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: Spot Bitcoin ETF Decision Delayed Again: What Does It Mean for Investors?
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 > Bitcoin (BTC) > Spot Bitcoin ETF Decision Delayed Again: What Does It Mean for Investors?
Bitcoin (BTC)

Spot Bitcoin ETF Decision Delayed Again: What Does It Mean for Investors?

In Brief

  • The much-anticipated decision on the spot Bitcoin ETF, which will have significant implications for the price of Bitcoin, was announced on Friday afternoon and, as expected, it was delayed. Nathan Geraci, who is crucial for the bull season as the biggest price catalyst, made important statements about the ETF approval.ContentsGrayscale Bitcoin ETF CaseAttention on Spot […]
COINTURK NEWS
COINTURK NEWS 2 years ago
Share
SHARE

The much-anticipated decision on the spot Bitcoin ETF, which will have significant implications for the price of Bitcoin, was announced on Friday afternoon and, as expected, it was delayed. Nathan Geraci, who is crucial for the bull season as the biggest price catalyst, made important statements about the ETF approval.

Contents
Grayscale Bitcoin ETF CaseAttention on Spot Bitcoin ETF

Grayscale Bitcoin ETF Case

The decision of the Securities and Exchange Commission (SEC) on Friday regarding Ark Invest and 21Shares’ spot Bitcoin ETF application for further delay may not come as a surprise, but experts believe that an upcoming court decision will have significant consequences.

Nathan Geraci, the president of The ETF Store, a consulting firm, said that the final decision in Grayscale Investments’ lawsuit against the SEC, in which the company’s flagship fund GBTC‘s proposal to convert it into a spot Bitcoin ETF was rejected, could play a role. Grayscale presented its oral arguments in March and accused the SEC of contradicting itself by allowing Bitcoin futures ETFs but not similar spot Bitcoin products.

Attention on Spot Bitcoin ETF

Geraci stated that the SEC will wait for a final decision in the Grayscale case, which could come at any moment, and added that the decision could be in favor of the SEC. The latest statement from Grayscale suggested that a decision about the case will be made before the end of the year. There is a four-month period ahead, and the final approval dates for the current ETF applications are in January-March.

Geraci said:

“In this scenario, the SEC would have much more protection to continue rejecting spot Bitcoin ETFs. Why should they approve a spot Bitcoin ETF until they learn the outcome of this case? I think there is no reason to do so.”

Companies competing for a spot Bitcoin ETF since the beginning of the summer differentiated their applications from the ones that failed in the past and named Coinbase as a surveillance sharing partner to help alleviate regulators’ concerns about market manipulation.

With the recent delay decision, the SEC took action to seek further comments. The agency asked whether commentators believe that the exchange “demonstrates resistance to price manipulation in the Bitcoin market.”

The agency also added a section that partially quoted, “the exchange has a justification to abandon the necessary surveillance sharing agreement with a significantly regulated market related to spot Bitcoin to prevent fraudulent and manipulative acts and practices, which proves that Bitcoin is resistant to price manipulation.” Vivian Fang, a finance professor at Indiana University, said that this statement in the question indicates that the SEC may be warming up to the idea of approving a spot Bitcoin ETF.

“I can say that these are the biggest steps taken so far, and I am eagerly looking forward to seeing the first approved spot Bitcoin ETF this year.”

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

Bitcoin Climbs Over Ichimoku: Will Other Cryptos Follow its Lead?

ARK Invest Predicts Massive Bitcoin Rise by 2030 with Compelling Insights

Trump Invites Key Figures to the 2025 Bitcoin Conference

Metaplanet Ramps Up Bitcoin Investments with Bold Financial Moves

U.S.-UK Trade Boost Spurs Bitcoin’s Stunning Price Rise

COINTURK NEWS 12 August, 2023 - 3:04 am 12 August, 2023 - 3:04 am
Share This Article
Facebook Twitter
Share
Previous Article MicroStrategy’s Bold Move: Bitcoin as a Primary Treasury Reserve Asset
Next Article Gemini Exchange Faces SEC Scrutiny After XRP Relisting
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

Market Surge Ignites Optimism in Crypto Assets
Cryptocurrency News
Bitcoin Climbs Over Ichimoku: Will Other Cryptos Follow its Lead?
Bitcoin (BTC) Cryptocurrency News
Bitcoin Surges to New Highs as Institutional Interest Intensifies
Cryptocurrency News
Crypto Analyst Warns of Short-Term Correction in Ethereum and Solana
Ethereum (ETH)
//

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?