Bitcoin
Bitcoin (BTC)
$58,242.00 1.01051
Bitcoin price
Ethereum
Ethereum (ETH)
$3,137.32 0.22097
Ethereum price
BNB
BNB (BNB)
$533.07 0.89779
BNB price
Solana
Solana (SOL)
$138.96 0.0119
Solana price
XRP
XRP (XRP)
$0.4621340 4.40463
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000165 0.23834
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000089 -3.50724
Pepe price
Bonk
Bonk (BONK)
$0.0000229 -8.05177
Bonk price
Bitcoin
Bitcoin (BTC)
$58,242.00 1.01051
Bitcoin price
Ethereum
Ethereum (ETH)
$3,137.32 0.22097
Ethereum price
BNB
BNB (BNB)
$533.07 0.89779
BNB price
Solana
Solana (SOL)
$138.96 0.0119
Solana price
XRP
XRP (XRP)
$0.4621340 4.40463
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000165 0.23834
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000089 -3.50724
Pepe price
Bonk
Bonk (BONK)
$0.0000229 -8.05177
Bonk price
Bitcoin
Bitcoin (BTC)
$58,242.00 1.01051
Bitcoin price
Ethereum
Ethereum (ETH)
$3,137.32 0.22097
Ethereum price
BNB
BNB (BNB)
$533.07 0.89779
BNB price
Solana
Solana (SOL)
$138.96 0.0119
Solana price
XRP
XRP (XRP)
$0.4621340 4.40463
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000165 0.23834
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000089 -3.50724
Pepe price
Bonk
Bonk (BONK)
$0.0000229 -8.05177
Bonk price
Bitcoin
Bitcoin (BTC)
$58,242.00 1.01051
Bitcoin price
Ethereum
Ethereum (ETH)
$3,137.32 0.22097
Ethereum price
BNB
BNB (BNB)
$533.07 0.89779
BNB price
Solana
Solana (SOL)
$138.96 0.0119
Solana price
XRP
XRP (XRP)
$0.4621340 4.40463
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000165 0.23834
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000089 -3.50724
Pepe price
Bonk
Bonk (BONK)
$0.0000229 -8.05177
Bonk price

Former BlackRock executives: SEC has no choice but to approve Bitcoin ETFs

former-blackrock-executives-sec-has-no-choice-but-to-approve-bitcoin-etfs
Edited by
News
Former BlackRock executives: SEC has no choice but to approve Bitcoin ETFs

Stephen Schoenfield and Martin Bednall, former senior executives at BlackRock, are optimistic that the Securities and Exchange Commission (SEC) has “no choice” but to approve multiple Bitcoin exchange-traded funds (ETFs) within the next 3-6 months. 

Despite initial predictions, Schoenfield changed his timeline due to the commission’s decision to request comments on applications instead of rejecting them outright.

The Grayscale lawsuit victory also suggests that the SEC may have to allow the Grayscale Bitcoin Trust to be converted into an ETF.

Shenfield believes that all applications will be approved at once, similar to the case with Ethereum futures ETFs, to prevent market monopolization by large participants. 

However, Bednall disagrees and claims that “six to nine” large investment firms are committed to the crypto asset market, some of which have more efficient infrastructures offering new directions. 

BlackRock, despite being favored by Shenfield, may face tough competition.

Both experts are confident that the approval of spot Bitcoin ETFs will attract $150 billion to $200 billion into the segment, as confirmed by the CoinShares report

Analysts report a net inflow of funds into crypto funds from Sep. 25 to Oct. 1, indicating a positive market trend.