{"id":74999,"date":"2023-09-01T00:20:07","date_gmt":"2023-09-01T00:20:07","guid":{"rendered":"https:\/\/kryptodata.se\/sec-delays-spot-etf-decisions-result-in-grayscale-gains-being-erased-by-bitcoin-traders\/"},"modified":"2023-09-01T00:20:07","modified_gmt":"2023-09-01T00:20:07","slug":"sec-delays-spot-etf-decisions-result-in-grayscale-gains-being-erased-by-bitcoin-traders","status":"publish","type":"post","link":"http:\/\/kryptodata.se\/sec-delays-spot-etf-decisions-result-in-grayscale-gains-being-erased-by-bitcoin-traders\/","title":{"rendered":"SEC Delays Spot ETF Decisions Result in Grayscale Gains Being Erased by Bitcoin Traders"},"content":{"rendered":"
– The price of BTC experienced a sharp rise and fall over the past three days due to two recent events related to pending applications for spot Bitcoin ETFs.<\/p>\n
– Bitcoin initially saw a surge in price after Grayscale Investment’s court victory against the SEC, but the recent delay in seven pending spot Bitcoin ETF applications caused the price to drop nearly 5% in the last 24 hours.<\/p>\n
– The SEC’s delay gives them another 45 days to approve, deny, or further delay the applications, with decision deadlines set between October and mid-March next year.<\/p>\n
– Bloomberg ETF analysts predict a 75% probability of the SEC approving a spot Bitcoin ETF this year, citing Grayscale’s court win as a factor that weakens the SEC’s arguments against approval.<\/p>\n","protected":false},"excerpt":{"rendered":"
<\/p>\n
The price of BTC rose sharply and fell almost as fast over the past three days amid two recent events impacting pending applications for spot Bitcoin ETFs.<\/p>\n","protected":false},"author":1,"featured_media":75000,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_oct_exclude_from_cache":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[15],"tags":[47],"class_list":["post-74999","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin"],"yoast_head":"\n