Features Today TheBitTimes.com

Following a landmark approval of all Spot Bitcoin ETF applications, the SEC has issued a statement regarding their decision. It is the first time Bitcoin exchange-traded funds will be available on the trade markets. In a statement, SEC Chair Gary Gensler addressed the previous court orders remanding the SEC’s decision on Spot Bitcoin ETF applications. He emphasizes in the statement that the SEC has “reluctantly” approved these applications, but understands it is a major step in the world of finance. JUST IN: 🇺🇸 SEC Chair Gary Gensler issues statement on Spot #Bitcoin ETF approval. "While we approved the listing and trading of certain spot bitcoin ETP shares today, we did not approve or endorse bitcoin ." pic.twitter.com/kuP2oeRaX9 — Watcher.Guru (@WatcherGuru) January 10, 2024 Also Read: SEC Approves All Spot Bitcoin ETFs “Based on these circumstances and those discussed more fully in the approval order, I feel the m...

The cryptocurrency industry is preparing for what seems to be an impending bull market, driven by multiple market factors, such as the potential approval of a Bitcoin Exchange-Traded Fund (ETF) by the Securities and Exchange Commission. This positive outlook has sparked increased enthusiasm and a Fear of Missing Out (FOMO) among investors, leading to a significant increase in the flow of investment funds into the cryptocurrency market. Overcoming a Temporary Disruption Despite a momentary disruption last week, characterized by a record $16 million in outflows, the market has swiftly rebounded, once again attracting significant investments. This resilience suggests a robust and enduring confidence among investors in the long-term potential of crypto currencies. A Surge in Inflows within a Single Week According to Coinshares’ Head of Research, the cryptocurrency market experienced a substantial inflow of $102.7 million into digital assets between Dec. 18 and 24. Bitcoin (BTC)...

In an interview with CNBC, Gary Gensler said that recent court rulings are making the SEC take a “new look” at Bitcoin ETF proposals. Currently, there are many pending Spot Bitcoin ETF applications from multiple financial institutions, including Grayscale, Fidelity, and BlackRock. Gensler said Thursday that the SEC is considering “between eight and a dozen filings” for a spot bitcoin ETF. JUST IN: 🇺🇸 SEC Chair Gary Gensler says they are taking a new look at Spot #Bitcoin ETF's based upon court rulings. pic.twitter.com/mF50rLbrOK — Watcher.Guru (@WatcherGuru) December 14, 2023 However, Gensler went on to note the SEC’s previous denial of ETF proposals, as well as the current wedge between the regulator and the crypto industry. “We had in the past denied a number of these applications, but the courts here in the District of Columbia weighed in on that. And so we’re taking a new look at this based upon those court rul...