• Crypto
    • Bitcoin News
    • Ethereum
    • Altcoin
    • Blockchain
    • Blockchain Companies
    • Cryptocurrency Exchanges
    • DeFi
    • Regulation
    • Press Release
    • ICO News
      • ICOs Review
      • Upcoming ICOs
      • Scam
  • Education
    • CryptoTicker Starter Kit
    • Blockchain For Dummies
    • Crypto entrepreneurs
    • Free Resources
    • Events
    • Events Review
  • Prices
  • Exchange Comparison
  • Newsletter subscribe

  • News

    • Bitcoin News
    • Altcoin
    • Regulation
    • Blockchain Companies
    • Blockchain
    • Cryptocurrency Exchanges
  • News

    • Ethereum
    • Events Review
    • ICO News
    • Press Release
  • Education

    • CryptoTicker Starter Kit
    • Education
    • Blockchain For Dummies
    • Crypto entrepreneurs
    • Free Resources
    • Events
  • Cryptoticker

    • About us
    • Advertise
    • Media Kit
    • Submit your Press Release
    • Contact
    • Membership Login
  • Social Media

    Facebook
    Twitter
    Telegram
    Youtube
    • Newsletter
  • Crypto
    • Bitcoin News
    • Ethereum
    • Altcoin
    • Blockchain
    • Blockchain Companies
    • Cryptocurrency Exchanges
    • DeFi
    • Regulation
    • Press Release
    • ICO News
      • ICOs Review
      • Upcoming ICOs
      • Scam
  • Education
    • CryptoTicker Starter Kit
    • Blockchain For Dummies
    • Crypto entrepreneurs
    • Free Resources
    • Events
    • Events Review
  • Prices
  • Exchange Comparison
Starter Kit Membership Search
English
English Deutsch
Menu
Search


Regulation

Recent U.S. Cryptocurrency ETF Proposals and Decisions

Posted On August 4, 2018 Sean Bourke 0

  • share 
  • share 
  • share 
  • tweet 
  • share 
  • share 

The U.S. Securities and Exchange Commission has not yet approved a cryptocurrency related ETF. The group highlights issues with security, market manipulation and investor protection issues, but at least one member of the SEC is outspoken in support of these investment products.

U.S. Cryptocurrency ETF Decisions

Rejected – Bitcoin Trust

The SEC rejected the second attempt by Cameron and Tyler Winklevoss, founders of crypto exchange Gemini. The proposal was made in June, based on the first ever Bitcoin ETF created through the Cboe. 

“Despite today’s ruling, we look forward to continuing to work with the SEC and remain deeply committed to bringing a regulated bitcoin ETF to market and building the future of money,” Cameron Winklevoss, co-founder and President of Gemini said regarding the matter.

The first attempt at a Bitcoin related ETF was rejected in March of 2017. The twins still claim the Gemini exchange is “uniquely resistant to manipulation,” but not enough for the SEC.

Postponed – Bull Shares Decision

The SEC deferred the decision on five cryptocurrency ETFs until September. All five of the noted proposals were filed by Boston-based ETF provider Direxion Investments on January 4th, 2018: Bear 1X Shares, Daily Bitcoin 1.25X Bull Shares, Daily Bitcoin 1.5X Bull Shares, Daily Bitcoin 2X Bull Shares, and Daily Bitcoin 2X Bear Shares. 

U.S. law designates 180 days to provide a decision, and the group may delay that date by not more than 60 days from the original. The regulators have chosen the full 60 days for a decision by September 21, 2018.

U.S. Cryptocurrency ETF Proposals

In Review – VanEck SolidX Bitcoin Trust

A joint application from VanEck and SolidX for a Bitcoin ETF was published on July 2. The Shares of the Trust are expected to be listed for trading, subject to notice of issuance, on the Cboe BZX Exchange as well.

Recently Submitted – First Crypto Index Fund HOLD 10

Bitwise Investments launched the world’s first cryptocurrency index fund in October 2017 based on an index of coins. The Bitwise index fund “HOLD 10” is a mix of BTC, ETH, XRP, BCH, LTC, DASH, NEO, ZEC, XMR and ETC, weighted by a 5-year-diluted market cap.

Follow us on Twitter, Facebook, Steemit, and join our Telegram channel for the latest blockchain and cryptocurrency news.

 

  • share 
  • share 
  • share 
  • tweet 
  • share 
  • share 

Trading Bitcoin is too complicated?

We highly recommend our Crypto-Starter-Kit to you! 

Or are you looking for the current Bitcoin Price in USD? Look no further!
Bitcoin Price, Ethereum Price, Ripple Price  

 

 

Follow us on Social Media and subscribe to our free crypto newsletter!

@Telegram
@Instagram
@Twitter 
@TikTok
@Facebook

Diskutiere mit uns!

About Trading @CT Trader
About Crypto in general @CT Inside

This post may contain promotional links that help us fund the site. When you click on the links, we receive a commission - but the prices do not change for you! :)

Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.

Trading with financial products, especially with CFDs involves a high level of risk and is therefore not suitable for security-conscious investors. CFDs are complex instruments and carry a high risk of losing money quickly through leverage. Be aware that most private Investors lose money, if they decide to trade CFDs. Any type of trading and speculation in financial products that can produce an unusually high return is also associated with increased risk to lose money. Note that past gains are no guarantee of positive results in the future. 

#Bitcoin Trust#Bull Shares#CBOE#Direxion#Gemini#SEC#VanEck SolidX#winklevoss



You might also like

Crypto Ripple TradingView XRP

XRP price in BIG TROUBLE – Will the SEC Lawsuit affect the XRP moon?
December 22, 2020
Regulation

Block.one pays $24 million fine to SEC for ICO
October 1, 2019
Crypto

Winklevoss: ‘Google Coin’ Within 2 Years as FANGs go Crypto
July 12, 2019

More from Regulation

US Government Urged to Reimagine a Future With Blockchain
Posted On February 17, 2021 Santiago Burelli 0

On February 9th, 2021, Don Tapscott, author, businessman, and leader of the Blockchain Research Institute, published a 120-page comprehensive report …

What does Joe Biden Presidency mean for the crypto market?
Posted On January 20, 2021 Robert Weiss 0

Today, on January 20, 2021, Joe Biden was sworn in and became the 46th president of the United States. For …

Biden to Nominate Ex-MIT Blockchain Professor, Gary Gensler as Chairman of SEC
Posted On January 18, 2021 Santiago Burelli 0

As Trump finally concedes to Biden’s presidential win, Biden begins to enact his policies and nominate the future leaders of …

In order to support and motivate the CryptoTicker team, especially in times of Corona, to continue to deliver good content, we would like to ask you to donate a small amount. Independent journalism can only survive if we stick together as a society. Thank you


  • Top Broker

    Bybit
    bybit
    Review · Visit
    Plus500
    Plus500
    Review · Visit
    Skilling
    Skilling
    Visit
    PrimeXBT
    Prime XBT
    Visit
    FTX
    FTX
    Visit

    Top Exchanges

    Kraken
    Kraken
    Visit
    Coinbase
    Coinbase
    Review · Visit
  • Newsletter subscription




  • News

    • Bitcoin News
    • Altcoin
    • Regulation
    • Blockchain Companies
    • Blockchain
    • Cryptocurrency Exchanges
  • News

    • Ethereum
    • Events Review
    • ICO News
    • Press Release
  • Education

    • CryptoTicker Starter Kit
    • Education
    • Blockchain For Dummies
    • Crypto entrepreneurs
    • Free Resources
    • Events
  • Cryptoticker

    • About us
    • Advertise
    • Media Kit
    • Submit your Press Release
    • Contact
    • Membership Login
  • Social Media















    Newsletter


  • Imprint
  • Privacy Policy
  • Non-liability Disclaimer
©2021 CryptoTicker

Share

Share stories you like to your friends