SEC has lost its newsworthiness after denying the first 100 ETFs and the 1001st ETF is not going to be a "positive news", it is automatically another rejection added to the list.
besides this one includes ETH ETF so it is guaranteed to be denied.
Topic: sec consider new bitcoin and ethereum ETF - page 2. (Read 329 times)
this is not even a news in my opinion
SEC has lost its newsworthiness after denying the first 100 ETFs and the 1001st ETF is not going to be a "positive news", it is automatically another rejection added to the list.
besides this one includes ETH ETF so it is guaranteed to be denied.
SEC has lost its newsworthiness after denying the first 100 ETFs and the 1001st ETF is not going to be a "positive news", it is automatically another rejection added to the list.
besides this one includes ETH ETF so it is guaranteed to be denied.
When we are in a bull run, there's a lot of positive news coming around. So this news is very welcoming indeed. Imagine if this so called ETF's will be approved soon, I'm sure that the market will explode. But then again, we have to wait for the decision, as it might take months or years before we even have a chance to see an approval.
Quote
https://cointelegraph.com/news/sec-to-consider-new-bitcoin-and-ethereum-exchange-traded-fund-application
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. This means that most investors who decide to buy or sell shares of XBET place their trade orders through their brokers and may incur customary brokerage commissions and charges,” the filing confirms.
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. This means that most investors who decide to buy or sell shares of XBET place their trade orders through their brokers and may incur customary brokerage commissions and charges,” the filing confirms.
In a bull market every news is good news.
A new life is coming to the cryptocurrency ecosystem, and etf may be finally coming. An ethereum ETF would also be amazing , what could trigger a new ico crazy. This time I will stay away and keep only eth and BTC
Jump to: