ETHERSCAN ALLOWS USERS

Last updated: June 19, 2025, 17:43 | Written by: Linda Xie

Etherscan Allows Users
Etherscan Allows Users

The world of cryptocurrency is constantly evolving, and one of the most anticipated developments is the approval of Bitcoin Exchange Traded Funds (ETFs) in the United States. The massive Bitcoin ETF inflows and MicroStrategy's Bitcoin accumulation signal a fundamental shift in crypto adoption. As Bitcoin hovers around $100K, two other assets are also set to deliver exceptional returns. Bitcoin Pepe merges Bitcoin's security with Solana's speed unlocking DeFi on crypto's most trusted network. As institutions investFor years, the U.S.Securities and Exchange Commission (SEC) has been hesitant, rejecting numerous applications.However, recent shifts in market dynamics and regulatory attitudes suggest that a stronger foundation for Bitcoin ETF applications is finally emerging. Hardware wallets require purchasing physical devices ($59-$100), but this is a one-time cost. While wallet creation is typically free, be aware of transaction fees when sendingThe repeated failures of past applications – a recurring theme across 2023 and 2024 in the digital asset markets – have paved the way for more robust proposals that address the SEC's primary concerns.The anticipation surrounding these ETFs is immense, as their approval would provide traditional investors with easier access to Bitcoin, potentially driving significant institutional adoption. The ETF launch is not TMTG s first Bitcoin-related move. Last month, Truth.Fi announced it had raised $2.5 billion toward its own Bitcoin reserve . Funding came from roughly 50 institutionalRemember the surge in Bitcoin’s price to nearly $69,000? Here are the key Bitcoin ETF applicants: BlackRock: BlackRock filed for a spot Bitcoin ETF on June 15, with Coinbase as the crypto custodian and spot market data providerMuch of that was fueled by FOMO (Fear Of Missing Out) from institutional investors and the expectation of ETF approvals. The proposed Truth Social Bitcoin ETF aims to list on NYSE Arca. It seeks to track the market price of Bitcoin directly. The filing designated Foris DAX Trust Company as the planned custodian. Foris safeguards assets for Crypto.com. However, the application omitted details like a management fee or stock ticker symbol.Let's delve into the current landscape of Bitcoin ETF applications, the key players involved, and the factors that could ultimately lead to their success.

The Evolution of Bitcoin ETF Applications

The journey toward a Bitcoin ETF has been a long and winding road, marked by numerous rejections and persistent efforts from various financial institutions.Understanding the reasons behind these past failures is crucial to appreciating the improved prospects of current applications.

Previous Roadblocks and SEC Concerns

The SEC's primary concerns regarding Bitcoin ETF applications have consistently revolved around:

  • Market Manipulation: The SEC has expressed concerns about the potential for manipulation in the Bitcoin market, given its relatively unregulated nature compared to traditional financial markets.
  • Investor Protection: The agency is committed to protecting investors from fraud and ensuring that they have access to accurate and reliable information. Adding to its momentum is the possibility of a Litecoin spot ETF, which analysts give a 68% approval chance by October 2025. With LTC trading around $89.21 and support holding strong near $85, its upside potential is drawing attention. Litecoin is now being widely recognized among the top crypto coins transforming in 2025. Watch These AltcoinsThe volatility and complexity of Bitcoin have raised concerns about investor protection.
  • Lack of Surveillance-Sharing Agreements: The SEC has sought assurances that ETF sponsors have agreements in place with regulated exchanges to share surveillance data, helping to detect and prevent market manipulation.
  • Custody and Security: Ensuring the secure custody of Bitcoin assets is another critical concern. A Stronger Foundation for Bitcoin ETF ApplicationsThe SEC wants to be confident that ETF sponsors have robust security measures in place to protect against theft or loss of Bitcoin.

These concerns have been central to the SEC's decisions to reject previous ETF applications. One of the recurring themes in the digital asset markets across 20 has been the failure of multiple Bitcoin exchange-traded fund applications to gain the approval ofApplicants are now addressing these points head-on, crafting proposals that demonstrate a commitment to market integrity and investor protection.

Key Players and Current Bitcoin ETF Applicants

Several major financial institutions are currently vying for approval to launch spot Bitcoin ETFs. Discover expert insights on the 2025 crypto bull run, major drivers, top altcoins, and risk strategies for investors.These firms bring significant resources and expertise to the table, increasing the likelihood of eventual success.

Leading the Charge: BlackRock, Fidelity, and Others

Here's a look at some of the key Bitcoin ETF applicants:

  1. BlackRock: The world's largest asset manager, BlackRock, filed for a spot Bitcoin ETF, the iShares Bitcoin Trust, on June 15, 2023.The choice of Coinbase as the crypto custodian and spot market data provider is significant, lending credibility to the application.BlackRock's involvement has been widely seen as a turning point in the Bitcoin ETF landscape. Truth Social Bitcoin ETF Faces Stiff Competition as BlackRock and Fidelity Set the Market Standard. If approved, the Truth Social ETF would enter an already crowded market of US spot Bitcoin ETFs. Since January, more than 60 such funds have launched. Together, they manage over $130b in assets. However, the field is far from level.They manage a staggering $8.5 trillion in assets.
  2. Fidelity: Fidelity has also applied for a spot Bitcoin ETF, the Fidelity Wise Origin Bitcoin Fund (FBTC). Bitcoin and Ethereum exhibit different investment characteristics that appeal to various types of investors. Bitcoin's longer track record and clearer value proposition as digital gold make it attractive to conservative cryptocurrency investors and institutions seeking portfolio diversification. Bitcoin typically leads market movements.Fidelity's deep roots in traditional finance and its growing presence in the cryptocurrency space make it a strong contender.
  3. ARK Invest: In partnership with Swiss-based 21Shares AG, ARK Invest has filed for the ARK 21Shares Bitcoin ETF (ARKB).ARK Invest is known for its focus on disruptive innovation and its strong belief in the long-term potential of Bitcoin. In addition to its spot Bitcoin ETF, GlobalX is also developing a number of other Bitcoin-related products, including a Bitcoin futures ETF. 8. ARK Invest. Total assets managed: $14 billion. ETF: ARK 21Shares Bitcoin ETF. Headquarters: St. Petersburg, Florida. Ark Invest partnered with Swiss-based ETF provider 21Shares AG for its spot Bitcoin ETF.ARK manages approximately $14 billion in assets.
  4. GlobalX: In addition to its spot Bitcoin ETF, GlobalX is also developing a number of other Bitcoin-related products, including a Bitcoin futures ETF.

The involvement of these major players signals a growing acceptance of Bitcoin as a legitimate asset class within the traditional financial system.

The Truth Social Bitcoin ETF: A Political Wildcard

Adding an interesting twist to the mix is the application for a Bitcoin ETF by Donald Trump's media company, Truth Social. A. Bitcoin (BTC) The Unstoppable Digital Gold: Still the King in June 2025? Overview and Relevance for June 2025: Bitcoin s commanding performance in May 2025, where it forged a new all-time high of $111,814 3, has laid a strong foundation for its prospects leading into June.The NYSE Arca officially filed with the SEC an application to list the new spot Bitcoin-related ETF, bringing significant political visibility to the process.

While the Truth Social Bitcoin ETF faces stiff competition from established players like BlackRock and Fidelity, its approval could reignite the kind of excitement and FOMO that drove Bitcoin's previous all-time high. Bitcoin is a decentralized digital asset and one of the foremost applications of blockchain technology. The blockchain is a public, digital database of transactions maintained by aHowever, the ETF would enter an already crowded market of US spot Bitcoin ETFs, of which more than 60 have already launched, collectively managing over $130 billion in assets.

This ETF aims to track the price of Bitcoin directly, aligning with Truth Social's broader crypto investment strategy, which includes establishing a corporate Bitcoin treasury. As the US Securities and Exchange Commission evaluates the applications, here is a detailed list of all spot Bitcoin ETF applications: ARK 21Shares Bitcoin ETF (ARKB) byThe filing involves entities like Yorkville America Digital as the sponsor and Foris DAX Trust Company as the custodian.

Factors Contributing to a Stronger Foundation

Several factors have converged to create a more favorable environment for Bitcoin ETF approvals:

Increased Institutional Adoption

Bitcoin is no longer a fringe asset. Main Points: Tim Draper s $250,000 Target Reaffirmed: Draper cites macroeconomic optimism, regulatory advancements, and the growth of Web3 applications on Bitcoin s blockchain as key drivers. Macro and Regulatory Tailwinds: Favorable trade agreements, evolving regulatory frameworks, and major banks like JPMorgan easing client access to Bitcoin underpin bullish sentiment. InstitutionalThe increasing interest and adoption by institutional investors demonstrate a growing acceptance of Bitcoin as a store of value and a hedge against inflation. Donald Trump’s media company is wading further into crypto. On J, NYSE Arca officially filed with the US Securities and Exchange Commission (SEC) an application to list the new spot Bitcoin-relatedThe massive Bitcoin ETF inflows observed since their approval, coupled with MicroStrategy's continued Bitcoin accumulation, signal a fundamental shift in crypto adoption.

Maturing Market Infrastructure

The cryptocurrency market infrastructure has matured significantly in recent years. Ethereum continues to serve as the foundation for decentralized applications (dApps) and smart contract functionality. With upcoming upgrades like Pectra and Fusaka in 2025, Ethereum aims to improve scalability and reduce gas fees, making it more attractive for developers and investors. Its market cap exceeds $450 billion, reflecting strongRegulated exchanges, sophisticated custody solutions, and improved surveillance tools have helped address some of the SEC's previous concerns about market manipulation and investor protection.Examples include established pricing benchmarks and custody solutions provided by reputable firms.

Regulatory Clarity (or at Least, Less Uncertainty)

While regulatory clarity remains a work in progress, there have been some positive developments.The SEC's approval of Bitcoin futures ETFs in 2021, while not the same as spot ETFs, signaled a willingness to engage with crypto-related investment products.Court rulings and regulatory guidance have also provided some degree of clarity, reducing uncertainty and encouraging innovation.

Addressing SEC Concerns: A New Approach

Current Bitcoin ETF applicants are taking a more proactive approach to addressing the SEC's concerns, focusing on:

Enhanced Surveillance and Monitoring

Applicants are proposing enhanced surveillance and monitoring mechanisms to detect and prevent market manipulation. The reasons of failure of Bitcoin ETF applications and the new path that may give regulators the confidence needed to take an application forward. One of the recurring themes in the digitalThis includes surveillance-sharing agreements with regulated exchanges and the use of sophisticated data analytics tools.

Robust Custody Solutions

Ensuring the secure custody of Bitcoin assets is paramount. The Truth Social Bitcoin ETF will operate under NYSE Arca s Rule 8.201-E, which governs commodity-based trust shares. The ETF s structure mirrors other SEC-approved Bitcoin ETFs and will rely on established pricing benchmarks. Its value will be based on the CF Benchmarks Index, aggregating Bitcoin trade data from top crypto exchanges.Applicants are partnering with reputable custodians that have implemented robust security measures to protect against theft or loss of Bitcoin. BTC’s previous all-time high of nearly $69,000 was primarily driven by institutional FOMO and ETF anticipation. The Truth Social ETF, if approved, could reignite similar dynamicsbut with even greater political visibility. ForThese measures often include multi-signature wallets, cold storage solutions, and insurance policies.

Investor Education and Disclosure

Applicants are also focusing on investor education and disclosure, providing clear and accurate information about the risks and benefits of investing in Bitcoin ETFs. The SEC is reviewing ETF applications and proposed rule changes at various exchanges for alternatives to bitcoin and Ether. Approval for some may be likely, but whether investors want the optionsThis includes detailed prospectuses, educational materials, and ongoing communication with investors.

Impact of a Bitcoin ETF Approval

The approval of a spot Bitcoin ETF would have a significant impact on the cryptocurrency market and the broader financial system.

Increased Accessibility for Investors

A Bitcoin ETF would make it easier for mainstream investors to gain exposure to Bitcoin without having to directly purchase and store the cryptocurrency.This increased accessibility could lead to a significant influx of capital into the Bitcoin market.

Legitimization of Bitcoin as an Asset Class

An ETF approval would further legitimize Bitcoin as an asset class, paving the way for greater institutional adoption and acceptance.This could lead to increased trading volume, liquidity, and price stability.

Potential Price Impact

While it's impossible to predict the exact price impact of a Bitcoin ETF approval, many analysts believe that it could drive the price of Bitcoin significantly higher.The influx of capital and increased institutional participation could create a supply-demand imbalance, pushing prices upward.

Looking Ahead: The Future of Bitcoin ETFs

The future of Bitcoin ETFs looks promising, with several strong applications currently under review by the SEC.While there are still challenges to overcome, the increasing institutional adoption, maturing market infrastructure, and proactive approach of applicants suggest that a Bitcoin ETF approval is likely in the not-too-distant future.

Beyond Bitcoin: Altcoin ETFs on the Horizon?

With Bitcoin ETFs potentially paving the way, the focus is shifting to other cryptocurrencies.Several firms are leading efforts to bring more crypto ETFs to the market, pushing for listings tied to major altcoins. Outlook for Bitcoin, Ethereum, and Altcoins Bitcoin is likely to find strong support near $100,000 and faces key resistance around $110,000. A successful breakout could pave the way toward the $120,000 $125,000 range. Ethereum, on the other hand, has short-term potential to reach $2,800 $3,000 if current demand levels hold.In addition to its spot Bitcoin ETF, GlobalX is also developing a number of other Bitcoin-related products, including a Bitcoin futures ETF. Uno de los temas recurrentes en los mercados de activos digitales a lo largo de 2025 y 2025 ha sido el fracaso de m ltiples aplicaciones de fondos cotizados (ETF, por susThere's even momentum building for a Litecoin spot ETF, with analysts giving it a 68% approval chance by October 2025.

Bitcoin's Continued Dominance

Despite the emergence of altcoins, Bitcoin continues to lead market movements. A Stronger Foundation for Bitcoin ETF Applications Janu Admin Leave a comment Which Bitcoin ETF applications will and will not be approved in the near future and why?Its longer track record and clearer value proposition as digital gold make it attractive to conservative cryptocurrency investors and institutions seeking portfolio diversification.

Common Questions About Bitcoin ETFs

Here are some frequently asked questions regarding Bitcoin ETFs:

What is a Bitcoin ETF?

A Bitcoin ETF is an exchange-traded fund that holds Bitcoin as its primary asset. ETFs in Focus . iShares Bitcoin Trust ETF (IBIT Quick Quote IBIT - Free Report), Fidelity Wise Origin Bitcoin Fund Strong Buy Stocks for June, 2025.It allows investors to gain exposure to Bitcoin without directly purchasing and storing the cryptocurrency.

How does a Bitcoin ETF work?

The ETF provider purchases and holds Bitcoin.Shares of the ETF are then sold to investors, who can buy and sell them on a stock exchange like any other ETF.The price of the ETF is designed to track the price of Bitcoin.

What are the benefits of investing in a Bitcoin ETF?

  • Accessibility: Easier to buy and sell through traditional brokerage accounts.
  • Convenience: No need to worry about custody or security.
  • Liquidity: ETF shares can be easily bought and sold on exchanges.

What are the risks of investing in a Bitcoin ETF?

  • Volatility: Bitcoin is a volatile asset, and the price of the ETF can fluctuate significantly.
  • Regulatory Risk: Changes in regulations could impact the value of the ETF.
  • Tracking Error: The ETF may not perfectly track the price of Bitcoin due to fees and other factors.

The Path Forward

The journey to a Bitcoin ETF has been a marathon, not a sprint.Each failed application has provided valuable lessons, leading to more sophisticated and well-prepared proposals.As the cryptocurrency market matures and regulatory attitudes evolve, the prospect of a Bitcoin ETF approval becomes increasingly likely.Investors should closely monitor developments in this space, as a Bitcoin ETF could have a transformative impact on the cryptocurrency market and the broader financial system.

Whether it's BlackRock, Fidelity, or even the politically-charged Truth Social ETF, the race is on. The US Securities and Exchange Commission (SEC) has repeatedly rejected every application for a spot Bitcoin BTC Exchange Traded Fund (ETF) with direct exposure toKeep an eye on regulatory updates and consider consulting with a financial advisor to determine if a Bitcoin ETF aligns with your investment goals and risk tolerance. One of the recurring themes in the digital asset markets across 20 has been the failure of multiple Bitcoin exchange-traded fund (ETF) applications to gain the approval of theRemember to do your own research, and never invest more than you can afford to lose.

Linda Xie can be reached at [email protected].

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