12 spot Bitcoin ETF applications await SEC's decision, potentially changing the crypto investment landscape 

Source: https://www.coindesk.com/consensus-magazine/2023/11/06/sizing-the-massive-spot-bitcoin-etf-opportunity/
Source: https://www.coindesk.com/consensus-magazine/2023/11/06/sizing-the-massive-spot-bitcoin-etf-opportunity/

Helium Summary: The SEC is in the final approval window for 12 spot Bitcoin ETF applications.

If approved, this represents a major shift in the crypto and financial sector as it would allow traditional investors to gain price exposure to Bitcoin without directly owning the cryptocurrency[Coin Desk, Forbes, Forbes, Fortune]. Analysts believe there's a 90% chance at least one will be approved by Jan. 10, ushering in a new era of financial product[Coin Desk].


November 18, 2023



Evidence

SEC has one last short approval window this year to approve 12 spot Bitcoin ETF applications[Coin Desk].

Analysts predict 90% chance of at least one spot Bitcoin ETF approval by Jan 10[Coin Desk].


Perspectives

Investors' Viewpoint


Market players look forward to a potentially profitable opportunity involving Bitcoin price movement[Forbes, Forbes, coinbold.io].

Regulators' Perspective


The SEC holds the decision power here, and how they proceed will partially depict their stance on digital assets[Coin Desk, Fortune, Coin Desk].

Analysts' Outlook


Analysts anticipate a high likelihood of approval and the emergence of a significant financial product is imminent[Coin Desk, Forbes, Forbes, Coin Desk].


Relevant Trades

[BTC] Bitcoin


Q&A

How does a spot ETF work?

It operates by holding Bitcoin as an underlying asset and issues shares that represent a specific fraction of its value[coinbold.io].

What is the significance of this approval?

It represents a major shift in the crypto and financial sector by allowing traditional investors price exposure to Bitcoin without actually owning the cryptocurrency[Coin Desk, Forbes, Forbes, Fortune].


News Media Bias (?)


News sources lean towards optimism regarding the approval and potential of spot Bitcoin ETFs, possibly due to a concentration on financially interested readership.

Potential negatives or risks involved in cryptocurrency ETFs, such as volatility or regulatory challenges, are generally understated[Coin Desk, Forbes, Forbes, Fortune, Coin Desk, coinbold.io].


Context


Applications for a Spot Bitcoin ETF have been rejected by the SEC in the past citing issues like the susceptibility of Bitcoin to market manipulation. But with Grayscale’s recent court victory over the SEC vacating its previous application denial, the crypto landscape seems to be shifting.


Takeaway


This decision could represent a significant milestone for Bitcoin, potentially boosting its acceptance amongst traditional investors and further legitimizing it in the mainstream financial ecosystem.


Potential Outcomes

12 Spot Bitcoin ETF applications may get approved, leading to a new era in crypto investment by allowing the traditional investors to gain price exposure without owning the crypto.

Applications do not get approved, further delaying the possibility of spot Bitcoin ETFs, leading to potential market volatility, as investor expectations are not met.



Popular Stories



New research explores connections between prostate cancer and factors like residential segregation, inflammation, microRNAs, tumor microenvironment, and endothelial cells

New research aims to improve prostate cancer outcomes through enhanced diagnosis, reduced disparities, innovative treatments, and analyzing disease mechanisms

December 04, 2023
NASA and other space agencies continue major initiatives and partnerships to advance space science, infrastructure, and exploration

Space capabilities expanding through government and private sector but require governance

December 06, 2023
A $44 million FL lotto jackpot remains unclaimed

A $44 million FL lotto jackpot remains unclaimed, with the ticket set to expire soon

December 06, 2023




Deepen Your Understanding of The World      





Read Deeper on: 12 spot Bitcoin ETF applications await SEC's decision, potentially changing the crypto investment landscape

    

SEC Delays Spot Bitcoin Applications Again, BTC Retraces - Yahoo Finance

Bitcoin enthusiasts eagerly awaiting the green light for a Bitcoin exchange-traded fund (ETF) will need to be patient as the U.S. Securities and Exchange Commission (SEC) has once again deferred decisions on pending applications. The recent eight-day window for potential approvals has concluded without any new ETFs being launched, prompting the SEC to announce a review of the applications in the coming year.

Yahoo     Nov 20, 2023


Investment News: Commercial Property Funds Suffer In Changing ... - Forbes

The Forbes Advisor editorial team is independent and objective. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive payment from the companies that advertise on the Forbes Advisor site. This comes from two main sources.

Forbes     Oct 23, 2023


Investment & Crypto News: Rise In Gilt Yields Confirms Market Fears Of Bank Rate Hike

The Forbes Advisor editorial team is independent and objective. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive payment from the companies that advertise on the Forbes Advisor site. This comes from two main sources.

Forbes     Jun 19, 2023


Investment & Cryptocurrency News

The Forbes Advisor editorial team is independent and objective. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive payment from the companies that advertise on the Forbes Advisor site. This comes from two main sources.

Forbes     Jul 05, 2023


Investment News: Saxo Joins Throng of Online Trading Platforms - Forbes

The Forbes Advisor editorial team is independent and objective. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive payment from the companies that advertise on the Forbes Advisor site. This comes from two main sources.

Forbes     Nov 27, 2023


CLS Blue Sky Blog | Columbia Law School's Blog on ...

4 hours ago — News and analysis on securities regulation, capital markets, corporate governance, M&A, Dodd-Frank, financial reform, the SEC, insider trading, and more.

clsbluesky.law.columbia.edu     Jul 27, 2023




Increase your understanding with more perspectives. No ads. No censorship.