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The Impact Of The US SEC Postponing All Bitcoin Spot ETF Resolutions On The Industry

The U.S. Securities and Exchange Commission (SEC) has decided to delay the approval of several Bitcoin spot ETFs. The decision has sparked speculation about its potential impact on the Bitcoin market. This article first understands the concept of ETF, Bitcoin ETF, and Bitcoin spot ETF, why Bitcoin spot ETF has a major impact on the cryptocurrency industry, what Bitcoin spot ETF applications are currently available, and the market’s expectations for Bitcoin spot ETF.

What is a Bitcoin Spot ETF?

ETF is the abbreviation of Exchange Traded Fund . They are a hybrid between individual stocks and mutual funds that provide a pool of assets, such as stocks, bonds or commodities, that can be traded on major stock exchanges. Investors can buy and sell them like regular stocks.A Bitcoin ETF is a combination of an ETF and Bitcoin, and is a financial product that allows investors to gain exposure to Bitcoin without actually owning the cryptocurrency itself. These ETFs track the price of bitcoin and offer traditional investors an alternative investment option.

The Bitcoin ETF can be divided into the Bitcoin Futures ETF and the Bitcoin Spot ETF.

The Bitcoin Futures ETF tracks the Bitcoin Futures contract, and the Bitcoin Spot ETF tracks the Bitcoin Spot, requiring each ETF to be backed by physical Bitcoin. Moreover, compared with directly holding BTC, Bitcoin Spot ETF investors do not need to carry out complicated storage and security measures. Large groups of investors have easy access to Bitcoin assets, although they do not hold BTC themselves; ETF issuers and custodians hold it on their behalf. The Bitcoin Spot ETF connects traditional finance and cryptocurrency to the greatest extent. Therefore, people in the encryption industry generally believe that the approval of the Bitcoin ETF is a great benefit for the industry.

Bitcoin Spot ETF Application List 

According to the US SEC website, here is the full list of all Bitcoin Spot ETF applications:

  • ARK 21Shares Bitcoin ETF (ARKB) by 21Shares & ARK
  • iShares Bitcoin Trust by BlackRock
  • Bitwise Bitcoin ETP Trust by Bitwise
  • VanEck Bitcoin Trust by VanEck
  • Wisdomtree Bitcoin Trust (BTCW) by Wisdomtree
  • Invesco Galaxy Bitcoin ETF by Invesco & Galaxy
  • Wise Origin Bitcoin Trust by Fidelity
  • Valkyrie Bitcoin Fund (BRRR) by Valkyrie
The market is full of expectations for the listing of the Bitcoin Spot ETF.

This delay in approval is a blow to the cryptocurrency market. Bitcoin pulled back from $27,000 to $25,900 again. The reaction of the market shows that investors are disappointed with the SEC’s resolution, but it must also be admitted that the SEC’s behavior is in line with market expectations. The delay suggests the SEC needs more time to assess the risks and implications of approving these ETFs. While this delay may cause temporary uncertainty and market volatility, the SEC’s primary goals are to protect investors and ensure a fair market. By delaying the decision, the SEC aims to carefully assess the potential risks and benefits of introducing a Bitcoin Spot ETF. This prudent approach is intended to protect the interests of investors and prevent any potential market manipulation or fraud.

While the delay may cause a short-term market reaction, the market is still full of expectations for the listing of the Bitcoin Spot ETF.The SEC’s evaluation process is critical to establishing a strong and sustainable framework for cryptocurrencies within the financial system. As an investor, keep abreast of the situation and pay attention to regulatory developments. Understanding the potential impact of regulatory decisions is more conducive to making informed investment decisions.


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