As many expect SEC approval of a spot Bitcoin exchange-traded product to be incoming, the commission’s chair warned crypto investments can be “exceptionally risky” and “volatile.”
Spot Bitcoin ETF issuers have filed amended Form S-1s with the SEC asking for the regulator’s permission to launch the funds, which has been touted as the signal that approval could follow.
The Blockchain Basics Act would allow individuals to host blockchain nodes and conduct crypto mining operations in residential properties without any license requirements, among other benefits.
Crypto watchers wait with bated breath for hopeful spot Bitcoin ETF issuers to file final Form S-1 updates today, with many analysts and observers predicting final SEC approvals by Jan. 9 or 10.
Social media users have pointed out that the regulator’s “no go to FOMO” warning comes amid heightened anticipation over spot Bitcoin ETF approvals.
Próspera’s tax commissioner, Jorge Colindres, said the development would expand the financial and monetary freedom for individuals in the area.
BlackRock is reportedly set to break the news to 600 employees in the coming days amid hopes for the approval of its spot Bitcoin ETF application.
The lawsuit by authors Nicholas Basbanes and Nicholas Gage follows the acknowledgment by OpenAI in its lawsuit with The New York Times that copyright owners, including the plaintiffs, should be compensated for the use of their work.
Bloomberg ETF analyst James Seyffart disagreed with the letter, arguing that denying the spot Bitcoin ETF would be a “criminal move.”
As the week draws to a close, 11 spot Bitcoin ETF applicants have submitted 19b-4 amendment forms, with the deadline for the U.S. SEC to approve or deny the product just days away.