SEC may approve bitcoin ETF on November 2nd
In the wake of the US Securities and Exchange Commission’s (SEC) recent decisions, the Bitcoin community’s focus sharpened. Notably, the SEC chose not to challenge the judgment from the US Court of Appeals for the District of Columbia Circuit, which favored Grayscale’s aim to transform its Bitcoin Trust (GBTC) into a spot Bitcoin ETF.
Scott Johnsson, a renowned attorney from Davis Polk, highlighted a significant event on the horizon. He drew attention to a forthcoming closed-door meeting slated for November 2 at 2:00 p.m. ET. The topics for this meeting, as per the “Sunshine Act Notice,” encompass “institution and settlement of administrative proceedings” and “resolution of litigation claims.”
This meeting assumes greater significance, especially considering the launch of the ProShares Bitcoin Strategy ETF (BITO) on October 19, 2021. This futures ETF not only marked a milestone for Bitcoin but also became the swiftest ETF to garner over $1 billion in assets post its debut.
Bitcoin white paper turns 15 as Satoshi Nakamoto’s legacy lives on
Yesterday marked 15 years since the pseudonymous creator of Bitcoin, Satoshi Nakamoto, shared the Bitcoin white paper to a mailing list of cryptographers on Oct. 31, 2008 — a date also annually celebrated as Halloween.
“I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party,” Satoshi famously said in the opening sentence before linking the document titled “Bitcoin: A Peer-to-Peer Electronic Cash System.”
The white paper proposed a decentralized system that could facilitate peer-to-peer transactions, which could solve the “double spending” problem often associated with digital currency.
Bitcoin’s page on Wikipedia sees highest views since June 2022 amid ongoing rally
Views for Bitcoin’s Wikipedia page saw a surge in interest last week, jumping to the highest level seen since mid-2022.
Bitcoin’s Wikipedia page hit 13,490 pageviews on Oct. 24, according to The Block’s Data Dashboard. Last week’s price rally and promising news about the potential for approval of a spot bitcoin ETF likely spurred the increased viewership, according to The Block Research’s Rebecca Stevens.
“Bitcoin’s recent rally and the potential for a spot ETF has people more interested in the asset,” she said. “The newfound interest can be shown in more casual ways, like more people visiting Bitcoin’s Wikipedia page.”
Source: The Block