As the recent news has it, the SEC rejected the last application for a Bitcoin exchange-traded fund it had to review. There are no more applications pending, and it seems the Commission isn’t going to make Bitcoin ETFs happen, at least soon.
1 What is an ETF? An ETF (Exchange-Traded Fund) is an index fund traded on stock exchanges. An ETF is a type of security that acts as a certificate for a portfolio of stocks, bonds, commodities, or cryptocurrencies. The price of this security follows an index based on certain base assets. In the US ETFs […]
A majority of Bitcoin trading volume is artificially created by unregulated exchanges, according to a Bitwise Asset Management report.
The U.S. Securities and Exchange Commission (SEC) has announced it is starting to review a rule change proposal filed by NYSE Arca and Bitwise Asset Management in regard to launch of a Bitcoin exchange-traded fund (ETF).
The U.S. Securities and Exchange Commission (SEC) has once again delayed its decision on VanEck/Solid X backed exchange-traded fund (ETF).
The U.S. Securities and Exchange Commission (SEC) issued an “Order of Suspension of Trading” for Bitcoin Tracker One (“CXBTF”) and Ether Tracker One (“CETHF”) issued by Swedish company XBT Provider AB.
Leading U.S. cryptocurrency exchange Coinbase is reportedly exploring launch of a crypto ETF and has sought the expertise of BlackRock, the world’s largest asset manager.
The U.S. Securities and Exchange Commission said on Thursday, August 23, it will review a decision by its staff to block nine Bitcoin-based exchange-traded funds (ETFs) from coming to market.
The U.S. Securities and Exchange Commission has again disapproved several proposals for a Bitcoin ETF. The latest rejection involves two ETFs filed by ProShares that would track Bitcoin futures contracts, another from GraniteShares, and five leveraged and inverse ETFs from Direxion.
The U.S. SEC’s final deadline to approve or deny the two ProShares Bitcoin ETFs is on 23 August 2018, and unlike the regulator’s earlier decision to delay a ruling for the Cboe’s VanEck/SolidX bitcoin ETF, this rule change proposal – filed by ProShares in conjunction with NYSE Arca – cannot be postponed any further.
An exchange traded note (ETN) that tracks Bitcoin and targets U.S. investors is now listed on the Nasdaq Stockholm exchange. As Bloomberg reported Wednesday, August 15, the product dubbed Bitcoin Tracker One is now being quoted in USD under the ticker CXBTF.
While many commentators believe a regulatory approved Bitcoin exchange-traded fund (ETF) could boost prices of the largest cryptocurrency, blockchain pioneer Nick Szabo says it might cause more problems than it’s actually worth.