News Formal

CoinTelegraph 'tweet hoax' shows spot ETF is the 'only one game' in crypto market: QCP

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 53%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

JPMorgan analysts anticipate approval for multiple such products 'within months,' but QCP does not foresee SEC approval for any ETF applications this year.

The CoinTelegraph tweet that falsely indicated US regulators approved a spot exchange-traded fund tied to bitcoin shows the extent to which the launch of such a product is driving activity in the market, trading firm QCP noted in a recent update to counterparties.

BlackRock's application, submitted in June, came as a surprise and added to the list of firms aspiring to launch a similar product. The SEC has been reluctant to approve spot ETFs, expressing concerns about market manipulation in the underlying spot exchanges.Still, a spot ETF tied to bitcoin could soon be a reality, with JPMorgan analysts expecting approval of multiple products "within months.

The firm stated, "Monday's Cointelegraph Spot ETF tweet hoax proves that there's currently only one focal point in the crypto world - the BTC spot ETF." In contrast to JPMorgan, QCP does not anticipate "actual SEC approval for any application or conversion to take place this year."

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 464. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

BlackRock Says Bitcoin Market Is Unregulated, Lacks Transparency In New ETF FilingCrypto Blog
Источник: Crypto_Potato - 🏆 568. / 51 Прочитайте больше »