Cointelegraph bitcoin etf sec review

Post also to:. October has been a busy month in the race to register the first crypto exchange-traded fund compliant with the requirements of United States regulators. Please wait a minute before you try to comment again. Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.

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It was resubmitted at the end of the month, and a new period soon began thereafter for the registering of public comments on the prospective rule change being contemplated by the SEC. The flavor of the seven comments thus far on cointelegraph bitcoin etf sec review record offer a glimpse of what goes on behind the scenes when a new innovative idea threatens to re-shape competitive market dynamics in an industry. A response from a D. And to make inroads into this industry-changing technology, one does not need to have a financial product based on the cryptocurrency. In the past, he has expressed major concerns over price manipulation in the Bitcoin market, especially from overseas, and the lack of adequate monitoring software in the crypto exchange industry to detect such machinations.

Benefits of a Bitcoin ETF

There has been a lot of interest in bitcoin of late, due to its astronomical rise. Bitcoin was also in focus because the hackers responsible for the massive WannaCry cyber-attack wanted ransom to be paid in bitcoin and they were able to get some payments. Investors have been hoping that the SEC would approve a bitcoin ETF, which would add legitimacy to the digital currency and also provide investors a convenient way of investing and trading in the digital currency. Unlike traditional currencies, which are issued by central banks, bitcoin is a decentralized digital currency not issued by a central bank. It is more like a peer-to-peer digital payment network. Creation and transactions in bitcoin are controlled through cryptography. And, while users remain anonymous, the record of these transactions is available on the bitcoin network.

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It was resubmitted at the end of the month, and a new period soon began thereafter for the registering of public comments on the prospective rule change being contemplated by the SEC.

The flavor of the seven comments thus far on the record offer a glimpse of what goes on behind the scenes when a new innovative idea threatens to re-shape competitive market dynamics in an industry. A response from a D. And to make inroads into this industry-changing technology, one does not need to have a financial product based on the cryptocurrency. In the past, he has expressed major concerns over price manipulation in the Bitcoin market, especially from overseas, and the lack of adequate monitoring software in the crypto exchange industry to detect such machinations.

Recent cointelegraph bitcoin etf sec review has also revealed that BTC transaction volumes are primarily concentrated in the U. The SEC had said that it was troubled that international trading volumes outside of the U. The new date will be May 21, but it should also be noted that Clayton seems to be softening, as far as his previously stated concerns go.

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It’s not clear what caused the SEC to put the application into review after it was initially rejected in October.

Yahoo Finance. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. We use cookies to ensure that we give you the best experience on cointelgraph website. Securities and Exchange Commission SEC has approved an investment fund that will invest in bitcoin futures contracts. On Sept. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance coihtelegraph air their thoughts. Report this comment. The U. See Saved Items. Thank You!