SEC has a ‘hard no’ stance on spot Ethereum ETFs, but issuers are optimistic: FOX reporter
FOX Business' Eleanor Terrett relayed comments from various sources today.
Follow crypto ETF news, approvals, inflows, issuers, and market reactions across spot Bitcoin, Ethereum, and digital asset funds.
Multiple firms are looking to launch spot Bitcoin ETFs within the coming months now that Hong Kong has softened its stance toward the industry.
The decline to around $40,000, Bitcoin's lowest level since mid-December of the previous year, has been driven by a sustained sell-off amid a series of macroeconomic and market-specific factors.
Grayscale tightens its NAV to -0.27% while BlackRock trades at a discounted -0.3% for the first time.
Growing investor appetite evident as "Newborn Nine" Bitcoin ETFs accumulate $4 billion in assets under management.
The agency could decide on approval between February and September.
Jenny Johnson said the launch of Franklin Templeton's Bitcoin ETF is a strategic response to the increased use of Bitcoin in transactions and its integration into the broader financial system.