The SEC seeks advice of organizations and officials related to the approval of the Winklevoss twins’ Bitcoin ETF to get independent insight.
After long months of waiting for the decision from the SEC, Bitwise has withdrawn its Bitcoin ETF proposal.
Bitwise has sent a new letter to the United States Securities and Exchange Commission expressing its Bitcoin ETF commitment and addressing market manipulation concerns from the SEC.
The United States Securities and Exchange Commission (SEC) postponed its decision on a Bitcoin ETF proposed by Wilshire Phoenix till February 26th, 2020.
The BNY Mellon has officially joined the Marco Polo trade finance consortium intending to onboard clients if the network’s capabilities fit the client’s interests to enhance its trade finance business.
The United States Securities and Exchange Commission (SEC), has published an official document describing its ruling on the application for a Bitcoin exchange-traded fund (ETF), filed by Bitwise Asset Management and NYSE Arca.
Ahead of the SEC’s Bitcoin ETF deadline, Bitwise’s director is optimistic for a positive ruling. According to him, the market has grown significantly, making it stable enough to allay the SEC’s fears.
The US Securities and Exchange Commission (SEC) has delayed its final verdict on the Bitcoin exchange-traded fund (ETF) that is backed by investment firm Wilshire Phoenix. The rule change proposal is currently being evaluated.
SEC Chairman Jay Clayton said that it will take a while before there is proper regulation for Bitcoin and other cryptocurrencies, and that has to happen before major exchanges can begin to list them.
The VanEck Solid Bitcoin Trust decided to withdraw its Bitcoin ETF proposal filed earlier this year on January 30, 2019. The withdrawal comes just a month before SEC’s final deadline of the verdict.
The VanEck’s Limited Bitcoin ETF has proved unimpressive so far with only 4 BTC tokens issued. Some crypto experts have also slammed VanEck for its marketing gimmick saying the product is nowhere close to real ETF.