A vegan ETF, launched on NYSE last week, already has sizeable holdings and excludes any companies that aren’t animal and environment-friendly.
The VanEck Solid Bitcoin Trust decided to withdraw its Bitcoin ETF proposal filed earlier this year on January 30, 2019. The withdrawal comes just a month before SEC’s final deadline of the verdict.
The VanEck’s Limited Bitcoin ETF has proved unimpressive so far with only 4 BTC tokens issued. Some crypto experts have also slammed VanEck for its marketing gimmick saying the product is nowhere close to real ETF.
On September 11, Bitwise officially announced the appointment of the Bank of New York Mellon to serve as the administrator and transfer agent for its forthcoming Bitcoin exchange-traded fund (ETF).
While SEC’s Clayton acknowledged that Bitcoin businesses are coming closer to satisfying his concerns, he stated that there is “work left to be done” on Bitcoin ETF.
Institutions like VanEck and ICE’s Bakkt are flexing their muscles for luring institutional investors in the crypto market and trigger the next Bitcoin price rally.
Bitcoin Futures have faced unusual hurdles from the US authorities. There are ways around this but these ways are often limited and high risk. However, Vaneck Securities and Solidx seem to have found the solution.
The SEC has delayed its decision for listing VanEck to Oct. 18, while Bitwise’s listing on NYSE Arca will be delayed to Oct. 13. The decision on Wilshire Phoenix’s United States Bitcoin and Treasury Investment Trust has been postponed until Sept. 29.
The proposed rule change will allow Wilshire Phoenix Fund to list shares of ETF on NYSE Arca. SEC has declared that the public can comment on the aforementioned matter within 21 days’ time period.
While the SEC has postponed its decision on a Bitcoin ETF proposal by VanEck/SolidX, the Bitcoin community has given little attention to it as Bitcoin price largely remains stable.
The approval of a regulated crypto derivative this year is now looking less likely, as the SEC has once again delayed its decision on whether to approve the Bitcoin ETF proposed by asset manager Bitwise. However, Bitwise remains optimistic.
The U.S. securities regulator continues to remain firm on its decision of not approving the Bitcoin ETF anytime soon. Next window for ETF decision now in May 2019.
Professional crypto trader and writer Bill Adams takes a look the biggest developments in the Bitcoin ETF saga, unveiling the chances for eventual ETFs approval in 2019.
Investment management company Invesco based in the United States has launched the first blockchain exchange-traded fund (ETF) on the London Stock Exchange.
On April 5th, 2019, the SEC will have to announce their decision to either approve, deny or extend the decision-making period on Cboe/VanEck/Solid X’s Bitcoin ETF.