{"id":26551,"date":"2023-08-07T20:15:22","date_gmt":"2023-08-07T20:15:22","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/08\/07\/us-sec-may-approve-many-bitcoin-etfs-at-once\/"},"modified":"2023-08-07T20:15:22","modified_gmt":"2023-08-07T20:15:22","slug":"us-sec-may-approve-many-bitcoin-etfs-at-once","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/08\/07\/us-sec-may-approve-many-bitcoin-etfs-at-once\/","title":{"rendered":"US SEC May Approve Many Bitcoin ETFs At Once"},"content":{"rendered":"

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Crypto News<\/strong>: Cathie Wood, the favored investor and the founding father of ARK Invest, on Monday mentioned she doesn’t anticipate the U.S. Securities and Exchange Commission (SEC) to ship a call on the corporate\u2019s spot Bitcoin ETF submitting inside the subsequent deadline, which falls on Sunday, August 13, 2023. However, she doesn’t imagine the company would view the ETF filings individually. In the current months, the crypto market<\/a> was largely pushed in direction of the bullish path due to the information across the spot ETF filings from the likes of Blackrock, Valkyrie, Wisdom Tree and Fidelity.<\/p>\n

Also Read: Terra Luna Classic Proposals To Burn 800 Million Tokens Officially Passed, USTC & LUNC To $1?<\/strong><\/a><\/p>\n

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Earlier, CoinGape reported<\/a> the upcoming necessary dates across the spot ETF filings. In the primary week of September 2023, a number of ETF associated deadlines are lined up for the US SEC, together with across the Blackrock submitting.<\/p>\n

Cathie Wood: All Bitcoin ETF Approvals At Once?<\/h2>\n

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Speaking to Bloomberg on Monday, Cathie Wood predicted<\/a> that the federal regulatory company could doubtless take a call on the spot Bitcoin ETFs all of sudden. When requested about whether or not the Ark Invest ETF submitting will get the primary mover benefit over the Blackrock utility, Wood mentioned the US SEC could doubtless have a look at many purposes without delay.<\/p>\n

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\u201cThe August 13 (deadline) will come and go. I think the SEC, if it is going to approve a Bitcoin ETF, will approve more than one at once. Most of these (ETF filings), essentially will be the same, and it will come down to marketing, and communicating the message.\u201d<\/p>\n

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The approval of a Bitcoin ETF may doubtless imply a drastic change in public notion concerning the crypto ecosystem, with the ETFs making it simpler to realize publicity to Bitcoin.<\/p>\n

Also Read: \u201cWe Must Finish The Job\u201d: US Cong\u2019s Patrick McHenry On PayPal Stablecoin<\/strong><\/a><\/p>\n

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Anvesh stories main crypto updates round regulation, lawsuits and buying and selling tendencies. Published round 1,000 articles and relying on crypto and net 3.0. He is presently primarily based in Hyderabad, India. Reach out to him at anvesh@coingape.com or twitter.com\/BitcoinReddy <\/p>\n<\/p><\/div>\n

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