{"id":145348,"date":"2023-09-01T14:29:54","date_gmt":"2023-09-01T08:59:54","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=145348"},"modified":"2023-09-01T14:29:54","modified_gmt":"2023-09-01T08:59:54","slug":"bitwise-urges-sec-to-green-light-all-btc-spot-etfs-as-deadline-looms-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitwise-urges-sec-to-green-light-all-btc-spot-etfs-as-deadline-looms-crypto-news\/","title":{"rendered":"Bitwise Urges SEC to Green-light All BTC Spot ETFs as Deadline Looms – Crypto News"},"content":{"rendered":"

<\/p>\n

\n

Amid rising expectations and heightened speculation, Bitwise\u2019s chief investment officer, Matt Hougan, has made a case for the U.S. Securities and Exchange Commission (SEC) to approve all awaiting spot Bitcoin ETF applications simultaneously, per a recent Bloomberg <\/span>report<\/span><\/a>. This recommendation arrives on the eve of a crucial decision week for the asset management company, as their application awaits the SEC\u2019s nod.<\/span><\/p>\n

According to <\/span>Matt Hougan<\/span>, allowing the launch of multiple ETFs concurrently would be the most beneficial outcome for investors. Citing historical evidence, he highlighted the SEC\u2019s varied approaches to ETFs in the past and stated the unpredictability of their current stance. Hougan, speaking on Bloomberg Television, emphasized that approving several ETFs simultaneously could be in market participants\u2019 best interest.<\/span><\/p>\n

<\/p>\n

Conspiracy Theories Surrounding BlackRock\u2019s Move<\/b><\/h2>\n

BlackRock\u2019s unexpected decision to <\/span>file<\/span><\/a> for a Bitcoin ETF in June, considered by many as a non-ideal time given regulatory uncertainties, has raised eyebrows. Speculations abound, with some, like Ric Edelman, founder of the Digital Assets Council of Financial Professionals, <\/span>musing<\/span> about possible \u201cback-room\u201d conversations between the SEC and BlackRock. Gary Gensler, the SEC Chair, who has faced criticism for his views on cryptocurrency, is also thought by some to have given BlackRock hints about a potential positive reception.<\/span><\/p>\n

However, dismissing these speculations, Hougan voiced his confidence in the SEC\u2019s impartiality. He mentioned;<\/span><\/p>\n

<\/p>\n

\u201cI think the SEC acts fairly and honorably in these situations, and I don\u2019t think they\u2019re making those sorts of political judgments.\u201d<\/span><\/p>\n

<\/p>\n

Gary Gensler\u2019s Date with Congress<\/b><\/h2>\n

The coming month is shaping up to be a pivotal period for the SEC and Gary Gensler, with the latter scheduled to testify before two US Congress committees. While crypto might not be the sole agenda, it will likely dominate discussions given recent developments such as the XRP lawsuit and Grayscale\u2019s Bitcoin ETF lawsuit victory.\u00a0<\/span><\/p>\n

\n

\ud83d\udea8SCOOP: SEC Chairman @GaryGensler<\/a> has agreed to testify before @BankingGOP<\/a>\/@SenateBanking<\/a> on Tuesday September 12th and before @FinancialCmte<\/a>\/@FSCDems<\/a> on Wednesday September 27th.<\/p>\n

\u2014 Eleanor Terrett (@EleanorTerrett) August 30, 2023<\/a><\/p>\n<\/blockquote>\n

Gensler\u2019s approach to spotting Bitcoin ETF filings from major players like Blackrock, Ark Invest, and Fidelity is also bound to be under the microscope. <\/span>With the deadline drawing near, all eyes are on the SEC. Whether it takes the route suggested by Bitwise remains to be seen, but the outcome will surely set the tone for the future of cryptocurrency ETFs in the U.S.<\/span><\/p>\n

<\/p>\n

<!– <\/p>\n

\n
\n
\n
\n

<\/p>\n

\"\"<\/div>\n
Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n

\n
\n

<\/p>\n

\"\"\"\"<\/div>\n
Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p>\n

\n
\n
\n
\n
\n<!–<\/p>\n
<\/div>\n

–><\/p>\n

\n

Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency space for 2 years now. Previously he co-founded Govt. of India supported startup InThinks and is currently Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has published more than 100 articles on cryptocurrency and blockchain and has assisted a number of ICO’s in their success. He has co-designed blockchain development industrial training and has hosted many interviews in past. Follow him on Twitter at @sharmasunil8114<\/a> and reach out to him at sunil (at) coingape.com <\/p><\/div>\n<\/p><\/div>\n

\n \"\"\"\" <\/div>\n<\/p><\/div>\n<\/p><\/div>\n
\n

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

<!– <\/p>\n

\n
\n Crypto Stories<\/span><\/p>\n

View all<\/a>\n <\/div>\n

\n
\n
\n
\n <\/p>\n
\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\"\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\"<\/div>\n
Twitter is now worth just 33% of Elon Musk\u2019s purchase price <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"will_cramer_curse_strike_again_720\"\"will_cramer_curse_strike_again_720\"<\/div>\n
Will Cramer Curse Strike Again? <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"mercedes_benz_to_release_nft_collection_with_fingerprints_dao_720\"\"mercedes_benz_to_release_nft_collection_with_fingerprints_dao_720\"<\/div>\n
Mercedes Benz To Release NFT Collection With Fingerprints DAO <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Amid rising expectations and heightened speculation, Bitwise\u2019s chief investment officer, Matt Hougan, has made a case for the U.S. Securities and Exchange Commission (SEC) to approve all awaiting spot Bitcoin ETF applications simultaneously, per a recent Bloomberg report. This recommendation arrives on the eve of a crucial decision week for the asset management company, as […]<\/p>\n","protected":false},"author":2,"featured_media":145349,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-145348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/145348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=145348"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/145348\/revisions"}],"predecessor-version":[{"id":145700,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/145348\/revisions\/145700"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/145349"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=145348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=145348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=145348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}