Pierce believes the SEC may not approve spot ETFs until BTC markets are fully regulated.
Fidelity Investments wish to launch a Metaverse ETF in the US.
SEC
The U.S. Securities and Exchange Commission (SEC) is delaying Grayscale's proposed ETF, a spot bitcoin exchange-traded fund. In a statement released on 4 February 2022, the SEC is concerned how Grayscale will fend manipulation and fraud.
Grayscale is the largest digital asset manager. As of 4 February 2022, the total Assets Under Management (AUM) stand at $36.5 billion GBTC underperformed due BTC heavy selling at the beginning of the year.
Some recovery has been made in the last trading session, Grayscale Bitcoin Trust is up 13.5% (approx.).
Earlier in 2021, Grayscale asked to convert its GBPTC shares into a spot bitcoin ETF. This is the second time the SEC is delaying their decision to Grayscale's application. The SEC has already rejected several ETF applications from WisdomTree, Krypton, Fidelity and SkyBridge.
In October 2021 the SEC did approve 2 bitcoin future-based funds: ProShares Bitcoin Strategy ETF and Valkyrie Bitcoin Strategy ETF. The SEC to this date has not approved a spot bitcoin ETF.
Fidelity was able to launch its spot bitcoin ETF in Canada, Fidelity Advantage Bitcoin ETF (FBTC). Fidelity has filed a new application in the US, this time for a Fidelity Metaverse ETF.
Some suggest the SEC is rejecting the ETF's due to upcoming regulations in the crypto industry. However, Securities and Exchange Commissioner Hester Peirce said the SEC may not publish new rules for cryptocurrency exchanges this year.
"The expansive definition that's being proposed for exchanges will cover a lot of potential platforms that haven't thought necessarily that they would be covered, and that's in the traditional security space, as well as in the crypto space."
Pierce believes the SEC is unlikely to approve spot ETFs until BTC markets are fully regulated. The SEC's concerns are that crypto markets are yet to be regulated in the same manner as equities.
The SEC may propose to reveal who are the creators of the cryptocurrency, the amount of tokens that will be minted and complete transparency of the code. This will be tied in with anti-fraud rules.
The U.S. Securities and Exchange Commission (SEC) is delaying Grayscale's proposed ETF, a spot bitcoin exchange-traded fund. In a statement released on 4 February 2022, the SEC is concerned how Grayscale will fend manipulation and fraud.
Grayscale is the largest digital asset manager. As of 4 February 2022, the total Assets Under Management (AUM) stand at $36.5 billion GBTC underperformed due BTC heavy selling at the beginning of the year.
Some recovery has been made in the last trading session, Grayscale Bitcoin Trust is up 13.5% (approx.).
Earlier in 2021, Grayscale asked to convert its GBPTC shares into a spot bitcoin ETF. This is the second time the SEC is delaying their decision to Grayscale's application. The SEC has already rejected several ETF applications from WisdomTree, Krypton, Fidelity and SkyBridge.
In October 2021 the SEC did approve 2 bitcoin future-based funds: ProShares Bitcoin Strategy ETF and Valkyrie Bitcoin Strategy ETF. The SEC to this date has not approved a spot bitcoin ETF.
Fidelity was able to launch its spot bitcoin ETF in Canada, Fidelity Advantage Bitcoin ETF (FBTC). Fidelity has filed a new application in the US, this time for a Fidelity Metaverse ETF.
Some suggest the SEC is rejecting the ETF's due to upcoming regulations in the crypto industry. However, Securities and Exchange Commissioner Hester Peirce said the SEC may not publish new rules for cryptocurrency exchanges this year.
"The expansive definition that's being proposed for exchanges will cover a lot of potential platforms that haven't thought necessarily that they would be covered, and that's in the traditional security space, as well as in the crypto space."
Pierce believes the SEC is unlikely to approve spot ETFs until BTC markets are fully regulated. The SEC's concerns are that crypto markets are yet to be regulated in the same manner as equities.
The SEC may propose to reveal who are the creators of the cryptocurrency, the amount of tokens that will be minted and complete transparency of the code. This will be tied in with anti-fraud rules.
Kraken Steps Up Speed Race with New Equinix Colocation Service for Crypto Traders
FP Markets Winner Spotlight 🏆 | Global Broker of the Year 2025 #Trading #Broker #Innovation #Shorts
FP Markets Winner Spotlight 🏆 | Global Broker of the Year 2025 #Trading #Broker #Innovation #Shorts
FP Markets takes the spotlight as Global Broker of the Year 2025 at the Finance Magnates Awards.
Martin Stoilov, Head of Client Experience, shares that trust, innovation, and people played a key role in the company’s success, supported by a strong foundation of integrity and client-centricity.
Following this milestone, FP Markets continues to focus on growth, technology investment, and its core values of transparency and excellence.
👉 Be part of FM Awards 2026: https://awards.financemagnates.com/#nominate
FP Markets takes the spotlight as Global Broker of the Year 2025 at the Finance Magnates Awards.
Martin Stoilov, Head of Client Experience, shares that trust, innovation, and people played a key role in the company’s success, supported by a strong foundation of integrity and client-centricity.
Following this milestone, FP Markets continues to focus on growth, technology investment, and its core values of transparency and excellence.
👉 Be part of FM Awards 2026: https://awards.financemagnates.com/#nominate
In this video, we review @HolaPrimeMarketsOfficial, a multi-asset forex and CFDs broker offering different account types, trading platforms, and flexible trading conditions.
We cover the broker’s overall offering, including account options, trading environment, platforms like MT4 and MT5, and additional services such as managed accounts and fast withdrawals.
Watch the full video to see if Hola Prime Markets fits your trading needs.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
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#HolaPrime #ForexBroker #CFDTrading #FinanceMagnates #Trading #Forex #BrokerReview
In this video, we review @HolaPrimeMarketsOfficial, a multi-asset forex and CFDs broker offering different account types, trading platforms, and flexible trading conditions.
We cover the broker’s overall offering, including account options, trading environment, platforms like MT4 and MT5, and additional services such as managed accounts and fast withdrawals.
Watch the full video to see if Hola Prime Markets fits your trading needs.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
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#HolaPrime #ForexBroker #CFDTrading #FinanceMagnates #Trading #Forex #BrokerReview
Hola Prime Review: What You Need to Know | Full Breakdown by Finance Magnates
Hola Prime Review: What You Need to Know | Full Breakdown by Finance Magnates
In this video, we review @HolaPrime_Global, a proprietary trading firm offering evaluation programs and performance-based payouts in simulated market environments.
We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
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▶️ YouTube: /@financemagnates_official
#HolaPrime #PropFirm #Trading #FinanceMagnates #Forex #FuturesTrading #TradingReview #PropFirmReview
In this video, we review @HolaPrime_Global, a proprietary trading firm offering evaluation programs and performance-based payouts in simulated market environments.
We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
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#HolaPrime #PropFirm #Trading #FinanceMagnates #Forex #FuturesTrading #TradingReview #PropFirmReview
Axi Winner Spotlight 🏆 | Global Most Innovative Broker 2025 #Innovation #Trading #Fintech #Broker
Axi Winner Spotlight 🏆 | Global Most Innovative Broker 2025 #Innovation #Trading #Fintech #Broker
Axi takes the spotlight at the Finance Magnates Awards, winning Global Most Innovative Broker 2025.
Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
👉 Be part of FM Awards 2026.
Axi takes the spotlight at the Finance Magnates Awards, winning Global Most Innovative Broker 2025.
Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
👉 Be part of FM Awards 2026.
Recognition that matters.
Built on transparency.
Driven by the industry.
The Finance Magnates Awards 2026.
Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters
Recognition that matters.
Built on transparency.
Driven by the industry.
The Finance Magnates Awards 2026.
Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters
