• Index
  • Resources
  • NewNewest
  • +Submit
    • Submit New...
    • Index
    • Resource
    +
  • Interchain info © 2025

  • All
  • Index
  • Resources

Interchain Info

Support ICI

Premium Services
Send feedback
Stake with our Partner

Social

Twitter
Discord
Telegram

Links

Terms of Service
Privacy Policy
Documentation

Spark Family

Spark IBC
Airdrops

Interchain info © 2025

The SEC’s ETF Dilemma: Bitcoin’s Rollercoaster Ride

The SEC’s ETF Dilemma: Bitcoin’s Rollercoaster Ride

BY ICISept 1 · 2 min read

The SEC’s Delay: A Cold Shower for Investors

The U.S. Securities and Exchange Commission (SEC) has once again delayed its decision on approving Bitcoin ETFs, including one from BlackRock, the world’s largest asset manager. This move has led to a 5% drop in Bitcoin’s price, unwinding most of the gains it had made after a Washington court ruled in favor of Grayscale’s Bitcoin Trust becoming an ETF. The SEC has been under pressure to change its decade-long policy of refusing ETFs based on Bitcoin, especially after the court ruling. The regulator now has 45 days to decide its next steps, which are expected to be announced in mid-October.

The Misleading Pump: A Tale of Miscommunication

A couple of days ago, Bitcoin saw a temporary price pump due to some misleading reporting and misunderstandings within the community. The price of Bitcoin had surged by 7% to nearly $28,000, and Coinbase, the largest publicly traded U.S. crypto exchange, jumped 15%. This was largely because of a court ruling that overruled an SEC decision denying Grayscale Investments permission to launch a Bitcoin-focused ETF. However, the euphoria was short-lived as the SEC’s recent delay brought the market back to reality.

The SEC’s Concerns: Market Manipulation and More

The SEC’s primary argument against approving a spot Bitcoin ETF has been the potential for market manipulation. Gary Gensler, chair of the SEC, has even described the crypto market as “rife with fraud, rife with hucksters.” Despite these concerns, the SEC has approved Bitcoin futures ETFs, which track the price of futures linked to the cryptocurrency. The regulator’s stance has been questioned by many, especially after the Washington court forced it to review its approach to Bitcoin ETFs.

The Stakeholders: From BlackRock to Coinbase

BlackRock, Fidelity, Invesco, and other traditional financial players have sought permission to launch their own Bitcoin funds. Coinbase’s involvement in the ETF filings further complicates the issue. The exchange has proposed surveillance-sharing agreements with regulated exchanges hosting the potential ETF listings. However, the SEC has previously sued Coinbase for allegedly violating U.S. securities laws, adding another layer of complexity to the approval process.

The Road Ahead: What’s Next?

The SEC is at a crossroads. It must decide whether to abide by the court’s decision, ask for a review, or make a direct appeal. Analysts like Mark Palmer from Berenberg Capital Markets believe the SEC might craft alternative arguments to continue rejecting spot Bitcoin ETF applications. However, the court’s ruling has put the SEC in a tight spot, challenging its long-standing arguments against these products.

In summary, the SEC’s delay in approving Bitcoin ETFs has sent ripples through the market, causing both surges and slumps in Bitcoin’s price. The regulator’s concerns about market manipulation remain a significant hurdle, but recent court rulings have put these arguments under scrutiny. With traditional financial giants and crypto exchanges like Coinbase entering the fray, the SEC’s upcoming decision will be a pivotal moment for Bitcoin and the broader crypto market.

CONTENTS

  • The SEC’s Delay: A Cold Shower for Investors
  • The Misleading Pump: A Tale of Miscommunication
  • The SEC’s Concerns: Market Manipulation and More
  • The Stakeholders: From BlackRock to Coinbase
  • The Road Ahead: What’s Next?

Related Bitcoin Resources

  • Nomic Introduces stBTC, a Bitcoin Liquid Staking Token powered by Babylon

    Nomic Introduces stBTC, a Bitcoin Liquid Staking Token powered by Babylon

    Nomic is introducing stBTC, a Bitcoin Liquid Staking Token powered by Babylon, a fellow Cosmos chain that provides a Bitcoin staking protocol. stBTC uses nBTC, staking the underlying BTC via Babylon to provide proof-of-stake security to other chains in exchange for altcoin rewards. As the two core Bitcoin projects in the Cosmos ecosystem, Nomic and […]

    April 10 · 5 min read
  • Kujira Investor Series Episode 1 – DCA Into Apex Assets Whilst Earning Yield

    Kujira Investor Series Episode 1 – DCA Into Apex Assets Whilst Earning Yield

    In today’s episode, I will introduce a strategy that lets you DCA out of your position linearly, earning consistent revenue while continuing to support the Kujira ecosystem.

    Nov 30 · 4 min read
  • What REALLY drives token prices | Plus: Celestia, Solana, Ordinals surge + institutions ape in

    What REALLY drives token prices | Plus: Celestia, Solana, Ordinals surge + institutions ape in

    11/20/23 Livestream from CosmosDefi, AKA Joe, on what really drive token prices in Web3.

    Nov 21 · video

Related legal & regulatory Resources

  • IOTA’s New Horizon: $100M UAE Expansion

    IOTA’s New Horizon: $100M UAE Expansion

    “IOTA expands in UAE with a $100M foundation, showcasing its innovative Tangle technology.

    Nov 30 · 2 min read
  • Spot Ethereum ETF: The Next Frontier in Crypto Investment

    Spot Ethereum ETF: The Next Frontier in Crypto Investment

    ARK Invest & 21Shares file for spot Ether ETF, aiming to revolutionize crypto investments. Ethereum’s market responds with brief price uptick.

    Sept 7 · 3 min read
  • MetaMask & PayPal: Direct Crypto Sells Just Got Easier

    MetaMask & PayPal: Direct Crypto Sells Just Got Easier

    MetaMask integrates PayPal as an off-ramp provider, allowing users to sell ETH directly to their PayPal accounts. The feature also supports other providers.

    Sept 6 · 2 min read