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…

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…

Bitwise Applies for a Physically Held Bitcoin ETF with the SEC

Bitwise, a U.S.-based cryptocurrency index fund provider, has filed an initial registration statement with the Securities and Exchange Commission, proposing a physically held Bitcoin ETF, the SEC announced on their website on January 10, 2019. Bitwise Files for a new Bitcoin ETF The crypto industry has entered the year with new hope about the future of cryptocurrencies, as a startup is looking to introduce a new type of Bitcoin ETF. Bitwise, a San Francisco-based cryptocurrency index fund provider, has applied with the U.S. Securities and Exchange Commission to launch a…

Is the SEC Violating the First Amendment Rights of ICO Operators?

Is the SEC Violating the First Amendment Rights of ICO Operators? January 13, 2019 by Paul de Havilland Is the SEC’s gag order tactic in enforcement action settlements a breach of the First Amendment? The regulator’s “neither admit nor deny” policy for defendants who choose to settle when charged with violations is about to be tested. Also read: Ahead of Ethereum Constantinople Update, Community Eyes ProgPoW Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Cato Institute and Institute For Justice Team up to Find Out The Washington,…

2018 Sees 550% Uptick in Exempt ICO Securities Offerings Filed With the US SEC: Report

2018 witnessed a significant uptick in the number of initial coin offerings (ICOs) authorized by the United States Securities and Exchange Commission (SEC) to sell securities to large-scale investors, according to financial news channel MarketWatch, Jan. 11. MarketWatch reportedly compiled its data for 2018 by searching the SEC’s Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system for keywords such as “coin,” “ICO,” “token,” “initial coin offering” and “saft.” Their research reportedly found 287 results for evidently ICO-related fundraisings that were accepted by the agency to offer securities under what is…

Bitwise Applies for the New Physically Held Bitcoin ETF with SEC

Photo: Bitwise The company has filed an initial registration form proposing the Bitwise Bitcoin ETF Trust with the U.S. Securities and Exchange Commission (SEC). The fund would track the Bitwise Bitcoin Total Return Index, which measures the value of Bitcoin plus any “meaningful hard forks.” If the ETF is approved, its shares will be listed on NYSE Arca, which focuses on trading stocks and options (rather than large-cap stocks, which are traded on the New York Stock Exchange). From Bitwise they said: “The proposed ETF differs from previously filed proposed…

Circle CEO Says More Regulatory Clarity From US SEC Will Help Unlock Crypto Markets

CEO and co-founder of Goldman Sachs-backed crypto finance company Circle has said the biggest regulatory hurdle facing crypto today is the lack of clarity from the United States securities regulator over how to define various crypto assets. Jeremy Allaire made his remarks in an AMA reddit thread he initiated on Jan. 10 together with Circle co-founder Sean Neville and other representatives from the firm. In response to a question over Circle’s efforts to educate regulators like the Securities and Exchange Commission (SEC) about the crypto industry, as well as specific…

Most Cryptos Need CFTC’s Light Touch, Not SEC Oversight

United States congressman Darren Soto has said that most cryptocurrencies should not be regulated under the country’s securities regulator. Soto made his comments in an interview with financial news channel Cheddar on Jan. 10. According to Soto, crypto should be overseen by the Commodities and Futures Trading Commission (CFTC) and Federal Trade Commission (FTC) — rather than classed as securities under the Securities and Exchange Commission (SEC)’s charge. Soto, a Democrat, is a member of the U.S. House of Representatives for the 9th District of Florida, and spearheaded a bipartisan…

Bitwise Asset Management Files With SEC for New Bitcoin ETF

Finance Bitwise Asset Management is the latest American financial firm to seek regulatory permission for launching a bitcoin ETF. The company thinks it should succeed in getting the SEC’s approval, which all other applicants have failed to do so far, by utilizing a new model for the instrument. Also Read: UK Crypto Ventures Raised Over $255 Million VC Funding in 2018 Bitwise Bitcoin ETF Trust Bitwise Asset Management, a provider of a number of crypto index funds, announced on Thursday, Jan. 10 that it has filed an initial registration statement…

Bitwise Files With the US SEC for a Physically Held Bitcoin ETF

Cryptocurrency index fund provider Bitwise Asset Management has applied with the United States Securities and Exchange Commission (SEC) to launch a new Bitcoin (BTC) Exchange Traded Fund (ETF), according to a registration form published today, Jan. 10. According to the form, Bitwise’s proposed ETF will track the Bitwise Bitcoin Total Return Index, the value of which is “calculated based on the prices of bitcoin that the Index Provider derives from bitcoin price transactions occurring on cryptocurrency exchanges.” According to a press release accompanying the newly filed form, the firm’s proposed…