{"id":10499,"date":"2023-09-04T11:16:10","date_gmt":"2023-09-04T11:16:10","guid":{"rendered":"https:\/\/xcoins.com\/?p=10499"},"modified":"2025-05-17T14:59:54","modified_gmt":"2025-05-17T14:59:54","slug":"bitcoin-has-rollercoaster-week-as-spot-etf-decision-delayed","status":"publish","type":"post","link":"https:\/\/xcoins.com\/en\/blog\/bitcoin-has-rollercoaster-week-as-spot-etf-decision-delayed\/","title":{"rendered":"Bitcoin Has Rollercoaster Week as Spot ETF Decision Delayed"},"content":{"rendered":"\n<p>In a dynamic week for the cryptocurrency industry, Grayscale Investments, a prominent crypto asset manager, clinched a crucial legal victory against the United States Securities and Exchange Commission (SEC), rekindling hopes for a listed Bitcoin exchange-traded fund (ETF).&nbsp;<\/p>\n\n\n\n<p>However, this triumph coincided with the SEC&#8217;s decision to delay judgments on several spot Bitcoin ETF applications, leaving market observers on edge.&nbsp;<\/p>\n\n\n\n<p>Meanwhile, Bitcoin whales have demonstrated unwavering confidence, accumulating a staggering $1.5 billion worth of BTC, while Bitcoin and Ethereum are on track to mark their lowest quarterly volumes in years.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Grayscale victory spurs hope amidst SEC delay on Spot Bitcoin ETFs<\/li>\n\n\n\n<li>Bitcoin whales scoop up $1.5 billion worth of BTC<\/li>\n\n\n\n<li>Bitcoin and Ethereum trading volumes are on track to match lowest quarter on record<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-grayscale-victory-spurs-hope-amidst-sec-delay-on-spot-bitcoin-etfs\"><strong>Grayscale victory spurs hope amidst SEC delay on Spot Bitcoin ETFs<\/strong><\/h2>\n\n\n\n<p>In a whirlwind of developments in the cryptocurrency world, Grayscale Investments has secured a significant legal victory against the United States Securities and Exchange Commission (SEC), reigniting hopes for a listed Bitcoin exchange-traded fund (ETF).&nbsp;<\/p>\n\n\n\n<p>However, this triumph for Grayscale came days before a postponement by the SEC in its decision on several spot Bitcoin ETF applications.<\/p>\n\n\n\n<p>Crypto asset manager Grayscale Investments has been ardently pursuing the transformation of its over-the-counter Grayscale Bitcoin Trust (GBTC) into a listed Bitcoin exchange-traded fund (ETF) for several years.&nbsp;<\/p>\n\n\n\n<p>The SEC had previously rejected Grayscale&#8217;s GBTC application, citing concerns that the products did not have adequate safeguards against fraudulent activities and market manipulation.<\/p>\n\n\n\n<p>Undeterred, Grayscale took legal action, filing a petition for review with the United States Court of Appeals for the District of Columbia Circuit.&nbsp;<\/p>\n\n\n\n<p>On August 29, 2023, Grayscale\u2019s CEO Michael Sonnenshein <a href=\"https:\/\/twitter.com\/Sonnenshein\/status\/1696530284542660973?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1696530284542660973%7Ctwgr%5E17cd8fb817f6662bdb8e2a6ea0863ba74e2f3311%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fgrayscale-wins-sec-lawsuit\">announced on X<\/a> (formerly Twitter) that the U.S. Court of Appeals Circuit Judge Neomi Rao handed down a crucial decision, ordering the review petition to be granted and the SEC&#8217;s order to deny the GBTC listing application to be vacated.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/cQ_0Nb2fD72ObjqqcH-euNvdiYnh_a_ihuymx5_OzQ9kl3Q4NVQD_wlHVxA5U5TBJYoBNNk7kKMfXUuF_1hHoYjxzeE1tB-dtYzSyuAfmUtLdABKh4xmImkNODAFDjwWaXbMNUT5xgiIyvbmIcMLl3g\" alt=\"Xcoins\"\/><figcaption class=\"wp-element-caption\"><em>Tweet from Grayscale\u2019s CEO, Michael Sonnenshein<\/em><\/figcaption><\/figure>\n\n\n\n<p><a href=\"https:\/\/twitter.com\/Sonnenshein\/status\/1696530284542660973?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1696530284542660973%7Ctwgr%5E17cd8fb817f6662bdb8e2a6ea0863ba74e2f3311%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fgrayscale-wins-sec-lawsuit\"><\/a><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Renewed by fresh optimism Bitcoin\u2019s price surged to a weekly high of $28,800.&nbsp;<\/p>\n\n\n\n<p>However, prices were quickly dashed when on Thursday the <a href=\"https:\/\/www.sec.gov\/files\/rules\/sro\/nasdaq\/2023\/34-98262.pdf\">SEC delayed decisions<\/a> on six applications for other Spot Bitcoin ETFs.&nbsp;<\/p>\n\n\n\n<p>WisdomTree, Invesco Galaxy, Valkyrie, VanEck, Bitwise Asset Management, and Fidelity have all seen their proposals put on hold.<\/p>\n\n\n\n<p>This delay is primarily due to the SEC designating a longer review period, following which it will have an additional 45 days, ending in October, to decide on proposed rule changes allowing the listing of these investment vehicles.&nbsp;<\/p>\n\n\n\n<p>In addition to the mentioned firms, a multitude of others have crypto ETF applications awaiting SEC review, including BlackRock and ARK Invest.&nbsp;<\/p>\n\n\n\n<p>After news of the ETF delays was confirmed, Bitcoin\u2019s price crashed back down to a weekly low of $25,300, where prices have remained throughout the weekend.<\/p>\n\n\n\n<p>The cryptocurrency industry is now keeping a close eye on all ETF developments, as investors eagerly await the SEC&#8217;s decisions on the pending applications.&nbsp;<\/p>\n\n\n\n<p>Meanwhile, Grayscale&#8217;s legal victory has given fresh hope to those advocating for a spot Bitcoin ETF, demonstrating that the regulatory landscape is continually evolving in the crypto world.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/1V5X5coSMl0WloTEtkcqQwxAdvcf6QS4aOTUOHHpeqeyfwT1ZgEvlfiGLZwguBrLq7ftHuBt3i9SAgCS0CAjMNfWqO5EUmyxBZFdmv_CHWryF50WPIkHamYOcsgooph2WsElRr00RAzLQYbOUVZ2EFg\" alt=\"1D BTC\/USD price chart\"\/><figcaption class=\"wp-element-caption\"><em>1D BTC\/USD price chart<\/em><\/figcaption><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-bitcoin-whales-scoop-up-1-5-billion-worth-of-btc\"><strong>Bitcoin whales scoop up $1.5 billion worth of BTC<\/strong><\/h2>\n\n\n\n<p>In a remarkable display of resilience, major Bitcoin (BTC) investors, often referred to as &#8220;whales,&#8221; have continued to accumulate substantial BTC holdings, even in the face of recent price fluctuations.&nbsp;<\/p>\n\n\n\n<p>Insights from crypto analytics firm <a href=\"https:\/\/twitter.com\/intotheblock\/status\/1697641436437459019\">IntoTheBlock<\/a> reveal that wallet addresses holding a minimum of 0.1% of the total Bitcoin supply, which equates to over $500 million in value, augmented their holdings by an impressive $1.5 billion during the last two weeks of August.<\/p>\n\n\n\n<p>This surge in accumulation is all the more intriguing considering the near absence of BTC inflows into centralized exchanges during this period.&nbsp;<\/p>\n\n\n\n<p>Lucas Outumuro, the Head of Research at IntoTheBlock, suggests that this signals &#8220;organic buying demand rather than just funds shifting to exchange addresses.&#8221;<\/p>\n\n\n\n<p>The actions of these whales, who wield considerable influence over digital asset markets, are closely monitored by crypto enthusiasts as they often foreshadow significant market movements.<\/p>\n\n\n\n<p>Their decision to accumulate BTC has occurred against the backdrop of a temporary slump in BTC&#8217;s price, dropping to a two-month low. A dip that was only briefly interrupted by a pivotal court decision relating to Grayscale&#8217;s efforts to establish a spot Bitcoin exchange-traded fund (ETF) in the United States.<\/p>\n\n\n\n<p>The whale accumulation spree commenced after August 17 when BTC experienced a significant 10% drop, falling below the $26,000 mark, marking its lowest price since June, according to IntoTheBlock&#8217;s data.&nbsp;<\/p>\n\n\n\n<p>However, the accumulation trend among large BTC holders conveys a promising message.&nbsp;<\/p>\n\n\n\n<p>Lucas Outumuro remarks that &#8220;institutional investors are becoming increasingly optimistic about Bitcoin as we approach pivotal ETF decisions.&#8221;&nbsp;<\/p>\n\n\n\n<p>This sentiment suggests that, despite short-term market turbulence, confidence in Bitcoin&#8217;s long-term potential remains robust among institutional players.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/yZ5GbIL1VSGE1bXBDK0CvabcKUVnOeC99MB8CGDcLPHLoTjIIy6rHNGa6ciTr84dGNc_A8qijfi7mlu2rUSEGNbsODNNnzc_BttVrBKMqmJ6mTW8WAhnbDHa1NYbmcr631EP7wqDEMCHuSlYyg04qzk\" alt=\"Netflow of large Bitcoin holders \"\/><figcaption class=\"wp-element-caption\"><em>Netflow of large Bitcoin holders<\/em>&nbsp;<\/figcaption><\/figure>\n\n\n\n<p><a href=\"https:\/\/twitter.com\/intotheblock\/status\/1697641436437459019\"><\/a><\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-lowest-quarterly-trading-volumes-on-track-for-q3\"><strong>Lowest quarterly trading volumes on track for Q3?<\/strong><\/h2>\n\n\n\n<p>According to the latest data collated by <a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\/historical_data#panel\">CoinGecko<\/a>, Bitcoin, the cryptocurrency pioneer, and Ethereum, its foremost challenger, are facing a notable decline in spot trading volumes for the current quarter.<\/p>\n\n\n\n<p>Bitcoin, often regarded as the bellwether of the cryptocurrency market, has seen its spot trading volumes for the current quarter amount to $721.10 billion.&nbsp;<\/p>\n\n\n\n<p>However, by extrapolating the data trends from July and August into September, it becomes evident that Q3 2023 might provide the lowest trading volumes for a quarter since the first quarter of 2019.<\/p>\n\n\n\n<p>The previous two months showcased trading volumes of $345.89 billion and $354.84 billion, respectively. Should these conditions persist, and September&#8217;s volumes remain around $350 billion, the total quarterly trading volume for Bitcoin is poised to approach $1.05 trillion.<\/p>\n\n\n\n<p>For perspective, the previous quarter recorded total quarterly trading volumes of $1.25 trillion, marking a potential 14% decline quarter-over-quarter.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/Dq1GF1-rZlSa0IfF5RoGYpXIedaXh_rpY1vR6o95xvNCAQKlwURIphFA35lVkVlqN7pUGL4R7AM_vWj1eDr_Ci2OeftC7I5kFS7MoxmDGAOChyMR9X6C1R0ED9XfpjVG_TBGec0jb4f17-r-TuHvTpY\" alt=\"Bitcoin quarterly trading volume, Data collected from CoinGecko.\"\/><figcaption class=\"wp-element-caption\"><em>Bitcoin quarterly trading volume, Data collected from CoinGecko.<\/em><\/figcaption><\/figure>\n\n\n\n<p><a href=\"https:\/\/decrypt.co\/154583\/bitcoin-ethereum-trading-volumes-headed-worst-quarter-since-2019\"><\/a><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Meanwhile, Ethereum, often referred to as Bitcoin&#8217;s closest rival, is experiencing a parallel narrative.&nbsp;<\/p>\n\n\n\n<p>In July and August, ETH registered trading volumes of $232.06 billion and $212.92 billion, respectively. Should Ethereum&#8217;s September trading volumes reach approximately $220 billion, the cumulative quarterly trading volume for ETH would reach the $650 billion mark, a level unseen since 2019.<\/p>\n\n\n\n<p>This decline in spot trading volumes isn&#8217;t isolated to Bitcoin and Ethereum alone.&nbsp;<\/p>\n\n\n\n<p>According to a previous CoinGecko report, spot trading volumes for the entire cryptocurrency market on centralized exchanges plummeted by 43% in the second quarter of 2023.<\/p>\n\n\n\n<p>Institutional trading firm Genesis Trading has weighed in on this trend, asserting in its <a href=\"https:\/\/genesistrading.com\/insights\/quarterly-reports\">last quarter report<\/a> that it will be derivatives that will likely play a pivotal role in the future growth of cryptocurrency volumes.&nbsp;<\/p>\n\n\n\n<p><em>To stay up to date on all things crypto, like Xcoins on <\/em><a href=\"https:\/\/www.facebook.com\/xcoinsofficial\"><em>Facebook<\/em><\/a><em>, and follow us on <\/em><a href=\"https:\/\/twitter.com\/realxcoins\"><em>Twitter<\/em><\/a><em>, <\/em><a href=\"https:\/\/www.instagram.com\/xcoins.hq\/\"><em>Instagram<\/em><\/a><em>, and <\/em><a href=\"https:\/\/www.linkedin.com\/company\/54161996\/\"><em>LinkedIn<\/em><\/a><em>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a dynamic week for the cryptocurrency industry, Grayscale Investments, a prominent crypto asset manager, clinched a crucial legal victory [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":10504,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[743],"tags":[],"class_list":["post-10499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-category"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.9 (Yoast SEO v27.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Spot ETF Decision Delayed, Grayscale Wins Against SEC I Xcoins<\/title>\n<meta name=\"description\" content=\"Grayscale&#039;s SEC win fuels ETF hopes, Bitcoin whales defy market dips, and crypto trading volumes face a challenging quarter.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/xcoins.com\/en\/blog\/bitcoin-has-rollercoaster-week-as-spot-etf-decision-delayed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Has Rollercoaster Week as Spot ETF Decision Delayed\" \/>\n<meta property=\"og:description\" content=\"Grayscale&#039;s SEC win fuels ETF hopes, Bitcoin whales defy market dips, and crypto trading volumes face a challenging quarter.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/xcoins.com\/en\/blog\/bitcoin-has-rollercoaster-week-as-spot-etf-decision-delayed\/\" \/>\n<meta property=\"og:site_name\" content=\"Xcoins\u2122 Official\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/xcoinsofficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-04T11:16:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-17T14:59:54+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/xcoins.com\/wp-content\/uploads\/2023\/09\/bitcoin-arrows-fixed-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"627\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Manu Prieto\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@realxcoins\" \/>\n<meta name=\"twitter:site\" content=\"@realxcoins\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Manu Prieto\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/xcoins.com\\\/en\\\/blog\\\/bitcoin-has-rollercoaster-week-as-spot-etf-decision-delayed\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/xcoins.com\\\/en\\\/blog\\\/bitcoin-has-rollercoaster-week-as-spot-etf-decision-delayed\\\/\"},\"author\":{\"name\":\"Manu Prieto\",\"@id\":\"https:\\\/\\\/xcoins.com\\\/en\\\/#\\\/schema\\\/person\\\/c1b32f7c5176e8b2b1bd8986fbfa05d9\"},\"headline\":\"Bitcoin Has Rollercoaster Week as Spot ETF Decision Delayed\",\"datePublished\":\"2023-09-04T11:16:10+00:00\",\"dateModified\":\"2025-05-17T14:59:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/xcoins.com\\\/en\\\/blog\\\/bitcoin-has-rollercoaster-week-as-spot-etf-decision-delayed\\\/\"},\"wordCount\":1133,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/xcoins.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/xcoins.com\\\/en\\\/blog\\\/bitcoin-has-rollercoaster-week-as-spot-etf-decision-delayed\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/xcoins.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/bitcoin-arrows-fixed-1.jpg\",\"articleSection\":[\"Bitcoin\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/xcoins.com\\\/en\\\/blog\\\/bitcoin-has-rollercoaster-week-as-spot-etf-decision-delayed\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/xcoins.com\\\/en\\\/blog\\\/bitcoin-has-rollercoaster-week-as-spot-etf-decision-delayed\\\/\",\"url\":\"https:\\\/\\\/xcoins.com\\\/en\\\/blog\\\/bitcoin-has-rollercoaster-week-as-spot-etf-decision-delayed\\\/\",\"name\":\"Spot ETF Decision Delayed, Grayscale Wins Against SEC I Xcoins\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/xcoins.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/xcoins.com\\\/en\\\/blog\\\/bitcoin-has-rollercoaster-week-as-spot-etf-decision-delayed\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/xcoins.com\\\/en\\\/blog\\\/bitcoin-has-rollercoaster-week-as-spot-etf-decision-delayed\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/xcoins.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/bitcoin-arrows-fixed-1.jpg\",\"datePublished\":\"2023-09-04T11:16:10+00:00\",\"dateModified\":\"2025-05-17T14:59:54+00:00\",\"description\":\"Grayscale's SEC win fuels ETF hopes, Bitcoin whales defy market dips, and crypto trading volumes face a challenging quarter.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/xcoins.com\\\/en\\\/blog\\\/bitcoin-has-rollercoaster-week-as-spot-etf-decision-delayed\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/xcoins.com\\\/en\\\/blog\\\/bitcoin-has-rollercoaster-week-as-spot-etf-decision-delayed\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/xcoins.com\\\/en\\\/blog\\\/bitcoin-has-rollercoaster-week-as-spot-etf-decision-delayed\\\/#primaryimage\",\"url\":\"https:\\\/\\\/xcoins.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/bitcoin-arrows-fixed-1.jpg\",\"contentUrl\":\"https:\\\/\\\/xcoins.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/bitcoin-arrows-fixed-1.jpg\",\"width\":1200,\"height\":627,\"caption\":\"xcoins\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/xcoins.com\\\/en\\\/blog\\\/bitcoin-has-rollercoaster-week-as-spot-etf-decision-delayed\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/xcoins.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Has Rollercoaster Week as Spot ETF Decision Delayed\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/xcoins.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/xcoins.com\\\/en\\\/\",\"name\":\"Xcoins\u2122 Official\",\"description\":\"Buy and Sell Crypto Instantly\",\"publisher\":{\"@id\":\"https:\\\/\\\/xcoins.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/xcoins.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/xcoins.com\\\/en\\\/#organization\",\"name\":\"xcoins.com\",\"url\":\"https:\\\/\\\/xcoins.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/xcoins.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/xcoins.com\\\/wp-content\\\/uploads\\\/2022\\\/01\\\/xcoins-logo.png\",\"contentUrl\":\"https:\\\/\\\/xcoins.com\\\/wp-content\\\/uploads\\\/2022\\\/01\\\/xcoins-logo.png\",\"width\":559,\"height\":559,\"caption\":\"xcoins.com\"},\"image\":{\"@id\":\"https:\\\/\\\/xcoins.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/xcoinsofficial\\\/\",\"https:\\\/\\\/x.com\\\/realxcoins\",\"https:\\\/\\\/www.instagram.com\\\/xcoins.hq\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/realxcoins\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/xcoins.com\\\/en\\\/#\\\/schema\\\/person\\\/c1b32f7c5176e8b2b1bd8986fbfa05d9\",\"name\":\"Manu Prieto\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/822c502881c7aed8e4cdc0bdc1e3a607d2849abe6563a31480d1806894a600d3?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/822c502881c7aed8e4cdc0bdc1e3a607d2849abe6563a31480d1806894a600d3?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/822c502881c7aed8e4cdc0bdc1e3a607d2849abe6563a31480d1806894a600d3?s=96&d=mm&r=g\",\"caption\":\"Manu Prieto\"},\"description\":\"Crypto and Payments enthusiast who has dedicated over 20 years to studying financial markets and technical analysis. Technology is my profession and investment is my passion.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/manuel-prieto-hernandez-beng-bsc-mba-5525889\\\/\"]}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Spot ETF Decision Delayed, Grayscale Wins Against SEC I Xcoins","description":"Grayscale's SEC win fuels ETF hopes, Bitcoin whales defy market dips, and crypto trading volumes face a challenging quarter.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/xcoins.com\/en\/blog\/bitcoin-has-rollercoaster-week-as-spot-etf-decision-delayed\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Has Rollercoaster Week as Spot ETF Decision Delayed","og_description":"Grayscale's SEC win fuels ETF hopes, Bitcoin whales defy market dips, and crypto trading volumes face a challenging quarter.","og_url":"https:\/\/xcoins.com\/en\/blog\/bitcoin-has-rollercoaster-week-as-spot-etf-decision-delayed\/","og_site_name":"Xcoins\u2122 Official","article_publisher":"https:\/\/www.facebook.com\/xcoinsofficial\/","article_published_time":"2023-09-04T11:16:10+00:00","article_modified_time":"2025-05-17T14:59:54+00:00","og_image":[{"width":1200,"height":627,"url":"http:\/\/xcoins.com\/wp-content\/uploads\/2023\/09\/bitcoin-arrows-fixed-1.jpg","type":"image\/jpeg"}],"author":"Manu Prieto","twitter_card":"summary_large_image","twitter_creator":"@realxcoins","twitter_site":"@realxcoins","twitter_misc":{"Written by":"Manu Prieto","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/xcoins.com\/en\/blog\/bitcoin-has-rollercoaster-week-as-spot-etf-decision-delayed\/#article","isPartOf":{"@id":"https:\/\/xcoins.com\/en\/blog\/bitcoin-has-rollercoaster-week-as-spot-etf-decision-delayed\/"},"author":{"name":"Manu Prieto","@id":"https:\/\/xcoins.com\/en\/#\/schema\/person\/c1b32f7c5176e8b2b1bd8986fbfa05d9"},"headline":"Bitcoin Has Rollercoaster Week as Spot ETF Decision Delayed","datePublished":"2023-09-04T11:16:10+00:00","dateModified":"2025-05-17T14:59:54+00:00","mainEntityOfPage":{"@id":"https:\/\/xcoins.com\/en\/blog\/bitcoin-has-rollercoaster-week-as-spot-etf-decision-delayed\/"},"wordCount":1133,"commentCount":0,"publisher":{"@id":"https:\/\/xcoins.com\/en\/#organization"},"image":{"@id":"https:\/\/xcoins.com\/en\/blog\/bitcoin-has-rollercoaster-week-as-spot-etf-decision-delayed\/#primaryimage"},"thumbnailUrl":"https:\/\/xcoins.com\/wp-content\/uploads\/2023\/09\/bitcoin-arrows-fixed-1.jpg","articleSection":["Bitcoin"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/xcoins.com\/en\/blog\/bitcoin-has-rollercoaster-week-as-spot-etf-decision-delayed\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/xcoins.com\/en\/blog\/bitcoin-has-rollercoaster-week-as-spot-etf-decision-delayed\/","url":"https:\/\/xcoins.com\/en\/blog\/bitcoin-has-rollercoaster-week-as-spot-etf-decision-delayed\/","name":"Spot ETF Decision Delayed, Grayscale Wins Against SEC I Xcoins","isPartOf":{"@id":"https:\/\/xcoins.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/xcoins.com\/en\/blog\/bitcoin-has-rollercoaster-week-as-spot-etf-decision-delayed\/#primaryimage"},"image":{"@id":"https:\/\/xcoins.com\/en\/blog\/bitcoin-has-rollercoaster-week-as-spot-etf-decision-delayed\/#primaryimage"},"thumbnailUrl":"https:\/\/xcoins.com\/wp-content\/uploads\/2023\/09\/bitcoin-arrows-fixed-1.jpg","datePublished":"2023-09-04T11:16:10+00:00","dateModified":"2025-05-17T14:59:54+00:00","description":"Grayscale's SEC win fuels ETF hopes, Bitcoin whales defy market dips, and crypto trading volumes face a challenging quarter.","breadcrumb":{"@id":"https:\/\/xcoins.com\/en\/blog\/bitcoin-has-rollercoaster-week-as-spot-etf-decision-delayed\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/xcoins.com\/en\/blog\/bitcoin-has-rollercoaster-week-as-spot-etf-decision-delayed\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/xcoins.com\/en\/blog\/bitcoin-has-rollercoaster-week-as-spot-etf-decision-delayed\/#primaryimage","url":"https:\/\/xcoins.com\/wp-content\/uploads\/2023\/09\/bitcoin-arrows-fixed-1.jpg","contentUrl":"https:\/\/xcoins.com\/wp-content\/uploads\/2023\/09\/bitcoin-arrows-fixed-1.jpg","width":1200,"height":627,"caption":"xcoins"},{"@type":"BreadcrumbList","@id":"https:\/\/xcoins.com\/en\/blog\/bitcoin-has-rollercoaster-week-as-spot-etf-decision-delayed\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/xcoins.com\/en\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Has Rollercoaster Week as Spot ETF Decision Delayed"}]},{"@type":"WebSite","@id":"https:\/\/xcoins.com\/en\/#website","url":"https:\/\/xcoins.com\/en\/","name":"Xcoins\u2122 Official","description":"Buy and Sell Crypto Instantly","publisher":{"@id":"https:\/\/xcoins.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/xcoins.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/xcoins.com\/en\/#organization","name":"xcoins.com","url":"https:\/\/xcoins.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/xcoins.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/xcoins.com\/wp-content\/uploads\/2022\/01\/xcoins-logo.png","contentUrl":"https:\/\/xcoins.com\/wp-content\/uploads\/2022\/01\/xcoins-logo.png","width":559,"height":559,"caption":"xcoins.com"},"image":{"@id":"https:\/\/xcoins.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/xcoinsofficial\/","https:\/\/x.com\/realxcoins","https:\/\/www.instagram.com\/xcoins.hq\/","https:\/\/www.linkedin.com\/company\/realxcoins\/"]},{"@type":"Person","@id":"https:\/\/xcoins.com\/en\/#\/schema\/person\/c1b32f7c5176e8b2b1bd8986fbfa05d9","name":"Manu Prieto","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/822c502881c7aed8e4cdc0bdc1e3a607d2849abe6563a31480d1806894a600d3?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/822c502881c7aed8e4cdc0bdc1e3a607d2849abe6563a31480d1806894a600d3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/822c502881c7aed8e4cdc0bdc1e3a607d2849abe6563a31480d1806894a600d3?s=96&d=mm&r=g","caption":"Manu Prieto"},"description":"Crypto and Payments enthusiast who has dedicated over 20 years to studying financial markets and technical analysis. Technology is my profession and investment is my passion.","sameAs":["https:\/\/www.linkedin.com\/in\/manuel-prieto-hernandez-beng-bsc-mba-5525889\/"]}]}},"_links":{"self":[{"href":"https:\/\/xcoins.com\/en\/wp-json\/wp\/v2\/posts\/10499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xcoins.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xcoins.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xcoins.com\/en\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/xcoins.com\/en\/wp-json\/wp\/v2\/comments?post=10499"}],"version-history":[{"count":0,"href":"https:\/\/xcoins.com\/en\/wp-json\/wp\/v2\/posts\/10499\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xcoins.com\/en\/wp-json\/wp\/v2\/media\/10504"}],"wp:attachment":[{"href":"https:\/\/xcoins.com\/en\/wp-json\/wp\/v2\/media?parent=10499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xcoins.com\/en\/wp-json\/wp\/v2\/categories?post=10499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xcoins.com\/en\/wp-json\/wp\/v2\/tags?post=10499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}