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Déjà-vu for the evening: SEC postpones decision on Bitcoin ETF

the the evening of the 29. March has been postponed to the SEC for a decision on a other Bitcoin ETF. This time, it met the request of the company Bitwise Asse

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Déjà-vu for the evening: SEC postpones decision on Bitcoin ETF
the the evening of the 29. March has been postponed to the SEC for a decision on a other Bitcoin ETF. This time, it met the request of the company Bitwise Asset Management. Another Chapter of a seemingly never-ending story.

Dr. Philipp Giese
On 29. March 2019BTC$4.115,35 2.03%part Facebook Twitter LinkedIn xing mail

Some stories will never get old. The topic of Bitcoin ETF accompanied both the Bitcoin Community as well as the American stock exchange Supervisory authority SEC, in the meantime, for about two years now. In addition to the ETF of the Winklevoss twins other hopefuls, such as the VanEck ETF SolidX or that of the ProShares. So far, none of these amendments failed to win approval from the Security and Exchange Commission.

the latest Chapter in the infinite history of struggle for a Bitcoin-based, exchange-traded index Fund, the index provider, Bitwise wrote on 10. January a request submitted. In the course of this application, the Californian Start-up, presented a detailed report on the crypto-market, as such, is primarily due to the Uncovering of a massive Wash trading on crypto exchanges to dubious fame.

Nonetheless, The report means, at least, no immediate rejection; however, is what the SEC is in the crypto area is known: The decision on the Bitwise-ETF moved. It is the standard paragraph, the ausbremste already, the ETF competition:

Bitcoin & Altcoins to buy: , crypto currencies, buy, sell, or trade – we have selected the best Broker, stock exchanges and certificates: buy Bitcoin | Ether buy | Ripple to buy | IOTA buy | Broker-comparison

Accordingly, the Commission designates pursuant to § 19 Abs. b) no. 2 of the act the 16. May 2019, as the date by which the Commission the proposed rule change (with respect to a registration of the Bitwise ETF, Anm. the editorial team), either approves, rejects, or a procedure is initiated, in order to determine whether they should be rejected.

BTC rate was completely unimpressed

As the hesitant, almost suspicious attitude of the SEC is now well known, the price of Bitcoin unimpressed. Unlike in the case of the rejection of the Bitcoin ETF in the year 2017, the rate up to the editorial deadline was, however, only 0.8 per cent. The Bitcoin investors can, apparently, due to the decision delay. It remains only to 16. May to be seen whether and how the American stock exchange will decide on supervision over the application.

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