COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: JPMorgan Reveals the Potential Legal Risks of Spot Bitcoin ETF
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Cryptocurrency News > JPMorgan Reveals the Potential Legal Risks of Spot Bitcoin ETF
Cryptocurrency News

JPMorgan Reveals the Potential Legal Risks of Spot Bitcoin ETF

In Brief

  • As cryptocurrency investors push BTC prices to higher levels in anticipation of ETF approval, JPMorgan has shared a new perspective. At the time of writing, US markets opened negatively due to the impact of the macro environment. However, BTC continues to hold at $34,200. Let’s take a look at what JPMorgan has to say.ContentsSpot Bitcoin […]
COINTURK NEWS
COINTURK NEWS 2 years ago
Share
SHARE

As cryptocurrency investors push BTC prices to higher levels in anticipation of ETF approval, JPMorgan has shared a new perspective. At the time of writing, US markets opened negatively due to the impact of the macro environment. However, BTC continues to hold at $34,200. Let’s take a look at what JPMorgan has to say.

Contents
Spot Bitcoin ETF and SECCrypto Bull Begins

Spot Bitcoin ETF and SEC

According to JPMorgan, if the United States Securities and Exchange Commission (SEC) does not approve spot Bitcoin ETFs, potential issuers could file lawsuits. Analysts at JPMorgan, led by Nikolaos Panigirtzoglou, are drawing attention to the increased risk of legal issues. They are not wrong, especially considering the strong option for issuers after the GBTC victory. Moreover, it will be challenging for the SEC to compete with BlackRock.

“Any rejection could trigger lawsuits against the SEC, creating more legal issues for the institution. We believe that SEC does not want to face another legal battle regarding the approval of Spot Bitcoin ETFs.”

Last month, the SEC lost the lawsuit filed by Grayscale Investments. The SEC did not appeal, and the decision was formalized earlier this week. This made it mandatory to reconsider the conversion of the trust into an ETF application.

GBTC’s negative premium is approaching 0, reflecting expectations for ETF approval.

Crypto Bull Begins

Last week, JPMorgan stated that multiple ETFs could be approved within months. Today, it is said that potential issuer companies are returning to the SEC with technical preparations and modified files to clarify issues such as market manipulation and commingling of customer funds. In summary, the approval process for ETFs is progressing.

The recent surge in the cryptocurrency markets was driven by institutional demand. JPMorgan analysts agree with this view and say the following:

“Our futures position indicator based on CME Bitcoin futures, which tends to be used by institutional investors, not only reached the highest level of this year last week but also climbed to levels last seen in August 2022 before the FTX crash. In contrast, the equivalent futures position proxy for CME Ethereum futures continues to remain stagnant.”

For such a revival in institutional demand, more than just rumors are needed. The ongoing rally suggests that there is more than just rumors and that we may be entering the first phase of a crypto bull market.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Trump Tariffs Stir Waves of Uncertainty in Crypto Markets

Bitcoin Holds Steady While Investors Await Major Developments

Master the Art of Crypto Investing with Proven Strategies

New Crypto Fund Offers Exciting Diversified Opportunities

Barclays Halts All Crypto Transactions via Bank Cards

COINTURK NEWS 26 October, 2023 - 5:38 pm 26 October, 2023 - 5:38 pm
Share This Article
Facebook Twitter
Share
Previous Article Mastercard Partners with MoonPay to Expand its Presence in the Crypto Market
Next Article Rare Rise Signal Rekindled for Shiba Inu
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Changpeng Zhao Predicts Bitcoin’s Value Outshining US Homes
Bitcoin (BTC)
Ethereum Network Generates Multi-Billion Dollar Revenue!
Altcoin News
The Court Shakes XRP Market Dynamics
Ripple (XRP)
Bitcoin Surges Towards New Heights as Market Conditions Stabilize
Bitcoin (BTC)
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?