The SEC has sought for comments to “address the sufficiency of the Exchange’s statements in support of the proposal, which are set forth in the Notice.”
Though the crypto community doesn’t have a single opinion about the future of the market, some experts believe that BTC will go up.
SEC Commissioner Hester Peirce explained that the agency might reconsider its decision as the ruling was originally drafted by SEC staff members on behalf of the leadership.
SEC says that the insufficient volumes of Bitcoin Futures don’t satisfy the agency’s rules to prevent fraud and manipulation.
Bitcoin declines by over 6% in the last 24-hours while the overall cryptocurrency markets lost over $20 billion.
The CBOE Bitcoin ETF will allow for over-the-counter (OTC) trading for accredited investors while providing them with complete security and insurance.
The Dutch Flow Traders is expanding its trading products to exchange-traded notes (ETNs) based on Bitcoin and Ethereum.
Bitcoin is predicted to reach new heights until the end of 2018 given the emergence of cryptocurrency ETFs and the growth of institutional investment.
The new blockchain ETF is looking to provide investors with an exposure to companies operating within the rapidly developing blockchain industry.
The service will allow traders to create funds quickly and cost-effectively and provide a convenient tool for investment to private investors.