin ETF for American investors by 2024, while the majority held reservations. This cautious stance is noteworthy, especially since prominent crypto firm Grayscale has asserted that the approval of a Bitcoin ETF is not a question of 'if' but 'when'.<\/p>\n\n\n\n Intriguingly, despite their doubts, a vast majority of the advisors (88%) expressed interest in purchasing Bitcoin for their clients, contingent on the availability of an ETF. This reflects a growing interest in incorporating cryptocurrencies into traditional investment portfolios.<\/p>\n\n\n\n Grayscale<\/a>, a leading digital asset manager, remains optimistic about the approval of their Bitcoin Trust (GBTC) into a spot Bitcoin ETF. They aim to have the fund listed on the NYSE Arca exchange, a move that would mark a significant development in the crypto investment landscape.<\/p>\n\n\n\n See Related:<\/em><\/strong> Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n The survey also revealed that while the number of clients allocating funds to cryptocurrencies has decreased slightly from previous years, the current figure still surpasses the interest levels seen in 2019 and 2020.<\/p>\n\n\n\n Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Interestingly, the SEC has asked aspiring ETF launchers to formally request an accelerated effective date. Bloomberg's report hints at a potential vote by SEC commissioners on the 19b-4 rule changes, likely taking place on Wednesday.<\/p>\n\n\n\n Bitcoin mining revenue surged<\/a> to a yearly high, hitting $44,174,930.492 on November 12, The Distributed<\/em> reported. This marked a significant increase from the previous peak of $41,744,197.067 on May 8, 2023.<\/p>\n\n\n\n Blockchain.com data revealed that increased mining revenue aligns with Bitcoin's rising value, currently at around $37,155, nearly 6% higher for the week.<\/p>\n\n\n\n The SEC's consideration of Bitcoin ETFs has spurred market anticipation, potentially leading to the approval of multiple Bitcoin ETFs as pending deadlines approach.<\/p>\n\n\n\n Despite previous rejections, the potential approval of spot Bitcoin ETFs signifies a significant stride in institutional cryptocurrency acceptance, providing investors exposure to the market without direct asset holdings.<\/p>\n","post_title":"SEC's Last-Minute Moves Could Pave The Way For Bitcoin ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"secs-last-minute-moves-could-pave-the-way-for-bitcoin-etfs","to_ping":"","pinged":"","post_modified":"2024-01-06 19:33:16","post_modified_gmt":"2024-01-06 08:33:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14892,"post_author":"15","post_date":"2024-01-06 19:01:15","post_date_gmt":"2024-01-06 08:01:15","post_content":"\n Bitwise <\/a>survey indicates that a significant portion of financial advisors remain unconvinced about the launch of a Bitcoin Exchange-Traded Fund (ETF) in the United States within 2024. This skepticism comes even as the cryptocurrency sector expects the U.S. Securities and Exchange Commission<\/a> (SEC) to eventually greenlight such an ETF.<\/p>\n\n\n\n The poll, which included 437 financial advisors, showed a split in opinion: approximately 40% expressed confidence in the availability of a Bitcoin ETF for American investors by 2024, while the majority held reservations. This cautious stance is noteworthy, especially since prominent crypto firm Grayscale has asserted that the approval of a Bitcoin ETF is not a question of 'if' but 'when'.<\/p>\n\n\n\n Intriguingly, despite their doubts, a vast majority of the advisors (88%) expressed interest in purchasing Bitcoin for their clients, contingent on the availability of an ETF. This reflects a growing interest in incorporating cryptocurrencies into traditional investment portfolios.<\/p>\n\n\n\n Grayscale<\/a>, a leading digital asset manager, remains optimistic about the approval of their Bitcoin Trust (GBTC) into a spot Bitcoin ETF. They aim to have the fund listed on the NYSE Arca exchange, a move that would mark a significant development in the crypto investment landscape.<\/p>\n\n\n\n See Related:<\/em><\/strong> Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n The survey also revealed that while the number of clients allocating funds to cryptocurrencies has decreased slightly from previous years, the current figure still surpasses the interest levels seen in 2019 and 2020.<\/p>\n\n\n\n Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement<\/a><\/p>\n\n\n\n Interestingly, the SEC has asked aspiring ETF launchers to formally request an accelerated effective date. Bloomberg's report hints at a potential vote by SEC commissioners on the 19b-4 rule changes, likely taking place on Wednesday.<\/p>\n\n\n\n Bitcoin mining revenue surged<\/a> to a yearly high, hitting $44,174,930.492 on November 12, The Distributed<\/em> reported. This marked a significant increase from the previous peak of $41,744,197.067 on May 8, 2023.<\/p>\n\n\n\n Blockchain.com data revealed that increased mining revenue aligns with Bitcoin's rising value, currently at around $37,155, nearly 6% higher for the week.<\/p>\n\n\n\n The SEC's consideration of Bitcoin ETFs has spurred market anticipation, potentially leading to the approval of multiple Bitcoin ETFs as pending deadlines approach.<\/p>\n\n\n\n Despite previous rejections, the potential approval of spot Bitcoin ETFs signifies a significant stride in institutional cryptocurrency acceptance, providing investors exposure to the market without direct asset holdings.<\/p>\n","post_title":"SEC's Last-Minute Moves Could Pave The Way For Bitcoin ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"secs-last-minute-moves-could-pave-the-way-for-bitcoin-etfs","to_ping":"","pinged":"","post_modified":"2024-01-06 19:33:16","post_modified_gmt":"2024-01-06 08:33:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14892,"post_author":"15","post_date":"2024-01-06 19:01:15","post_date_gmt":"2024-01-06 08:01:15","post_content":"\n Bitwise <\/a>survey indicates that a significant portion of financial advisors remain unconvinced about the launch of a Bitcoin Exchange-Traded Fund (ETF) in the United States within 2024. This skepticism comes even as the cryptocurrency sector expects the U.S. Securities and Exchange Commission<\/a> (SEC) to eventually greenlight such an ETF.<\/p>\n\n\n\n The poll, which included 437 financial advisors, showed a split in opinion: approximately 40% expressed confidence in the availability of a Bitcoin ETF for American investors by 2024, while the majority held reservations. This cautious stance is noteworthy, especially since prominent crypto firm Grayscale has asserted that the approval of a Bitcoin ETF is not a question of 'if' but 'when'.<\/p>\n\n\n\n Intriguingly, despite their doubts, a vast majority of the advisors (88%) expressed interest in purchasing Bitcoin for their clients, contingent on the availability of an ETF. This reflects a growing interest in incorporating cryptocurrencies into traditional investment portfolios.<\/p>\n\n\n\n Grayscale<\/a>, a leading digital asset manager, remains optimistic about the approval of their Bitcoin Trust (GBTC) into a spot Bitcoin ETF. They aim to have the fund listed on the NYSE Arca exchange, a move that would mark a significant development in the crypto investment landscape.<\/p>\n\n\n\n See Related:<\/em><\/strong> Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n The survey also revealed that while the number of clients allocating funds to cryptocurrencies has decreased slightly from previous years, the current figure still surpasses the interest levels seen in 2019 and 2020.<\/p>\n\n\n\n Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
By the upcoming Monday, amendments to filings are due by 8 a.m. ET, possibly unveiling vital information related to the ETFs. Concurrently, 19b-4 filings\u2014detailing necessary rule changes\u2014were revised by exchanges, laying the groundwork for the potential launch of spot Bitcoin ETFs.<\/p>\n\n\n\n See Related: <\/em><\/strong>Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement<\/a><\/p>\n\n\n\n Interestingly, the SEC has asked aspiring ETF launchers to formally request an accelerated effective date. Bloomberg's report hints at a potential vote by SEC commissioners on the 19b-4 rule changes, likely taking place on Wednesday.<\/p>\n\n\n\n Bitcoin mining revenue surged<\/a> to a yearly high, hitting $44,174,930.492 on November 12, The Distributed<\/em> reported. This marked a significant increase from the previous peak of $41,744,197.067 on May 8, 2023.<\/p>\n\n\n\n Blockchain.com data revealed that increased mining revenue aligns with Bitcoin's rising value, currently at around $37,155, nearly 6% higher for the week.<\/p>\n\n\n\n The SEC's consideration of Bitcoin ETFs has spurred market anticipation, potentially leading to the approval of multiple Bitcoin ETFs as pending deadlines approach.<\/p>\n\n\n\n Despite previous rejections, the potential approval of spot Bitcoin ETFs signifies a significant stride in institutional cryptocurrency acceptance, providing investors exposure to the market without direct asset holdings.<\/p>\n","post_title":"SEC's Last-Minute Moves Could Pave The Way For Bitcoin ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"secs-last-minute-moves-could-pave-the-way-for-bitcoin-etfs","to_ping":"","pinged":"","post_modified":"2024-01-06 19:33:16","post_modified_gmt":"2024-01-06 08:33:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14892,"post_author":"15","post_date":"2024-01-06 19:01:15","post_date_gmt":"2024-01-06 08:01:15","post_content":"\n Bitwise <\/a>survey indicates that a significant portion of financial advisors remain unconvinced about the launch of a Bitcoin Exchange-Traded Fund (ETF) in the United States within 2024. This skepticism comes even as the cryptocurrency sector expects the U.S. Securities and Exchange Commission<\/a> (SEC) to eventually greenlight such an ETF.<\/p>\n\n\n\n The poll, which included 437 financial advisors, showed a split in opinion: approximately 40% expressed confidence in the availability of a Bitcoin ETF for American investors by 2024, while the majority held reservations. This cautious stance is noteworthy, especially since prominent crypto firm Grayscale has asserted that the approval of a Bitcoin ETF is not a question of 'if' but 'when'.<\/p>\n\n\n\n Intriguingly, despite their doubts, a vast majority of the advisors (88%) expressed interest in purchasing Bitcoin for their clients, contingent on the availability of an ETF. This reflects a growing interest in incorporating cryptocurrencies into traditional investment portfolios.<\/p>\n\n\n\n Grayscale<\/a>, a leading digital asset manager, remains optimistic about the approval of their Bitcoin Trust (GBTC) into a spot Bitcoin ETF. They aim to have the fund listed on the NYSE Arca exchange, a move that would mark a significant development in the crypto investment landscape.<\/p>\n\n\n\n See Related:<\/em><\/strong> Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n The survey also revealed that while the number of clients allocating funds to cryptocurrencies has decreased slightly from previous years, the current figure still surpasses the interest levels seen in 2019 and 2020.<\/p>\n\n\n\n Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
These talks between investment management firms, stock exchanges, and the SEC have focused on refining the S-1 prospectus documents essential for ETF approval. While the SEC requested minor adjustments, some asset managers plan to update their filings, revealing specifics about fees and market-maker identities by Monday's deadline.<\/p>\n\n\n\n By the upcoming Monday, amendments to filings are due by 8 a.m. ET, possibly unveiling vital information related to the ETFs. Concurrently, 19b-4 filings\u2014detailing necessary rule changes\u2014were revised by exchanges, laying the groundwork for the potential launch of spot Bitcoin ETFs.<\/p>\n\n\n\n See Related: <\/em><\/strong>Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement<\/a><\/p>\n\n\n\n Interestingly, the SEC has asked aspiring ETF launchers to formally request an accelerated effective date. Bloomberg's report hints at a potential vote by SEC commissioners on the 19b-4 rule changes, likely taking place on Wednesday.<\/p>\n\n\n\n Bitcoin mining revenue surged<\/a> to a yearly high, hitting $44,174,930.492 on November 12, The Distributed<\/em> reported. This marked a significant increase from the previous peak of $41,744,197.067 on May 8, 2023.<\/p>\n\n\n\n Blockchain.com data revealed that increased mining revenue aligns with Bitcoin's rising value, currently at around $37,155, nearly 6% higher for the week.<\/p>\n\n\n\n The SEC's consideration of Bitcoin ETFs has spurred market anticipation, potentially leading to the approval of multiple Bitcoin ETFs as pending deadlines approach.<\/p>\n\n\n\n Despite previous rejections, the potential approval of spot Bitcoin ETFs signifies a significant stride in institutional cryptocurrency acceptance, providing investors exposure to the market without direct asset holdings.<\/p>\n","post_title":"SEC's Last-Minute Moves Could Pave The Way For Bitcoin ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"secs-last-minute-moves-could-pave-the-way-for-bitcoin-etfs","to_ping":"","pinged":"","post_modified":"2024-01-06 19:33:16","post_modified_gmt":"2024-01-06 08:33:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14892,"post_author":"15","post_date":"2024-01-06 19:01:15","post_date_gmt":"2024-01-06 08:01:15","post_content":"\n Bitwise <\/a>survey indicates that a significant portion of financial advisors remain unconvinced about the launch of a Bitcoin Exchange-Traded Fund (ETF) in the United States within 2024. This skepticism comes even as the cryptocurrency sector expects the U.S. Securities and Exchange Commission<\/a> (SEC) to eventually greenlight such an ETF.<\/p>\n\n\n\n The poll, which included 437 financial advisors, showed a split in opinion: approximately 40% expressed confidence in the availability of a Bitcoin ETF for American investors by 2024, while the majority held reservations. This cautious stance is noteworthy, especially since prominent crypto firm Grayscale has asserted that the approval of a Bitcoin ETF is not a question of 'if' but 'when'.<\/p>\n\n\n\n Intriguingly, despite their doubts, a vast majority of the advisors (88%) expressed interest in purchasing Bitcoin for their clients, contingent on the availability of an ETF. This reflects a growing interest in incorporating cryptocurrencies into traditional investment portfolios.<\/p>\n\n\n\n Grayscale<\/a>, a leading digital asset manager, remains optimistic about the approval of their Bitcoin Trust (GBTC) into a spot Bitcoin ETF. They aim to have the fund listed on the NYSE Arca exchange, a move that would mark a significant development in the crypto investment landscape.<\/p>\n\n\n\n See Related:<\/em><\/strong> Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n The survey also revealed that while the number of clients allocating funds to cryptocurrencies has decreased slightly from previous years, the current figure still surpasses the interest levels seen in 2019 and 2020.<\/p>\n\n\n\n Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Investment firms and the SEC engaged in crucial discussions, finalizing changes in filings for Bitcoin ETFs, potentially setting the stage for their first-ever approval in the United States, according to a report <\/a>by Reuters. <\/p>\n\n\n\n These talks between investment management firms, stock exchanges, and the SEC have focused on refining the S-1 prospectus documents essential for ETF approval. While the SEC requested minor adjustments, some asset managers plan to update their filings, revealing specifics about fees and market-maker identities by Monday's deadline.<\/p>\n\n\n\n By the upcoming Monday, amendments to filings are due by 8 a.m. ET, possibly unveiling vital information related to the ETFs. Concurrently, 19b-4 filings\u2014detailing necessary rule changes\u2014were revised by exchanges, laying the groundwork for the potential launch of spot Bitcoin ETFs.<\/p>\n\n\n\n See Related: <\/em><\/strong>Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement<\/a><\/p>\n\n\n\n Interestingly, the SEC has asked aspiring ETF launchers to formally request an accelerated effective date. Bloomberg's report hints at a potential vote by SEC commissioners on the 19b-4 rule changes, likely taking place on Wednesday.<\/p>\n\n\n\n Bitcoin mining revenue surged<\/a> to a yearly high, hitting $44,174,930.492 on November 12, The Distributed<\/em> reported. This marked a significant increase from the previous peak of $41,744,197.067 on May 8, 2023.<\/p>\n\n\n\n Blockchain.com data revealed that increased mining revenue aligns with Bitcoin's rising value, currently at around $37,155, nearly 6% higher for the week.<\/p>\n\n\n\n The SEC's consideration of Bitcoin ETFs has spurred market anticipation, potentially leading to the approval of multiple Bitcoin ETFs as pending deadlines approach.<\/p>\n\n\n\n Despite previous rejections, the potential approval of spot Bitcoin ETFs signifies a significant stride in institutional cryptocurrency acceptance, providing investors exposure to the market without direct asset holdings.<\/p>\n","post_title":"SEC's Last-Minute Moves Could Pave The Way For Bitcoin ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"secs-last-minute-moves-could-pave-the-way-for-bitcoin-etfs","to_ping":"","pinged":"","post_modified":"2024-01-06 19:33:16","post_modified_gmt":"2024-01-06 08:33:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14892,"post_author":"15","post_date":"2024-01-06 19:01:15","post_date_gmt":"2024-01-06 08:01:15","post_content":"\n Bitwise <\/a>survey indicates that a significant portion of financial advisors remain unconvinced about the launch of a Bitcoin Exchange-Traded Fund (ETF) in the United States within 2024. This skepticism comes even as the cryptocurrency sector expects the U.S. Securities and Exchange Commission<\/a> (SEC) to eventually greenlight such an ETF.<\/p>\n\n\n\n The poll, which included 437 financial advisors, showed a split in opinion: approximately 40% expressed confidence in the availability of a Bitcoin ETF for American investors by 2024, while the majority held reservations. This cautious stance is noteworthy, especially since prominent crypto firm Grayscale has asserted that the approval of a Bitcoin ETF is not a question of 'if' but 'when'.<\/p>\n\n\n\n Intriguingly, despite their doubts, a vast majority of the advisors (88%) expressed interest in purchasing Bitcoin for their clients, contingent on the availability of an ETF. This reflects a growing interest in incorporating cryptocurrencies into traditional investment portfolios.<\/p>\n\n\n\n Grayscale<\/a>, a leading digital asset manager, remains optimistic about the approval of their Bitcoin Trust (GBTC) into a spot Bitcoin ETF. They aim to have the fund listed on the NYSE Arca exchange, a move that would mark a significant development in the crypto investment landscape.<\/p>\n\n\n\n See Related:<\/em><\/strong> Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n The survey also revealed that while the number of clients allocating funds to cryptocurrencies has decreased slightly from previous years, the current figure still surpasses the interest levels seen in 2019 and 2020.<\/p>\n\n\n\n Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The US Securities and Exchange Commission (SEC) is on the brink of a groundbreaking decision that could see the approval of spot bitcoin exchange-traded funds (ETFs) in the country.<\/p>\n\n\n\n Investment firms and the SEC engaged in crucial discussions, finalizing changes in filings for Bitcoin ETFs, potentially setting the stage for their first-ever approval in the United States, according to a report <\/a>by Reuters. <\/p>\n\n\n\n These talks between investment management firms, stock exchanges, and the SEC have focused on refining the S-1 prospectus documents essential for ETF approval. While the SEC requested minor adjustments, some asset managers plan to update their filings, revealing specifics about fees and market-maker identities by Monday's deadline.<\/p>\n\n\n\n By the upcoming Monday, amendments to filings are due by 8 a.m. ET, possibly unveiling vital information related to the ETFs. Concurrently, 19b-4 filings\u2014detailing necessary rule changes\u2014were revised by exchanges, laying the groundwork for the potential launch of spot Bitcoin ETFs.<\/p>\n\n\n\n See Related: <\/em><\/strong>Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement<\/a><\/p>\n\n\n\n Interestingly, the SEC has asked aspiring ETF launchers to formally request an accelerated effective date. Bloomberg's report hints at a potential vote by SEC commissioners on the 19b-4 rule changes, likely taking place on Wednesday.<\/p>\n\n\n\n Bitcoin mining revenue surged<\/a> to a yearly high, hitting $44,174,930.492 on November 12, The Distributed<\/em> reported. This marked a significant increase from the previous peak of $41,744,197.067 on May 8, 2023.<\/p>\n\n\n\n Blockchain.com data revealed that increased mining revenue aligns with Bitcoin's rising value, currently at around $37,155, nearly 6% higher for the week.<\/p>\n\n\n\n The SEC's consideration of Bitcoin ETFs has spurred market anticipation, potentially leading to the approval of multiple Bitcoin ETFs as pending deadlines approach.<\/p>\n\n\n\n Despite previous rejections, the potential approval of spot Bitcoin ETFs signifies a significant stride in institutional cryptocurrency acceptance, providing investors exposure to the market without direct asset holdings.<\/p>\n","post_title":"SEC's Last-Minute Moves Could Pave The Way For Bitcoin ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"secs-last-minute-moves-could-pave-the-way-for-bitcoin-etfs","to_ping":"","pinged":"","post_modified":"2024-01-06 19:33:16","post_modified_gmt":"2024-01-06 08:33:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14892,"post_author":"15","post_date":"2024-01-06 19:01:15","post_date_gmt":"2024-01-06 08:01:15","post_content":"\n Bitwise <\/a>survey indicates that a significant portion of financial advisors remain unconvinced about the launch of a Bitcoin Exchange-Traded Fund (ETF) in the United States within 2024. This skepticism comes even as the cryptocurrency sector expects the U.S. Securities and Exchange Commission<\/a> (SEC) to eventually greenlight such an ETF.<\/p>\n\n\n\n The poll, which included 437 financial advisors, showed a split in opinion: approximately 40% expressed confidence in the availability of a Bitcoin ETF for American investors by 2024, while the majority held reservations. This cautious stance is noteworthy, especially since prominent crypto firm Grayscale has asserted that the approval of a Bitcoin ETF is not a question of 'if' but 'when'.<\/p>\n\n\n\n Intriguingly, despite their doubts, a vast majority of the advisors (88%) expressed interest in purchasing Bitcoin for their clients, contingent on the availability of an ETF. This reflects a growing interest in incorporating cryptocurrencies into traditional investment portfolios.<\/p>\n\n\n\n Grayscale<\/a>, a leading digital asset manager, remains optimistic about the approval of their Bitcoin Trust (GBTC) into a spot Bitcoin ETF. They aim to have the fund listed on the NYSE Arca exchange, a move that would mark a significant development in the crypto investment landscape.<\/p>\n\n\n\n See Related:<\/em><\/strong> Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n The survey also revealed that while the number of clients allocating funds to cryptocurrencies has decreased slightly from previous years, the current figure still surpasses the interest levels seen in 2019 and 2020.<\/p>\n\n\n\n Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The US Securities and Exchange Commission (SEC) is on the brink of a groundbreaking decision that could see the approval of spot bitcoin exchange-traded funds (ETFs) in the country.<\/p>\n\n\n\n Investment firms and the SEC engaged in crucial discussions, finalizing changes in filings for Bitcoin ETFs, potentially setting the stage for their first-ever approval in the United States, according to a report <\/a>by Reuters. <\/p>\n\n\n\n These talks between investment management firms, stock exchanges, and the SEC have focused on refining the S-1 prospectus documents essential for ETF approval. While the SEC requested minor adjustments, some asset managers plan to update their filings, revealing specifics about fees and market-maker identities by Monday's deadline.<\/p>\n\n\n\n By the upcoming Monday, amendments to filings are due by 8 a.m. ET, possibly unveiling vital information related to the ETFs. Concurrently, 19b-4 filings\u2014detailing necessary rule changes\u2014were revised by exchanges, laying the groundwork for the potential launch of spot Bitcoin ETFs.<\/p>\n\n\n\n See Related: <\/em><\/strong>Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement<\/a><\/p>\n\n\n\n Interestingly, the SEC has asked aspiring ETF launchers to formally request an accelerated effective date. Bloomberg's report hints at a potential vote by SEC commissioners on the 19b-4 rule changes, likely taking place on Wednesday.<\/p>\n\n\n\n Bitcoin mining revenue surged<\/a> to a yearly high, hitting $44,174,930.492 on November 12, The Distributed<\/em> reported. This marked a significant increase from the previous peak of $41,744,197.067 on May 8, 2023.<\/p>\n\n\n\n Blockchain.com data revealed that increased mining revenue aligns with Bitcoin's rising value, currently at around $37,155, nearly 6% higher for the week.<\/p>\n\n\n\n The SEC's consideration of Bitcoin ETFs has spurred market anticipation, potentially leading to the approval of multiple Bitcoin ETFs as pending deadlines approach.<\/p>\n\n\n\n Despite previous rejections, the potential approval of spot Bitcoin ETFs signifies a significant stride in institutional cryptocurrency acceptance, providing investors exposure to the market without direct asset holdings.<\/p>\n","post_title":"SEC's Last-Minute Moves Could Pave The Way For Bitcoin ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"secs-last-minute-moves-could-pave-the-way-for-bitcoin-etfs","to_ping":"","pinged":"","post_modified":"2024-01-06 19:33:16","post_modified_gmt":"2024-01-06 08:33:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14892,"post_author":"15","post_date":"2024-01-06 19:01:15","post_date_gmt":"2024-01-06 08:01:15","post_content":"\n Bitwise <\/a>survey indicates that a significant portion of financial advisors remain unconvinced about the launch of a Bitcoin Exchange-Traded Fund (ETF) in the United States within 2024. This skepticism comes even as the cryptocurrency sector expects the U.S. Securities and Exchange Commission<\/a> (SEC) to eventually greenlight such an ETF.<\/p>\n\n\n\n The poll, which included 437 financial advisors, showed a split in opinion: approximately 40% expressed confidence in the availability of a Bitcoin ETF for American investors by 2024, while the majority held reservations. This cautious stance is noteworthy, especially since prominent crypto firm Grayscale has asserted that the approval of a Bitcoin ETF is not a question of 'if' but 'when'.<\/p>\n\n\n\n Intriguingly, despite their doubts, a vast majority of the advisors (88%) expressed interest in purchasing Bitcoin for their clients, contingent on the availability of an ETF. This reflects a growing interest in incorporating cryptocurrencies into traditional investment portfolios.<\/p>\n\n\n\n Grayscale<\/a>, a leading digital asset manager, remains optimistic about the approval of their Bitcoin Trust (GBTC) into a spot Bitcoin ETF. They aim to have the fund listed on the NYSE Arca exchange, a move that would mark a significant development in the crypto investment landscape.<\/p>\n\n\n\n See Related:<\/em><\/strong> Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n The survey also revealed that while the number of clients allocating funds to cryptocurrencies has decreased slightly from previous years, the current figure still surpasses the interest levels seen in 2019 and 2020.<\/p>\n\n\n\n Bitwise, which has its stake in the matter, has been persistently pursuing the approval of the Bitwise Bitcoin ETF<\/a>. Having faced rejections in previous applications, the company recently amended and refiled its application, hoping to overcome the SEC's concerns.<\/p>\n\n\n\n Furthermore, the report highlighted that Bitwise and other major ETF applicants, like BlackRock and Fidelity, are actively addressing the SEC's requirements, indicating a concerted effort to meet regulatory standards.<\/p>\n\n\n\n This evolving landscape suggests a cautious yet growing interest in integrating cryptocurrencies into conventional financial advising, with the potential approval of a Bitcoin ETF being a pivotal factor in this development.<\/p>\n","post_title":"Financial Experts Uncertain Of Bitcoin ETF Launch In 2024","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-experts-uncertain-of-bitcoin-etf-launch-in-2024","to_ping":"","pinged":"","post_modified":"2024-01-06 19:01:19","post_modified_gmt":"2024-01-06 08:01:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14892","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The US Securities and Exchange Commission (SEC) is on the brink of a groundbreaking decision that could see the approval of spot bitcoin exchange-traded funds (ETFs) in the country.<\/p>\n\n\n\n Investment firms and the SEC engaged in crucial discussions, finalizing changes in filings for Bitcoin ETFs, potentially setting the stage for their first-ever approval in the United States, according to a report <\/a>by Reuters. <\/p>\n\n\n\n These talks between investment management firms, stock exchanges, and the SEC have focused on refining the S-1 prospectus documents essential for ETF approval. While the SEC requested minor adjustments, some asset managers plan to update their filings, revealing specifics about fees and market-maker identities by Monday's deadline.<\/p>\n\n\n\n By the upcoming Monday, amendments to filings are due by 8 a.m. ET, possibly unveiling vital information related to the ETFs. Concurrently, 19b-4 filings\u2014detailing necessary rule changes\u2014were revised by exchanges, laying the groundwork for the potential launch of spot Bitcoin ETFs.<\/p>\n\n\n\n See Related: <\/em><\/strong>Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement<\/a><\/p>\n\n\n\n Interestingly, the SEC has asked aspiring ETF launchers to formally request an accelerated effective date. Bloomberg's report hints at a potential vote by SEC commissioners on the 19b-4 rule changes, likely taking place on Wednesday.<\/p>\n\n\n\n Bitcoin mining revenue surged<\/a> to a yearly high, hitting $44,174,930.492 on November 12, The Distributed<\/em> reported. This marked a significant increase from the previous peak of $41,744,197.067 on May 8, 2023.<\/p>\n\n\n\n Blockchain.com data revealed that increased mining revenue aligns with Bitcoin's rising value, currently at around $37,155, nearly 6% higher for the week.<\/p>\n\n\n\n The SEC's consideration of Bitcoin ETFs has spurred market anticipation, potentially leading to the approval of multiple Bitcoin ETFs as pending deadlines approach.<\/p>\n\n\n\n Despite previous rejections, the potential approval of spot Bitcoin ETFs signifies a significant stride in institutional cryptocurrency acceptance, providing investors exposure to the market without direct asset holdings.<\/p>\n","post_title":"SEC's Last-Minute Moves Could Pave The Way For Bitcoin ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"secs-last-minute-moves-could-pave-the-way-for-bitcoin-etfs","to_ping":"","pinged":"","post_modified":"2024-01-06 19:33:16","post_modified_gmt":"2024-01-06 08:33:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14892,"post_author":"15","post_date":"2024-01-06 19:01:15","post_date_gmt":"2024-01-06 08:01:15","post_content":"\n Bitwise <\/a>survey indicates that a significant portion of financial advisors remain unconvinced about the launch of a Bitcoin Exchange-Traded Fund (ETF) in the United States within 2024. This skepticism comes even as the cryptocurrency sector expects the U.S. Securities and Exchange Commission<\/a> (SEC) to eventually greenlight such an ETF.<\/p>\n\n\n\n The poll, which included 437 financial advisors, showed a split in opinion: approximately 40% expressed confidence in the availability of a Bitcoin ETF for American investors by 2024, while the majority held reservations. This cautious stance is noteworthy, especially since prominent crypto firm Grayscale has asserted that the approval of a Bitcoin ETF is not a question of 'if' but 'when'.<\/p>\n\n\n\n Intriguingly, despite their doubts, a vast majority of the advisors (88%) expressed interest in purchasing Bitcoin for their clients, contingent on the availability of an ETF. This reflects a growing interest in incorporating cryptocurrencies into traditional investment portfolios.<\/p>\n\n\n\n Grayscale<\/a>, a leading digital asset manager, remains optimistic about the approval of their Bitcoin Trust (GBTC) into a spot Bitcoin ETF. They aim to have the fund listed on the NYSE Arca exchange, a move that would mark a significant development in the crypto investment landscape.<\/p>\n\n\n\nBitwise's Take<\/h2>\n\n\n\n
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