{"id":34151,"date":"2023-07-11T10:29:44","date_gmt":"2023-07-11T14:29:44","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/a-bitcoin-etf-might-be-inevitable-what-it-means-for-the-token\/"},"modified":"2023-07-11T10:29:46","modified_gmt":"2023-07-11T14:29:46","slug":"a-bitcoin-etf-might-be-inevitable-what-it-means-for-the-token","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=34151","title":{"rendered":"A Bitcoin ETF Might Be Inevitable. What It Means for the Token."},"content":{"rendered":"
\n
<\/p>\n
<\/p>\n
<\/div>\n<\/figure><\/div>\n

The fight to launch a
\n Bitcoin
\n exchange-traded fund has gone in fits and starts, but its approval may be inevitable. That would be a shot in the arm for the token market.<\/p>\n

Even as it has rejected every application so far, the Securities and Exchange Commission will ultimately sanction a Bitcoin ETF to preserve its own interests, wrote TD Cowen policy analyst Jaret Seiberg in a research note on Monday.<\/p>\n

\n

\u201cWe believe approval may be getting closer as industry addresses the SEC\u2019s concerns and the SEC looks to cement its authority over crypto,\u201d Seiberg wrote.<\/p>\n

The SEC declined to comment.<\/p>\n

A spot Bitcoin ETF would be a boon for the token market. For one, financial advisors would have a means of holding Bitcoin through a traditional finance firm with which they already have comfort, as opposed to having to navigate opening separate accounts with a crypto brokerage. An ETF could also signal to institutional investors that Bitcoin will be around for decades, making it more likely that they make an allocation to it.<\/p>\n

In recent weeks, the SEC has received a fresh round of applications for such a product.
\n BlackRock
\n (ticker: BLK) in mid-June applied to launch a fund. The application said Nasdaq and a crypto-trading platform\u2014later identified as
\n Coinbase
\n (COIN)\u2014had struck a surveillance agreement, directly addressing one of the SEC\u2019s main reasons for rejecting prior efforts. BlackRock\u2019s foray was soon followed by
\n Invesco
\n (IVZ),
\n WisdomTree
\n (WT), Fidelity, and other firms, many of which had applied before and been rejected.<\/p>\n

Bitcoin soared after BlackRock\u2019s application. Investors think the firm has an especially good shot at approval, given that it has only had an ETF rejected once in 576 applications.<\/p>\n

Now, the SEC may approve the launch of a Bitcoin ETF in part for political reasons, Seiberg wrote. SEC Chair Gary Gensler may be eager to approve a product to show Congress that he\u2019s not against digital assets per se but has real investor protection concerns about many crypto firms\u2019 practices. Bringing ETFs to market would also make it more difficult for Congress to later take away Gensler\u2019s authority over the industry, Seiberg said.<\/p>\n

\u201cGensler may want to cement his authority over what could be a robust Bitcoin ETF sector,\u201d Seiberg said.<\/p>\n

It could take months for an ETF to get approved. One of the earliest deadlines for the SEC to respond to the recent round of applications is in August, but that can be extended by the agency to December. Some of the applications, including the one by BlackRock, don\u2019t require a final response until next March.<\/p>\n

Separately, the agency in court is fighting an effort by the
\n Grayscale Bitcoin Trust
\n (GBTC) to convert to an ETF, and a decision in that case is expected by this fall. However, even if Grayscale wins, the agency could reject the application on other grounds.<\/p>\n

But whether it takes weeks or months, some analysts say the approval of a spot Bitcoin ETF is starting to look assured.<\/p>\n

Write to Joe Light at joe.light@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The fight to launch a Bitcoin exchange-traded fund has gone in fits and starts, but its approval may be inevitable. That would be a shot in the arm for the token market. Even as it has rejected every application so far, the Securities and Exchange Commission will ultimately sanction a Bitcoin ETF to preserve its […]<\/p>\n","protected":false},"author":1,"featured_media":34152,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-34151","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nA Bitcoin ETF Might Be Inevitable. What It Means for the Token. | iFintechWorld<\/title>\n<meta name=\"description\" content=\"The fight to launch a Bitcoin exchange-traded fund has gone in fits and starts, but its approval may be inevitable. That would be a shot in the arm for\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=34151\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Bitcoin ETF Might Be Inevitable. What It Means for the Token. | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"The fight to launch a Bitcoin exchange-traded fund has gone in fits and starts, but its approval may be inevitable. That would be a shot in the arm for\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=34151\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-11T14:29:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-11T14:29:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/07\/1689085785_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=34151#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=34151\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"A Bitcoin ETF Might Be Inevitable. What It Means for the Token.\",\"datePublished\":\"2023-07-11T14:29:44+00:00\",\"dateModified\":\"2023-07-11T14:29:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=34151\"},\"wordCount\":528,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Investing\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=34151#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=34151\",\"url\":\"https:\/\/ifintechworld.com\/?p=34151\",\"name\":\"A Bitcoin ETF Might Be Inevitable. What It Means for the Token. | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-07-11T14:29:44+00:00\",\"dateModified\":\"2023-07-11T14:29:46+00:00\",\"description\":\"The fight to launch a Bitcoin exchange-traded fund has gone in fits and starts, but its approval may be inevitable. That would be a shot in the arm for\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=34151#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=34151\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=34151#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"A Bitcoin ETF Might Be Inevitable. What It Means for the Token.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"A Bitcoin ETF Might Be Inevitable. What It Means for the Token. | iFintechWorld","description":"The fight to launch a Bitcoin exchange-traded fund has gone in fits and starts, but its approval may be inevitable. That would be a shot in the arm for","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=34151","og_locale":"en_US","og_type":"article","og_title":"A Bitcoin ETF Might Be Inevitable. What It Means for the Token. | iFintechWorld","og_description":"The fight to launch a Bitcoin exchange-traded fund has gone in fits and starts, but its approval may be inevitable. That would be a shot in the arm for","og_url":"https:\/\/ifintechworld.com\/?p=34151","og_site_name":"iFintechWorld","article_published_time":"2023-07-11T14:29:44+00:00","article_modified_time":"2023-07-11T14:29:46+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/07\/1689085785_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=34151#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=34151"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"A Bitcoin ETF Might Be Inevitable. What It Means for the Token.","datePublished":"2023-07-11T14:29:44+00:00","dateModified":"2023-07-11T14:29:46+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=34151"},"wordCount":528,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Investing"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=34151#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=34151","url":"https:\/\/ifintechworld.com\/?p=34151","name":"A Bitcoin ETF Might Be Inevitable. What It Means for the Token. | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-07-11T14:29:44+00:00","dateModified":"2023-07-11T14:29:46+00:00","description":"The fight to launch a Bitcoin exchange-traded fund has gone in fits and starts, but its approval may be inevitable. That would be a shot in the arm for","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=34151#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=34151"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=34151#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"A Bitcoin ETF Might Be Inevitable. What It Means for the Token."}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/34151","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34151"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/34151\/revisions"}],"predecessor-version":[{"id":34153,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/34151\/revisions\/34153"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/34152"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}