SEC decision on Bitcoin ETFs won’t leave out Wall Street giants

” Theres an incredible amount of pressure on the SEC to approve a number of these ETFs, particularly since the approved Futures backed products are lagging area performance considerably, hurting investors,” markets veteran and co-founder of CoinRoutes Dave Weisberger informed Cointelegraph, including that all pending applications will likely be consisted of in a final decision.The SEC is analyzing an overall of eight applications for an area Bitcoin ETF, following past hold-ups and denials of the crypto item in recent years. On Aug. 11, the U.S. markets regulator opened a 21-day remark duration for the ARK 21Shares Bitcoin ETF. SEC application timeline for an area Bitcoin ETF.

” Theres a tremendous quantity of pressure on the SEC to authorize a number of these ETFs, especially since the authorized Futures backed products are lagging area performance significantly, damaging investors,” markets veteran and co-founder of CoinRoutes Dave Weisberger told Cointelegraph, adding that all pending applications will likely be included in a last decision.The SEC is evaluating an overall of 8 applications for a spot Bitcoin ETF, following past hold-ups and denials of the crypto item in current years. On Aug. 11, the U.S. markets regulator opened a 21-day comment period for the ARK 21Shares Bitcoin ETF. As per the filing, the SEC is seeking responses on whether ARK 21Shares proposition is designed to prevent manipulative and deceptive acts and practices, as well as whether the Bitcoin (BTC) market is vulnerable to manipulation.Furthermore, the regulator raised concerns about Coinbases surveillance-sharing arrangement, asking commenters to take a look at whether Coinbases participation in the ETFs surveillance would, in truth, help to discover, deter and examine fraud and adjustment in Bitcoins price. SEC application timeline for an area Bitcoin ETF.