The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
Bitcoin

Bitcoin (BTC) Down 4% As the U.S. SEC Further Delays VanEck Bitcoin ETF Proposal

by Miki 06/17/2021
by Miki 06/17/2021 0 comment

After trying to consolidate at around $40,000 levels over the last two days, Bitcoin (BTC) is down 4% as of writing this story slipping under $38,500 levels. At press time, the BTC price is training 4.21% down trading at $38,282 with a market cap of $720 billion.

Bitcoin comes under pressure as the U.S. Securities and Exchange Commission (SEC) has further delayed its decision to approve the VanEck Bitcoin ETF. The SEC said that it will be seeking more public comments on this derivatives product that will list on the CBOE Global Market Inc.

In Wednesday’s announcement, the SEC has asked the public to weigh in and share its opinion on the aspects of the CBOE proposal. As per Bloomberg, the SEC has set a further deadline in July, further extended to August, to seek public comments on the proposal. Some of the key questions asked by securities regulator include:

  • Whether the trust and shares associated with the ETF would be susceptible to manipulation?
  • Whether Cboe’s plan is set up to prevent fraud and manipulation?
  • How transparent is Bitcoin?
  • Has regulation of the Bitcoin market changed substantially in the past five years?
  • What views do commentators have on the size and regulation of CME’s Bitcoin futures contracts?

Bitcoin ETF Approval Long Overdue

The approval of the first Bitcoin ETF approval in the U.S. is long overdue. Other markets like Canada have already given green signals to financial players floating their Bitcoin ETF. The Purpose Bitcoin ETF has accumulated a large quantity of BTC over the last few months since its launch.

SEC Commissioner Hester Pierce also popular as crypto mom has voiced her opinion several times in support of Bitcoin ETF’s approval. In an interview with Forbes, Pierce also stated that delaying the Bitcoin ETF approval will have consequences as investors will start moving to other options in seeking exposure to Bitcoin.

Pierce noted that refusal to approve the crypto ETF has created an “investor protection problem” and the U.S. investors are going through “less direct routes to get the same results”.

Source link

Views: 0
BitcoinBTCDelaysETFProposalSECVanEck
Share
0
FacebookTwitterPinterestEmail
previous post
World Bank Denies Any Help to El Salvador for Bitcoin (BTC) Implementation
next post
U.S. SEC Postpones VanEck’s Bitcoin ETF Application Again

Related Posts

Elon Musk thinks this individual could be the...

12/29/2021

Bitcoin price trades under $48k as $6 billion...

12/29/2021

Indian security regulator warns mutual funds against investing...

12/29/2021

Bitcoin Will Remain ‘Digital Gold’, But Not A...

12/29/2021

Key Factors that Propelled Ether’s 4X Growth over...

12/28/2021

Gold Proponent Peter Schiff Claims Bitcoin is Losing...

12/28/2021

Trend Is Again Shifting From Outflows To Inflows

12/28/2021

Why Bitcoin Will Never Surpass The Market Cap...

12/28/2021

Crypto hacks led to $9.8 billion in losses...

12/28/2021

Is Bitcoin (BTV) Going To Hit $100k? Ambitious...

12/28/2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

    12/29/2021
  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

    12/29/2021
  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

    12/29/2021
  • Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

    12/29/2021
  • Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

    12/29/2021

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)

About Us

About Us

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, blockchain, Market, and more.

Featured Posts

  • Tezos, IOTA, Compound Price Analysis: 23 September

  • Dogecoin outshines Ethereum, BNB, Cardano, and XRP under this condition!

  • Why Is Bitcoin-Twitter Suddenly Obsessed With The Essay “Anatomy Of The State”?

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)
  • Facebook
  • Instagram
  • Linkedin
  • Contact
  • Privacy Policy
  • Terms & Conditions

@2021 -thecryptonewsweb.com - All Right Reserved.

The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
  • RelevantRelevant(REL)$0.825.35%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127234.37%
  • WTF TokenWTF Token(WTF)$0.0113500.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.005460-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Falcon ProjectFalcon Project(FNT)$0.000366-2.23%
  • DYORDYOR(DYOR)$0.00002020.53%
  • TICOEX TokenTICOEX Token(TICO)$0.0013640.52%
  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • bitcoinBitcoin(BTC)$29,876.00-1.79%
  • ethereumEthereum(ETH)$2,034.14-1.99%
  • tetherTether(USDT)$1.00-0.04%
  • usd-coinUSD Coin(USDC)$1.000.09%
  • binancecoinBNB(BNB)$299.69-2.05%
  • rippleXRP(XRP)$0.427215-1.31%
  • cardanoCardano(ADA)$0.56-2.92%
  • SolanaSolana(SOL)$55.33-1.61%
  • Binance USDBinance USD(BUSD)$1.000.34%
  • dogecoinDogecoin(DOGE)$0.089233-1.18%
  • polkadotPolkadot(DOT)$10.46-5.75%
  • AvalancheAvalanche(AVAX)$33.39-0.97%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$29,876.00-1.85%
  • Lido Staked EtherLido Staked Ether(STETH)$1,999.98-1.96%
  • tronTRON(TRX)$0.0716421.55%
  • Shiba InuShiba Inu(SHIB)$0.000012-1.80%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • daiDai(DAI)$1.00-0.05%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • AlexAlex(ALEX)$0.068435-0.04%
  • litecoinLitecoin(LTC)$71.221.09%
  • CronosCronos(CRO)$0.197019-1.26%
  • matic-networkPolygon(MATIC)$0.70-1.45%
  • leo-tokenLEO Token(LEO)$5.052.92%
  • LADZLADZ(LADZ)$0.0686894.36%
  • NEAR ProtocolNEAR Protocol(NEAR)$6.45-5.60%
  • FTX TokenFTX Token(FTT)$31.24-3.25%
  • HederaHedera(HBAR)$0.389473-3.44%
  • bitcoin-cashBitcoin Cash(BCH)$203.15-1.37%
  • RareRare(RARE)$0.0461220.00%
  • chainlinkChainlink(LINK)$7.47-4.02%