Said allow bitcoin futures as deadline

SEC Said To Allow Bitcoin Futures ETFs As Deadline Looms

The United States’ main securities regulator could inform spot Bitcoin ETF applicants of approval in the coming days, Reuters said on Dec. 29. Said to allow bitcoin etfs deadline The strike range extends above and below the current futures price so that risk can be managed whether the futures price increases or decreases.

Said to allow bitcoin futures deadline

To date, the Securities and Exchange Commission has rejected or postponed approval of more than a dozen applications for ETFs that would invest directly in Bitcoin, starting with its 2017 rejection of a filing by Tyler and Cameron Winklevoss. Bitcoin ETFs in February 2024 A Grayscale spokeswoman in a comment to Barron’s said that the firm is operationally ready to convert GBTC into an ETF as soon as it gets approval to do so.

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The SEC is expected to rule on the ARK 21Shares spot Bitcoin ETF application on Jan. 10. The deadline for applications from other asset managers, including investment giant BlackRock, will come soon after. ← Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Authors may own the stocks they discuss. The information and content are subject to change without notice.

Said to allow bitcoin etfs deadline

Bitcoin price, at the time of writing, could be seen trading at $43,530, moving sideways for the past week, failing to breach the $44,000 resistance level. This price point marks the year-to-date high, and breaching it would be a short-term bullish catalyst for the cryptocurrency. Court Decision In Favor Of Grayscale Will Force The SEC To Make A Decision On Bitcoin ETFs “I don’t think there’s much life for that product after spot bitcoin launches,” said Will Peck, head of digital assets at WisdomTree, which has filed to launch a spot bitcoin ETF. Peck acknowledged that bitcoin futures ETFs could retain some short-term trading utility but “if you’re a financial adviser or long-term investor, I don’t see why you’d have it”.