News - Will the stock price go up again? 7 new ETF applications await the SEC.

By Ted Maas

Will the stock price go up again? 7 new ETF applications await the SEC.

Bitcoin (BTC)
Investing
Crypto acceptance

After the preliminary good news surrounding Grayscale, the SEC must decide on seven Bitcoin Spot ETF applications in the next six days. How will the stock price react to this?

The Securities and Exchange Commission (SEC) has an important week ahead of it. Indeed, over the next six days, the U.S. SEC must decide on a total of seven Bitcoin Spot ETF applications. This reports Bloomberg in a report. The main applicants are: BlackRock, VanEck, Wisdomtree, Valkyrie, Fidelity, Invesco and Bitwise. Not the smallest names in the industry.

Bitwise, the latest company, will be the first to be notified of the SEC's decision next Friday, Sept. 1. Five other rulings will follow a day later. The last to hear the answer will be Valkyrie on Sept. 4. It is still unclear whether the SEC will approve the applications. So far, the relationship between the SEC and Bitcoin ETFs is not positive. Even though the SEC has been knocked back, that does not mean that these seven applications will simply be approved. Should they be, it will be tremendously good news for the industry.

The US Securities and Exchange Commission's defeat of Grayscale, another applicant for a Bitcoin Spot ETF, has at least set a new dynamic in motion.

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