Tag Archives: etf

Crypto Market Recovers to $210 Billion, Tokens Surge as Ethereum Rises 4%

Crypto Market Recovers to $210 Billion, Tokens Surge as Ethereum Rises 4%

In the past 24 hours, despite the strong downtrend of major cryptocurrencies, the crypto market demonstrated a quick recovery from this week’s losses. On August 14, as the BItcoin price dipped below the $6,000 mark, the valuation of the crypto market plummeted below the $200 billion mark. At its lowest point of this year, the […]

U.S. SEC Postpones Decision Regarding Bitcoin Exchange Traded Fund

U.S. SEC Postpones Decision Regarding Bitcoin Exchange Traded Fund

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the listing and trading of a Bitcoin exchange-traded fund (ETF) until September 30, according to an official document released by the SEC August 7. ETFs are securities that track a basket of assets proportionately represented in the fund’s shares. They are seen by some as a potential step forward for the […]

Institutional Investors and Fintech: Will Wall Street Go Head-First Into Crypto?

Institutional Investors and Fintech: Will Wall Street Go Head-First Into Crypto?

Following a breakout year for cryptocurrencies, 2018 has been extremely challenging — to say the least. With Bitcoin and numerous altcoins hitting all time highs in December, a sobering market correction followed and the markets have only started to settle midway through this year. There have been many reasons for the cryptocurrency markets being battered by bearish sentiments across the board. […]

SEC Could Approve Bitcoin ETF 18 Month Away – Says Crescent Crypto’s CEO

SEC Could Approve Bitcoin ETF 18 Month Away – Says Crescent Crypto’s CEO

Ali Hassan, co-founder, and CEO of Crescent Crypto Asset Management was interviewed by Bloomberg Markets. Upon being asked about Bitcoin ETF, Hassan was very candid in mentioning that there is a possibility of SEC approving the Bitcoin-only ETF in the next 18 months. Investor Protection a key hurdle for SEC clearance According to Hasaan, the […]

Crypto Week In Review: Nasdaq Leads Regulation Talks, Legitimizing Bitcoin

Crypto Week In Review: Nasdaq Leads Regulation Talks, Legitimizing Bitcoin

Discussion about cryptocurrency-related regulation continued into this past week, as Bitcoin took the lead, driving the market up by just under 10% overall. Winklevoss Twins’ Revised ETF Gets Shot Down By The SEC On Thursday, the announcement of the most recent verdict regarding the Winklevoss Twins’ Bitcoin ETF hit headlines all across the industry. According to a […]

Rejected: SEC Says No to Winklevoss Twins’ Bitcoin ETF Application for Second Time, BTC Price Drops Over 3.5%

Rejected: SEC Says No to Winklevoss Twins’ Bitcoin ETF Application for Second Time, BTC Price Drops Over 3.5%

On Thursday (26 July 2018), the U.S. Securities and Exchange Commission, once again, disapproved a Bats BZX Exchange application to list the Winklevoss Bitcoin ETF, causing the bitcoin price to drop (at press time) by more than 3.5% to below $8,000. The SEC says that it was not convinced that the market would have adquate surveillance. It announced its […]

Bitcoin ‘Waiting for Reasons to Go Higher’, Says Blockchain VC Partner Spencer Bogart

Bitcoin ‘Waiting for Reasons to Go Higher’, Says Blockchain VC Partner Spencer Bogart

Blockchain Capital partner Spencer Bogart compared Bitcoin (BTC) to a “tinderbox” July 26, tellingCNBC prices could grow further due to multiple “catalysts.” Speaking to CNBC’s Fast Money, Bogart, who is regular commentator on the network and on cryptocurrency social media, adopted a notably bullish tone compared to just weeks ago when Bitcoin was trading around $6,000. “Any number of catalysts could […]

Bitcoin ETFs Are So Passe: Bitwise Asset Management Wants the SEC to Approve a Multi Cryptocurrency ETF

Bitcoin ETFs Are So Passe: Bitwise Asset Management Wants the SEC to Approve a Multi Cryptocurrency ETF

On Tuesday (24 July 2018), San Francisco-based Bitwise Asset Management, a pioneer in the area of cryptoasset index funds, filed an application with the U.S. Securities and Exchange Commission (SEC) for approval of an Exchange-Traded Fund (ETF) that would track a basket of ten cryptocurrencies. The cryptoasset management firm, which was founded in 2017, currently has a “HOLD 10 Private Index Fund” (with an […]

US SEC Delays Decision on Direxion Bitcoin ETF Until September

US SEC Delays Decision on Direxion Bitcoin ETF Until September

Investment firm Direxion has had the review of its Bitcoin exchange-traded fund (ETF) application postponed until September 21. The news about the delay comes from an official document released by the U.S. Government Publishing Office July 24. An announcement from the U.S. Securities and Exchange Commission (SEC) said it was “appropriate” to delay its decision, which only affects […]