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

The SEC delays its decision on the VanEck SolidX bitcoin ETF proposal yet again. 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.…

SEC to Consider New Bitcoin and Ethereum Exchange-Traded Fund Application

The “XBET” fund from Crescent Crypto Index Services would track the two largest cryptocurrencies. United States regulator, the Securities and Exchange Commission (SEC), is reviewing a new application for a cryptocurrency exchange-traded fund (ETF), documents released on May 9 show.The product comes courtesy of Crescent Crypto Index Services, a subsidiary of benchmarking and passive index investing firm Crescent Crypto Asset Management.It would include a portfolio of both bitcoin (BTC) and ether (ETH), and be active on the New York Stock Exchange (NYSE) under the “XBET” ticker.“XBET is an exchange traded fund.…

Bloomberg: SEC Required Two ETF Funds to Take Blockchain Off Their Tickers

The U.S. SEC reportedly encouraged some funds to change their ETF descriptions. The United States Securities and Exchange Commission (SEC) reportedly required two funds to eliminate the word “blockchain” from their monikers, Bloomberg writes April 12, citing sources familiar with the matter.The exchange-traded funds (ETFs) of both Amplify and Reality Shares reportedly mentioned blockchain in early filings.…