in

We could have the first spot Bitcoin ETF on the market near the end of this year, as Grayscale intends to file for SEC approval for its product by “early next week,” according to CNBC.

We could have the first spot Bitcoin ETF on the market near the end of this year, as Grayscale intends to file for SEC approval for its product by “early next week,” according to CNBC.



View Reddit by Bitcoin_MagazineView Source

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

20 Comments

  1. There are currently like 10-16 ETFs for spot trading bitcoin which have been under review with the SEC for the past 4ish years.

    This is nothing new. The Futures ETF legitimizes bitcoin and is the first step to a spot ETF, but this Grayscale filing doesnt get us any closer. They just got in line with all the others which are pending approval.

  2. tldr; Grayscale intends to file for SEC approval for a spot Bitcoin ETF by early next week, according to CNBC. The filing will kick off a 75-day review period for the SEC to either approve or deny the proposed spot BitcoinETF. The spot price of Bitcoin is the current USD cost for immediate purchase and delivery.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  3. Instead of putting money into a retirement fund which then buys shares of another fund which *claims* to buy bitcoins, but is likely doing a rehypothecation scam…

    …individuals should **buy actual Bitcoins** (not alt-coins, GBTC, ETFs, paypal, robinhood, etc), then send their Bitcoins to their own (hardware) wallets.

    “*Not your keys, not your Bitcoins*.” — Antonopoulos

  4. The amount of Bitcoin held by the trust has been shrinking since spring. Probably to pay the 2% fees. The question is, if Grayscale does get the ETF, will the trust be converted or stay the way it is and Grayscale ETF is totally separate.

  5. The SEC has not approved Valkyrie’s Bitcoin Strategy ETF…yet!

    This is a notice from NASDAQ to the SEC saying they have approved the securities and awaiting a decision from the SEC.

What do you think?

Bitcoin ATH

New ATH for Bitcoin: $66,000 reached

Deposit and Earn Up to $3000 Bonus

Chinese investors turn to DEXs to skirt crypto ban