Market Analysis
First Application was 9 Years Ago Today, but a Spot BTC ETF is Nowhere in Sight
It's been almost a decade since the rejection of the first spot BTC ETF filing, and it still appears an approval is nowhere in sight.
BTC$62,523.00-3.24%
ETH$1,660.54-4.51%
USDT$0.9988-0.01%
USDC$0.9998+0.01%
XRP$1.10-3.55%
SOL$69.03-5.04%
TRX$0.33-0.41%
FIGR_HELOC$1.04+1.44%
HYPE$62.80-6.71%
DOGE$0.0789-5.27%
USDS$0.9996-0.01%
RAIN$0.0157+7.79%
LEO$9.54+0.17%
ZEC$418.73-6.89%
XLM$0.1933-6.56%
BTC$62,523.00-3.24%
ETH$1,660.54-4.51%
USDT$0.9988-0.01%
USDC$0.9998+0.01%
XRP$1.10-3.55%
SOL$69.03-5.04%
TRX$0.33-0.41%
FIGR_HELOC$1.04+1.44%
HYPE$62.80-6.71%
DOGE$0.0789-5.27%
USDS$0.9996-0.01%
RAIN$0.0157+7.79%
LEO$9.54+0.17%
ZEC$418.73-6.89%
XLM$0.1933-6.56%
AXS Investments launched the first leveraged single-stock ETFs Thursday, but the products attracted criticism from the SEC, citing "particular" risks.
It's been almost a decade since the rejection of the first spot BTC ETF filing, and it still appears an approval is nowhere in sight.
Politicians in the US continue to throw their weight behind crypto assets, with calls for regulatory approval.
ETFs may give retail traders the chance to buy Bitcoin at a discount if they push price downwards.