Need Help?

Join The Community

20 Days
Antminer S19Pro 20Days
BTC-Activity
Service Fee
The service fee refers to the operation and maintenance expenses incurred by 1024Mining to ensure the stable operation of the mining machine.
$0.0439/TH/Days
Hashrate fee
Cloud computing power fees refer to the fees paid when purchasing computing power through cloud services.
$0.0298/TH/Days
Sold 30%
$14.74
$17.36
Buy Now

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.

Share:

More Posts

Where does Bitcoin decentralization go?

The uneasiness and agitation in the market that followed the Bitcoin halving was expected. The block price was halved to 3.125BTC, and the miners’ income was reduced by half. The market needs to be given a self-healing cycle, which will be determined by the market. The development of BTC It has gained a large number

Blackrock CEO: ‘Very optimistic’ on Bitcoin

On March 29, BlackRock CEO Larry Fink was “pleasantly surprised” by the performance of the Bitcoin ETF and reiterated his “very optimistic” view on the long-term viability of bitcoin. Attitude changeIn an interview with Fox Business on March 27, Fink said, “IBIT is the fastest growing ETF in ETF history. In the history of ETFs,

Why should we mine Bitcoin before the halving?

The world of cryptocurrency is constantly evolving, and one of the most significant events in the Bitcoin community is the halving. This event, which occurs every four years, has a major impact on the mining of Bitcoin. In this article, we will explore what the halving is, why it is important, and why it is

1024Mining Brazil Bitcoin Friends Meetup

Brazil is quickly becoming a hub for cryptocurrency and blockchain technology, with a growing community of enthusiasts and investors. In order to bring this community together and promote further development, 1024Mining hosted the first Friends of Bitcoin event in São Paulo, Brazil. This Bitcoin-only event will be a unique opportunity to network, learn, and celebrate

Send Us A Message

en_USEnglish

Discover more from 1024Mining

Subscribe now to keep reading and get access to the full archive.

Continue reading

Scroll to Top