SEC Chair Gary Gensler Is Still Reviewing 'Multiple Filings' Around Bitcoin ETF — Another $1.4T Asset Giant Joins The Race
Portfolio Pulse from Mehab Qureshi
SEC Chair Gary Gensler confirmed that the agency is still reviewing multiple filings for a Bitcoin ETF, including Grayscale Investments' application. This comes as several firms, including BlackRock, Fidelity, and Franklin Templeton, have filed for spot Bitcoin ETFs. The SEC is currently evaluating a court's decision that ordered it to re-evaluate Grayscale's application.
September 13, 2023 | 3:42 am
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NEUTRAL IMPACT
Franklin Templeton's application for a Bitcoin ETF is under review by the SEC. The outcome could impact Franklin Templeton's ability to attract new investors.
The SEC's decision on Franklin Templeton's Bitcoin ETF application could impact the firm's ability to attract new investors. Approval could attract investors interested in cryptocurrency exposure, while rejection could limit the firm's product offerings.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
BlackRock's application for a Bitcoin ETF is under review by the SEC. The outcome could impact BlackRock's ability to attract new investors.
The SEC's decision on BlackRock's Bitcoin ETF application could impact the firm's ability to attract new investors. Approval could attract investors interested in cryptocurrency exposure, while rejection could limit the firm's product offerings.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The SEC's ongoing review of Bitcoin ETF filings could impact the price of Bitcoin. A positive decision could boost Bitcoin's price, while a negative one could lead to a drop.
The SEC's decision on Bitcoin ETFs could significantly impact the price of Bitcoin. If the SEC approves the ETFs, it could lead to increased institutional investment in Bitcoin, potentially boosting its price. Conversely, if the SEC rejects the ETFs, it could dampen investor sentiment and lead to a drop in Bitcoin's price.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Fidelity's application for a Bitcoin ETF is under review by the SEC. The outcome could impact Fidelity's ability to attract new investors.
The SEC's decision on Fidelity's Bitcoin ETF application could impact the firm's ability to attract new investors. Approval could attract investors interested in cryptocurrency exposure, while rejection could limit the firm's product offerings.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70