The bitcoin bulls have wrestled back control of the BTC price, with the leading cryptocurrency barreling for $11,000 once again. While the positive momentum emerged over the weekend, the optimism is no doubt also being fueled by today’s VanEck development. The New York-based investment management firm plans to launch a bitcoin fund, which is designed … Read more
The U.S. Securities and Exchange Commission (SEC) is delaying its decisions on whether to approve or kill three new bitcoin ETFs. The bitcoin ETF offerings from VanEck, Bitwise, and United States Bitcoin and Treasury Investment have each been under consideration for months, and the SEC is pushing its decision out to the maximum amount of … Read more
By CCN.com: The U.S. Securities and Exchange Commission has decided once again to kick the can on its decision about a bitcoin ETF. In a ruling published today, the securities watchdog revealed that an answer on the VanEck/SolidX Bitcoin ETF as proposed by the Cboe would be postponed for another 90 days, pushing the deadline … Read more
The prospect of a Bitcoin ETF is ‘virtually certain’ according to finance manager Ric Edelman, who is confident that either VanEck or Bitwise will satisfy the demands of the SEC. The founder of Edelman Financial Engines told CNBC’s Bob Pisani on Monday’s ETF Edge: “It’s virtually certain. The only question is when. And I don’t … Read more
The price of bitcoin is still hovering below the $3,500 mark and volatility seems to be dying fast. Is it strange, then, that SFOX‘ report (a cryptocurrency prime dealer for large-scale investors) places the Crypto market at ‘mildly bullish’ entering February? This is a couple of notches up from its ‘mildly bearish’ tag last month. Why? … Read more
The Chicago Board Options Exchange (CBOE) and VanEck refiled their Bitcoin exchange-traded fund (ETF) application. But, there likely won’t be a Bitcoin ETF by the end of the year and possibly by the year’s end. On January 31, as CCN.com reported, VanEck announced that it submitted its newly drafted Bitcoin ETF application to the U.S. … Read more
US stock exchange operator CBOE has resubmitted its application to list a bitcoin ETF on one of its trading platforms, just days after the firm withdrew its previous bid. CBOE & VanEck Resurrect Bitcoin ETF Bid That bitcoin ETF, the VanEck SolidX Bitcoin Trust, would allow wealthy traders and institutions to invest in bitcoin through … Read more
Bitcoin investors are abandoning crypto in favor of traditional commodities like gold amid the prolonged market slump. That’s the observation of Jan Van Eck, the CEO of investment management firm VanEck Associates. Van Eck says this is a reversal of the trend he saw in 2017, when the then-sizzling bitcoin pulled demand from gold during … Read more
By CCN.com: On January 23, the Chicago Board Options Exchange (CBOE) and VanEck officially withdrew their Bitcoin exchange-traded fund (ETF) proposal ahead of its February deadline. Analysts expected a decline in the Bitcoin price following the withdrawal given that the CBOE/VanEck Bitcoin ETF was arguably the most highly anticipated proposal to date. No Visible Impact … Read more
By CCN.com: Cboe BZX Exchange has officially withdrawn their Bitcoin Exchange Traded Fund application. Filed last June, the official withdrawal of the application came in on January 22. A letter published on the SEC’s website makes the news official. SEC deputy secretary Eduardo Aleman writes that the Cboe BZX Exchange rescinded its request for a … Read more