
The US Securities and Exchange Commission has announced that the various pending applications for Bitcoin Exchange Traded Funds will be considered for review by October 26.
The agency release shows that this comprises nine ETF applications submitted by three entities. The October 4 statement said that these are the applications that the agency is going to be reviewing.
Two of the ETFs were submitted by ProShare under the auspices of the New York Stock Exchange ETF exchange NYSE Arca. Another two are from GraniteShares meant for listing at CBOE.
There are another five proposals submitted by Direxion also meant for listing at NYSE Arca.
The commission has also made it known to the public that it is open to suggestions and views. It said that any party that supports or rejects the ETF should make their views known by October 26.
The agency further said that despite putting the proposals under review that they remain unapproved and status quo ante maintained until the agency comes up with fresh decisions.
GraniteShare, the commission noted had put forward an amendment of its business model which would be taken into consideration in the new review.
The Securities and Exchange Commission had in August rejected some ETF applications leading to a sharp dip in the value of coins. The day after the announced rejection, the agency stated that it would be reviewing all ETFs in the light of new realities.
CT report obtained by CIW said that,
“The regulator had found that the products did not comply with the requirements by the Exchange Act Section 6(b)(5), in particular the requirement that a national securities exchange’s rules be designed to prevent fraudulent and manipulative acts and practices.”
I’ve been wondering what the ETF is all about. I think you explained it well. Maybe with the approval the market will see a boost again.
Hopefully, Mindy…thanks for stopping by.
I delight in, cause I discovered exactly what I was having a look for.
You’ve ended my four day long hunt! God Bless you man. Have a great
day.
Thank you. Do keep in touch here. More good content coming your way.
Fantastic write-up from you, man. I have understand your stuff previous to and you are just too wonderful.
I really like what you’ve acquired here, certainly like what you are stating
and the way in which you say it. You make it entertaining and you still take care of to keep it wise.
I can’t wait to read far more from you. This is really
a tremendous web site.
Thank you for your kind words Prime.
Howdy! I know this is kind of off topic but I was wondering
if you knew where I could get a captcha plugin for my comment form?
I’m using the same blog platform as yours and I’m having
difficulty finding one? Thanks a lot!
I just wanted to thank you once again for this amazing blog
you have designed here. It truly is full of ideas for those who are actually interested in this kind of subject, primarily this
very post. Your all so sweet along with thoughtful of others and
also reading the blog posts is an excellent delight with
me. And what generous reward! Tom and I will have pleasure making use of your
guidelines in what we must do in the future.
Our listing is a mile long which means that your tips might be
put to very good use.
Thank you for your kind words keto. I’m glad you could get something from the article.
This was an extremely wonderful post. I think you’re a good writer. Thank
you for supplying this information.
Thank you Declutter.
Thank you a bunch for sharing this with all folks you really know what you are speaking about!
Bookmarked. Please will the ETF have any effects on the price of Bitcoin and altcoins?
Obviously. Most institutional investors are waiting for any sort of legitimacy for Bitcoin to put in their money. I have no doubt that the industry will see more activity and demand with the approval which hopefully will happen in Q1 of 2019.
Institutions are afraid of any form of investment in crypto. Perhaps approval of ETFs will rest assure them that bitcoin is safe investment but the question is “Is it?”
There have been much ado about the ETF. What bitcoin needs is adoption from the masses. In reality, the coin could become the currency for the internet in the future if it gains widespread adoption.
I have been reading out some of your articles and i must say
pretty clever stuff. I will surely bookmark your
site.
I think other web-site proprietors should take
this site as an model, very clean and fantastic user friendly style and
design, let alone the content. You’re an expert in this topic!
You do a great deal of research in your posts. This site is going to do just great.
I hardly leave a response, however i did a few searching and wound
up here | Most Important Crypto News And Scam ICOs You Should
Avoid. And I do have 2 questions for you if you tend not to mind.
😛 And, if you are writing on other online sites, I’d like to keep
up with everything new you have to post. Could you list of all of your
community pages like your twitter feed, Facebook page or linkedin profile?
Thanks for your entire effort on this website.
Betty really likes setting aside time for investigation and
it is obvious why. Almost all know all of the dynamic
ways you render effective items on this web blog and as well improve participation from some other people on that subject matter while our simple princess is truly discovering a
great deal. Enjoy the rest of the year. You have been carrying
out a superb job.I’m really inspired with your writing talents and also with the format
on your weblog. Is that this a paid topic or did you modify it your self?
Anyway stay up the nice quality writing, it’s
rare to see a nice blog like this one today.
Having read this I thought it was rather informative.
I appreciate you spending some time and effort to put this article together.
I once again find myself personally spending way too much time both reading
and commenting. But so what, it was still worth it!
Tremendous issues here. I am very satisfied to
see your post. Thank you a lot and i am looking forward to contact you.
Will you kindly drop me a e-mail?
Thank you a lot for sharing this with all folks you
actually realize what you’re talking about! Bookmarked.