The group of four crypto exchanges, including Gemini, are teaming up to establish a self-regulatory organization in order to develop new industry standards.
The wealth managing firm believes that SEC will take all its time it can, instead of falling for the market euphoria, and extend the decision till March 2019.
Here is a look at the latest developments and expert opinions on Bitcoin, the cryptocurrency market regulations and the arrival of Bitcoin ETF.
The optimism surrounding the arrival of Bitcoin ETF continues to grow further as VanEck explains the merit of ETF product and how it can reduce market manipulation.
The widely discussed rejection was not unanimous. Hester Peirce, the SEC Commissioner who voted for the Winklevoss initiative, published an official dissent to the disapproval. The strong reasoning in favor of Bitcoin ETFs may cast doubts among supporters of the Commission’s decision.
Bitcoin easily recovered after the SEC clogged more-than-three-year efforts of investors Cameron and Tyler Winklevoss to bring the Bitcoin ETF to market.
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.
The analysts underlined that there is no particular reason for the SEC disapproval, it is just a mixture of fear, uncertainty and doubt that can make the approval process difficult.
Although the Winklevoss Bitcoin Trust was initially listed on Nasdaq, Winklevoss brothers have decided to change it to BATS Global Markets.