Marathon Digital CEO Fred Thiel is optimistic about the US Securities and Exchange Commission (SEC) approving a Bitcoin exchange-traded fund (ETF). Thiel stated that it is certain that if one project is approved, many others will be approved as well. The US SEC appears to be approving an Ethereum futures ETF, and if they do so, it will only increase the likelihood of approving a Bitcoin ETF. Personally, I am quite optimistic. I believe there is more than a 50% chance that the SEC will approve the bill. Currently, there are about six applications to launch a Bitcoin ETF that will directly track the Bitcoin price, rather than tracking futures contracts or other derivatives. This will make it easier for investors to access Bitcoin without having to purchase and store cryptocurrencies themselves.
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Marathon Digital CEO: The possibility of the SEC approving the spot Bitcoin ETF is greater than 50%
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Cointime June 29th News Express
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The US SEC has returned the S-1 form to the potential Ethereum ETF issuer with a few comments, asking it to fix the problem and resubmit.
The US Securities and Exchange Commission has returned the S-1 form to the potential Ethereum ETF issuer with some comments, asking them to address the issues and resubmit. Sources say that at least one more round of review is needed before these measures can take effect. The issuer has reportedly been asked to address these comments and resubmit before July 8th. Sources note that this will not be the final declaration after the form is returned, meaning that at least one more declaration is needed before the ETF can begin trading.
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