• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Grayscale Bitcoin ETF Support Wave Explodes: Is It Enough to Convince the SEC?

192
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Most traders have offered their optimistic assistance as to why the SEC ought to approve the conversion of the Grayscale Bitcoin Trust (GBTC) fund into a Bitcoin spot ETF.

Grayscale Bitcoin ETF Support Wave Explodes: Is It Enough to Convince the SEC?
Support Boom for Grayscale Bitcoin ETFs: Is That Enough to Convince the SEC?

The United States Securities and Exchange Commission (SEC) has permitted traders to comment and deliver suggestions on Grayscale’s proposal to open a Bitcoin ETF. As quickly as the announcement was created, the listing was straight away extended to the vast majority of folks who agreed.

Related articles

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

May 20, 2024
Avalanche (AVAX) price is among the few altcoins that have dropped sharply

Avalanche (AVAX) price tag is amid the couple of altcoins that have dropped sharply – Bitcoin News 2024

April 16, 2024

On February 15, Bloomberg veteran analyst Eric Balchunas reviewed a quantity of current feedback demonstrating a 95% approval price for the SEC’s proposal.

I’m just checking out the quite a few feedback from ppl to the SEC that is converting $ GBTC to an ETF and 95% are in favor and most use serious names and stage to the remarkable reality that ETF futures are fine but will not. for instance: pic.twitter.com/j15iNYnh8R

– Eric Balchunas (@EricBalchunas) February 14, 2022

Many traders responded to the SEC’s proposal by claiming that the regulator has accepted ETF merchandise primarily based on Bitcoin futures, such as ProShares Bitcoin Strategy ETF (BITO), The Valkyrie Bitcoin Strategy ETF (BTF), and VanEck’s Bitcoin Strategy ETF (XBTF). , so a industrial product or service ought to also be out there. While other people argue that the US hazards falling behind other nations this kind of as Canada if they will not distribute the product or service promptly.

However, there have been conflicting views on no matter if the fund developed arbitrage possibilities to get total benefit of the retail trader’s loophole. GBTC Premium’s latest framework has offered experienced traders an edge in excess of typical ground.

Grayscale Bitcoin Trust traded at the worst GBTC premium in current months. At the time of creating, GBTC Premium hovers all over 25%. This signifies that when BTC is at present priced at all over $ 43,600, the GBTC share cost will only be well worth all over $ 32,500.

The GBTC Premium Index is part of Grayscale's Bitcoin investment product as of February 15, 2021. Source: Coinglass
The GBTC Premium Index is element of Grayscale’s Bitcoin investment product or service as of February 15, 2021. Source: Coinglass

Grayscale officially utilized for a spot ETF on Bitcoin in October. On February four, the SEC delayed the determination citing the similar loved ones issues pertaining to manipulation, liquidity and transparency, regardless of requests from US lawmakers for prior approval. As of February 15, Grayscale Bitcoin Trust stays the greatest BTC fund in the planet with a complete worth of $ 27 billion underneath management.

ANNOUNCEMENT: As our product or service loved ones continues to increase, we have developed a new resource for our fund info, up to date everyday, so there is no require to wait for our everyday snapshot. We will carry on to tweet a reminder each week: https://t.co/ivV82Q4bBo pic.twitter.com/Gg6ePrhx47

– Grayscale (@ Grayscale) February 14, 2022

Synthetic currency 68

Maybe you are interested:

Maybe you are interested:

Tags: BitcoinconvinceETFexplodesGrayscaleSECsupportwave
Share77Tweet48

Related Posts

Vanadi Coffee Considers €1 Billion Bitcoin Investment Plan

by shark
June 5, 2025
0

Spanish coffee chain Vanadi proposes €1 billion Bitcoin investment awaiting board approval.

Ethereum Surges Past $2.6K Amid Institutional Interest

by shark
June 5, 2025
0

Ethereum surpasses $2,600 as BlackRock invests heavily, sparking renewed institutional interest.

Solana Faces Volatility, Seeks Stability in H2 2025

by shark
June 5, 2025
0

Solana's price fluctuates amid strong network activity; $165 resistance remains a key focus.

Cryptocurrency Markets Brace for Impact Amid Trump’s Pressure on Fed for Rate Cuts

by shark
June 5, 2025
0

Donald Trump criticizes Jerome Powell for not cutting interest rates after weak job data, emphasizing the need for competitive economic...

Shiba Inu and Coinbase Users Warned of Phishing Scam

by shark
June 5, 2025
0

Major alert for Shiba Inu and Coinbase users as a sophisticated phishing scam targets personal credentials.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Vanadi Coffee Considers €1 Billion Bitcoin Investment Plan
  • Breaking: Qubetics, BNB, and Crypto Giants Surge with Fresh Developments and 4,350% Potential ROI
  • Ethereum Surges Past $2.6K Amid Institutional Interest
  • Solana Faces Volatility, Seeks Stability in H2 2025
  • Cryptocurrency Markets Brace for Impact Amid Trump’s Pressure on Fed for Rate Cuts
  • Shiba Inu and Coinbase Users Warned of Phishing Scam
  • Czech PM Faces Crisis Over €40M Bitcoin Donation
  • Matrixport Reevaluates Strategies Amid BTC Dominance Concerns
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7