Coinbase’s Grewal Is ‘Quite Hopeful’ That Bitcoin Spot ETFs Will be Approved
Grewal said in a CNBC interview that he is “confident” that after SEC will fulfill its responsibilities in making a decision about the approval of the ETF applications.
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Grewal said in a CNBC interview that he is “confident” that after SEC will fulfill its responsibilities in making a decision about the approval of the ETF applications.
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 20, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Overall market capitalization rose 5% in the past 24 hours.
Approval is likely before Jan. 10, which is the final deadline for the Ark 21Shares applications, the report said.
Many market participants expect the SEC to greenlight the first U.S.-based spot bitcoin exchange-traded fund early next year.
Bitcoin forks led gains in the past 24 hours, outpacing major tokens.
The New York Attorney General filed early Thursday a lawsuit against Genesis, Gemini and DCG for allegedly defrauding investors of $1 billion.
Bitcoin will rise to between $42,000 and $56,000 if a BlackRock spot bitcoin (BTC) ETF is approved, crypto services provider Matrixport said in a report Thursday.
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 19, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The bitcoin options market has flipped bullish across different timeframes since Monday’s erroneous ETF report.