'U.S. SEC Accepts Six Spot Bitcoin ETF Proposals For Review' - Reuters News
Portfolio Pulse from Happy Mohamed
The U.S. Securities and Exchange Commission (SEC) has accepted applications for spot bitcoin exchange-traded funds (ETFs) from six firms including BlackRock, Bitwise, VanEck, WisdomTree, Fidelity, and Invesco. The SEC has previously rejected similar applications due to concerns over anti-fraud and investor protection standards. Nasdaq, where BlackRock proposed to list its ETF, plans to address these concerns by working with Coinbase to police trading in the underlying bitcoin market.
July 19, 2023 | 2:06 pm
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POSITIVE IMPACT
BlackRock's proposal for a spot bitcoin ETF has been accepted by the SEC for review. If approved, this could potentially increase the company's asset base and revenues.
The acceptance of BlackRock's proposal by the SEC is a positive development for the company. If the ETF is approved, it could attract more investors to BlackRock, potentially increasing its asset base and revenues.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Invesco's proposal for a spot bitcoin ETF has been accepted by the SEC for review. If approved, this could potentially increase the company's asset base and revenues.
The acceptance of Invesco's proposal by the SEC is a positive development for the company. If the ETF is approved, it could attract more investors to Invesco, potentially increasing its asset base and revenues.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Nasdaq, where BlackRock proposed to list its ETF, plans to work with Coinbase to address the SEC's concerns. This could potentially increase the exchange's credibility and attract more listings.
Nasdaq's plan to work with Coinbase to address the SEC's concerns could potentially increase its credibility in the eyes of regulators and investors. This could attract more companies to list their ETFs on the exchange, potentially increasing its revenues.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
WisdomTree's proposal for a spot bitcoin ETF has been accepted by the SEC for review. If approved, this could potentially increase the company's asset base and revenues.
The acceptance of WisdomTree's proposal by the SEC is a positive development for the company. If the ETF is approved, it could attract more investors to WisdomTree, potentially increasing its asset base and revenues.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80