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We will refile and reengage & # 39; – US Gov's Shutdown Halts Bitcoin ETF




The US Securities and Exchange Commission (SEC) has revealed that the Chicago Board Options Exchange (CBOE) has drawn up its plans for an Exchange-traded Fund (ETF).


Van Eck: "We want to refile" Bitcoin ETF

A document published January 22 confirms the U-turn, which would have seen fund manager VanEck and develops SolidX potentially offers the first regulated Bitcoin ETF on the US market.

"On January 22, 201[ads1]9, (CBOE) withdrew the proposed rule, it says.

The companies first launched the proposal with the SEC in June last year. After several delays, there were high hopes that a positive decision would appear in First Quarter of Year Now, commentators notes, this deadline ends to exist.

According to VanEck Associates, Jan Van Eck explained VanEck Associates' current state of the SEC because of the ongoing US government closure that the negotiations would only reopen at a later date.

"… We discussed with the SEC about Bitcoin-related issues; custody, market manipulation, prices – and it had to stop, he told CNBC.

… Instead of just trying to go through, we had the application drawn and we will refile and reengage in the discussions when the SEC goes

Bitcoin Care

Unlike previous ETF-related decisions, news to have little effect on the Bitcoin award 0 0 who only lost 0.8 percent in 24 hours to press on Thursday.

Over the past six months, opinions have meanwhile become more suspicious of the benefits an ETF will have on Bitcoin in the long term.

While life investors traditionally claimed that the introduction would increase the cryptocurrency rate through institutional exposure, others were bearish, and conversely argued for non-liberal investment and potential rehypothecation would ultimately damage Bitcoin.

In August last year, the veteran cryptographer Nick Szabo makes his weight to the latter camp, says:

I for one is not lobbying for ETF or for Wall Street-managed money in general. It can cause more problems than it is worth.

Similar reactions also began to appear after news of withdrawal, British-based traidng platform. EToro senior market analyst Mati Greenspan describes the event as "good" and a "power move" from VanEck. SEC The SEC appeared to be in two thoughts about the VanEck / SolidX proposal. After requesting clarification of several issues, the SEC commissioner Hester Peirce said in November that the ETF's approval was "definitely possible."

What do you think of the Bitcoin ETF withdrawal? Please let us know in the comments below!


Pictures of Shutterstock



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