The ongoing Bitcoin ($BTC) ETF saga has been a subject of keen interest for institutional investors who are eagerly anticipating the SEC’s approval. On this episode, we take a look at a possible timeline for approval and chances of a denial by the SEC & Gary Gensler.
Guest: James Seyffart, CFA, CAIA ETF Research Analyst Bloomberg Intelligence
PBN Research
Gary Gensler Asking for More Money
https://en.cryptonomist.ch/2023/07/20/sec-gary-gensler-asks-109-million-regulate-crypto/
Gary Gensler urged senators to grant an additional $109 million to strengthen the markets regulator’s enforcement and technology capabilities.Â
How closer are we to approval now that the filings are in the Federal Register?
https://cointelegraph.com/news/spot-crypto-etf-applications-federal-register-sec-approval
According to records updated July 19, the Federal Register received notices of proposed rule changes allowing Bitcoin BTC $29,194 ETF applications from BlackRock, Fidelity, Invesco Galaxy, VanEck and WisdomTree.
ETH ETF?
https://ambcrypto.com/fidelity-ethereums-long-term-outlook-bullish-but-bitcoin/
46% Americans think Ethereum will surpass Bitcoin
CryptoVantage released the results of a survey on 18 July that reveals that 46% of its respondents think ETH will surpass Bitcoin [BTC]. The survey polled 1,000 Americans who had bought at least some cryptocurrency in the last five years. Overall, it has a positive outlook regarding ETH in the long-term (more than 5 years).