11. May 2019BTC$6.757,00 7.03% part Facebook Twitter LinkedIn xing mail
another application to have a crypto-ETF on the way to the start line. The Crescent Crypto Index Services LLC. submitted an application to the US stock exchange Supervisory authority SEC. You published the application on 9. May. The exchange-traded Fund is to replicate the development in the value of Bitcoin and Ether. A decision by the SEC.
The ETF will bear the name of USCF Crescent Crypto Index Fund. He is to be traded on the NYSE Arca under the Ticker symbol XBET. As a Sponsor, you will experience the United States Commodity Funds (USCF). It is the responsibility to invest the assets of the funds in the two currencies.
As for the ETFs in the usual way, follow the passive investment strategy of the Fund to an Index. Crescent Crypto Index Services has created a separate Index for Bitcoin and Ether. This Crescent Crypto Core II Index (CCINDEX) promises a high degree of reliability. For this, he will draw on a variety of data sources:
To each Portfolio of crypto currency a weight to assign the calculated Crescent, the market capitalization on the basis of data from a selected subset of publicly available crypto-currency exchanges and liquidity providers, including Over-the-Counter liquidity providers (“OTC”), which represent a highly-skilled subset of the global volumes of each Portfolio of crypto currency.
ETF could be one means to attract institutional investors for Bitcoin, Ether, & co.. The crypto Community is waiting for, accordingly, an admission. The SEC has, however, not to be swayed. In the recent past, she received several applications for the Bitcoin ETFs. The green light never got. Just Recently adjourned the SEC, the decision on an application made by the index provider Bitwise.
Postponed is not known to be repealed. The hope remains that Bitcoin ETFs will see in the not-too-distant future, the light of the world. According to the SEC, a member of the Robert J. Jackson, Jr. it was only a matter of time. Persistent security concerns of the major reason for the delays. Jackson himself was optimistic. He believes that the applicant could meet the high security requirements soon.
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