Jihan Wu stands by Matrixport’s contentious Bitcoin ETF analysis amid market shakeup
The co-founders statement comes after industry backlash on the firm's latest Bitcoin report, which prominent analysts say is based on pure speculation.
Follow crypto ETF news, approvals, inflows, issuers, and market reactions across spot Bitcoin, Ethereum, and digital asset funds.
Matrixport stated that the SEC might reject ETF applications because of the SEC's compliance demands.
Amid extensive engagement and amendments, potential spot Bitcoin ETF approvals loom as SEC reviews final applications.
The omission has raised questioned among experts and the community as Grayscale has previously named Jane Street and Virtu Financial as its APs.
Firms may be notified on Tuesday or Wednesday to prepare for a Jan. 10 launch.
Bitwise's seed fund is 20x larger than the $10 million seed investment recently announced by BlackRock for its own spot Bitcoin ETF.
VanEck amends spot Bitcoin ETF filing, emphasizing cash transactions and hints at Coinbase Custody partnership.