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Dogecoin ETF Decision Delayed To November: What's Happening?

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The US SEC has announced that it will push its decision on the Bitwise Dogecoin ETF and the Grayscale Hedera ETF till November 12 of this year. Bitwise initially filed its S1 application in January, later making amendments in June. The amendments included in-kind creation and redemption Features in the proposal. While Bitwise’s DOGE ETF may be delayed, a Bloomberg analyst says another DOGE ETF may be making its debut later this week. Let’s discuss. Rex-Osprey Dogecoin ETF To Launch On Thursday? Source: Marketforces Africa According to Bloomberg ETF analyst Eric Balchunas, Rex-Osprey’s Dogecoin ETF, DOJE, is slated for a Thursday launch. Balchunas stated that he is “ Pretty sure this is [the] first-ever US ETF to hold something that has no utility on purpose. “ Meme coin ETF era about to kick off it looks like with $DOJE slated for a Thursday launch, albeit under the 40 Act a la $SSK. There's a big group of '33 Act-ers waiting for SEC approval still. Pretty...

Is China’s Bitcoin mining ban the worst decision this century?

Though the process has been ongoing for a relatively long time – and even the most outspoken opponents of the crypto market have been getting involved, including during the ‘crypto winter’ – 2024 has been the year of institutional cryptocurrency adoption. The trend has been most evident and extensive with regard to Bitcoin (BTC), particularly since the approval of the U.S.’ first-ever spot BTC exchange-traded funds (ETFs). Indeed, these financial instruments have seen significant institutional interest in recent months, with investors of all stripes joining the action. Picks for you Biden campaign in panic mode as Trump accepts crypto donations 44 mins ago How rich is the Senate Minority Leader; Mitch McConnell's net worth ...

SEC defers decision on several ETH ETFs to May 2024

The United States Securities and Exchange Commission (SEC) has postponed its decision on several Ethereum-based exchange-traded funds (ETFs) until May 2024. This announcement came through regulatory filings made on Dec. 18. Among the delayed decisions are those concerning the Hashdex Nasdaq Ethereum ETF, the Grayscale Ethereum Futures ETF, the VanEck spot Ethereum ETF, and a spot Ethereum ETF proposed by Cathie Wood’s ARK Invest and 21Shares. UPDATE: SEC Going early with delay orders for @hashdex & @Grayscale #Ethereum ETF filings. Neither were due until Jan 1, 2024. Maybe just clearing the queue before the holidays? pic.twitter.com/LdZQxGh43L — James Seyffart (@JSeyff) December 18, 2023 The Hashdex Ether ETF is unique in its approach, aiming to incorporate both spot Ether and futures contracts. Meanwhile, Grayscale’s Ethereum Futures ETF is perceived as a strategic move to eventually convert its Ethereum Trust into a spot Ethereum ETF, a view that has gaine...