[Crypto News(크립토)] SECs Stance on Bitcoin ETFs (2024)

[Crypto News(크립토)] SECs Stance on Bitcoin ETFs (1)Photo from Shutterstock

SEC's Stance on Bitcoin ETFs

The Crypto Times reports the SEC's steadfast refusal to approve Bitcoin ETFs, citing concerns over market regulation and investor protection. Despite the growing acceptance of Bitcoin, the SEC points to potential risks in the spot market, such as fraud and price manipulation. The industry, however, sees this as a hindrance to innovation. With the evolving crypto landscape and the appointment of Gary Gensler as SEC Chairman, there's a hint of potential change in the SEC's rigid stance.

SEC, 비트코인 ETF 승인 거부 지속

'더 크립토 타임즈'는 SEC가 시장 규제와 투자자 보호에 대한 우려로 비트코인 ETF 승인을 계속 거부하고 있다고 보도했습니다. 비트코인의 점점 증가하는 수용에도 불구하고, SEC는 스팟 시장에서의 사기와 가격 조작과 같은 잠재적 위험을 지적합니다. 업계는 이를 혁신에 대한 방해요소로보고 있습니다. 암호화폐 분야의 변화와 게리 겐슬러가 SEC 위원장으로 임명되면서 SEC의 엄격한 입장에 변화가 있을 수 있다는 신호도보입니다.

Bitcoin's Journey to $100,000: A Real Possibility?

A recent article by Neil Patel on Nasdaq.com explored the potential for Bitcoin to reach $100,000. Despite its 47% fall from its peak, Bitcoin has shown a remarkable 115% rise in 2023. Upcoming catalysts like the SEC's possible approval of spot ETFs, a more accommodative central bank policy, and the expected halving in April 2024, which will lower Bitcoin's inflation rate, all contribute to this optimistic outlook. Patel advises investors to start small and gradually increase their Bitcoin investment as they become more knowledgeable, keeping a long-term perspective.

비트코인, 10만 달러 도달 가능성 있나?

닐 파텔이 '나스닥닷컴'에서 작성한 최근 기사에서 비트코인이 10만 달러에 도달할 수 있는 가능성을 탐구했습니다. 최고점에서 47% 하락했음에도 불구하고, 비트코인은 2023년에 놀라운 115% 상승을 보였습니다. SEC의 스팟 ETF 승인 가능성, 더 용이한 중앙은행 정책, 그리고 2024년 4월 예정된 반감기로인해 비트코인의 인플레이션율이 낮아질 것이라는 점 등이 긍정적인 전망에 기여하고 있습니다. 유통되는 비트코인의 비율이 주기적으로 감소하는 것을 ‘비트코인 반감기’라고 합니다. 파텔은 투자자들에게 작게 시작해 점차적으로 비트코인에 대한 투자를 늘리며 장기적인 관점을 유지할 것을 조언합니다.

Reflecting on Bitcoin's Historical High: What's Next?

CoinDesk's article reminisces about Bitcoin's peak two years ago and speculates on another rally. Despite a 47% drop from its high, Bitcoin surged 115% in 2023. The potential for a new high hinges on spot ETF approvals, central bank policies, and Bitcoin's 2024 halving. With institutional interest growing and the crypto market evolving, Bitcoin's journey faces macroeconomic influences and a mix of speculation and innovation.

비트코인 역사적 고점 회고: 다음은 무엇인가?

코인데스크는 최근 기사에서2년 전 비트코인의 최고점을 회상하며 다른 랠리에 대한 가능성을 탐구했습니다다. 최고점에서 47% 하락했음에도 불구하고 2023년 비트코인은 115% 상승했습니다. 새로운 고점 가능성은 스팟 ETF 승인, 중앙은행 정책, 2024년 비트코인의 반감기와 같은 요소에 달려 있습니다. 기관 투자자의 관심이 증가하고 암호화폐 시장이 발전함에 따라, 비트코인의 여정은 거시경제적 영향과 투기 및 혁신의 혼합에 직면해 있습니다.

[Crypto News(크립토)] SECs Stance on Bitcoin ETFs (2)Photo from Shutterstock

Solana's Impressive 40% Surge This Week

According to CoinTelegraph, Solana's price soared by 40% this week, reaching a new 2023 high of around $58. This surge, the best since January 2023, is attributed to easing fears over FTX dump and a rising buzz around Bitcoin ETFs. Despite the sale of SOL tokens by FTX's bankruptcy estate, investor enthusiasm remains high. Technical indicators suggest the potential for further gains, with the upside target for SOL price before year-end at around $90, a 50% increase from current levels.

이번 주 솔라나의 인상적인 40% 급등

코인텔레그래프에 따르면, 이번 주 솔라나의 가격은 약 58달러로 40% 급등하며 2023년 새로운 최고치를 기록했습니다. 이 급등은 FTX-덤프에 대한 두려움의 완화와 비트코인 ETF에 대한 증가하는 관심 때문으로 보입니다. FTX 파산 재산에서 SOL 토큰이 판매되었음에도 불구하고 투자자들의 열정은 여전히 높습니다. 기술적 지표는 추가 상승 가능성을 시사하며, 연말까지 SOL 가격의 상승 목표는 현재 수준에서 약 50% 증가한 90달러 정도로 예상됩니다.

Crypto Market Surges with ETF Hopes and Blockchain Payment Innovations

Investing.com reports a significant rise in the crypto market, driven by investor excitement over potential exchange-traded funds (ETFs) and advancements in blockchain payment technology. Major cryptocurrencies like Bitcoin and Ethereum have seen notable gains amid this optimism. The market's upward trend is buoyed by companies like Visa and Shopify exploring blockchain for payment solutions, reflecting a growing interest in blockchain's practical applications beyond investment.

ETF 기대와 블록체인 결제 혁신으로 암호화폐 시장 상승

Investing.com은 잠재적인 ETF와 블록체인 결제 기술의 발전에 대한 투자자들의 기대감으로 인해 암호화폐 시장이 크게 상승했다고 보도했습니다. 비트코인과 이더리움과 같은 주요 암호화폐들이 이러한 낙관론 속에서 주목할만한 상승세를 보였습니다. 비자와 쇼피파이와 같은 기업들이 결제 솔루션을 위한 블록체인을 탐색하면서, 투자를 넘어 실용적인 블록체인 응용에 대한 관심이 증가하고 있습니다.

[Crypto News(크립토)] SECs Stance on Bitcoin ETFs (2024)

FAQs

What is the SEC decision on bitcoin ETF? ›

In the USA, the SEC's approach to Bitcoin ETFs initially involved compromises, favouring futures ETFs due to their perceived lower volatility and lower risk of price manipulation. However, a court ruling in August 2023 compelled the SEC to authorise spot ETFs, leading to a significant market rally.

Is bitcoin ETF going to be approved? ›

While that application was eventually rejected, bitcoin ETFs based on futures products were eventually approved by the SEC starting in 2021. Up until now, a large number of spot-based bitcoin ETF applications had been rejected on the grounds that bitcoin's unregulated nature creates too much risk for investors.

Why not invest in bitcoin ETF? ›

However, investing in crypto ETFs is not without risk. The market is volatile, with prices fluctuating significantly in short periods. In addition, the regulatory landscape for crypto is evolving, and changes in regulations will undoubtedly impact the performance and availability of these ETFs.

What happens if bitcoin gets ETF? ›

When ETF shares are subsequently bought or sold, the price fluctuates like any other fund, but there is no direct impact on bitcoin. Shares can trade at a premium or discount to the net asset value when the correlation becomes decoupled.

Will SEC approve spot bitcoin ETF? ›

CoinShares said the decision is a direct result of the SEC's approval for spot bitcoin ETF listings.

What time will the SEC approve the bitcoin ETF? ›

WASHINGTON/NEW YORK, Jan 10 (Reuters) - The U.S. securities regulator on Wednesday approved the first U.S.-listed exchange traded funds (ETFs) to track bitcoin, in a watershed for the world's largest cryptocurrency and the broader crypto industry.

Are bitcoin ETFs a good buy? ›

Of course, the existence of a cheaper and easier way to trade Bitcoin doesn't make the digital coin a buy, only cheaper and easier to do so. So Bitcoin ETFs are a good way for traders to play Bitcoin if that's already their intent, especially if it helps them avoid dubious crypto exchanges.

Will bitcoin ETF increase the price of bitcoin? ›

A spot bitcoin ETF does not directly affect the price of bitcoins, but it can indirectly affect their price in several ways: Increased adoption: A spot bitcoin ETF will likely attract significant investment inflows from mainstream investors who want exposure to bitcoins within their brokerage accounts.

Which bitcoin ETF is best? ›

7 Best Cryptocurrency ETFs to Buy
ETFExpense ratio
Grayscale Bitcoin Trust ETF (GBTC)1.50%
VanEck Ethereum Strategy ETF (EFUT)0.66%
Global X Blockchain ETF (BKCH)0.50%
Amplify Transformational Data Sharing ETF (BLOK)0.76%
3 more rows
Apr 30, 2024

Are bitcoin ETFs FDIC insured? ›

FDIC and SIPC Do Not Cover Crypto Exchange Accounts. There is a fundamental disconnect between the rights that users thought they had and what they have. Some crypto investors thought their crypto accounts would work similarly to a traditional bank account, with Federal Deposit Insurance Corp.

What is the bitcoin ETF that actually holds bitcoin? ›

Ranking the Largest Bitcoin ETFs in the U.S.
ETF NameTickerAUM
Fidelity Wise Origin Bitcoin FundFBTC$4.7B
ARK 21Shares Bitcoin ETFARKB$1.6B
Bitwise Bitcoin ETF TrustBITB$1.2B
Invesco Galaxy Bitcoin ETFBTCO$314M
4 more rows
Mar 11, 2024

Who is buying bitcoin ETFs? ›

Bitwise chief investment officer Matt Hougan expects even more demand for the spot bitcoin ETFs as larger U.S. wirehouses begin participating. He said that the current demand has been largely coming from retail investors, hedge funds and independent financial advisors.

How high will bitcoin go after ETF approval? ›

Cryptocurrency bulls say bitcoin could surge to more than $100,000 this year after the U.S. Securities and Exchange Commission made a pivotal step to approve the first-ever U.S. spot bitcoin exchange-traded fund.

Is bitcoin an ETF future? ›

Bitcoin futures ETFs are exchange-traded funds that aim to offer exposure to the price movements of Bitcoin. The ETFs use futures contracts to achieve this goal. Fund managers purchase these contracts and bundle them into a fund.

What happens if ETF collapses? ›

Liquidation of ETFs is strictly regulated; when an ETF closes, any remaining shareholders will receive a payout based on what they had invested in the ETF. Receiving an ETF payout can be a taxable event.

Is BITO approved by SEC? ›

In 2021, cryptocurrency traders scored a win when the SEC approved the ProShares Bitcoin Strategy ETF (BITO) – the first crypto ETF on the market that was not tied to stocks.

What is the first SEC approved bitcoin ETF? ›

The U.S. Securities and Exchange Commission on Wednesday approved the first U.S. spot bitcoin exchange-traded funds. But experts urge caution before piling into the long-awaited ETFs. The agency signed off on 11 bitcoin ETF applications, including funds from BlackRock , Fidelity, Ark Invest, WisdomTree and Grayscale.

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