United

Bitcoin ETF

Bitcoin

Spot

According to analysts at Cantor Fitzgerald, a financial services firm specializing in prime brokerage and investment banking services, the highly awaited spot Bitcoin exchange-traded fund (ETF) is on the brink of materializing. 
<h2 id="span-style-font-weight-400-cantor-fitzgerald-talks-about-bitcoin-spot-etf-span">Cantor Fitzgerald Talks About Bitcoin Spot ETF</h2> 
As per the report published on <a href="https://www.theblock.co/post/259914/cantor-fitzgerald-sees-spot-bitcoin-etf-as-most-important-short-term-catalyst">Bloomberg</a>, Cantor Fitzgerald has expressed its optimism that the applications from asset managers to be introduced as a spot Bitcoin ETF, will ultimately receive approval from the SEC. 
<h3 id="span-style-font-weight-400-most-important-short-term-catalyst-span">‘Most-Important Short-Term Catalyst’</h3> 
The analysts at Cantor Fitzgerald, Josh Siegler and Will Carlson, are of the view that the approval of a spot ETF would have a substantial short-term impact on Bitcoin’s price. They also emphasize that such approval would mark a foundational moment for the long-term acceptance and credibility of BTC. They characterized approval as the “most-important short-term catalyst.” 
In addition, they said that “a comprehensive surveillance-sharing agreement with a regulated market of significant size” could appease or satisfy regulators. 
<h2 id="span-style-font-weight-400-excitement-for-bitcoin-spot-etf-span">Excitement for Bitcoin Spot ETF</h2> 
In March, Eric Balchunas and James Seyffart, renowned analysts at Bloomberg specializing in exchange-traded funds (ETFs), <a href="https://thecoinrise.com/sec-would-be-able-to-approve-spot-btc-etf-if-it-implements-this-single-method/">suggested the similar view</a> that the adoption of a proposed rule change by the United States Securities and Exchange Commission (SEC) could serve as a catalyst in paving the way for the SEC to grant approval to a Bitcoin ETF in the upcoming year. 
<h3 id="span-style-font-weight-400-rejection-of-multiple-applications-span">Rejection of Multiple Applications</h3> 
However, in 2021, despite granting approval for various investment products linked to Bitcoin futures, the regulatory <a href="http://u7on2t3wh57mmmmarvqht5iolb7zdxohfxaueb3cqrda66kldux3rxpe5e">authority has consistently rejected any proposed</a> rule changes that would enable the introduction of spot Bitcoin ETFs on exchange platforms.&nbsp; 
During 2022, the regulatory body initially postponed its determination regarding the approval or <a href="https://thecoinrise.com/sec-reportedly-delays-decision-on-approval-of-grayscales-bitcoin-etf/">disapproval of Grayscale’s ETF</a>.&nbsp; 
Subsequently, it also rescheduled the deadlines for evaluating the spot Bitcoin ETF applications <a href="https://thecoinrise.com/sec-delays-decision-on-wisdomtrees-and-one-rivers-spot-btc-etf-applications/">submitted by WisdomTree and One River.</a> Lately, the regulatory body has deferred <a href="https://thecoinrise.com/sec-postpones-decision-of-seven-bitcoin-etf-applications/">its verdict on a total of seven proposals</a> for spot Bitcoin exchange-traded funds (ETFs). 
The post <a rel="nofollow" href="https://thecoinrise.com/bitcoin-spot-etf-is-closer-to-approval-cantor-fitzgerald/">Bitcoin Spot ETF is Closer to Approval: Cantor Fitzgerald</a> appeared first on <a rel="nofollow" href="https://thecoinrise.com">Latest News and Insights on Blockchain, Cryptocurrency, and Investing</a>.

Bitcoin Spot ETF is Closer to Approval: Cantor Fitzgerald

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