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According to Ernst & Young (EY) global blockchain leader Paul Brody, Spot Bitcoin ETF approval from the US Securities and Exchange Commission (SEC) could bring an influx of institutional investment interest to the sector. Indeed, Brody spoke to CNBC regarding the transformative reality that the industry could face following the arrival of the investment product. The increase in interest would be a stark contrast to the response of institutional trading within the industry this year. Specifically, Chainalysis reports that institution trading volume fell massively in April 2023. Specifically, the firm stated that the decline in transactions was more than $10 million following the collapse of Silicon Valley Bank and Silvergate. Source: CryptoDisrupt Also Read: Spot Bitcoin ETF Google Searches Spike as Industry Confidence Prevails Institutional Investment to Surge After Bitcoin ETF Approval? For much of this year, the crypto industry has closely observed the potential arr...

Intrigues Behind the Grayscale ETF Job Advert The proactive step from Grayscale is quite shocking to analysts and stakeholders in the digital currency ecosystem considering the complexities surrounding the subject its spot Bitcoin ETF conversion request which is yet to be approved in the United States. advertisement Riding on this delay, Grayscale itself is at the forefront of this complexity as we are almost at the tail end of its legal battle with the Securities and Exchange Commission (SEC) whom it sued last year for refusing its application to convert the Grayscale Bitcoin Trust (GBTC) product to a full-fledged Bitcoin ETF .  The SEC has handled numerous ETF applications in almost the same way. Still, with the recent turn of events bordering on the evolution of the broader industry, firms like Grayscale are now optimistic that a spot Bitcoin ETF approval is a matter of when not if. Industry expert s have always projected a win for Grayscale because o...

All attention is currently directed toward Bitcoin [BTC] exchange-traded funds [ETFs] and their interaction with the Securities and Exchange Commission [SEC]. Many are hopeful about the approval of the recent wave of Bitcoin ETF applications. While analysts maintain a 65% optimistic outlook regarding the approval of these funds, the aftermath could potentially invigorate the entire crypto landscape in the U.S. According to Eric Balchunas at Bloomberg, the U.S. has the potential to account for an overwhelming 99.5% of the worldwide trading volume in crypto -related ETFs. This case, however, hinges on the condition of an approved spot Bitcoin ETF . At present, the trading volume of crypto ETFs is dominated by North America, accounting for 97.7% of the total ratio. Also Read: Spot Bitcoin ETF Approval Odds at 65%: Bloomberg Source James Seyffart, another analyst, noted earlier that there are U.S. investments in Canadian ETFs. He hinted at the possibility of funds being brough...

Cathie Wood’s ARK Investment Management is speculated to be leading the competition for a bitcoin (BTC) exchange-traded fund (ETF), ahead of investment giant BlackRock, according to recent industry reports. Renowned bitcoin-supportive company, ARK Investment Management, helmed by the seasoned investor Cathie Wood, is purportedly leading the race for a bitcoin (BTC) exchange-traded fund (ETF), as per recent information. The established investment corporation, BlackRock, initiated an application for a BTC ETF in the middle of June, instigating an air of expectancy across the cryptocurrency domain. Despite conjecture that BlackRock could emerge as the inaugural issuer of a BTC ETF in the U.S. subject to authorization, a number of industry insiders and specialists question this prospect. JUST IN: Cathie Wood’s ARK Invest says it’s first in line to get potential approval for a spot #Bitcoin ETF, ahead of BlackRock – Bloomberg pic.twitter.com/zjneCeo6bB — Bitcoin Mag...