Tag Archives: etf

Newsflash: SEC Slaps Down Two NYSE Bitcoin ETF Proposals

Newsflash: SEC Slaps Down Two NYSE Bitcoin ETF Proposals

The U.S. Securities and Exchange Commission (SEC) on Wednesday denied two more bitcoin ETF applications, continuing its stance of hostility toward the much-anticipated cryptocurrency investment products. Those proposals, filed by NYSE Arca, sought to list bitcoin ETFs from fund providers ProShares and Direxion. These particular ETFs would not have held physical bitcoin but rather would have traded in the bitcoin […]

SEC Faces Thursday Deadline for ProShares Bitcoin ETF Decision

SEC Faces Thursday Deadline for ProShares Bitcoin ETF Decision

Less than a month after delaying a decision on a bitcoin-based exchange-traded fund (ETF), the U.S. Securities and Exchange Commission (SEC) is poised to approve or disapprove another pair of proposed ETFs. Officials at the U.S. securities regulator are set to make a decision on the ProShares Bitcoin ETF and the ProShares Short Bitcoin 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 […]