{"id":176735,"date":"2023-10-18T23:16:16","date_gmt":"2023-10-18T17:46:16","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=176735"},"modified":"2023-10-18T23:16:16","modified_gmt":"2023-10-18T17:46:16","slug":"grayscales-craig-salm-foresees-spot-bitcoin-etfs-arrival-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/grayscales-craig-salm-foresees-spot-bitcoin-etfs-arrival-crypto-news\/","title":{"rendered":"Grayscale’s Craig Salm Foresees Spot Bitcoin ETF’s Arrival – Crypto News"},"content":{"rendered":"

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Craig Salm, <\/span>Grayscale<\/span><\/a> Investments\u2019 chief legal officer, recently expressed confidence in the future arrival of a spot bitcoin exchange-traded fund (ETF). His comments on SiriusXM radio followed the Securities and Exchange Commission\u2019s (SEC) decision not to contest a court\u2019s directive. The court had mandated the SEC to re-evaluate Grayscale\u2019s application for transforming its prime GBTC fund into a spot bitcoin ETF. This decision marks significant progress, though it doesn\u2019t guarantee immediate approval.<\/span><\/p>\n

Moreover, Salm disclosed Grayscale\u2019s active engagement in Washington. The focus is on two pivotal crypto regulatory bills. One targets stablecoin regulation, while the other offers a broader crypto framework. Both have successfully moved through the House Financial Services Committee, awaiting further deliberation. However, their fate in the Senate remains unclear.<\/span><\/p>\n

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Bitcoin ETF Rumors Spark Market Surge<\/strong><\/h2>\n

Bitcoin\u2019s market recently experienced turmoil due to misinformation. <\/span>Rumors claimed <\/span><\/a>the SEC had greenlit a spot bitcoin ETF, causing a surge towards $30,000. However, these claims were false, and the value stabilized near $28,000. This incident underscores the market\u2019s sensitivity to regulatory developments.<\/span><\/p>\n

Notably, Ark Invest CEO Cathie Wood had<\/span> previously forecasted positive <\/span><\/a>outcomes concerning the SEC\u2019s stance on Bitcoin ETFs. These projections, coupled with current legislative movements, highlight the sector\u2019s growing mainstream acceptance.<\/span><\/p>\n

SEC\u2019s Non-Appeal Leaves ETF Uncertain<\/strong><\/h2>\n

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Despite high hopes, several procedural strides must precede the launch of a spot Bitcoin ETF. The SEC\u2019s decision against an appeal isn\u2019t synonymous with approval. Consequently, while the atmosphere hints at forthcoming changes, anticipation should be tempered with realism.<\/span><\/p>\n

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Additionally, the crypto community is eyeing the legislative process closely. The advancement of related bills suggests increasing governmental acknowledgment of digital currencies. This recognition could significantly shape the landscape of crypto investments.<\/span><\/p>\n

Read Also:<\/b> Mike Novogratz Says SEC To Approve Spot Bitcoin ETF This Year<\/span><\/a><\/p>\n

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Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. I write extensively on topics such as blockchain, cryptocurrency, tokens, and more for many publications. My goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good. <\/p>\n<\/p><\/div>\n

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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

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Craig Salm, Grayscale Investments\u2019 chief legal officer, recently expressed confidence in the future arrival of a spot bitcoin exchange-traded fund (ETF). His comments on SiriusXM radio followed the Securities and Exchange Commission\u2019s (SEC) decision not to contest a court\u2019s directive. The court had mandated the SEC to re-evaluate Grayscale\u2019s application for transforming its prime GBTC […]<\/p>\n","protected":false},"author":2,"featured_media":176736,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-176735","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176735","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=176735"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176735\/revisions"}],"predecessor-version":[{"id":176738,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176735\/revisions\/176738"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/176736"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=176735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=176735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=176735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}