The US Treasury Board has again delayed its decision to approve the Bitcoin exchange-traded fund, striking yet another blow to the crypto community who still believe there will be an ETF.
The regulator has said they are delaying their decision until October. The SEC must decide on both applicants, the Bitwise ETF Fund and VanEck SolidX Bitcoin Trust, whose applications have so far been rejected.
For the day, Bitcoin remains depressed after the news. Bitwise did not comment, as did the SEC about their decision.
The SEC has received another 25 requests for approval, which have also been rejected. The commission also rejected Tyler's and Cameron Winklevoss's request for a Bitcoin ETF last year. The commission also expressed the view that lack of investor protectionism is likely to be the main reason and not to allow the Bitcoin ETF any time soon. Concerns about fraud and manipulation of crypto sites are still urgent.
Source: Bloomberg Finance L.P.
Graphs: Used with permission of Bloomberg Finance L.P.
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.