SEC Said To Decide On Bitcoin ETF By Friday. by Tyler Durden.
The Race Is On for a Bitcoin ETF - WSJAlthough its utility as a means of exchange is controversial, from a purely quantitative point of view the evidence suggests continued growth in transaction volume through the Bitcoin network, continued growth in interest from new markets, and continued growth in entrepreneurial attention.The SEC rejected an exemption for the bitcoin ETF in March,.Avoid using the closed-end fund GBTC as it trades at substantial premium vs NAV.Bitcoin-backed Exchange Traded Funds are on the rise internationally.
Bitcoins are here to stay, and if you do not join this revolution now, you are missing a golden opportunity to get rich before you retire.This would not be beneficial to some of the most popular funds traded on exchanges, and Bitcoin ETFs may be among the potential victims.That mentioned, Bishop mentioned he believes the ETF needs to be permitted.Based on the timelines described in the SEC response, the last date for approval or disapproval of the rule-change is March 11th 2017, date after which the ETF would be approved by default if the SEC does not communicate a decision.Following are other Deadlines of SEC Decisions for BTC ETF March 30, 2017 Date announced.Cameron and Tyler Winklevoss amended their proposed bitcoin exchange-traded fund, naming State Street as administrator according to the SEC.
Final rule on proposed bitcoin ETF to come in March
Breaking: SEC reviewing Bitcoin ETF rejection — SteemitNews.Bitcoin.com The deadline is drawing near for the U.S. Securities and Exchange Commission (SEC) to make a decision on the first Bitcoin ETF.
Would-be bitcoin ETF investors are in wait-and-see mode as the Securities and Exchange Commission reconsiders whether to allow the first bitcoin exchange-traded fund.The Securities and Exchange Commission on Wednesday designated March 11 as the date by which it would either approve or disapprove the Winklevoss Bitcoin Trust ETF.There are multiple pro-Bitcoin enthusiasts involved in some way or another with the current US administration, including Mick Mulvaney (director of the U.S. Office of Budget nominee), Peter Thiel (Paypal co-founder), Balaji Srinivasan (21.co CEO and potential FDA director nominee), Travis Kalanick (UBER CEO), and others.
How Bitcoin ETFs are Opening Markets » Brave New CoinJapan Exchange Report: Cloud Edging Out DLT for Capital Markets Needs.
The race to get a bitcoin exchange-traded fund in front of retail investors heated up Friday, when a firm run by technology entrepreneur Barry Silbert filed with the.
Over three years ago, the Winklevoss twins — of Facebook dispute fame and current.Each method has its ups and downs, and you must learn from the best to avoid pitfalls.For instance, Bloomberg Intelligence senior analyst Eric Balchunas lately argued that the ETF has a few 50-50 likelihood of receiving approval.The SEC denied an application for the first exchange-traded fund that would track the price of bitcoin, a high-profile rejection for the digital currency.The COIN ETF is a no-go.Almost four years in the making, in a highly anticipated verdict published earlier today, the U.S. Securities and Exchange.The second week of March witnessed heavy drama in terms of Bitcoin price, swaying fundamentals thanks to the pending approval of Winklevoss ETF.
We identify several steps they have publicly taken that might indicate progress in conversations with SEC or at least their aligned involvement as promoters: On Feb 19th, 2014 the Winklevoss brothers created Winkdex, an index to track Bitcoin prices that is now divulged by major financial information vendors as Bloomberg and Reuters.This could be a pre-requisite for fair market price fixation.Premiums on closed-end fund GBTC suggest the SEC might step up to benefit market function with an open-end ETF The Bitcoin closed-end fund GBTC floats on the OTCQX exchange with notorious premiums.
the SEC approves the first Bitcoin ETF - cnbc.com
SEC Will Revisit Bitcoin ETF Rejection Decision, Chance of
Grayscale Bitcoin Investment Trust ETF ( OTCQX:GBTC ) applied to modify its current status from a closed-end fund (traded on OTCQX) to an open-end ETF (on NYSEArca) on January 20th, 2017, and by end-October 2017 the SEC should communicate its final decision.On Feb 8th, 2017, the Winklevoss brothers communicated to the SEC that they had secured the services of three of the largest high frequency trading firms to provide liquidity and efficiency to the COIN ETF: Convergex, KCG, and Virtu Financial.
SEC Delays Winklevoss Bitcoin ETF Once Again – Bitcoin Isle
Bits n Coins is the best source on Bitcoin mining, news, prices and other guides on digital currencies.In another blow to bitcoin legitimacy, the U.S. Securities and Exchange Commission (SEC) has denied the second bitcoin-based ETF bid up for consideration this month.The decision may put a damper on other efforts to increase access to bitcoin through exchange-traded funds.