The Securities and Exchange Commission has denied a request to launch the Winklevoss Bitcoin Trust ETF, prompting bitcoin price to fall by 35% within a day.
According to Grayscale, the only way to eliminate SEC’s unequal treatment of BTC ETPs is “to allow proposed spot bitcoin ETPs like Grayscale’s to begin trading”.
American lawyer Jake Chervinsky explains that despite the U.S. shut down the SEC has provision to act on VanEck Bitcoin ETF. However, ETF executives remain confident.
Even though last week a lot of sources were reporting about Japan’s approving Bitcoin ETFs as an alternative to Bitcoin futures, it seems that this will not be the case after all.
On December 17th, 2017 the price of Bitcoin neared $20,000. Optimists hoped that was just the beginning. They were right: that was the beginning.. but maybe the beginning of end? Check out how BTC performed in 2018 and what is likely to hide in 2019.
Speaking at the Consensus: Invest conference, Clayton said that exchanges need to employ better surveillance tools to prevent market manipulation on its platform.
BlackRock’s Larry Fink showed that he is eager to believe in the potential of crypto. According to him, cryptos could one day be seen as a good way to store wealth, but not necessarily now.
The CBOE Bitcoin proponents argue that SEC has been shifting goal posts while questioning about the lack of “significant” market size for Bitcoin derivatives.
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.”
The data also show a consistent drop in the ‘HODL’ frequency, while on the other hand there a growing ‘REKT’ frequency.
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.