{"id":1039,"date":"2023-08-31T10:45:00","date_gmt":"2023-08-31T02:45:00","guid":{"rendered":"https:\/\/insights.digift.io\/?p=1039"},"modified":"2025-08-15T16:50:37","modified_gmt":"2025-08-15T08:50:37","slug":"first-bitcoin-etf-could-be-coming-soon-as-court-rules-in-favor-of-grayscale-over-sec-jpmorgan-sees-limited-downside-for-crypto-markets-over-the-near-term","status":"publish","type":"post","link":"https:\/\/insights.digift.io\/zh\/first-bitcoin-etf-could-be-coming-soon-as-court-rules-in-favor-of-grayscale-over-sec-jpmorgan-sees-limited-downside-for-crypto-markets-over-the-near-term\/","title":{"rendered":"First Bitcoin ETF could be coming soon as court rules in favor of Grayscale over SEC; JPMorgan sees &#8216;limited downside&#8217; for crypto markets over the near term"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Weekly&nbsp;<\/strong><strong>Update: 31 August 2023<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">1) First Bitcoin ETF could be coming soon&nbsp;as court rules in favor of Grayscale over SEC&nbsp;<a href=\"https:\/\/www.cnbc.com\/2023\/08\/29\/first-bitcoin-etf-could-be-coming-soon-as-court-rules-in-favor-of-grayscale-over-sec.html\">[CNBC]<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"line-height:2\">The U.S. Court of Appeals for the D.C. Circuit has paved the way for bitcoin exchange-traded funds.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:2\">2) JPMorgan sees &#8216;limited downside&#8217; for crypto markets over the near term&nbsp;<a href=\"https:\/\/www.theblock.co\/post\/247374\/jpmorgan-crypto-limited-downside\">[The Block]<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"line-height:2\">The crypto markets experienced a correction and liquidations this month, but the challenging phase has likely passed, according to JPMorgan.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:2\">3) ARK Invest, 21Shares join queue to offer Ethereum futures ETF<a href=\"https:\/\/cointelegraph.com\/news\/ark-invest-21-shares-file-ethereum-futures-etf\">[Cointelegraph]<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"line-height:2\">The co-filing comes just a week after reports emerged that the Securities and Exchange Commission is likely to greenlight Ethereum ETF applications.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:2\">4) China launches blockchain-powered data exchange&nbsp;<a href=\"https:\/\/cointelegraph.com\/news\/china-launches-blockchain-powered-data-exchange\">[Cointelegraph]<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"line-height:2\">The platform will facilitate the buying and selling of Web3 data among enterprises, with Alibaba Cloud and Huawei among the companies to participate.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:2\">5) Colombian peso stablecoin goes live on Polygon, aiming for $10B remittances market&nbsp;<a href=\"https:\/\/www.coindesk.com\/business\/2023\/08\/24\/colombian-peso-stablecoin-goes-live-on-polygon-aiming-for-10b-remittances-market\/\">[CoinDesk]<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"line-height:2\">Stablecoin issuer Num Finance has rolled out a Colombian peso-pegged token on the Polygon network, the company said Thursday in a press release.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:2\">6) Default of tokenized loans on centrifuge puts MakerDAO\u2019s investment at risk&nbsp;<a href=\"https:\/\/www.coindesk.com\/markets\/2023\/08\/25\/default-of-tokenized-loans-on-centrifuge-puts-makerdaos-investment-at-risk\/\">[CoinDesk]<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"line-height:2\">MakerDAO has lent $1.84 million of DAI stablecoin to the tokenized credit pool under distress.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:2\">7) Elon Musk\u2019s X moves closer to crypto payments with new state license&nbsp;<a href=\"https:\/\/cointelegraph.com\/news\/x-twitter-crypto-payments-rhode-island-licence\">[Cointelegraph]<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"line-height:2\">Regulators from Rhode Island have approved X\u2019s application for a currency transmitter license.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:2\">8) Hashdex joins race for spot Bitcoin ETF with unique strategy&nbsp;<a href=\"https:\/\/cointelegraph.com\/news\/hashdex-joins-race-for-spot-bitcoin-etf-with-unique-strategy\">[Cointelegraph]<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"line-height:2\">Hashdex\u2019s approach differs from recent filings as it won\u2019t depend on the Coinbase surveillance sharing agreement.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:2\">9) SEC issues first enforcement action targeting NFTs&nbsp;<a href=\"https:\/\/www.coindesk.com\/policy\/2023\/08\/28\/sec-issues-first-enforcement-action-targeting-nfts\/\">[CoinDesk]<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"line-height:2\">The agency ruled Impact Theory\u2019s NFTs were sold as unregistered securities.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:2\">10) South Korean Crypto Exchanges Required to Prepare at Least $2.26M in Reserves&nbsp;<a href=\"https:\/\/tokeninsight.com\/en\/news\/south-korean-crypto-exchanges-required-to-prepare-at-least-2.26m-in-reserves\">[TokenInsight]<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"line-height:2\">South Korean officials mandate crypto exchanges to maintain a minimum of 3 billion won (approximately $2.26 million) in bank reserves to ensure user compensation in case of security breaches like hacking incidents.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ARK Invest, 21Shares join queue to offer Ethereum futures ETF 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