{"id":80836,"date":"2023-06-27T16:22:25","date_gmt":"2023-06-27T13:22:25","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=80836"},"modified":"2025-09-11T19:24:29","modified_gmt":"2025-09-11T16:24:29","slug":"ceo-circle-regulators-have-made-progress-on-the-bitcoin-etf","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ceo-circle-regulators-have-made-progress-on-the-bitcoin-etf\/","title":{"rendered":"CEO Circle: Regulators have made progress on the Bitcoin ETF"},"content":{"rendered":"<p>Co-founder and CEO of Circle, Jeremy Allaire, predicted that the recent wave of applications to launch Bitcoin-<a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETF<\/a> would ultimately lead to approval by regulators.<\/p>\n<p><iframe loading=\\\"lazy\\\" width=\\\"560\\\" height=\\\"315\\\" src=\\\"https:\/\/www.youtube.com\/embed\/mhvcWogKhTQ\\\" title=\\\"YouTube video player\\\" frameborder=\\\"0\\\" allow=\\\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\\\" allowfullscreen><\/iframe><\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\"><p>\\n<\/p>\n<p>\\&#8221;I think progress is achieved through more mature market structures that will support something like this. We have developed spot markets, well-regulated custody infrastructure, and market oversight,\\&#8221; Allaire noted.<\/p>\n<p>\\n<\/p><\/blockquote>\n<p>In June, applications to launch the spot Bitcoin-ETH ETF were filed by asset managers <a href=\"https:\/\/u1f987.com\/en\/news\/valkyrie-seeks-to-register-a-spot-bitcoin-etf\">Valkyrie<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/blackrock-files-for-bitcoin-etf-launch\">BlackRock<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/wisdomtree-and-invesco-file-applications-to-launch-bitcoin-etfs\">WisdomTree and Invesco<\/a>.<\/p>\n<p>According to the Circle chief, \\&#8221;many of the previous concerns are being resolved,\\&#8221; and, \\&#8221;more likely,\\&#8221; exchange-traded crypto funds will be approved for retail investors.<\/p>\n<p>Analysts at <a href=\\\"https:\/\/blog.coinshares.com\/volume-137-digital-asset-fund-flows-weekly-report-a6eaca3b9dd9\\\">CoinShares<\/a> in June recorded a weekly inflow into digital-asset investment products of $199 million \u2014 a record since the summer of 2022.<\/p>\n<figure class=\\\"wp-block-image size-full\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/1_yXPSsmBSNVmVRjyTg6nECw.webp\\\" alt=\\\"1_yXPSsmBSNVmVRjyTg6nECw\\\" class=\\\"wp-image-210275\\\"\/><figcaption class=\\\"wp-element-caption\\\">Weekly inflows into crypto funds. Data: CoinShares.<\/figcaption><\/figure>\n<p>Allaire added that \\&#8221;digital store-of-value assets like Bitcoin remain a hedging instrument in the context of persistent inflation and currency weakness.\\&#8221;<\/p>\n<p>As of now, the U.S. Securities and Exchange Commission (SEC) has rejected nearly all ETF applications: an exception was made for <a href=\"https:\/\/u1f987.com\/en\/news\/sec-quietly-approves-first-futures-based-bitcoin-etf\">ProShares<\/a> and <a href=\"https:\/\/u1f987.com\/en\/news\/sec-approves-futures-based-bitcoin-etfs-from-vaneck-and-valkyrie-investments\">Valkyrie Investments<\/a>, which are based on Bitcoin futures on the Chicago Mercantile Exchange. Grayscale <a href=\"https:\/\/u1f987.com\/en\/news\/grayscale-sues-sec-over-refusal-to-convert-gbtc-into-an-etf\">filed a lawsuit against the regulator<\/a> after the rejection.<\/p>\n<p>The Wall Street Journal <a href=\"https:\/\/u1f987.com\/en\/news\/wall-street-journal-criticises-sec-chief-over-bitcoin-etf-situation\">accused the head of the SEC<\/a> Gary Gensler of a \\&#8221;misleading\\&#8221; approach to approving a spot ETF based on the leading cryptocurrency.<\/p>\n<p>Analyst at ARK Invest Yassine Elmandjra <a href=\"https:\/\/u1f987.com\/en\/news\/opinion-blackrocks-etf-could-be-a-turning-point-for-bitcoin\">stated<\/a> that BlackRock&#8217;s filing for an exchange-traded Bitcoin fund could be a \\&#8221;significant turning point on the path to institutional acceptance of digital gold.\\&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Co-founder and CEO of Circle, Jeremy Allaire, predicted that the recent wave of applications to launch Bitcoin-{{AOPEN_1}}ETF{{ACLOSE_1}} would ultimately lead to regulatory approval.<\/p>\n","protected":false},"author":1,"featured_media":80837,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1220,1138,1211],"class_list":["post-80836","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-circle","tag-opinions","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=80836"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80836\/revisions"}],"predecessor-version":[{"id":80838,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80836\/revisions\/80838"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/80837"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=80836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=80836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=80836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}