Latest news about Bitcoin Etf

The regulatory authority has recently confirmed postponements for all six of the pending ETF applications.

Jacobi initially gained approval for the fund in October 2021, intending to launch it in 2022. Nonetheless, the company chose to postpone its launch due to unfavorable conditions in other segments of the digital asset market.

The regulatory body is currently examining over a dozen applications for spot Bitcoin and Ether futures-based ETFs.

Despite the declining trading volume, all indicators strongly suggest an imminent break-out.

There are valuable insights to be gleaned from the introduction of the inaugural Gold ETF, yet delving into history requires a cautious approach as well.

The submission of applications from industry behemoth BlackRock and other players has fueled speculation that approval will soon be given.

Larry Fink, CEO of the largest asset management company globally, acknowledges the potential of cryptocurrencies to 'revolutionize finance,' showing support for an industry that he previously approached with skepticism. However, the fundamental principles of Bitcoin are fundamentally contradictory to the nature of an ETF.

The report highlights that despite their presence in Canada and Europe for a considerable period, these ETFs have encountered limited traction among investors.

Shares of Coinbase, which was selected as the preferred platform for surveillance-sharing agreements in ETF applications, surged above $80 at approximately 11:30 ET on Monday.

Nasdaq has resubmitted its application to list a bitcoin ETF managed by BlackRock, responding to the recent report from the SEC which criticized previous proposals as 'inadequate' due to their failure to specify the underlying market's name in surveillance-sharing agreements.