- The SEC’s October decisions could significantly influence the crypto industry’s trajectory.
- October holds notable deadlines for Spot Bitcoin ETF applications and Grayscale’s appeal.
- Ethereum futures ETF launches are anticipated, injecting optimism into the crypto domain.
October promises a tempestuous unfolding in the crypto domain. The eyes of enthusiasts and investors alike turn towards the US Securities and Exchange Commission (SEC) as it preps for monumental decisions. A focal point is the agency’s potential appeal against asset manager Grayscale.
By October 13, the SEC will reveal whether it wishes to challenge the court’s ruling. The repercussions? An appeal could defer hopes for a Spot Bitcoin ETF, unsettling the crypto community. Should the SEC retreat from appealing, a groundbreaking precedent will be set, invalidating the argument of the spot market’s vulnerability to fraud.
Yet, October brings more than one crossroad. The SEC holds in its hands the destiny of multiple Spot Bitcoin ETF applications. While delays seem probable, with ultimate decisions possibly extending to 2024, there’s a shimmer of optimism.
The Commission looks poised to greenlight Ethereum futures ETF applications. Notably, Volatility Shares is geared to launch theirs on October 12.
Conclusively, as we stride into October, the crypto realm’s horizon seems teeming with both uncertainties and opportunities. Despite potential postponements, the month heralds the initiation of Ethereum futures ETFs, fostering a sense of positivity.
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