Crypto Outlooks
  • Bitcoin
  • Ethereum
  • Altcoins
  • Price Analysis
  • Exchanges
  • NFT
  • DeFi
  • Glossary
No Result
View All Result
Crypto Outlooks
No Result
View All Result
Home Bitcoin

US SEC evaluates Bitcoin ETF requests from six companies

Gary Flanders by Gary Flanders
2 years ago
US SEC evaluates Bitcoin ETF requests from six companies
  • The SEC is evaluating applications for Bitcoin ETFs from prominent companies.
  • Introducing a spot Bitcoin ETF could address current investment drawbacks.
  • BlackRock’s Bitcoin ETF submission has sparked excitement and increased BTC demand.

The US Securities and Exchange Commission (SEC) has recently announced its intention to comprehensively evaluate the applications submitted by six prominent entities seeking to establish exchange-traded funds (ETFs) for bitcoin in the spot market. Among the esteemed companies whose proposals have been deemed worthy of consideration by the SEC are BlackRock, VanEck, Bitwise, WisdomTree, Fidelity, and Invesco.

The Securities and Exchange Commission (SEC) has initially reviewed the Bitcoin ETF applications submitted by various companies. In a recent analysis conducted by the New York Digital Investment Group (NYDIG), a prominent Bitcoin firm, significant transformative shifts within the Bitcoin community were highlighted as potential outcomes upon approving a spot Bitcoin ETF.

Related

Miner Hash Price Hits Record Low, Mining Profits at Risk

Trump Backs Crypto at Bitcoin Conf; Ethereum Eyes $4454 in 2024

According to NYDIG’s research, introducing a spot ETF in the Bitcoin market would address several drawbacks of current investment options. An ETF is expected to exhibit lower tracking error and improved liquidity compared to private funds and trusts. While the exact trading fee for spot Bitcoin ETFs remains uncertain, the research suggests that expenses associated with such ETFs are likely to be relatively low.

Introducing a spot ETF offers investors a dependable option, ensuring their security and making ETFs a reliable choice. Additionally, Bitcoin ETFs are expected to enhance the ease and convenience of BTC trading, providing the community with improved methods for reporting positions, assessing risks, and fulfilling tax obligations. NYDIG draws a compelling comparison between BTC and gold, emphasizing their significance in the crypto industry.

Bitcoin is about 3.6x more volatile than gold, meaning that on a volatility equivalent basis, investors would require 3.6x less bitcoin than gold on a dollar basis to get as much as risk exposure. Still, that would result in nearly $30B of incremental demand for a Bitcoin ETF.

NYDIG’s optimistic stance on the potential of a spot Bitcoin ETF does not necessarily reflect a universally positive sentiment within the industry. JPMorgan, a prominent financial services firm, has previously expressed skepticism regarding the impact of Bitcoin ETFs, citing their lackluster performance in international markets.

BlackRock’s submission of a Bitcoin ETF has sparked significant excitement within the Bitcoin community, prompting a surge in individuals seeking to amass BTC holdings. Anthony Pompliano, the esteemed founder of Pomp Investments, has aptly remarked, “The race to accumulate Bitcoin is now in full swing.”

Tags: BitcoinBTCETFNYDIGSEC
TweetShareShare
Gary Flanders

Gary Flanders

Passionate writer who is keenly exploring crypto and Blockchain loves to know about new things and explore what is happening in the world. Cherishes writing, primarily about cryptocurrency and Blockchain.

Read also

Miner Hash Price Hits Record Low, Mining Profits at Risk
Bitcoin

Miner Hash Price Hits Record Low, Mining Profits at Risk

by Ian Pittman
11 months ago
Trump Backs Crypto at Bitcoin Conf; Ethereum Eyes $4454 in 2024
Ethereum

Trump Backs Crypto at Bitcoin Conf; Ethereum Eyes $4454 in 2024

by Ian Pittman
11 months ago
SEC Approves First U.S. Ethereum ETFs; Trading Begins
Ethereum

SEC Approves First U.S. Ethereum ETFs; Trading Begins

by Ian Pittman
12 months ago
Bitcoin Mining Hash Rate Stable Amid Market Fluctuations
Bitcoin

Bitcoin Mining Hash Rate Stable Amid Market Fluctuations

by Ian Pittman
12 months ago
US Spot Ethereum ETFs Set to Launch on July 23 Amid SEC Updates
Ethereum

US Spot Ethereum ETFs Set to Launch on July 23 Amid SEC Updates

by Ian Pittman
12 months ago
Bitcoin (BTC)
0.51%
$ 108,397.00
$ 552.82
⇣ 108,050.00
9 Jul
⇡ 109,011.00
Crypto Outlooks

Get insights on market trends, new developments, and expert analysis to help you make informed investment decisions.

Browse by Category

  • Altcoins
  • Bitcoin
  • DeFi
  • Ethereum
  • Exchanges
  • NFT
  • Price Analysis

Get Instant Notifications

Subscribe to our mailing list to receives latest updates direct to your inbox!

*we hate spam as much as you do

  • Glossary
  • Privacy Policy
  • Get in Touch

© 2025 CryptoOutlooks.com

No Result
View All Result
  • Bitcoin
  • Ethereum
  • Altcoins
  • Price Analysis
  • Exchanges
  • NFT
  • DeFi
  • Glossary

© 2025 CryptoOutlooks.com