SEC Approves Leveraged Bitcoin ETF!

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SEC approves leveraged Bitcoin ETF; BlackRock, Ripple and Nasdaq queued for FTX 2.0;  SEC waives penalty for BlockFi to pay customers.

The US Securities and Exchange Commission (SEC) has approved the first leveraged Bitcoin ETF.

Following this SEC approval, eyes are now on the spot Bitcoin ETF. The current offering of Volatility Shares will begin trading next Tuesday.

Asset management giant BlackRock’s application for a spot in Bitcoin ETF has prompted other companies to take action.

SEC approves leveraged Bitcoin ETF; BlackRock, Ripple and Nasdaq queued for FTX 2.0;  SEC waives penalty for BlockFi to pay customers.

The approval of Volatility Shares’ leveraged Bitcoin ETF has also sparked an anticipation in the crypto community for the approval of spot Bitcoin ETFs.

The fact that Volatility Shares will begin operation of the first leveraged Bitcoin ETF in the US could be extremely important to the future of the industry.

The filing shows that the 2x Bitcoin Futures ETF will go live on June 26, 2023.

BlackRock, Ripple and Nasdaq queued for FTX 2.0

BlackRock, Ripple, and Nasdaq have all lined up for FTX 2.0, which is scheduled for a reboot.

The other day, FTX released the names of parties under section 363 Sales of the US Bankruptcy Code, which allows the sale of a company’s assets.

According to the published list, it has been reported that BlakcRock, Nasdaq and Ripple are among the companies that are interested in the reboot of FTX 2.0 and want more details about its restructuring.

According to a June 22 filing with the Delaware Bankruptcy Court, FTX counsel Alvarez & Marsal published a list of “363 Selling Parties.”

The 363 Selling Parties include notable names such as Nasdaq, Ripple Labs, Galaxy Digital, BlackRock, Tribe Capital, Robinhood, NYDIG, and OKCoin.

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However, it was stated that the 363 Selling Parties list published will not be a private list of potential buyers or investors, but will also be parties interested in the crypto exchange.

SEC waives penalty for BlockFi to pay customers

The US Securities and Exchange Commission (SEC) has agreed to waive a $20 million fine from bankrupt crypto lender BlcokFi, according to a court filing filed the other day. But only until BlockFi pays its investors back.

As is known, the SEC has accused BlockFi of failing to register with the regulator for the supply and sale of crypto loan products.

SEC showed goodwill to BlockFi

The U.S. Securities and Exchange Commission (SEC) has decided to waive a $30 million penalty for BlockFi until customers are reimbursed in a court filing on June 22.

The $30 million amount was calculated as the remainder of the $50 million penalty BlockFi owed to the SEC to settle charges of failing to register with the regulator for the supply and sale of its crypto loan product.

On the other hand, last May, a New Jersey bankruptcy court judge told BlockFi customers that $300 million in funds held in their custody wallets on the platform could be repaid.

In addition to all this, BlockFi is preparing to present a restructuring plan to the court for the hearing to be held in July.

SEC approves leveraged Bitcoin ETF; BlackRock, Ripple and Nasdaq queued for FTX 2.0;  SEC waives penalty for BlockFi to pay customers.
SEC approves leveraged Bitcoin ETF; BlackRock, Ripple and Nasdaq queued for FTX 2.0;  SEC waives penalty for BlockFi to pay customers.

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