Hester Peirce’s final battle with SEC as Wilshire Phoenix BTC ETF is rejected LeapRate

March 02, 2020 BY Steffy Bogdanova

Hester Peirce’s final battle with SEC as Wilshire Phoenix BTC ETF is rejected

Securities and Exchange Commissioner (SEC) Commissioner Hester Peirce has issued a statement expressing her disagreement with the Commission’s rejection of Wilshire Phoenix’s Bitcoin Exchange Traded Fund application. Peirce criticizes the SEC for unfair and narrow-minded treatment of Bitcoin-related products. Her term ends in a little over three months, in the beginning of June, some suggest…

October 23, 2019 BY Valentina Kirilova

Crypto industry insiders speak to SEC’s refusal to approve Bitcoin ETF

If there was one action that could catapult Bitcoin awareness through the public masses in the United States, crypto advocates have long asserted that access to a commingled trust, a Bitcoin Exchange-Traded Fund (ETF), would do the trick. This proposition, however, has withered on the vine, as the SEC has chosen to reject every application…

October 10, 2019 BY Valentina Kirilova

Updated: The SEC rejects the Bitwise Bitcoin ETF proposal

Late evening shocker on the financial airways – The SEC rejects the Bitwise Bitcoin ETF proposal, well before Monday’s deadline decision date. Reporters on the late shift suddenly went into high gear, filling nearly every news channel with the shocking news. Matt Hougan, Bitwise's Head of Research, had just told everyone that, “We're closer than…

October 10, 2019 BY Valentina Kirilova

Daily Market News: Fed is fighting for survival

Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for October 10, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, Perhaps one of the oddest harbingers in our current global economy is the staggering amount of negative-yielding…

October 10, 2019 BY Valentina Kirilova

SEC rejects the Bitwise BTC ETF proposal before the mandated deadline

SEC, in surprise move, rejects the Bitwise BTC ETF proposal before the mandated deadline. According to Cointelegraph and Coinbase, the SEC hurriedly put out a press release after hours on Wednesday to announce its negative decision. The regulator cited that the Bitwise proposal was not “designed to prevent fraudulent and manipulative acts and practices”. The…

September 20, 2019 BY Valentina Kirilova

VanEck pulls back SEC app for retail BTC ETF bid, but will Bitcoin suffer?

VanEck Securities surprised the crypto-verse two weeks back when it decided to focus its efforts only on institutional investors and to limit its Bitcoin Trust to accredited investors. At the time of that announcement, their management team assured everyone that they were still committed to a retail offering, but now the news is that they…

September 11, 2019 BY Valentina Kirilova

Daily Market News: All eyes on ECB’s interest rate announcement

Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for September 11, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, Sometimes things seem so far away but in reality, they might be much closer than we think.…

September 11, 2019 BY Valentina Kirilova

SEC Chairman on BTC ETF: “Progress is being made” – issues “not trivial”

We are into the ninth month of the year, and we are still waiting patiently for the SEC to approve a Bitcoin Exchange-Traded Fund (ETF). Yes, the VanEck consortium decided to forego the retail market for now and launch a Bitcoin Trust for institutional investors only, but the SEC is still pondering what to do…

Stax Inc. teams up with Coleman Research

September 04, 2019 BY Valentina Kirilova

If institutional investors want secure custody for cryptos, what is possible?

We have consistently heard from the Securities and Exchange Commission (SEC) that a prerequisite for a Bitcoin Exchange-Traded Fund (ETF) is that the ETF must have “good custody”. SEC Chairman Jay Clayton’s actual remark in an interview with CNBC in November of last year was: We care that assets underlying that ETF have good custody…

August 20, 2019 BY Valentina Kirilova

Bitwise CEO hopeful of SEC approval of BTC ETF – Claims issues resolved

The folks at Bloomberg UK recently interviewed Hunter Horsley, the CEO and head of research at Bitwise Asset Management along with Matt Hougan, Bitwise’s global head of research, to determine their views on the continuing delays by the SEC in approving any applications for a Bitcoin Exchange-Trade Fund (ETF). The Bitwise application decision was delayed…

Tag: BTC ETF