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‘We Will Refile and Reengage’ – US Gov’t Shutdown Halts Bitcoin ETF

‘We Will Refile and Reengage’ – US Gov’t Shutdown Halts Bitcoin ETF

BTC Casino / 24th January 2019

The US Securities and Exchange Commission (SEC) has revealed the Chicago Board Options Exchange (CBOE) has withdrawn its plans for a Bitcoin exchange-traded fund (ETF).

Grayscale Has Raised Nearly $330 Million This Year According to Q3 Report
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Grayscale’s Q3 2018 Digital Investment Report says the firm has raised around $330 million so far in 2018. Grayscale had raised $25.4 million at this time in 2017.  The latest […]

The post Grayscale Has Raised Nearly $330 Million This Year According to Q3 Report appeared first on BTC Casino Gambling.

Van Eck: ‘We Will Refile’ Bitcoin ETF
A document published January 22 confirms the U-turn, which would have seen fund manager VanEck and developer SolidX potentially offer the first regulated Bitcoin ETF on the US market.
“On January 22, 2019, (CBOE) withdrew the proposed rule change,” it states.
The companies first lodged the proposal with the SEC in June last year. After several delays, hopes were high that a positive decision would emerge in Q1 this year. Now, commentators note, this deadline ceases to exist.
Speaking to mainstream media, VanEck Associates’ Jan Van Eck explained that the current state of the SEC due to the ongoing US government shutdown meant negotiations would only reopen at a later date.
“…We were in discussion with the SEC about the Bitcoin-related issues; custody, market manipulation, prices – and that had to stop,” he told CNBC.
…Instead of just trying to slip through, we had the application pulled, and we will refile and reengage in the discussions when the SEC gets going again.

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Key Points Ethereum price declined heavily after forming a top near the $125 level against the US Dollar. There is a major bearish trend line formed with resistance near $96 […]

The post Ethereum Price Analysis: ETH Facing Significant Resistance Near $97 appeared first on BTC Casino Gambling.

Bitcoin Doesn’t Care
Unlike previous ETF-related decisions, the news appeared to have little effect on the Bitcoin price 00 losing just 0.8 percent in the 24 hours to press time Thursday.
Over the past six months, opinions have meanwhile become more suspicious over the benefits an ETF would have on Bitcoin long term.
While lay investors traditionally claimed its introduction would boost the cryptocurrency’s clout through institutional exposure, others were bearish, conversely arguing non-custodial investing and potential rehypothecation would ultimately hurt Bitcoin.
In August last year, veteran cryptographer Nick Szabo added his weight to the latter camp, saying:
I for one am not lobbying for an ETF or for Wall Street-managed money in general. It might cause more problems than it’s worth.
Similar reactions also began appearing following news of the withdrawal, UK-based traidng platform eToro’s senior market analyst Mati Greenspan describing the event as “good” and a “power move” on the part of VanEck.
The SEC itself appeared to be in two minds about the VanEck/ SolidX proposal. After requested clarification of multiple issues, SEC commissioner Hester Peirce said in November that the ETF’s approval was “definitely possible.”
What do you think about the Bitcoin ETF withdrawal? Let us know in the comments below!

Images courtesy of Shutterstock
The post ‘We Will Refile and Reengage’ – US Gov’t Shutdown Halts Bitcoin ETF appeared first on Bitcoinist.com.

CryptoSkull Review – The lucrative and addictive minesweeper type litecoin, bitcoin game.
Tuesday January 22, 2019

Cryptoskull – blockchain-based bitcoin gambling website This minesweeper style litecoin, bitcoin game was launched toward the end of 2017 and gradually gained its popularity in the end of 2018. This […]

The post CryptoSkull Review – The lucrative and addictive minesweeper type litecoin, bitcoin game. appeared first on BTC Casino Gambling.

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