SEC Receives 84% Negative Feedback on Application

The SEC received just seven comment letters from the public in response to a solicitation for feedback it had requested in February 2019. Of those, six urged the agency to reject the application. (That’s around 84%.) The industry’s enthusiasm for a Bitcoin ETF (exchange-traded fund) appears to be waning — if you judge that by …

A Bitcoin ETF is ‘Virtually Certain’, Only Matter of time for SEC Approval: Wall Street Advisor

The prospect of a Bitcoin ETF is ‘virtually certain’ according to finance manager Ric Edelman, who is confident that either VanEck or Bitwise will satisfy the demands of the SEC. The founder of Edelman Financial Engines told CNBC’s Bob Pisani on Monday’s ETF Edge: “It’s virtually certain. The only question is when. And I don’t …

Hopeful US SEC Chief Says Approval Only a Matter of Time

A Bitcoin ETF is on its way – really. This according to a U.S. Securities and Exchange Commissioner who thinks a Bitcoin ETF will eventually become a reality. Commissioner Robert J Jackson Jr. expressed optimism about a Bitcoin ETF being on the horizon during an interview with Congressional Quarterly. It wasn’t slated to be made …

VanEck Unfazed by Shutdown’s Impact on Bitcoin ETF Application

VanEck isn’t fazed by the government shutdown, which some have feared could throw a wrench into the bitcoin ETF approval process. | Source: Shutterstock By CCN.com: Investment manager VanEck remains confident about its bitcoin ETF application, despite the US government shutdown. Why? Because the firm believes it has laid a robust foundation for the VanEck/SolidX Bitcoin ETF …

No Bitcoin ETF Before Important Changes to BTC Markets: SEC Chairman

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. SEC Chairman Jay Clayton has claimed that bitcoin exchanges lack sufficient transparency and monitoring for the market to see approved Bitcoin Exchange Traded Funds (ETFs). According to CNBC, at the Consensus …

Does Bank of America’s Crypto Custody Show Irrelevance of Bitcoin ETF?

This week, $312 billion Bank of America (BoA) filed a patent to offer crypto custody, targeting large-scale institutional investors and retail traders. Some experts have said that the efforts of major financial institutions to create institutional products around cryptocurrencies will bolster the adoption of crypto in US markets, which will naturally lead to other publicly …

There’s Still No Bitcoin ETF, But Investors Just Got a Consolation Prize

The long-anticipated bitcoin ETF has yet to materialize, but American investors seeking to gain exposure to the flagship cryptocurrency through their standard brokerage accounts now have a consolation prize. Bloomberg reports that Bitcoin Tracker One, an exchange-traded note (ETN) that has been listed on Nasdaq Stockholm since 2015, can now be traded in U.S. brokerage …

Van Eck Responds to SEC’s Bitcoin ETF Concerns In New Letter

Money management firm VanEck has responded to the SEC’s concerns over bitcoin exchange-traded funds (bitcoin ETF) in a letter to the regulator made public on the agency’s website. Addressed to Dalia Blass, director of the SEC’s division of investment management, the letter tackles the five points of order from the SEC’s previous communication with the …

What Experts Think about a Possible Bitcoin ETF

Since 2017, SEC has turned down at least three bitcoin ETF applications (including the Winklevoss twins on two occasions) from different groups citing specific reasons for such denials. This has not stopped the surfacing of new applications. Just last month three groups that have been turned down before (CBOE, VanEcK and SolidX) returned with revised …