{"id":82659,"date":"2023-08-04T19:48:02","date_gmt":"2023-08-04T16:48:02","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=82659"},"modified":"2025-09-12T06:23:46","modified_gmt":"2025-09-12T03:23:46","slug":"the-sec-has-received-more-than-50-public-comments-on-spot-bitcoin-etfs","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/the-sec-has-received-more-than-50-public-comments-on-spot-bitcoin-etfs\/","title":{"rendered":"The SEC has received more than 50 public comments on spot Bitcoin ETFs"},"content":{"rendered":"

The U.S. Securities and Exchange Commission (SEC), as part of its review of applications to launch spot Bitcoin-ETF<\/span> received<\/a> more than 50 public comments.<\/p>\n

The process began in July. It does not indicate that applications will be approved or rejected. During the 45-day period, anyone can share their views on the instrument.<\/p>\n

According to The Block<\/a>, as of August 3 the Commission had received 52 submissions, most of which express support for a spot ETF based on the first cryptocurrency.<\/p>\n

The musician Joseph B. Dart called<\/a> Bitcoin \u201ca powerful innovation that promotes human rights and improves people’s living standards.\u201d<\/p>\n

Professor of physics at the University of California, John Randle reminded<\/a> that the Commission has already supported exchange-traded funds based on Bitcoin futures [for ProShares<\/a> and VanEck<\/a>].<\/p>\n

On June 15, BlackRock sent<\/a> a filing to the SEC for a spot Bitcoin ETF. Following the financial giant, similar requests came from Valkyrie<\/a>, Fidelity Investments<\/a>, WisdomTree<\/a> and Invesco<\/a>.<\/p>\n

Later, the Commission returned the filings<\/a> because they lacked sufficient information regarding the so-called surveillance-sharing agreement<\/a> or the details of that mechanism. The latter became a key addition to BlackRock’s filing.<\/p>\n

Subsequently, the aforementioned companies promptly sent the agency revised proposals<\/a>. On July 14, the regulator took the applications from BlackRock, VanEck, Invesco, Fidelity Investments and WisdomTree under consideration<\/a>.<\/p>\n

Some analysts welcomed the developments. Bernstein analysts say the SEC will not be able to maintain its negative stance toward spot Bitcoin ETFs for long.<\/p>\n

In August, Bloomberg analyst James Seyffart raised the odds of approving a Bitcoin ETF to 65%. He said that the decisive factors would be events around the SEC’s case against Ripple and the Grayscale lawsuit concerning the conversion of GBTC<\/span> into an exchange-traded fund.<\/p>\n","protected":false},"excerpt":{"rendered":"

The U.S. Securities and Exchange Commission (SEC), as part of its review of applications to launch spot Bitcoin ETFs, has received more than 50 public comments.<\/p>\n","protected":false},"author":1,"featured_media":82660,"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":[128,1211,26],"class_list":["post-82659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-sec","tag-stock-market","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"6","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/82659","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=82659"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/82659\/revisions"}],"predecessor-version":[{"id":82661,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/82659\/revisions\/82661"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/82660"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=82659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=82659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=82659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}