VanEck Director Hopeful Cryptocurrency ETF Will Be Approved

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A Bitcoin ETF could attract billions in new investments, says Gabor Gurbacs, director of Digital Assets Strategy at VanEck. In an interview with CNBC, he noted a VanEck product would serve as a safeguard for investors.  “What sets our ETF apart is that it’s a physical bitcoin ETF. So, it stays true to the bitcoin … Continue reading “VanEck Director Hopeful Cryptocurrency ETF Will Be Approved”

Larry Fink: BlackRock Won’t Offer Crypto ETF until Industry is Legitimate

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BlackRock CEO Larry Fink discussed his views on cryptocurrency and a crypto ETF in recent days.  Based on what he said, a BlackRock crypto ETF is not likely any time soon. CEO Larry Fink acknowledges a Big future for Cryptocurrency “I do see one day where we could have electronic trading for a currency that … Continue reading “Larry Fink: BlackRock Won’t Offer Crypto ETF until Industry is Legitimate”

US SEC to Review Nine Rejected Bitcoins ETFs Next Week

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The US SEC has set November 5th as the deadline for reviewing all ETF applications.  The commission indicated that the deadline date will give investors time to review their investments and comply with new rules.  The proposed rules will change the trading methods of exchange traded funds and Bitcoin.Additionally, the review will affect 9 ETFs … Continue reading “US SEC to Review Nine Rejected Bitcoins ETFs Next Week”

Five Key Reasons a Bitcoin ETF May be Near

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Exchange-Traded Funds (ETFs) have been one of the biggest question marks for cryptocurrency this year. The Securities Exchange Commission keeps investigating and deliberating.  And they continue to turn down proposals. However, as we start waving goodbye to 2018, things may be looking up for a crypto ETF. Why does an ETF matter? For investors, an … Continue reading “Five Key Reasons a Bitcoin ETF May be Near”

Bitcoin ETF Approval: It May be Closer than We Think

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All things considered, we believe an ETF is nearing, which could fuel quite a rally in the space. According to recent reports, VanEck SolidX group has spoken to the US SEC, highlighting five reasons for approval.    For one, “There now exists a substantial regulated derivatives market for Bitcoin.”  Two, “Worries concerning price manipulation have … Continue reading “Bitcoin ETF Approval: It May be Closer than We Think”

Bitcoin ETF: US SEC Ready to Rule in late October 2018 on Crypto Market

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The U.S. SEC just filed amendments on proposed rule changes on nine Bitcoin ETF proposals. This will affect two Granite Bitcoin ETFs, including the GraniteShares Short Bitcoin ETF and the GraniteShaes Bitcoin ETF.  It will also impact ETFs proposed by Direxion and ProShares. In August 2018, the SEC denied all ETFs The US SEC cited … Continue reading “Bitcoin ETF: US SEC Ready to Rule in late October 2018 on Crypto Market”

Big News: ICE Bakkt Reveals Physical Crypto Futures Product

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Cryptocurrencies got another big shot in the arm.  In fact, the Intercontinental Exchange (ICE) just announced its Bakkt platform’s first offering will be physical Bitcoin futures. According to a Bakkt tweet “Our first contracts will be physically delivered Bitcoin futures contracts versus fiat currencies, including USD, GBP and EUR. For example, buying one USD/BTC futures contract … Continue reading “Big News: ICE Bakkt Reveals Physical Crypto Futures Product”

US SEC Sets New Deadline for Bitcoin ETFs

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In late August 2018, cryptocurrencies pulled back on the U.S. SEC’s denial of nine ETFs. In fact, it rejected two ETFs by ProShares that would track Bitcoin future contracts.  It denied five inversed and leveraged ETFs from Direxion.  And it denied one from GraniteShares. The news came as no surprise The US SEC cited failure … Continue reading “US SEC Sets New Deadline for Bitcoin ETFs”

US SEC Halts Trading in Two Cryptocurrency Products

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Apparently, the US SEC doesn’t take weekends off. The agency just suspended trading on two investment products that track cryptocurrencies.  Apparently, there’s confusion over whether the products are exchange trading funds (ETFs). Bitcoin Tracker One and Ether Tracker One are halted until at least September 20, 2018 Both products have a promise to track the … Continue reading “US SEC Halts Trading in Two Cryptocurrency Products”

President Trump Boosts Possibility of a Bitcoin ETF

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The likelihood of a Bitcoin ETF just got stronger. All thanks to President Trump’s latest appointment of Republican Elad Roisman to the U.S. SEC.  In fact, he may be the missing piece that could tilt the balance in favor of approval. With a strong stance on fair regulation of cryptocurrency, Roisman noted: “The SEC must … Continue reading “President Trump Boosts Possibility of a Bitcoin ETF”