Bitcoin ETF

In a recent interview, Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), voiced his apprehensions about the risks associated with cryptocurrencies, particularly Bitcoin. He also expressed his reservations about the approval of Bitcoin ETFs due to compliance issues in the crypto sector. Furthermore, he discussed the ongoing XRP lawsuit, stating that the SEC would not act on the court's ruling unless advised by its staff.

Grayscale CEO, Michael Sonnenshein, is confident that Bitcoin spot ETFs will receive approval.

Grayscale, the world's largest digital asset management firm, has submitted a new official letter to the court in its lawsuit with the SEC.

Grayscale, the company struggling to convert the Bitcoin Trust product into a Bitcoin ETF, criticized the SEC for approving a leveraged ETF.

BlackRock and ARK Invest are in a race to launch the first spot Bitcoin ETF in the US.

JP Morgan has published a report suggesting that the approval of a spot Bitcoin ETF by the SEC may not significantly transform the cryptocurrency markets.

The recent surge in bitcoin's price is influenced by factors such as the weakening U.S. dollar index and signs of decreasing inflation. Moreover, several companies, including WisdomTree, Invesco, VanEck, Fidelity, and Bitwise, have resubmitted applications for a bitcoin ETF, contributing to the upward momentum in bitcoin's value.

SEC official Hester Peirce criticizes the agency's unclear stance on spot Bitcoin ETF standards.