SECandETF
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$BTC UPDATE
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đđ #Bitcoin crashed more than 17% after the SEC approved a Bitcoin ETF
#SECandETF #SECApprovalJourney #BitcoinETFapproved
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đđ #Bitcoin crashed more than 17% after the SEC approved a Bitcoin ETF
#SECandETF #SECApprovalJourney #BitcoinETFapproved
The SEC dropping its investigation into whether Ether is a security is a positive development for the Ethereum network .
However, the fight over regulation of the cryptocurrency industry is far from over, and the recent development does not necessarily mean that Ether is a commodity .
The industry still needs a clear regulatory framework, and the SEC is still scrutinizing other aspects of the Ethereum ecosystem, such as staking .
$ETH #SECandETF #secvseth #Write2Earn!
However, the fight over regulation of the cryptocurrency industry is far from over, and the recent development does not necessarily mean that Ether is a commodity .
The industry still needs a clear regulatory framework, and the SEC is still scrutinizing other aspects of the Ethereum ecosystem, such as staking .
$ETH #SECandETF #secvseth #Write2Earn!
đ Breaking: SEC vs. Coinbase Update - Judge Failla Challenges SECâs Case! đď¸đź
In a courtroom showdown on January 17, the battle between the US Securities and Exchange Commission (SEC) and Coinbase reached a pivotal moment. Coinbase's argument that its traded tokens shouldn't be deemed securities took center stage, and the judge's reactions signal potential shifts in the crypto regulatory landscape. đ
Key Highlights from the Hearing:
Judge Failla Leans Towards Coinbase:
đ¤ Judge Failla showed favorable inclinations towards Coinbase, expressing keen interest in the case.đ Commended the decentralized finance (DeFi) community's amicus brief, contrasting it favorably with the SECâs stance.
Howey Test and Token Classification:
đ§ Judge Failla questioned the SEC's handling of the Howey test, a pivotal element in defining securities.đ¤ SEC lawyer referred to tokens as "computer code," sparking skepticism from the judge about the SEC's position.
Risks of Staking and Broad SEC Definitions:
âď¸ Discussed risks associated with staking on Coinbase, comparing them to traditional banks.𤨠Judge Failla expressed concerns about the SEC's broad definition of securities and its potential impact on purchasers.
Collectibles and Strict Liability Argument:
đ¤ Judge Failla expressed caution about implicating commodities or non-security assets.𤯠Ridiculed SEC's use of "strict liability," demanding precise explanations on how Coinbase should have known about unregistered securities.
Judge Failla's Skepticism and Retail Investor Concerns:
đ§ Expressed skepticism about SEC's claims and potential implications on retail investors.đ¤ Questioned if purchasers would have the right of rescission if tokens were deemed securities.
đ¨ Stay Informed, Stay Engaged! Follow The Blockopedia for Crypto Regulatory Insights! đđ°
#SECandETF #CoinbaseShares #MANTA #cryptocurrency #crypto2024
In a courtroom showdown on January 17, the battle between the US Securities and Exchange Commission (SEC) and Coinbase reached a pivotal moment. Coinbase's argument that its traded tokens shouldn't be deemed securities took center stage, and the judge's reactions signal potential shifts in the crypto regulatory landscape. đ
Key Highlights from the Hearing:
Judge Failla Leans Towards Coinbase:
đ¤ Judge Failla showed favorable inclinations towards Coinbase, expressing keen interest in the case.đ Commended the decentralized finance (DeFi) community's amicus brief, contrasting it favorably with the SECâs stance.
Howey Test and Token Classification:
đ§ Judge Failla questioned the SEC's handling of the Howey test, a pivotal element in defining securities.đ¤ SEC lawyer referred to tokens as "computer code," sparking skepticism from the judge about the SEC's position.
Risks of Staking and Broad SEC Definitions:
âď¸ Discussed risks associated with staking on Coinbase, comparing them to traditional banks.𤨠Judge Failla expressed concerns about the SEC's broad definition of securities and its potential impact on purchasers.
Collectibles and Strict Liability Argument:
đ¤ Judge Failla expressed caution about implicating commodities or non-security assets.𤯠Ridiculed SEC's use of "strict liability," demanding precise explanations on how Coinbase should have known about unregistered securities.
Judge Failla's Skepticism and Retail Investor Concerns:
đ§ Expressed skepticism about SEC's claims and potential implications on retail investors.đ¤ Questioned if purchasers would have the right of rescission if tokens were deemed securities.
đ¨ Stay Informed, Stay Engaged! Follow The Blockopedia for Crypto Regulatory Insights! đđ°
#SECandETF #CoinbaseShares #MANTA #cryptocurrency #crypto2024
đ° $1.4B Inflows Into Spot Bitcoin ETF After First Two Trading Sessionsđđ
In a remarkable debut, Spot Bitcoin exchange-traded funds (ETFs) launched last Thursday, and the response has been nothing short of extraordinary! đđĄ Within just two trading sessions, these ETFs have attracted a whopping $1.4 billion in total inflows, signaling a strong endorsement from investors.
đ Key Highlights:
đ Rapid Adoption and Trading Frenzy:
Total inflows into Spot Bitcoin ETFs hit $1.4 billion, with an impressive 500,000 trades in the first two days.
Trading volumes soared to around $3.6 billion, underscoring the robust demand and enthusiasm in the market.
đ Grayscale's Shift and Net Inflows:
Grayscale's ETF, the Grayscale Bitcoin Trust (GBTC), saw an outflow of $579 million during the period.
Adjusting for GBTC outflows, the net total inflows across all spot Bitcoin ETFs amounted to a substantial $819 million.
đ Reasons Behind GBTC Outflows:
GBTC outflows are linked to holders converting their shares after the U.S. SEC's approval of the ETF through a ruling change.
Some GBTC holders are switching to lower-fee options offered by other fund managers, such as BlackRock charging 0.25% compared to Grayscale's 1.50%.
đŚ Top Performers Among Spot Bitcoin ETFs:
BlackRock's iShares Bitcoin Trust led the pack with $497.7 million in total flows.
Fidelity Advantage Bitcoin ETF followed closely with $422.3 million, and Bitwise secured $237.9 million.
As Spot Bitcoin ETFs reshape the crypto landscape, it's crucial to stay informed! For the latest updates and insights, follow The Blockopedia.
#ETFApproved #ETFsApproval #SECandETF #Cryptocurrency #crypto2024
In a remarkable debut, Spot Bitcoin exchange-traded funds (ETFs) launched last Thursday, and the response has been nothing short of extraordinary! đđĄ Within just two trading sessions, these ETFs have attracted a whopping $1.4 billion in total inflows, signaling a strong endorsement from investors.
đ Key Highlights:
đ Rapid Adoption and Trading Frenzy:
Total inflows into Spot Bitcoin ETFs hit $1.4 billion, with an impressive 500,000 trades in the first two days.
Trading volumes soared to around $3.6 billion, underscoring the robust demand and enthusiasm in the market.
đ Grayscale's Shift and Net Inflows:
Grayscale's ETF, the Grayscale Bitcoin Trust (GBTC), saw an outflow of $579 million during the period.
Adjusting for GBTC outflows, the net total inflows across all spot Bitcoin ETFs amounted to a substantial $819 million.
đ Reasons Behind GBTC Outflows:
GBTC outflows are linked to holders converting their shares after the U.S. SEC's approval of the ETF through a ruling change.
Some GBTC holders are switching to lower-fee options offered by other fund managers, such as BlackRock charging 0.25% compared to Grayscale's 1.50%.
đŚ Top Performers Among Spot Bitcoin ETFs:
BlackRock's iShares Bitcoin Trust led the pack with $497.7 million in total flows.
Fidelity Advantage Bitcoin ETF followed closely with $422.3 million, and Bitwise secured $237.9 million.
As Spot Bitcoin ETFs reshape the crypto landscape, it's crucial to stay informed! For the latest updates and insights, follow The Blockopedia.
#ETFApproved #ETFsApproval #SECandETF #Cryptocurrency #crypto2024
