Bitcoin Futures ETF Is Coming, No SEC Opposition
All gas, no brakes. That’s the SEC’s sentiment regarding the potential launch of initial Bitcoin futures ETFs that could hit the market as early as next week. After fielding nearly a decade’s worth of crypto ETF applications, it’s without question a landmark moment. Let’s take a look at what we know, what it means, and what could be in store in the days to come. Give ‘Em The Green Light According to an initial report from Bloomberg, Bitcoin ETF applications submitted from ProShares and Invesco Ltd. have no substantial hurdles to overcome with SEC....
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Bitcoin ETFs have been a hot topic of discussion in the crypto space recently. Rumors of approval have circulated in recent days and the SEC looks set to give its approval to its first ETF. There have been speculations as to which ETFs would get approved first, but it looks like the Valkyrie Bitcoin ETF […]
For all of the opposition Bitcoin is facing these days; there is no reason for anyone to think cryptocurrency will go away anytime soon. It is not the first time a disruptive idea gets a lot of backlash before it is eventually embraced by the masses, indicating plausible survival chances for Bitcoin and its growth. Nikola Tesla and his alternating current concept share a lot of similarities with Bitcoin in this regard. Looking at things from a historical perspective, there has been a lot of opposition when it comes to innovation and disruption. One of the most prominent examples is Nikola....
One of the world's largest Bitcoin exchanges, OKCoin, has just announced yet another service they will be adding for their Bitcoin traders - futures. Futures allow for traders to hedge their risk when dealing with high levels of volatility, which is one of the largest challenges Bitcoin faces at this time. Futures trading is something offered on most stock brokerage service such as E*Trade or TDM Ameritrade, and is now coming to the Bitcoin arena. OKCoin's futures trading allows traders to "lock in" future prices to buy their coins. Futures are legally binding agreements between two....
The Office of the Comptroller of the Currency (OCC) has been pressured to turn down Sony Bank’s bid to enter US crypto banking. According to reports, letters from banking and community groups filed in early November have raised sharp opposition about the plan and its possible effects. Related Reading: Visa Taps Stablecoins To Eliminate Payment […]
Following New York's BitLicense implementation a few months back, California is now drafting up its own bitcoin regulation as well. Not surprisingly, this drew plenty of opposition among cryptocurrency enthusiasts in the state. Interestingly enough, there is also a split among those criticizing California's bitcoin regulation. Last week, Coin Center executive director Jerry Brito tried to distance his organization from the Electronic Frontier Foundation (EFF) and the Copia Institute. California Bitcoin Regulation Debate. Back when the draft of AB-1326 was filed in the Senate Committee on....