Spot ETF

With the continual rejection of a bitcoin spot ETF but approval of a futures ETF, the SEC is tipping the scale in favor of controlling the market.

Hester Peirce, a commissioner with the SEC, published comments on the failings of the SEC to properly deliver ETPs based on bitcoin and other cryptocurrencies.

A bitcoin spot exchange-traded fund could unlock $8 billion in value for investors if the SEC approves Grayscale’s bid to convert GBTC to an ETF.

Two new bitcoin ETFs launched today in Australia, a spot bitcoin fund directly acquiring bitcoin and a de-facto fund of funds.

On Thursday, two separate bitcoin ETFs will launch, one allowing direct access to bitcoin while the other offers shares in a company that offers spot-bitcoin exposure.

The first bitcoin spot ETF in Australia has been delayed, reportedly by a ‘prime’ broker, and it is unclear when it will start trading.

21Shares is set to become the first issuer to launch a spot bitcoin ETF in Australia after Cosmos announced its de-facto fund of funds.

In an interview with CNBC, the CEO of Grayscale Investments argued that his company sees the approval of a spot bitcoin ETF as a matter of time.