U.S Sec Reviewing Grayscale Ruling, Bitcoin ETF Filings Says SEC Chair Gensler
Portfolio Pulse from Benzinga Newsdesk
The U.S Securities and Exchange Commission (SEC) is reviewing its previous ruling on Grayscale, a digital currency asset manager, and is also looking into Bitcoin ETF filings, according to SEC Chair Gensler.
September 12, 2023 | 3:23 pm
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NEUTRAL IMPACT
The SEC's review of Bitcoin ETF filings could potentially impact the price of Bitcoin.
The SEC's review of Bitcoin ETF filings could lead to either approval or rejection. An approval could boost Bitcoin's price as it would increase its accessibility to investors. Conversely, a rejection could negatively impact the price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The SEC's review of Grayscale and Bitcoin ETF filings could potentially impact the broader market, represented by SPY.
The SEC's review could lead to changes in the regulatory environment for digital assets, which could have ripple effects on the broader market. However, the direct impact on SPY is uncertain at this stage.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60