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Ethereum Community Buzzed with Trustless Agents (ERC-8004) Discussion

by admin August 19, 2025

The Ethereum community is currently abuzz with the emergence and discussions around a new standard ERC-8004, dubbed Trustless Agents. This newly unveiled development promises to revolutionize the interaction of autonomous AI agents in a trustless environment like Ethereum Network.

Introduced by Davide Crapis, the Trustless Agents standard builds on the Agent-to-Agent (A2A) protocol and has sparked a flurry of discussions within Ethereum developers, researchers, and blockchain enthusiasts weighing in on its potential to shape a decentralized AI economy.

“This standard extends the Agent‑to‑Agent (A2A) protocol with a trust layer that allows participants to discover, choose, and interact with agents across organizational boundaries without pre‑existing trust,” Crapis stated in a latest Ethereum Magicians post,” adding, “It introduces three lightweight, on‑chain registries—Identity, Reputation, and Validation—and leaves application‑specific logic to off‑chain components.”

Crapis said that while this proposed ERC goes for public discussion, his team will work closely with the Linux Foundation and A2A ecosystem stakeholders to make it efficient and improve its specifications.

The proposal positions Ethereum as a critical substrate for AI, not for running models directly but for providing a secure, tamper-proof ledger that no single corporation or government can alter. This vision contrasts sharply with reliance on centralized platforms like Google APIs or proprietary databases, a concern amplified by growing distrust in corporate data control.

What Exactly are ERC-8004 and Trustless Agents

From the technical perspective, ERC-8004 is currently a proposed smart-contract standard on Ethereum. It can simply be understood with the approach of NFT smart contracts, which follows ERC-721 Ethereum standard. For simple tokens, ERC-20 is the most commonly used standard.

The proposed ERC-8004 standard extends the A2A protocol—an open infrastructure developed by Google in collaboration with 50+ partners—by introducing a trust layer that enables AI agents to discover, choose, and interact across organizational boundaries.

It leverages three lightweight on-chain registries: Identity, Reputation, and Validation. These registries provide a verifiable anchor for agent identity, an immutable record of behavior, and proofs of action, respectively, while leaving application-specific logic to off-chain components.

Scope for the Trustless Agents

Explaining the importance of Trustless Agents, an anonymous member of the Ethereum Foundation, Binji stated that ERC-8004 could serve as the backbone of a “machine economy,” where millions of autonomous agents operate. They can transact, negotiate, and form coalitions—potentially even decentralized autonomous organizations (DAOs).

ethereum is SERIOUSLY gearing up for ai. (erc-8004) by @DavideCrapis just dropped, it’s called “trustless agents” and here’s what you need to know:

but first:

you can think of ethereum as an important substrate for ai, not necessarily because it can run all the models, but… pic.twitter.com/cxP8OR1CTB

— binji (@binji_x) August 18, 2025

“This is a practical ERC that can be used and iterated on in the wild; the specifics can stay offchain, but the skeleton of trust lives on ethereum,” Binji wrote.

While the demand for AI infrastructure is rising, Trustless Agents could gain significant traction. It sits on the intersection of both the emerging sectors—decentralized technologies and artificial intelligence—which are rising trends across a number of innovations.

The Road Ahead

As ERC-8004 undergoes public discussion, developers are working closely with the Linux Foundation—which is hosting the A2A protocol—and A2A team to refine the specification. With Ethereum Layer 2 solutions addressing scalability hurdles, the standard could lay the foundation for a sci-fi future where AI agents operate autonomously on a decentralized trust layer.

If passed for implementation, ERC-8004 could reshape Ethereum’s role as a decentralized infrastructure provider. For now, the Ethereum community remains cautiously optimistic, with many viewing ERC-8004 as a critical step toward a decentralized AI economy.

Also Read: Ethereum Maxis Distressed as Validator Exit Queue Hits Record 910k ETH

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August 19, 2025 0 comments

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Bitcoin Bull Run Finished? $172 Million Mystery Whale Thinks Opposite

by admin August 19, 2025

The past few days have been rough for Bitcoin (BTC) on the chart. The price dropped back to the $115,000 range after not being able to hold its August high of $123,000. But looking at Onchain Lens records, it seems someone is secretly building one of the biggest positions seen this month.

One wallet connected to FalconX inflows has been getting Bitcoin at a rate that looks more like a calculated plan than just chance. Just yesterday, it received 300 BTC, which is almost $35 million. That brings its total for the last 30 days to over 1,500 BTC, which is about $176 million.

So, is bull run unfinished?

The timing of these transfers — which are happening at the same time as prices are dropping — suggests that someone is willing to take the other side of the market when sentiment is thinning out.

U.K. 30-Year Yield Tops U.S. as Pressure Mounts on Government Borrowing

by admin August 19, 2025

The U.K.’s fragile fiscal situation is back in focus as yields on long-term government bonds surged, topping their U.S. counterparts for the first time this century.

The 30-year U.K. government bond offered a yield of 5.61% at press time. That’s 68 basis points more than the 30-year U.S. Treasury yield according to data source TradingView.

The widening gap means that the market is demanding a significant premium to hold U.K. debt versus Treasury notes, a sign that investors are becoming increasingly wary about the U.K.’s fiscal situation.

The U.K. gilt market (bond market) has taken on a life of its own, as the country faces structural, long-term economic challenges that it has built up over decades; yet, this is not a uniquely British issue. Japan, the EU, and the U.S. have also seen bond yields rise as debt burdens and inflation pressures mount.

This indebtedness of the advanced world supports the bullish case for perceived store-of-value assets like bitcoin

and gold.

Focus on U.K. inflation report

Wednesday’s U.K. inflation report is critical for bond markets.

The data is expected to show that both the headline consumer price index (CPI) and core CPI remained well above the 2% target in July, according to data source Trading Economics. The headline CPI is expected to be 3.7% year-over-year (up from the previous 3.6%), while core inflation is forecast to remain at 3.7% (unchanged from the prior month). The data will hit the wires just weeks after the Bank of England cut rates to 4%.

Expectations for sticky inflation couldn’t have come at a worse time, as the GDP growth has weakened and unemployment has begun to edge higher from secular lows.

Repeat of 2022 crisis?

A hot inflation report could only worsen the debt-bond dynamics by accelerating the uptrend in yields. This calls for both crypto and traditional market traders to remain vigilant for a 2022-style volatility in the U.K. markets.

The hardening of the 30-year gilt yield, representing the long end of the curve, played a big role in the liability-driven investment (LDI) pension crisis of 2022, which erupted under Liz Truss. The longer duration yield is now testing the upper bound of a long-term trend and could rise to 5.7%, the highest level since May 1998.

LDI strategies use leverage to hedge pension liabilities. When gilt yields spiked in 2022, collateral calls led to a mass sale of gilts, creating a feedback loop that threatened financial stability. That prompted the Bank of England to intervene with emergency purchases to prevent a systemic crisis.

If Wednesday’s inflation report runs hotter than expected, gilt yields could break new highs, putting further pressure on the government and raising the risk of another LDI-style crisis.

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August 19, 2025 0 comments

GameFi Guides

3 Crypto IPOs In The Pipeline Post Circle (CRLC) And Bullish (BLSH) Stellar Debut

by admin August 19, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The recent surge in interest and adoption of digital assets has catalyzed a shift in the financial landscape, leading to a wave of successful crypto initial public offerings (IPOs). With three notable debuts on the horizon, the trend is gaining traction, driven by the impressive performance of recent market entrants.

Crypto IPO Boom

In the past few months, Circle (CRCL), the issuer of the USDC stablecoin, and Bullish (BLSH), a crypto exchange backed by Peter Thiel, have both experienced significant demand, resulting in substantial increases in their stock prices.

This resurgence follows the earlier successes of Coinbase (COIN) and Robinhood (HOOD), which have seen their shares spike nearly 500% and 60%, respectively, over the past year.

In addition, the recent market rally which saw Bitcoin (BTC) reached a new record price beyond $124,000, has created a sense of urgency among crypto and fintech operators, as highlighted by a report from The Street, which noted a growing fear of missing out (FOMO) in the sector.

This renewed interest is further buoyed by favorable pro-crypto policies emerging from the US and President Donald Trump’s vision of making the country the “crypto capital of the world,” alongside rising prices. As a result, numerous firms are now vying for a spot on Wall Street.

Grayscale, Gemini, And BitGo

One of the frontrunners in this wave is asset manager and crypto exchange-traded fund (ETF) issuer Grayscale. Known for its role in bringing crypto investments to mainstream finance through its Grayscale Bitcoin Trust and Grayscale Ethereum Trust, the firm manages over $33 billion in assets.

With plans to capitalize on its robust management fee revenue, Grayscale has confidentially filed for an initial public offering, marking an important step in its ongoing journey in the digital asset space.

Next in line is Gemini, the cryptocurrency exchange founded by the Winklevoss twins. After a decade of attempting to launch a Bitcoin fund, the twins pivoted to establishing their own exchange, which has since become one of the largest in the market.

With crypto demand on the rise, Gemini aims to leverage its strong market position by filing for an IPO, seeking to reflect the valuation it achieved during a funding round in November 2021, which was around $7.1 billion.

BitGo, a major player in crypto custody, is also preparing to join the ranks of firms seeking to go public. Custodying over $100 billion in assets, BitGo has positioned itself as a key service provider for exchanges, asset managers, and other businesses, offering a range of services including staking and trading.

The firm’s substantial growth in assets suggests it is ready for a larger presence in the market, although further details will emerge once its confidential IPO filing becomes public.

The recent success of Circle and Bullish underscores the potential for crypto IPOs. Both companies saw their stock prices soar upon debut, with Bullish’s shares opening at $90—a 143% increase from its IPO price—and Circle’s stock launching at $69, reflecting a 168% rise from its initial offering of $31.

The hourly chart shows CRLC’s valuation trending downwards. Source: CRCL on TradingView.com

However, it’s worth noting that Circle’s stock has since seen a significant decline, dropping more than 50% toward its current valuation of $147, from its peak of $298 reached in June. BLSH on the other hand trades at $64, representing a 45% drop from its $117 record.

Featured image from DALL-E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

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August 19, 2025 0 comments

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Solo Bitcoin Miner Beats the Odds, Scoring $365K BTC Jackpot

by admin August 19, 2025

In brief

A solo Bitcoin miner solved a block on Sunday—a rare feat these days.
The independent miner took home around $365,000 in rewards and fees.
Mining Bitcoin is a cutthroat industry; even the major players face challenges.

An independent Bitcoin miner hit the jackpot Sunday, outgunning the top mining operations that typically solve blocks on the leading cryptocurrency’s network.

A solo miner solved block 910,440 of the Bitcoin blockchain, bagging a 3.137 BTC reward—worth approximately $365,000 at current prices.

The block contained 4,913 transactions and was added by a miner using Solo CKPool—a service allowing anonymous miners to get started with a mining hook-up, without the need to run their own full Bitcoin node.

Miners currently receive 3.125 BTC plus transaction fees for adding a block to the flagship digital coin’s network.

It’s worth noting that a “solo miner” is just a mining operation using an independent pool that isn’t a big brand or publicly traded company that dominates the Bitcoin mining industry, such as Foundry, MARA, or Luxor.

Decrypt previously spoke with experts in the space who denied what outspoken influencers on Crypto X sometimes proclaimed: that a “solo miner” hitting the jackpot was necessarily a small operation with little computational power, solving blocks alone.

Once upon a time, people could mine Bitcoin from their laptops. But as the network has grown and difficulty has increased, miners now typically consist of industrial operations, or warehouses full of expensive computers.

Mining the biggest cryptocurrency has grown increasingly hard due to difficulty increases and the volatile nature of the digital coin’s price. Miners often have to sell coins or branch into different industries—like AI data centers—to cover operational costs.

Bitcoin was recently trading for $116,323 per coin, down more than 1% over a 24-hour period, according to CoinGecko.

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August 19, 2025 0 comments

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Bitcoin steady at $115K as whales buy despite ETF outflows

by admin August 19, 2025

Bitcoin is holding near the $115,000 mark after a week of choppy price action, with exchange-traded fund outflows weighing on sentiment even as whale wallets quietly expand their holdings.

Summary

Bitcoin trades near $115,00, down 3% this week and 2.5% this month, sitting 7% below its all-time high.
ETF activity reversed with $121M in daily outflows.
Whales accumulated 20,000 BTC, adding to over 225,000 BTC since March, a trend often linked with price recovery.

Bitcoin (BTC) has slipped around 6% from its Aug. 14 all-time high, remaining 3% down in the past week. After a strong summer rally that propelled Bitcoin from the $97,000 range in late May to new highs in August, this pullback indicates a cooling market.

The market is still split over whether this is a healthy retracement within a larger uptrend or the beginning of a more significant correction.

ETF outflows weigh on sentiment, Ethereum dominates inflows

Data from SoSoValue shows U.S. spot Bitcoin ETFs saw $121 million in net outflows on Aug. 18, pushing monthly outflows to nearly $140 million. This contrasts sharply with Ethereum (ETH), which has attracted a record $2.83 billion in inflows in the past month.

CoinShares’ Aug. 18 report confirms this divergence, with year-to-date Ethereum inflows now reaching $11 billion, compared to $5.3 billion for Bitcoin. According to the report, investor preferences have shifted in favor of ETH exposure, particularly as expectations surrounding staking approval for Ethereum ETFs grow.

Whales accumulate as BTC price dips

Santiment’s latest on-chain data shows that wallets with 10–10,000 BTC have added over 20,000 BTC since last week’s pullback, bringing their total accumulation to over 225,000 BTC since March. Because of the historical strong correlation between this group’s movements and the direction of future prices, there has been speculation that smart money may be preparing for another leg higher.

🐳🦈 Bitcoin's key whales & sharks are continuing to accumulate after the mild dip from last week's all-time high. With prices -6.22% since August 13th, wallets with 10-10K $BTC have accumulated 20,061 more coins.
When we zoom out, this same group of key stakeholders has added… pic.twitter.com/v6YNvyRk50
— Santiment (@santimentfeed) August 18, 2025

Market analyst Rekt Capital, on an Aug. 18 X post, noted that Bitcoin is at a point in the cycle where shallow retraces historically set the stage for strong upside. In both 2017 and 2021, quick pullbacks of 25–29% acted as technical resets before fresh rallies. A similar pattern now, provided $114,000 holds as support, could mark the foundation for a new price discovery phase.

Bitcoin technical analysis

Bitcoin is below the midline of its Bollinger Bands on the 4-hour chart, indicating that there is still downward pressure. The bands are starting to tighten, which is often a sign of larger movements. Nearing oversold territory at 38, the relative strength suggests that selling pressure may be waning.

Bitcoin 4-hour chart. Credit: crypto.news

The short-term EMAs (10–30) are leaning bearish, but the 50-, 100-, and 200-day moving averages still show signs of support for the overall trend. Oscillators also exhibit divergence. The momentum and MACD show sell signals, but the Bull-Bear Power points to a potential move back toward buyers.

If whales continue to accumulate and the $114,000 support holds, Bitcoin might rise back toward the $118,000–$120,000 range. A retest of the most recent all-time high of $124,000 might be feasible if volume confirms. The 100-day and 200-day moving averages, or about $110,000 and $103,000, are the next significant supports. Failure to defend $114,000 could lead to a more severe correction.

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August 19, 2025 0 comments

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U.S. Treasury Seeks Public Input on GENIUS Stablecoin Bill

by admin August 19, 2025

The U.S. Treasury has launched a public consultation on the GENIUS Act, a new law that aims to regulate stablecoins, digital dollars with a fixed value, and improve the role of America in global digital finance.

The Treasury is seeking the input of citizens, businesses, and professionals regarding the regulation of stablecoins, including the use of artificial intelligence, blockchain surveillance, digital identity verification, and application programming interfaces (APIs).

Today, Treasury issued a Request for Comment required by the GENIUS Act, which furthers the Administration’s policy of supporting the responsible growth and use of digital assets, as outlined in President Trump’s Executive Order on “Strengthening American Leadership in Digital…

— Treasury Department (@USTreasury) August 18, 2025

These inputs will assist in evaluating the advantages, expenses, privacy threats, and cybersecurity issues of these technologies. The deadline to submit is October 17, 2025, and submissions will be published on regulations.gov.

The GENIUS Act, signed earlier this year on July 18, 2025, creates a clear framework for U.S.-based stablecoin issuers. It builds on the U.S. President Donald Trump’s Executive Order 14178, which also allowed crypto investments in 401(k) retirement plans.

Treasury Secretary Scott Bessent called the law a “win-win-win” for users, issuers, and the government, saying it will expand global access to the U.S. dollar and boost demand for U.S. Treasuries, the bonds backing stablecoins.

Implementing the GENIUS Act is essential to securing American leadership in digital assets.

Stablecoins will expand dollar access for billions across the globe and lead to a surge in demand for U.S. Treasuries, which back stablecoins.

It’s a win-win-win for everyone involved:… https://t.co/p5nRQpBfnw

— Treasury Secretary Scott Bessent (@SecScottBessent) August 18, 2025

Industry leaders have praised the move. Jeremy Allaire, CEO of Circle, a major stablecoin issuer, called it “more than financial legislation,” emphasizing that it shows the U.S. is ready to embrace innovations that make finance safer, more transparent, and inclusive.

He credited policymakers, developers, and Circle’s team for driving the effort and described the law as the “starting gun” for a new era in financial technology.

The GENIUS Act signals that the U.S. is serious about leading in digital assets. By regulating stablecoins, the law aims to make digital dollars secure for billions worldwide while encouraging technological innovation in the financial system.

Public participation now will shape how the law is implemented and how stablecoins grow globally.

Also Read: Banks call for action on GENIUS Act stablecoin yield loophole

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August 19, 2025 0 comments

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Bitcoin (BTC) Price Prediction for August 18

by admin August 19, 2025

The crypto market has changed to red at the beginning of the week, according to CoinStats.

Top coins by CoinStats

BTC/USD

The rate of Bitcoin (BTC) has fallen by 2.29% since yesterday.

Image by TradingView

On the hourly chart, the price of BTC is near the local support of $114,955. If a bounce back does not occur and the daily bar closes around that mark or below it, one can expect an ongoing downward move to the $114,000 zone.

Image by TradingView

On the longer time frame, there are no reversal signals yet. If the bar closes around the current prices and with no long wick, the decline may continue to the support of $112,000 by the end of the week.

Image by TradingView

From the midterm point of view, the price of the main crypto is declining after the previous bearish bar’s closure.

Traders Tilt Bearish on August BTC, ETH Targets as Retail Lags Institutions

by admin August 19, 2025

Good Morning, Asia. Here’s what’s making news in the markets:

Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.

As East Asia begins its trading day, BTC is trading at $116,263, down 1.1% on the day and 2% lower on the week, according to CoinDesk market data, while ETH sits at $4,322, off 3.8% in the last 24 hours but still up 2.6% weekly.

The CoinDesk 20 (CD20), an index tracking the largest crypto assets, is down 2.4%.

Polymarket odds suggest traders are bracing for weakness through the end of August. The most likely outcome for BTC is now a close below $111,000 with a 34% probability, while ETH’s highest-weighted scenario is a finish near $4,800 at 43%.

Enflux, a Singapore-based market maker, said the market is being pulled in two directions.

“The market remains caught between strong underlying institutional conviction, highlighted by Strategy Inc.’s additional 430 BTC purchase and structural financing shift, and a lack of immediate retail follow-through,” it wrote in a note to CoinDesk.

Enflux pointed to VanEck’s reiterated $180,000 year-end bitcoin target as evidence that institutions are positioning for continuation, even as retail-favored narratives such as XRP and DOGE have been capped by the SEC’s delays on ETF approvals.

Solana remains an exception, Enflux wrote, with “quiet strength” from its dominance in USDC transfers and PumpFun’s share of new token issuance.

Still, derivatives positioning shows caution.

QCP reported in a recent market update that perpetual funding rates turned negative over the weekend, a setup that preceded earlier pullbacks, and options skews now favor puts across maturities.

The result is a market that looks structurally supported at the top but tactically defensive into Thursday’s Jackson Hole symposium, where Fed Chair Jerome Powell is expected to address policy under the weight of higher-than-expected inflation and a White House that continues to challenge the Fed’s neutrality.

With crypto search interest at a four-year high and the GENIUS Act sailing through Washington, and now in the hands of regulators, the foundation for a broader rally is still being built.

But for now, prediction markets and price action suggest conviction is concentrated at the top, while flows remain selective.

(CoinDesk)

Market Movers

BTC: Bitcoin swung between $114,993 and $117,620 on August 18, with volumes far above average as traders digested Treasury Secretary Scott Bessent’s clarification that strategic reserves would be filled through budget-neutral acquisitions rather than direct government purchases as well as anticipated the upcoming Jackson Hole summit where Jerome Powell is expected to outline the case for keeping rates as is.

ETH: Ethereum fell 3% to $4,330.61 on Aug. 18 amid heavy volatility and repeated resistance near record highs, even as U.S. spot ETFs drew $3.71 billion of inflows in stark contrast to ongoing retail selling.

Gold: Gold hovered near $3,333–$3,394 an ounce Monday, rising in early U.S. trading as position-squaring set in ahead of the Fed’s Jackson Hole symposium, where Chair Jerome Powell may hint at September rate cuts, while traders also weighed U.S.-Ukraine diplomacy and broader geopolitical uncertainties shaping haven demand.

Nikkei 225: Asia-Pacific stocks mostly slipped Tuesday ahead of White House talks between Trump, Zelenskyy and European leaders, though Japan’s Nikkei 225 edged up 0.1% and the Topix was flat.

S&P 500: U.S. stocks were little changed Monday as the summer rally showed signs of fatigue ahead of Fed minutes, major retail earnings, and Jerome Powell’s Jackson Hole speech later this week.

Elsewhere in Crypto

U.S. Treasury Department Starts Work on GENIUS, Gathering Views on Illicit Activity (CoinDesk)
After Attacking Monero, Qubic Sets Its Sights on Dogecoin—Here’s Why (Decrypt)
Michael Saylor Eases Stock-Sale Limits as Bitcoin Premium Falls (Bloomberg)

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August 19, 2025 0 comments

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SEC Punts on Trump Media Bitcoin and Ethereum ETF Decision, Plus XRP and Dogecoin Funds

by admin August 19, 2025

In brief

The SEC will decide on the Truth Social Bitcoin and Ethereum ETF on October 8, likely after a rules change request from two exchanges that could shorten approval processes.
The agency delayed decisions on XRP funds from Grayscale, Bitwise, CoinShares, Canary Capital, and 21Shares.
It also pushed back deadlines on separate Dogecoin and Litecoin ETFs, and a proposal to add staking to an existing spot Ethereum ETF.

The U.S. Securities and Exchange Commission has delayed its decisions on an exchange-traded fund proposed by Donald Trump’s media and technology company to track the performance of Bitcoin and Ethereum and seven other ETFs based on single digital assets.

In a filing Monday, the regulator said that it moved its deadline back 45 days for weighing in on the Truth Social Bitcoin and Ethereum ETF to October 8.

It announced identical delays for applications filed for spot XRP funds by Grayscale, CoinShares, Canary Capital, Bitwise and 21Shares, a spot Dogecoin ETF from Grayscale, and a spot Litecoin product from CoinShares, although the dates for potential approvals of those funds vary.

It also held up resolving a request to add staking to the the 21Shares Core Ethereum ETF, which tracks the price of the second-largest cryptocurrency by market value.

The delays comes four days after the agency delayed decisions on Solana ETFs from Bitwise, 21Shares, and VanEck, and a Dogecoin fund from 21Shares.

The SEC is weighing a wave of proposals tracking cryptocurrencies. Those submissions have resulted from the dramatic success of 11 spot Bitcoin and nine Ethereum ETFs, a more favorable political environment for cryptocurrencies ushered in by the Trump administration, and growing interest by traditional finance giants who were formerly resistant to the asset.

The filings also follow roughly three weeks after two major U.S. exchanges asked the SEC to approve amendments that could significantly shorten the approval process for future crypto exchange-traded funds, automatically listing certain products without requiring case-by-case filings.

In separate filings, Cboe BZX and NYSE Arca requested changes to their listing standards that would allow certain crypto ETFs to be listed without enduring the SEC’s rigorous evaluation under Rule 19b-4, a process that requires exchanges to submit proposed rule changes. Under current guidelines, such reviews of proposed changes to funds could take 240 days.

Bloomberg Senior ETF Analyst Eric Balchunas told Decrypt that the SEC’s filings Monday were “nothing significant,” and were likely timed to follow a probable SEC green light of Cboe and NYSE’s amendments next month following the conclusion of a comments period.

“Even though it feels like ‘Isn’t this SEC supposed to approve all this stuff?’, the listing standards are out for comment,” Balchunas said. “So just in the nick of time, these listing standards should be approved. And then we’re anticipating a batch of approvals based on the listing standard starting in October.”

“So this delay feels discouraging, but it’s just a little more patience,” he added. “It’ll all happen soon.”

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August 19, 2025 0 comments