Bitcoin exchange-traded fund (ETF) continues to be the most eagerly awaited decision from the U.S. SEC. In the U.S., eight firms have tried without success since 2013 to create a bitcoin ETF. SEC has been hesitant to approve the Bitcoin ETF, while other countries have embraced and launched it. Recently, Canada’s securities...
Asset manager VanEck has filed for a new Bitcoin exchange-traded fund (ETF). After Bitwise’s ETF rejection by the SEC last year, VanEck withdrew its application and now has filed for a new fund, called the VanEck Bitcoin Trust. It is essential for Bitcoin ETF’s approval to have a representative price...
Asset management firm Bitwise, for now, has withdrawn its Bitcoin ETF application. According to a request to the U.S. Securities and Exchange Commission (SEC) on Tuesday, Bitwise said the move to withdraw is “consistent with the public interest and protection of investors.” Bitwise first filed its ETF proposal in January...
The U.S. Securities and Exchange Commission (SEC) rejects the Bitwise Bitcoin ETF proposal. The SEC announced on Oct, 9th that the Bitwise Bitcoin ETF proposal has not met the requirement under the Exchange Act and the Commission’s Rules of Practice to prevent fraudulent and manipulative acts and practices. SEC to...
Bitwise Asset Management Bitcoin ETF proposal submitted in Jan 2019 is awaiting for SEC final decision on 13th Oct. SEC has postponed several Bitcoin ETF proposals in the past and recently, SEC Chairman Jay Clayton in an interview with CNBC said that concerns remain on lack of safe custody options and...
VanEck-SolidX withdraws its application for the Bitcoin ETF proposal just a month before the scheduled date for the SEC to give the final decision on the proposal. Earlier this month, VanEck-SolidX launched limited shares of Bitcoin Trust 144A as a testing ground available only for qualified institutional buyers with a shorter...
As per the Wall Street Journal, VanEck SolidX is trying a workaround to prove SEC that Bitcoin ETF can work. As per the news report, the two companies are planning to sell limited shares of a Bitcoin exchange-traded fund to institutional buyers. The companies are employing a rule 144A which...
VanEck/Solidx now joins the race with Bitwise: The VanEck/SolidX proposed Bitcoin ETF has now officially entered the SEC register. VanEck/Solidx now joins the race with Bitwise who got registered a week earlier to launch first bitcoin ETF of U.S. The VanEck/SolidX proposal was initially filed last year but was withdrawn...
