Millennials Prefer Bitcoin Over Gold, BTC ETF Demand Exists

Bitcoin Over Gold During Bloomberg’s “ETF IQ” segment yesterday, a financial advisory head said Bitcoin (BTC) exchange-traded funds (ETF) are preferred over their gold counterparts by millennial investors. Nate Geraci, the head of The ETF Store, an investment advisory group that seemingly specializes in funds, noted that many of their younger clients ask if they can replace a core gold holding, seen as a hedge/non-correlated asset, with one that holds cryptocurrency, namely Bitcoin. In fact, Geraci quipped that 90% of their millennial clients suggested Bitcoin over the precious metal. The…

SEC Postpones VanEck Bitcoin ETF, Yet Again. Should We Expect an Approval in 2019?

Yesterday, the United States Securities and Exchange Commission (SEC) postponed its decision on the VanEck/SolidX bitcoin (BTC) exchange-traded fund (ETF) proposal, signaling that the regulator is still not ready to see crypto-based funds being traded on regulated exchanges. However, while the general sentiment is that the agency will continue to push back, there’s a slight chance that a crypto ETF might come as soon as later this year.    What’s an ETF and how can it affect the crypto market?    In short, an ETF is a type of an…

U.S.: Decision on VanEck Bitcoin ETF Delayed Again

The wait for a Bitcoin exchange-traded fund (ETF) continues to drag as the U.S. Securities and Exchange Commission (SEC) on May 20, 2019, again delayed deciding on a Bitcoin ETF proposal by the VanEck SolidX Bitcoin Trust. SEC Taking its Time In its official notice, the SEC wrote that it is in “instituting proceedings” to determine whether a Bitcoin ETF should be approved or disapproved. By instituting proceedings, the U.S. financial watchdog essentially means that it is still open to receive more input from outside parties. Also, it does not…

SEC Postpones Decision on VanEck/SolidX Bitcoin ETF, Bitcoin Price Reacts Mildly

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. On Monday, May 20, the U.S. Securities and Exchange Commission (SEC) postponed its decision on VanEck/SolidX Bitcoin ETF, filed earlier this year. The new deadline for the SEC to decide on this proposal on August 19, 2019. The Bitcoin ETF filed by VanEck/SolidX is a year-long saga now. Last year in July 2018, the two companies filed for a Bitcoin ETF,…

Leading ETF Authority Claims SEC Still Gathering Information on Bitcoin (BTC)

In a frustrating move for both institutional and retail investors, the United States Securities & Exchange Commission (SEC) has ruled to delay its decision on Bitcoin ETFs–again. Since mid-2018, Bitcoin Exchange-Traded Funds (ETFs) have been the hot topic of conversation in cryptocurrency and a focal point for the industry in encouraging institutions to invest in digital assets. As opposed to approving the assortment of ETF applications brought before it, the SEC has routinely denied or delayed such claims. As reported by EWN, the U.S. regulatory body delayed its decision on…

SEC Still In Information-Gathering Mode Regarding Bitcoin ETF

The United States Securities and Exchange Commission (SEC) is “still in information-gathering mode” regarding a bitcoin (BTC) exchange-traded fund (ETF), the managing director of ETF.com told CNBC on May 20. Dave Nadig, managing director of а leading authority on ETFs, delivered his comments on the issue during an interview with the ETF Edge show. Nadig said: “It is clear the SEC is still in information gathering mode. […] Technically, there are deadlines, but honestly they [SEC] can do what they want, they can kick this down the road until they…

US SEC Postpones Verdict on VanEck ETF Application, Again

The United States Securities and Exchange Commission (SEC) has delayed its decision on the VanEck bitcoin (BTC) exchange-traded fund (ETF) proposal, according to an official SEC filing on May 20. The SEC has added a 35 day period for gathering more information and opinions on the proposal, which was initially filed by the Chicago Board Options Exchange (CBOE) last year. In January, CBOE withdrew its request for a rule change when the U.S. government shutdown decreased the SEC’s operational abilities, then subsequently reapplied on January 31 after the government shutdown…

VanEck Bitcoin (BTC) ETF Verdict Delayed By The SEC

VanEck’s Bitcoin ETF Delayed The verdict on VanEck and SolidX’s Bitcoin (BTC) exchange-traded fund (ETF) proposal has just been delayed by the U.S. Securities and Exchange Commission. In a document released on Monday morning, the regulatory agency revealed that it will be exercising its right to delay its decision by another 90 days, to August 19th. The document cited concerns like the prevention of “fraudulent and manipulative acts and practices”, likely in reference to the recent Tether and Bitfinex imbroglio and the Bitstamp flash crash, to back its decision. This…

SEC Must Decide About VanEck Bitcoin ETF the Same Day Pro-Crypto Commissioner Hester Peirce Will Speak About This Subject… Good News Ahead?

Everybody in the crypto-verse is focused on expectations and speculation. Which currency will rise, which will fall, which company will adopt blockchain technologies… and which will be the first Bitcoin ETF approved by the SEC. Commissioner Hester M. Peirce (source SEC) Although all previous attempts have failed, there is a light at the end of the tunnel. The US Securities and Exchange Commission is having a conference in New York on May 21 to discuss the future of ETFs and how they could affect the financial industry. However, it is important…

Bitwise Bitcoin ETF Approval Again Delayed by SEC

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. According to new reports, the verdict on the Bitcoin (BTC) exchange-traded fund (ETF) application from California-based crypto upstart Bitwise Asset Management has been once again delayed. In a document published Tuesday morning, the U.S. Securities and Exchange Commission (SEC), who presides over such products, revealed that it won’t be issuing a…