Investment firms Grayscale and Bitwise said they are optimistic that a spot Bitcoin exchange-traded fund (ETF) will be approved by the US Securities and Exchange Commission (SEC).
grayscale and Bitwise, Consensus 2022 Conferencein They are optimistic that the SEC will soon approve a spot Bitcoin ETF. expressed.
Bitwise’s Chief Investment Officeru Matt Hougan About the subject, “There is a perception in the crypto industry that the SEC just said no, and for now, the facts show it.” made statements.
of the SEC, 1940 Investment Act based on a Bitcoin futures ETF and, more recently, the law under which spot Bitcoin futures ETFs are filed. to the Investment Act of 1933 mentioning that he has approved two Bitcoin futures ETFs based on houganmade the following statements:
This is progress that will end with a spot Bitcoin ETF approval. So they’re really making progress, not just at the pace of the crypto community.
Global Head of ETFs at Grayscale, agreeing with Hougan David LaValle, “The questions about whether that would actually happen weren’t so long ago. Now the question of when that will happen is quite clear.” said.
LaValle Moreover, SEC rejects Grayscale’s application in case of company “will focus on addressing all options” stated.
both grayscale as well as Bitwise‘s upcoming spot Bitcoin ETF filings with the SEC final decision dates exists. SECof Grayscale, which has gone through a period of public comment Proposal to convert Grayscale Bitcoin Trust (GBTC) to spot Bitcoin ETF for 6 July to history, Bitwise application for the last 29 June He has to decide by date.
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