Cointime

Download App
iOS & Android

SEC Delays Decision on Bitcoin ETFs, Potentially Setting Up Approvals in January

The SEC has postponed its decision on whether to approve or reject proposals for two bitcoin ETFs, the Franklin Bitcoin ETF and the Hashdex Bitcoin Futures ETF. Bloomberg ETF Analyst James Seyffart has suggested that the SEC may be preparing to approve a batch of bitcoin ETFs in early January by delaying decisions until now. The SEC has requested public comments on issues such as the potential for manipulation of the funds and underlying bitcoin markets. The final decision on whether to approve or reject the proposed rule change will be made by January 1, 2024, and interested parties have 21 days to submit initial comments to the SEC.

Comments

All Comments

Recommended for you

  • Robinhood Chief Legal Officer Dan Gallagher Says He Won't Become SEC Chairman

    According to market news, Dan Gallagher, the Chief Legal Officer of Robinhood, stated that he would not serve as the Chairman of the US Securities and Exchange Commission.
  • U.S. Supreme Court rejects Facebook's attempt to avoid shareholder securities fraud lawsuit

     US Supreme Court rejected Facebook's attempt to avoid shareholder securities fraud lawsuits under the META umbrella.
  • Family Offices Evolve into Powerful Investment Entities with Innovative Strategies and Advanced Technologies

    Family offices, which traditionally focused on conservative investment strategies, have transformed into powerful investment entities with a focus on alternative investments, private equity, co-investments, venture capital, and impact investing. This shift has been driven by innovative financial solutions and modern investment strategies, responding to technological advancements and an evolving global financial landscape. Family offices are taking a more active role in direct investments and co-investments, particularly in high-growth companies and startups, enhancing their control and flexibility. They are also diversifying further into private markets and real assets due to geopolitical and macroeconomic uncertainties, while embracing innovative financing solutions and cutting-edge risk management techniques. Additionally, family offices are implementing AI technologies to improve their decision-making processes, particularly in investment analysis, reflecting their commitment to innovation and strategic planning.
  • The Evolution of Family Offices: Embracing Innovative Investment Strategies and Technology

    Family offices have shifted from conservative investment strategies to more active roles in direct investments and co-investments, thanks to innovative financial solutions and modern investment strategies. They are now leaders in alternative investments, private equity, co-investments, venture capital, and impact investing, leveraging their capital through non-recourse and limited-recourse financing to expand their investments across sectors and regions. Family offices are also adopting sophisticated risk management strategies, diversifying further into private markets and real assets, and integrating advanced technologies such as AI-driven platforms to enhance decision-making processes. A family office in the UAE, International Venture Investments Holding, takes an active investment approach, emphasizing operational autonomy and forming dedicated management teams for specific projects. The UBS Global Family Office Report 2024 shows that 78% of family offices plan to invest in generative artificial intelligence in the next two to three years.
  • Source: a16z expected to get a seat on Trump’s cryptocurrency advisory board

    On November 22nd, according to multiple executives in the digital asset industry, many cryptocurrency companies such as Ripple, Kraken, and Circle are vying for seats on the cryptocurrency advisory committee promised by President Trump, seeking to have a say in their plans for US policy reform. One source said that the cryptocurrency department of venture capital giant Andreessen Horowitz, a16z, is expected to receive a seat, but currently an a16z spokesperson declined to comment on the matter.
  • UK to Draft Regulatory Framework for Crypto Industry by Early Next Year

    The U.K. intends to create regulations for the cryptocurrency industry by early 2022, with a focus on stablecoins and staking services. This announcement by Economic Secretary Tulip Siddiq at a conference in London will provide clarity for the industry after months of uncertainty. The new framework will be eagerly awaited by those in the industry, as Bitcoin continues to break records and gain mainstream acceptance.
  • Matrixport: It is recommended that institutional investors allocate both Bitcoin and gold

    On November 22, Matrixport's latest weekly report shows that the progress of the fifth Bitcoin bull market coincides with its prediction for July 2023. The report predicts that Bitcoin will reach $125,000 in December 2024, and with Bitcoin approaching the $100,000 mark, this prediction becomes more credible.
  • Cointime August 17th News Express

    1.VanEck and 21Shares Solana ETF Form 19b-4 Suspected to be Removed from CBOE Website
  • Asset Management Firm Franklin Templeton Files S-1 for New Crypto Index ETF

    On August 17th, Franklin Templeton, an asset management company, is seeking to launch a new exchange-traded fund (ETF) that aims to be a one-stop-shop cryptocurrency investment portfolio, according to a document dated August 16th. The document states that the Franklin Crypto Index ETF will track the performance of the CF Benchmarks Digital Asset Index, which currently only includes Bitcoin and Ethereum. The document states that "the fund will achieve its investment objective by investing in digital assets with weights that are roughly similar to those of the underlying index," and that the ETF may hold other types of cryptocurrencies in the future.
  • CSOP: Bitcoin futures ETF asset size exceeds HK$1 billion

    Li Yilin, Senior Vice President of Sales and Product Strategy at Southern Dongying Asset Management, revealed that the mainstream investment market's acceptance of virtual asset-related products is increasing. Currently, the asset size of Southern Dongying Bitcoin Futures ETF has exceeded HKD 1 billion. In addition, the market is eagerly anticipating the listing of spot Ethereum ETF in the United States, which may drive up the prices of virtual assets. Southern Dongying has seen a continuous inflow of funds into Southern Dongying Bitcoin Futures ETF and Southern Dongying Ethereum Futures ETF.