The U.S. Securities and Exchange Commission (SEC) rejected investment firm Kryptoin’s proposal for a spot bitcoin exchange-traded fund (ETF) in a letter on Wednesday.The decision comes roughly five weeks after the agency had rejected VanEck’s application for a spot bitcoin ETF.It was also not unexpected, as SEC Chair Gary Gensler has indicated his preference for a bitcoin … [Read more...] about SEC Rejects Kryptoin Spot Bitcoin ETF Proposal
Rejects
SEC Rejects WisdomTree’s Spot Bitcoin ETF Application
Two bitcoin futures ETFs, the ProShares Bitcoin Strategy ETF (BITO) and the Valkyrie Bitcoin Strategy ETF (BTF), began trading in October, leading to a significant rally in the price of bitcoin. VanEck’s bitcoin futures ETF began trading in mid-December. Source link … [Read more...] about SEC Rejects WisdomTree’s Spot Bitcoin ETF Application
VanEck to Launch Bitcoin Futures ETF ‘XBTF’ Next Week After SEC Rejects Spot Offering
The investment firm VanEck’s bitcoin futures exchange-traded fund (ETF) is set to debut on the Chicago-based CBOE exchange next week, going live after delays since winning SEC approval in late October.The CBOE said in a notice on its website that the new VanEck Bitcoin Strategy Fund will start trading under the ticker symbol “XBTF” on Tuesday, with a new-issue auction to open … [Read more...] about VanEck to Launch Bitcoin Futures ETF ‘XBTF’ Next Week After SEC Rejects Spot Offering
SEC Rejects VanEck’s Spot Bitcoin ETF Proposal
The SEC rejected investment firm VanEck’s proposal for a spot bitcoin exchange-traded fund (ETF) on Friday. The decision was widely expected as SEC chair Gary Gensler has indicated his preference for a bitcoin futures ETF over a spot bitcoin ETF several times in the past.Two bitcoin futures ETFs, the ProShares Bitcoin Strategy ETF (BITO) and the Valkyrie Bitcoin Strategy ETF … [Read more...] about SEC Rejects VanEck’s Spot Bitcoin ETF Proposal
Bitcoin rejects at $34.5K as analysts reveal key resistance level to beat next
Bitcoin (BTC) erased some of its gains on June 24 in a test of lower levels, which spooked already wary traders.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAll eyes on $37,000Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting local lows of $32,400 on Thursday.The pair had risen as high as $34,711 on Bitstamp the day before, making a … [Read more...] about Bitcoin rejects at $34.5K as analysts reveal key resistance level to beat next