NYSE Bitcoin ETF – New York Stock Exchange To File With ...

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Keep an eye out for August 10th! That'll be a big day for Bitcoin

TLDR; CBOE may have a good chance of getting the BTC ETF approved by the SEC. The SEC has until August 10th 16th to approve or Deny the application. If approved, Q1 of 2019 is when the ETF is expected to launch.
As most of you probably know the CBOE has filed to list BTC as an ETF with the SEC. What this means is that BTC will end up accessible to traditional investors and can be purchased on traditional investment platforms. It is very likely, in my opinion, that they will get the a-okay from the SEC to list BTC as an ETF.
Why do I say this? Well let's look at the history.
- In 2014 the Winklevoss Twins tried to file a BTC ETF with the SEC
- In 2016 we had SolidX that tried to file a BTC ETF with the SEC
- In 2017 we had the NYSE file for a BTC ETF with the SEC
- Also in 2017 we had the CBOE launch BTC futures
- Lastly, in June of this year we had the CBOE file for a BTC ETF with the SEC where the ETF is "being offered through the VanEck SolidX Bitcoin Trust - a joint venture between financial firms VanEck and SolidX"
So why haven't any of these ETF's seen the light of day? The answer can be explained by this refreshing piece of journalism "In March 2017, the US SEC claimed that the Winklevoss ETF proposal was rejected because Bitcoin, as a digital asset, was not regulated properly overseas without proper regulatory frameworks in place. The agency also noted that there lacks insurance around cryptocurrencies.".
So regulatory frameworks and insurance have been the two biggest obstacles in the way of the SEC approving the ETF. Luckily for us, cryptocurrency is a global affair and we're noticing more Anti-Money Laundering (AML) policies and standards of security. Additionally, overseas markets like Japan and South Korea arguably have better regulatory frameworks than the US, with Japan leading the G20 in creating an international standard for crypto regulation.". Unfortunately for the SEC, crypto is global and I have no doub that they are fully aware that slacking on crypto regulation and acceptance = losing out on billions of dollars - but more importantly losing global economic leverage. I have no doubt in my mind all countries which are late to the crypto game will find themselves becoming a 2nd world country, in a relative sense.
Anyhow, back to the CBOE and SEC. The CBOE is a company with a market cap of $11b. If, obviously rich and well connected, people of an $11b company, which has existed since 1973, decides that spending the time and energy to investigate, create, modify, and go through all legal and regulatory frameworks to file a BTC ETF with the SEC - where rejections have been hot since 2014 - They know what they're in for. This isn't some team of plebs working on some sort of maybe. This is a team of who knows how many professionals, for sure getting paid big bucks (and maybe even having their jobs on the line), cumulatively deciding that even though the SEC has rejected BTC ETF's in the past, their application may have a shot.
Why is the CBOE application different? Well, aside from the increased regulatory processes crypto has gone through, on a global dimension ; the CBOE has stated that their BTC ETF will be INSURED. That right there is a big deal! This means if the CBOE gets hacked, it isn't some Mt.Gox or bitgrail situation where people are out millions... That simply won't matter to ETF investors. I would also argue that running BTC futures without much of a hitch, will make things easier for the SEC to pass this CBOE BTC ETF (but that's just my opinion).
If/when this happens the ETF is expected to go live in the first quarter of 2019. I don't expect much to happen until then (at least in the Western Crypto space in which I am most familiar with). Lastly, the whole reason for this post is that August 10th of this year is the rumored date for the SEC to approve or deny the application August 16th is the date rumored for the SEC to make their decision , so that'll be a big day for BTC. The SEC states that they make a decision 45 days after a request.
What I am very curious about is that if the crypto market keeps moving upwards towards that date, the challenge will be trying to figure out if its us retail investors buying the rumors or if well connected individuals are buying the future news.
**If I am talking bs or made mistakes in this post please call me out on it. That's how we all learn. Thanks! **
Edit : I am wrong about August 10th. The date to look out for is August 16, according to this post
submitted by Tkldsphincter to CryptoCurrency [link] [comments]

SEC will review application by Bitwise and NYSE Arca for launching bitcoin on ETF

SEC will review application by Bitwise and NYSE Arca for launching bitcoin on ETF

https://preview.redd.it/1hoijvthrrz31.jpg?width=900&format=pjpg&auto=webp&s=ff83c1507508f9be4124600d74b418c19decc09a
The U.S. Securities and Exchange Commission (SEC) will review its decision on the application to launch a Exchange-Traded Fund (ETF) on bitcoin, filed by Bitwise and the NYSE Arca exchange.
According to the SEC, the application will be reviewed, as the refusal on it was made "with violations". At the same time, the Commission emphasizes that the application was rejected due to the fact that the companies did not provide sufficient evidence of the stability of the crypto-currency market to manipulation and fraud.
One of the most important issues on the part of regulators when launching a bitcoin ETF is the stability of derivatives markets to manipulation. Since the Bitwise and NYSE Arca bid is again pending, people can file letters with the SEC supporting the proposal or criticizing it.
Note that Bitwise and NYSE Arca do not lose hope for the approval of their application. After receiving a waiver from the SEC in October this year, the companies said they intend to re-apply to launch a bitcoin ETF "as soon as possible."
In early September, SEC Chairman Jay Clayton said that although significant steps have been made towards the launch of an ETF for bitcoin, there is still " work to be done."
#US #SEC #Bitwise #NYSE #ETF #bitcoin #regulation
submitted by QBEXCHANE to u/QBEXCHANE [link] [comments]

Bitcoin [BTC] – US SEC to Review Decision to Reject Bitwise and NYSE Application for a Bitcoin ETF

Bitcoin [BTC] – US SEC to Review Decision to Reject Bitwise and NYSE Application for a Bitcoin ETF submitted by PentaBeer to CryptoCurrencyTrading [link] [comments]

Bitwise Files for a Bitcoin ETF with the SEC, Plans to list on NYSE Arca

Bitwise Files for a Bitcoin ETF with the SEC, Plans to list on NYSE Arca submitted by rishabh_bose to Bitcoin [link] [comments]

NYSE files to list leveraged Bitcoin ETFs

NYSE files to list leveraged Bitcoin ETFs submitted by gredol to Bitcoin [link] [comments]

SEC announced it was beginning its review of a Bitcoin ETF rule change proposal filed by NYSE Arca and Bitwise Asset Management, meaning they have 45 days to make its initial decision on whether to approve, reject or extend the proposal

SEC announced it was beginning its review of a Bitcoin ETF rule change proposal filed by NYSE Arca and Bitwise Asset Management, meaning they have 45 days to make its initial decision on whether to approve, reject or extend the proposal submitted by Blockfolio to CryptoCurrency [link] [comments]

Bitcoin [BTC] – US SEC Rejects Bitwise and NYSE Arca Proposal to List a Bitcoin ETF Citing Price Manipulation

Bitcoin [BTC] – US SEC Rejects Bitwise and NYSE Arca Proposal to List a Bitcoin ETF Citing Price Manipulation submitted by Crypto-Economy to cryptoeconomynet [link] [comments]

Bitcoin [BTC] - La SEC de EE. UU. Rechaza la propuesta de Bitwise y NYSE Arca para enumerar una manipulación de precios de cotización ETF de Bitcoin

Bitcoin [BTC] - La SEC de EE. UU. Rechaza la propuesta de Bitwise y NYSE Arca para enumerar una manipulación de precios de cotización ETF de Bitcoin submitted by Crypto-Economy to CryptoeconomyES [link] [comments]

NYSE parent ICE files for bitcoin ETF

NYSE parent ICE files for bitcoin ETF submitted by sedonayoda to Bitcoin [link] [comments]

Altcoin News: NYSE Has Filed an Application to Change the Rules for Listing Bitcoin ETFs

Altcoin News: NYSE Has Filed an Application to Change the Rules for Listing Bitcoin ETFs submitted by Altcoin-Magazine to CryptoMarkets [link] [comments]

NYSE parent ICE files for Bitcoin ETF with the SEC!!!

NYSE parent ICE files for Bitcoin ETF with the SEC!!! submitted by BitcoinReminder_com to Bitcoin [link] [comments]

NYSE files to list bitcoin ETFs, bringing cryptocurrency a step closer to mainstream

NYSE files to list bitcoin ETFs, bringing cryptocurrency a step closer to mainstream submitted by slacker-77 to Bitcoin [link] [comments]

NYSE FILES PAPERWORK FOR BITCOIN ETF APPROVAL!

NYSE FILES PAPERWORK FOR BITCOIN ETF APPROVAL! submitted by ososru to Bitcoin4free [link] [comments]

NYSE FILES PAPERWORK FOR BITCOIN ETF APPROVAL!

NYSE FILES PAPERWORK FOR BITCOIN ETF APPROVAL! submitted by Rufflenator to 3bitcoins [link] [comments]

Bitcoin Going Mainstream: NYSE Seeks Approval for Two ETFs

Bitcoin Going Mainstream: NYSE Seeks Approval for Two ETFs submitted by BerskyN to Bitcoin [link] [comments]

SEC Starts Review of NYSE Arca’s Bitcoin ETF Rule Change ProposalErisX to CFTC: Regulated ETH Futures Would Result in More Robust, Liquid Market

SEC Starts Review of NYSE Arca’s Bitcoin ETF Rule Change ProposalErisX to CFTC: Regulated ETH Futures Would Result in More Robust, Liquid Market submitted by CelesChain to u/CelesChain [link] [comments]

NYSE and Cboe File For Bitcoin ETFs

NYSE and Cboe File For Bitcoin ETFs submitted by Scerdoo to Bitcoin [link] [comments]

Altcoin News: NYSE Has Filed an Application to Change the Rules for Listing Bitcoin ETFs

Altcoin News: NYSE Has Filed an Application to Change the Rules for Listing Bitcoin ETFs submitted by Altcoin-Magazine to Crypto_Currency_News [link] [comments]

NYSE files to list bitcoin ETFs, bringing cryptocurrency a step closer to mainstream

https://www.cnbc.com/2017/12/20/nyse-files-to-list-bitcoin-etfs-bringing-cryptocurrency-a-step-closer-to-mainstream.html
submitted by RedScouse to investing [link] [comments]

NYSE Arca Seeks Rule Change to List ETF Backed by Bitcoin and T-Bills

NYSE Arca Seeks Rule Change to List ETF Backed by Bitcoin and T-Bills submitted by leftok to atbitcoin [link] [comments]

A new NYSE-traded Bitcoin ETF if about to give the Winklevoss Bitcoin Trust a run for its money.

A new NYSE-traded Bitcoin ETF if about to give the Winklevoss Bitcoin Trust a run for its money. submitted by jerrybrito to Bitcoin [link] [comments]

NYSE Arca Seeks Rule Change to List ETF Backed by Bitcoin and T-Bills

NYSE Arca Seeks Rule Change to List ETF Backed by Bitcoin and T-Bills submitted by Ranzware to BitNewsLive [link] [comments]

MMCrypto-Bitcoin ETF might only get approved in early 2019  CBOE, NYSE, BAKKT  ErisX Wall Street Legend Says Bitcoin ETF SEC’s Decision On Bitcoin ETF Bitcoin ETF Battle - NYSE Arca Bitwise vs CBOE VanEck SolidX vs Winklevoss Twins & Nasdaq BAKKT Bitcoin ETF, EOS Parsl Airdrop, EOSBET Dice Airdrop, DiceBet

NYSE Bitcoin Index: Hier finden Sie alle Informationen über den Index NYSE Bitcoin Index: Historische Kurse, Charts und zugehörige Werte. The Bitcoin ETF Saga Continues but with ‘Crypto Mum’ on Our Side. After the SEC Commission did not approve the listing of the long-awaited Winklevoss Bitcoin Trust in mid-2018, SEC Commissioner Hester Peirce, which has since been dubbed ‘Crypto Mum’, published a letter of dissent stating that she believes that the market is ready for a Bitcoin ETF and that she does not agree with her ... Reality Shares Advisors and Amplify Trust ETF launched the first blockchain-based exchange-traded funds on Nasdaq today. Comprehensive information about the NYSE Bitcoin index. More information is available in the different sections of the NYSE Bitcoin page, such as: historical data, charts, technical analysis and ... Yet another journey to launch a bitcoin exchange-traded fund (ETF) has begun. According to a published notice, the U.S. Securities and Exchange Commission (SEC) has begun reviewing a proposed rule change for a bitcoin ETF filed by NYSE Arca and Bitwise. The Commission now has 45 days from the date of publication to make a final decision on whether to approve, reject or extend the rule change.

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MMCrypto-Bitcoin ETF might only get approved in early 2019 CBOE, NYSE, BAKKT ErisX

This video is unavailable. Watch Queue Queue. Watch Queue Queue BAKKT Bitcoin ETF, EOS Parsl Airdrop, EOSBET Dice Airdrop, DiceBet Wickedly Crypto. Loading... Unsubscribe from Wickedly Crypto? Cancel Unsubscribe. Working... Subscribe Subscribed Unsubscribe 2 ... - Bitcoin ETF 'virtually certain" says finance expert Ric Edelman on CNBC - A new proposed exchange-traded fund (ETF) would invest in bitcoin futures – though only as part of a larger set of ... NYSE ARCA Bitwise Bitcoin ETF - Fidelity Digital Assets - XRP FUD - Paycent XRP - Athena Bitcoin - Duration: 27:24. Thinking Crypto 4,389 views. 27:24. NYSE ETF 2x bitcoin? #investors #investing #investments. This video is unavailable. Watch Queue Queue

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