Crypto Exec Wary Of Ethereum Futures, As Bitcoin ETF Talk Mounts

Launch of Ethereum Futures Still ‘Up In The Air’ In mid-December, as CBOE’s and CME’s Bitcoin (BTC) futures offering turned one-year-old, rumors began to mount regarding a similar vehicle for Ethereum (ETH). As reported by Ethereum World News, the U.S. Commodities Futures Trading Commission, the financial regulator that holds jurisdiction over certain crypto instruments, began to look into Ether. In a public release, the somewhat crypto-friendly body wrote: The RFI [Request For Information] also seeks to understand similarities and distinctions between Ether and bitcoin, as well as Ether-specific opportunities, challenges, and risks. As…

New York-based Asset Management Firm Files for Bitcoin ETF

Wilshire Phoenix, a New York-based Asset management firm, has filed for an ETF which will store bitcoin, treasury bills and the US Dollar, January 15, 2019. Coveting the ETF The journey to finally getting a Cryptocurrency ETF has been a long and elusive one. Many firms have pursued and applied to the SEC for ETF approval, with many being rejected. Despite this, yet another firm has thrown its hat into the ring as Wilshire Phoenix, an asset management firm based in New York, has announced that they are pursuing a…

Bitcoin ETF Approval Could Ease EU Regulators Concerns About Crypto

Since the birth of Bitcoin, crypto assets have been in a regulatory grey zone. And for years on end, regulators across the globe left this industry’s constituents alone, seemingly deeming that cryptocurrencies weren’t a bonafide threat to society. However, following the advent of the Silk Road, Mt. Gox, and 2017’s monumental rally, governmental incumbents have sought to crack down on this space en-masse. While efforts are being made, many entities are still determining what’s shortcomings cryptocurrencies fall victim to, creating a harsh environment for innovators and forward-thinkers. European Authority Concerned About…

Could a “Less Volatile” Bitcoin ETF Proposal Convince the SEC?

If 2018 was the year of the crypto crash, 2019 is surely going to become the year of Bitcoin (BTC) exchange-traded funds (ETFs). Although 2019 has just started, with a majority of consumers just rejoining the workspace from their holiday hiatuses, cryptocurrency-backed vehicles have already become a hot topic — arguably the “flavor of the month.” Yet the U.S. Securities and Exchange Commission (SEC) remains in their proverbial way. Related Reading: SEC Commissioner Warns Investors Against Putting Too Much Hope into Bitcoin ETF Wilshire Phoenix Tackles Crypto Industry Head On…

Winklevoss Twins: If Bitcoin ETF Approval Takes Six Years, So Be It

Among other things, 2018 was a tough year for Bitcoin exchange-traded funds (ETFs) applications. Regulatory entities overseeing such proposals quickly quashed the crypto industry’s dreams, denying applications left and right. Yet, the showrunners behind a denied ETF proposal, Cameron and Tyler Winklevoss, believe they have the chops to continue pushing for a green light, in spite of a handful of shortcomings. Related Reading: Japan Explores Bitcoin ETF but Demand for Product is Mysterious Gemini Founders: We Need To Get The Bitcoin ETF Right The Winklevoss Twins, the co-founders behind the fittingly…

Bitwise Asset Management Files Application For Bitcoin ETF

San Francisco-based Bitwise Asset Management, which provides crypto asset index and beta funds, has filed an initial registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a new physically-held bitcoin (BTC-USD) exchange-traded fund (ETF). Bitcoin ETF The proposed Bitcoin ETF would track the Bitwise Bitcoin Total Return Index produced by Bitwise Index Services. The ETF will rely on regulated third party custodians to hold its physical bitcoin, and the index draws prices from a large number of cryptocurrency exchanges, representing the majority of currently verifiable bitcoin…

Bitcoin Price Analysis: BTC Exposed, ETF Hopes Dimming?

Bitcoin Price slide, potential support at $3,400 or 78.6 percent Fibonacci level SEC may not approve Bitcoin ETF Reaction at $3,700 important for bulls In the short-term, sellers seem to be in charge and yesterday’s drop below our immediate support at $3,700 may lead to reductions towards $3,400. In the midst of this, we are net bullish because of buy pressures of week ending Dec 23. Bitcoin Price Analysis Events of the week ending Dec 23 and consequent follow through reinvigorated bulls. Regardless, the fact that prices reversed from the…

Japan’s FSA Denies Rumours About Upcoming Bitcoin ETF Approval

Even though last week a lot of sources were reporting about Japan’s approving Bitcoin ETFs as an alternative to Bitcoin futures, it seems that this will not be the case after all. The reports led to an increase in anticipation toward the approval of the VanEck Bitcoin ETF filing that is set to be decided by the U.S. Securities and Exchange Commission (SEC) by the end of February, as the emergence of strictly regulated investment vehicles in a major market like Japan would decrease the risk of price manipulation. Just…

CoinShares CSO: SEC Unlikely To Approve Bitcoin ETF, Crypto Concerns Remain

Although the regulatory status of Bitcoin exchange-traded funds (ETF) remains up in the air, talk on this subject matter has picked up heading into 2019. On one hand, there are an array of optimists claiming that 2019 will be the year of cryptocurrency-backed ETFs. On the other hand, there are cynics who believe it is too earlier for the crypto market to handle such an investment vehicle. Interestingly, a number of guests onto technology entrepreneur Ran NeuNer’s recent installment of CNBC Africa’s “Crypto Trader” claimed that they don’t expect for…

Japan Not Considering Approval of Bitcoin ETF, FSA Denies Reports

According to a spokesperson from the Financial Services Agency (FSA), Japan is not considering the approval of a Bitcoin exchange-traded fund (ETF). Speaking to Bitcoin.com, an FSA representative said: There is no such fact that we are considering approving ETFs which track crypto-assets at present. We are not currently considering approving them. Japan Doesn’t See the Need for a Bitcoin ETF Last week, several sources including Bloomberg reported that Japan is exploring the possibility of approving Bitcoin ETFs as an alternative to Bitcoin futures. The reports led to an increase…