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Topic: Chicago Exchange CBOE Seeks SEC Approval for Bitcoin ETF (Read 138 times)

legendary
Activity: 2562
Merit: 1441
My suspicions are that bankers and regulators in the USA desire centralized crypto markets under their control. The want the vast majority of crypto organized within a centralized market like coinbase. This could explain why many foreign crypto exchanges like bitmex ban US residents to ensure coinbase's centralized market. It is known that goldman sachs bought poloniex for $400 million through circle. It is possible bankers quietly own many other exchanges as well.

If my suspicions are correct. It could mean we won't see a bitcoin ETF in the united states until bankers and regulators have a way to offer one inside of a central market, which they could own or control in some way.

Last I checked the Winklevoss Twins are opposed to bankers and the opposite is likely also true. That could be one of the main reasons why the Winklevoss applications for bitcoin ETF's have not been approved.
legendary
Activity: 3248
Merit: 1402
Join the world-leading crypto sportsbook NOW!
The US Securities and Exchange Commission / (SEC) is examining an application from the Chicago Board Options Exchange (CBOE) which, if approved, could grant the company a coveted BTC ETF license, and bring new waves of institutional investors to the BTC spehere.

ETF approval is an important thing, because it will really introduce bitcoins to various types of investors. It will also make sure that investments are safe and legal. It is also pretty likely to lead to a huge bull run, because of all those new people investing into bitcoin, but I don't think we are going to see the approval soon. Winklewoss brothers make two applications already and the second one was rejected yesterday, I believe. The govs are not ready for such steps, they want more time to pass to make sure that btc truly can be compared to gold.
newbie
Activity: 728
Merit: 0
That is very good news that CME Group is going to start trading ETF based on bitcoin. CME is a place where professionals trade so it is big money and a big scale of trading and it is good for us because the new asset ( ETF) will attract new big investors and it means that additional money will come to the crypto market. It is possible that institutional investors are preparing for the futher growth in bitcoin and of course it means that they are interesting about cryptocurrencies and especially about bitcoin.
full member
Activity: 346
Merit: 102
I believe that when an ICO company will receive a license from the managing Agency, for example, from the SEC. This will only lead to a good quality of future companies. Today, a lot of garbage, from which you need to get rid of.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
The Winklevoss' twins ETF were already rejected by the SEC due to bitcoin's price being volatile thus potentially affecting the outcome of any trades/transactions concerning the ETF. What I'd like to know is how would CBOE propose their ETF to the SEC, knowing that it is possible that the latter will use the same reason in declining the ETF to the former with no remorse. After all, they're essentially the same to the core, so what would CBOE could do or 'say' to appease SEC by any means? I'm already expecting a turn-down but we'll see how things would pan out.
full member
Activity: 364
Merit: 103
The US Securities and Exchange Commission / (SEC) is examining an application from the Chicago Board Options Exchange (CBOE) which, if approved, could grant the company a coveted BTC ETF license, and bring new waves of institutional investors to the BTC spehere.



See more: https://www.xmlgold.eu/en/news/article/705/If-SEC-approves-bitcoin-ETF-BTC-course-will-experience-rapid-jump/

www.xmlgold.eu

the latest news, when a lot of legality issues from crypto and the existence of bitcoin, my additional opinion is very legality is increasingly visible in the eyes, bebrapa countries and offices have strived it into a facility and economic activities for community penguna crypto but that must be considered how the price of tax must be paid and the difference in price from the exchange and even buying and selling, but it is an ease of access and facilities are very good hopefully useful and successful for all of us
member
Activity: 350
Merit: 10
The US Securities and Exchange Commission / (SEC) is examining an application from the Chicago Board Options Exchange (CBOE) which, if approved, could grant the company a coveted BTC ETF license, and bring new waves of institutional investors to the BTC spehere.



See more: https://www.xmlgold.eu/en/news/article/705/If-SEC-approves-bitcoin-ETF-BTC-course-will-experience-rapid-jump/

www.xmlgold.eu
I think if an area uses bitcoin as a means of trading, then it can be said that they have made the right decision and go ahead one step at a time and still use only the trading tools that I think are faulty. time
With taxes collected from countries that have decided to legalize and regulate the use of bitcoin in their countries, they were able to discover revenue streams for countries previously unavailable.
Belief in bicoin will promote the regional economy as well as the whole territory.
sr. member
Activity: 401
Merit: 255
XMLGold.eu: E-currency and Cryptocurrency Exchange
The US Securities and Exchange Commission / (SEC) is examining an application from the Chicago Board Options Exchange (CBOE) which, if approved, could grant the company a coveted BTC ETF license, and bring new waves of institutional investors to the BTC spehere.

See more: https://www.xmlgold.eu/en/news/article/705/If-SEC-approves-bitcoin-ETF-BTC-course-will-experience-rapid-jump/

www.xmlgold.eu
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