The SEC delays its decision on spot Bitcoin ETF proposals.
The postponement comes after a court ruling to review a similar application.
Bitcoin ETF
Although
the cryptocurrency market has significantly developed over the past few years,
the Securities and Exchange Commission (SEC) still uses the same tactics it
employed almost five years ago. The institution has once again postponed its
decision on approving spot Bitcoin exchange-traded funds (ETFs). Even the
recent court ruling challenging its position has not changed the institution's
stance.
SEC (Once Again) Postpones Decision on Spot
Bitcoin ETFs
Initially
scheduled for next week, the new decision dates for applications from Invesco,
WisdomTree, and Valkyrie have been extended to mid-October. This development
comes close to a federal appeals court ruling, which ordered the SEC to
reconsider an application from Grayscale Investments for a similar product.
Two days before
the SEC's announcement, a federal appeals court ruled that the agency was
incorrect in denying Grayscale Investments the opportunity to establish a spot
Bitcoin ETF. The District of Columbia Court of Appeals has now mandated the SEC
to reevaluate Grayscale's application. While the regulatory body reviews the
court's decision, there's no guarantee that its final judgment will favor
Grayscale.
In recent
years, the SEC has dismissed numerous applications for spot Bitcoin ETFs. The
regulatory body cites insufficient trading surveillance, which they argue could
expose the underlying Bitcoin market to fraudulent activities and manipulation.
This stance has remained consistent despite increased interest from major
players in the financial sector.
The price
of Bitcoin declined as it reacted to the latest news. During yesterday's
(Thursday) session, BTC lost over 5% and fell below the local support level of
$26,000.
Source: Yahoo Finance
A Ripple Effect on the
Industry
In a
related development, BlackRock, the world's largest asset manager, submitted
its application for a spot Bitcoin ETF in June. This move was perceived by many
as a potential turning point for the cryptocurrency industry and even led to a
surge in Bitcoin prices. However, the market remains uncertain given the SEC's
history and recent delay.
BlackRock's
application set off a domino effect in the market, prompting many other
companies to submit their proposals. The current situation closely resembles
that of 2018 and 2019, when the market was flooded with the first wave of applications
for spot Bitcoin ETFs. At that time, the SEC also dragged out the decision,
ultimately rejecting the companies' applications.
According
to experts, the SEC will eventually have to relent and allow these types of
instruments to trade on the American market. However, it is currently engaged
in open warfare with cryptocurrency companies, bringing lawsuits against firms, such as Binance and Coinbase.
Although
the cryptocurrency market has significantly developed over the past few years,
the Securities and Exchange Commission (SEC) still uses the same tactics it
employed almost five years ago. The institution has once again postponed its
decision on approving spot Bitcoin exchange-traded funds (ETFs). Even the
recent court ruling challenging its position has not changed the institution's
stance.
SEC (Once Again) Postpones Decision on Spot
Bitcoin ETFs
Initially
scheduled for next week, the new decision dates for applications from Invesco,
WisdomTree, and Valkyrie have been extended to mid-October. This development
comes close to a federal appeals court ruling, which ordered the SEC to
reconsider an application from Grayscale Investments for a similar product.
Two days before
the SEC's announcement, a federal appeals court ruled that the agency was
incorrect in denying Grayscale Investments the opportunity to establish a spot
Bitcoin ETF. The District of Columbia Court of Appeals has now mandated the SEC
to reevaluate Grayscale's application. While the regulatory body reviews the
court's decision, there's no guarantee that its final judgment will favor
Grayscale.
In recent
years, the SEC has dismissed numerous applications for spot Bitcoin ETFs. The
regulatory body cites insufficient trading surveillance, which they argue could
expose the underlying Bitcoin market to fraudulent activities and manipulation.
This stance has remained consistent despite increased interest from major
players in the financial sector.
The price
of Bitcoin declined as it reacted to the latest news. During yesterday's
(Thursday) session, BTC lost over 5% and fell below the local support level of
$26,000.
Source: Yahoo Finance
A Ripple Effect on the
Industry
In a
related development, BlackRock, the world's largest asset manager, submitted
its application for a spot Bitcoin ETF in June. This move was perceived by many
as a potential turning point for the cryptocurrency industry and even led to a
surge in Bitcoin prices. However, the market remains uncertain given the SEC's
history and recent delay.
BlackRock's
application set off a domino effect in the market, prompting many other
companies to submit their proposals. The current situation closely resembles
that of 2018 and 2019, when the market was flooded with the first wave of applications
for spot Bitcoin ETFs. At that time, the SEC also dragged out the decision,
ultimately rejecting the companies' applications.
According
to experts, the SEC will eventually have to relent and allow these types of
instruments to trade on the American market. However, it is currently engaged
in open warfare with cryptocurrency companies, bringing lawsuits against firms, such as Binance and Coinbase.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
How Ripple Pulled Off the Year’s Biggest Crypto Raise While XRP Tumbled 40%
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Vitalii Bulynin Talks About Versus Trade, New Pairs, and Big Plans
Vitalii Bulynin Talks About Versus Trade, New Pairs, and Big Plans
In this interview, Versus Trade Co-Founder Vitalii Bulynin explains how the company got its license fast, why its trading pairs are fresh and fun, and what the team will build next.
He also discusses the most active pairs, the IB and MIB plans, and hiring needs for new markets.
Watch the whole talk to learn more about how Versus Trade works and where it is heading.
#financemagnates #VersusTrade #TradingPairs #BTCvsGold #goldtrading #innovation
In this interview, Versus Trade Co-Founder Vitalii Bulynin explains how the company got its license fast, why its trading pairs are fresh and fun, and what the team will build next.
He also discusses the most active pairs, the IB and MIB plans, and hiring needs for new markets.
Watch the whole talk to learn more about how Versus Trade works and where it is heading.
#financemagnates #VersusTrade #TradingPairs #BTCvsGold #goldtrading #innovation
Marketing in 2026 Audiences, Costs, and Smarter AI
Marketing in 2026 Audiences, Costs, and Smarter AI
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Fail Better Trading Tech to Tackle Industry Risks
Fail Better Trading Tech to Tackle Industry Risks
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
