Aptos

Bitcoin

Spot

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 <p>Lately, there has been growing interest in Bitcoin exchange-traded funds (ETFs). Several large asset management companies, including BlackRock and Fidelity, have recently filed applications for <a rel="noopener noreferrer nofollow" title="Bitcoin ETF" href="https://thebittimes.com/tag/bitcoin-etf.html">Bitcoin ETF</a>s. Furthermore, Grayscale, a significant participant in the cryptocurrency investment sector, has advocated for the Securities and Exchange Commission (SEC) to review and potentially approve all the proposed spot <a rel="noopener noreferrer nofollow" title="Bitcoin ETF" href="https://thebittimes.com/tag/bitcoin-etf.html">Bitcoin ETF</a>s concurrently.</p> 
 <p>However, it remained uncertain as to when and whether these ETFs would be approved. According to one of the recent reports by <a rel="noopener noreferrer nofollow" title="Matrixport" href="https://thebittimes.com/tag/matrixport.html">Matrixport</a>, a crypto service provider, the US SEC is most likely to approve several <a rel="noopener noreferrer nofollow" title="Bitcoin ETF" href="https://thebittimes.com/tag/bitcoin-etf.html">Bitcoin ETF</a>s.</p> 
 <p><strong>Also read:&nbsp;Microsoft Collaborates With Aptos to Explore Digital Payments and CBDCs</strong></p> 
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  <img decoding="async" width="960" height="640" src="https://cdn.thebittimes.com/images/2023/08/10/a45ce0ce92dd6dcde5f594a49d9bc6d0.webp" alt="" class="wp-image-106461" srcset="https://cdn.thebittimes.com/images/2023/08/10/a45ce0ce92dd6dcde5f594a49d9bc6d0.webp 960w, https://cdn.thebittimes.com/images/2023/08/10/a45ce0ce92dd6dcde5f594a49d9bc6d0.webp 300w, https://cdn.thebittimes.com/images/2023/08/10/a45ce0ce92dd6dcde5f594a49d9bc6d0.webp 768w, https://cdn.thebittimes.com/images/2023/08/10/a45ce0ce92dd6dcde5f594a49d9bc6d0.webp 380w, https://cdn.thebittimes.com/images/2023/08/10/a45ce0ce92dd6dcde5f594a49d9bc6d0.webp 550w, https://cdn.thebittimes.com/images/2023/08/10/a45ce0ce92dd6dcde5f594a49d9bc6d0.webp 800w" sizes="(max-width: 960px) 100vw, 960px"> 
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    Source: Forbes 
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 <h2 class="wp-block-heading" id="h-matrixport-says-it-could-trigger-a-bitcoin-rally">Matrixport says it could trigger a Bitcoin rally</h2> 
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 <p>The <a rel="noopener noreferrer nofollow" title="Matrixport" href="https://thebittimes.com/tag/matrixport.html">Matrixport</a> report stated that the simultaneous approval of these ETFs by the SEC could trigger a BTC rally. According to Markus Thielen, head of research, ETF providers are prepared to allocate significant resources to attract both retail and institutional capital through substantial marketing efforts.</p> 
 <p>The report stated<strong>,</strong></p> 
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  <p><strong>“A physical bitcoin ETF will likely carry a management fee of 0.7-1% which could still bring in $200m per annum for those ETF providers with marketing expenses front-loaded.”</strong></p> <cite>Matrixport Report</cite> 
 </blockquote> 
 <p><strong>Also read:&nbsp;US Inflation Rises to 3.2%</strong></p> 
 <p><a rel="noopener noreferrer nofollow" title="Matrixport" href="https://thebittimes.com/tag/matrixport.html">Matrixport</a> highlighted that, during its peak period, the Grayscale Bitcoin Trust (GBTC) managed assets totaling $43.5 billion. As a result, annual management fees amounted to $870 million. The SEC is expected to provide a response to the ETF filings by Grayscale, ARK, and seven others.</p> 
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<div class="cs-entry__tags"> 
 <ul> 
  <li>Bitcoin ETF</li> 
  <li>Matrixport</li> 
 </ul> 
</div>

Matrixport Predicts SEC will Approve Multiple Spot Bitcoin ETFs

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