HONG KONG, May 23, 2022 - (ACN Newswire) - On May 13, Guo Yanhong, the supervisor of the Medical Administration and Hospital Authority of the National Health Commission,...
Bloomberg Exchange Traded Fund (ETF) analysts Eric Balchunas and James Seyffarth said that a proposed rule change with the U.S. Securities and Exchange Commission (SEC) could lead to the approval of a Spot Bitcoin ETF in mid 2023. Spot Bitcoin ETFs Could See Approvals by 2023: Bloomberg Analysts Balchunas wrote in a Twitter post Thursday that crypto platforms could fall under the SEC’s regulatory framework if the commission were to approve the amendment to change the definition of “exchange” proposed in January. If the rule change gets implemented, the exchange would have platforms “that can be used to trade securities of any type” including cryptocurrencies that could be more favorable for the regulators. “Expanding the definition of an exchange could eliminate the agency’s primary objection to the products by bringing cryptocurrency platforms under the SEC’s regulatory framework,” Seyffart and Balchunas wrote. “Once crypto exchanges are compliant, the SEC’s primary reason for denying spot Bitcoin ETFs would no longer be valid, likely clearing the way for approval,” they added. New note out on why we think spot bitcoin ETFs will get approved in early Summer 2023. The SEC is proposing to expand the definition of "exchange" which would bring crypto platforms under SEC reg. After that (which could take a year) look for ETFs to get green light via @JSeyff pic.twitter.com/TtFgFXrJ8h — Eric Balchunas (@EricBalchunas) March 24, 2022 Both the analysts expect the change to be finalized sometime between November 2023 and May of 2023 which could result in the regulator approving spot cryptocurrency ETFs. At the moment, SEC has only approved bitcoin ETFs based on bitcoin futures and has so far rejected all rule changes that would allow spot BTC ETFs to be listed on exchanges.
Bloomberg Exchange Traded Fund (ETF) analysts Eric Balchunas and James Seyffarth said that a proposed rule change with the U.S. Securities and Exchange Commission (SEC) could lead to the approval of a Spot Bitcoin ETF in mid 2023. Spot Bitcoin ETFs Could See Approvals by 2023: Bloomberg Analysts Balchunas wrote in a Twitter post Thursday that crypto platforms could fall under the SEC’s regulatory framework if the commission were to approve the amendment to change the definition of “exchange” proposed in January. If the rule change gets implemented, the exchange would have platforms “that can be used to trade securities of any type” including cryptocurrencies that could be more favorable for the regulators. “Expanding the definition of an exchange could eliminate the agency’s primary objection to the products by bringing cryptocurrency platforms under the SEC’s regulatory framework,” Seyffart and Balchunas wrote. “Once crypto exchanges are compliant, the SEC’s primary reason for denying spot Bitcoin ETFs would no longer be valid, likely clearing the way for approval,” they added. New note out on why we think spot bitcoin ETFs will get approved in early Summer 2023. The SEC is proposing to expand the definition of "exchange" which would bring crypto platforms under SEC reg. After that (which could take a year) look for ETFs to get green light via @JSeyff pic.twitter.com/TtFgFXrJ8h — Eric Balchunas (@EricBalchunas) March 24, 2022 Both the analysts expect the change to be finalized sometime between November 2023 and May of 2023 which could result in the regulator approving spot cryptocurrency ETFs. At the moment, SEC has only approved bitcoin ETFs based on bitcoin futures and has so far rejected all rule changes that would allow spot BTC ETFs to be listed on exchanges.
Bloomberg Exchange Traded Fund (ETF) analysts Eric Balchunas and James Seyffarth said that a proposed rule change with the U.S. Securities and Exchange Commission (SEC) could lead to the approval of a Spot Bitcoin ETF in mid 2023. Spot Bitcoin ETFs Could See Approvals by 2023: Bloomberg Analysts Balchunas wrote in a Twitter post Thursday that crypto platforms could fall under the SEC’s regulatory framework if the commission were to approve the amendment to change the definition of “exchange” proposed in January. If the rule change gets implemented, the exchange would have platforms “that can be used to trade securities of any type” including cryptocurrencies that could be more favorable for the regulators. “Expanding the definition of an exchange could eliminate the agency’s primary objection to the products by bringing cryptocurrency platforms under the SEC’s regulatory framework,” Seyffart and Balchunas wrote. “Once crypto exchanges are compliant, the SEC’s primary reason for denying spot Bitcoin ETFs would no longer be valid, likely clearing the way for approval,” they added. New note out on why we think spot bitcoin ETFs will get approved in early Summer 2023. The SEC is proposing to expand the definition of "exchange" which would bring crypto platforms under SEC reg. After that (which could take a year) look for ETFs to get green light via @JSeyff pic.twitter.com/TtFgFXrJ8h — Eric Balchunas (@EricBalchunas) March 24, 2022 Both the analysts expect the change to be finalized sometime between November 2023 and May of 2023 which could result in the regulator approving spot cryptocurrency ETFs. At the moment, SEC has only approved bitcoin ETFs based on bitcoin futures and has so far rejected all rule changes that would allow spot BTC ETFs to be listed on exchanges.
One of the world’s biggest investment bank, Goldman Sachs, is seemingly expanding their bitcoin services as interest continues to grow. After dipping their toes into CME’s bitcoin futures last year,...
Bitcoin futures and options markets are pricing in higher volatility in the near future. Meanwhile, on-chain activity remains firmly in bear market territory, but continues to recover meaningfully.
The Securities and Exchange Commission has shot down two spot bitcoin exchange-traded fund proposals, continuing a trend of rejections from the US securities market regulator.
Cryptocurrency investing has become a hot topic over the last five years, and because of how its popularity has risen, long-term investors could worry that cryptocurrency investing may seem like the wild west of finance. One thing we can say is that it’s starting to appear that crypto is here to stay. What Makes […]