#Bitcoin Bitcoin ETF delayed: Crypto winters get colder Published 3 months ago on December 7, 2018 By Nadja Eriksson Share Tweet As expected, the SEC has delayed the decision on the proposal of commodity-backed VanEck/SolidX Bitcoin ETF. However, this may be the last time that the decision on Bitcoin ETF is being delayed and the hence the final result shall be out on 27th February next year. SEC’s decision The Securities and Exchange Commission has been continuously delaying the decision on the approval of Bitcoin ETF but yesterday’s date was crucial as in yesterday’s order, it is mentioned lawfully that the SEC needs to approve or disapprove the proposed Bitcoin Exchange Traded Product on 27th February 2019. According to the statement mentioned in the order, pursuant to Section 19 (b) (2) of the Act, the SEC must either approve or disapprove the proposed ETF on February 27, 2019. Bitcoin ETF: What Next? If the Bitcoin ETF is approved on the coming date, then it may the best news for all cryptocurrency investors who have been eagerly waiting for the same since years now. Approval of Bitcoin ETF can lead to a mass adoption of Bitcoin throughout the world. If the Bitcoin ETF is denied by some chance, VanEck/SolidX can file an appeal to have the SEC Commissioners which also include Elad Roisman, who was recently appointed as the SEC Commissioner by President Donald Trump review the decision of the staff. A similar case was experienced during the Bitcoin ETF proposal by the Winklevoss Twins which was earlier denied by the staff and later affirmed by the Commissioners. The cryptocurrency market has been facing the coldest winters this year with the price of bitcoin falling to around half in just a few weeks. Bitcoin was trading around $6500 at the start of November and crashed down up to around $3300 earlier today. Bitcoin Exchange Traded Product approval was the only hope left for the market to recover back but the news of the delay has only poured more snow. Related Topics:BitcoinBitcoin crashBitcoin ETFBitcoin Exchange Traded Productbitcoin marketbitcoin priceBTC ETFCrypto ETFCryptocurrency ETFETFSolidX Bitcoin ETFVanEck Bitcoin ETFVanEck/SolidX Bitcoin ETFWinklevoss twins Up Next Cryptocurrency Market Analysis: Bitcoin, Altcoins all freezing Don't Miss Roger Ver & Bitmain face lawsuit for allegedly hijacking Bitcoin Cash Network Continue Reading You may like Bitconnect Scam: How to receive $2.5 Billion Refund from FBI? Bakkt: How will it affect Bitcoin Price? BTC to the moon? Alert: CME Bitcoin Futures Experiencing Record Breaking Volumes Bitcoin Price Analysis: BTC to $4200? Group of US Advocacy Calls for National Action Plan on Blockchain Elon Musk: Cryptocurrency is the future, Paper Currency going to end. 2 Comments 2 Comments Pingback: Bitcoin ETF delayed: Crypto winters get colder - Satoshiuncle Pingback: Bitcoin ETF: Reasons why VanEck Bitcoin ETF can be approved soon - Coinnounce - We2read Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website #Bitcoin Alert: CME Bitcoin Futures Experiencing Record Breaking Volumes Published 23 hours ago on February 22, 2019 By Nadja Eriksson These days saw the highest and rapid increase ever for Bitcoin futures on the Chicago Mercantile Exchange as the amount exceeded 18,000. Institutional investors are paying attention to this as the bitcoin future contracts get snapped up at an ever-increasing rate. Record of BTC Contract Size on CME: As per the stats of CME they were 18,338 on Wednesday, which is the highest figure ever recorded till now. This is equivalent to 91,690 Bitcoins or roughly $365 million at today’s prices. Upcoming contracts enable explorers to bet on the prices rather than to purchase the physical assets. So these figures might be a little misleading. When the new product which offers the physically settled contracts hit the market, they will be paying out in BTC which will drive tremendous momentum for crypto markets. Over the past year or so the expectation of a crypto Exchange Traded Fund (ETF) being launched has been telecasted and dominated the news. The year 2018, has been the year of regulation and cooling off which was only to be expected after the previous year of rampant FOMO and parabolic market action. This year 2019, is expected to be different as many industry experts predict the launch of at least one institutional investment vehicle. As per the Block European exchange giant, Eurex is preparing to launch crypto and bitcoin futures so the list of institutional offerings is increasing rapidly. The cognate exchange is operated by Germany’s Deutsche Börse, which will be offering Bitcoin, Ethereum and XRP imminently according to the report. Exchange traded funds are the future: In addition to these future products, there is already one type of Exchange Traded Funds that are actually traded through an ETN (exchange-traded note) which allows investors to get direct exposure to Bitcoin prices. The Grayscale Bitcoin Trust (GBTC) crosses the technicalities of buying and storing Bitcoin but still allows investors to get into the action by buying shares that trade at around a thousandth of the price of BTC. GBTC has been highly popular with over $800 million which is already invested in the Bitcoin fund. Furthermore, Bitcoin is the most popular. The fund eliminates the volatility of buying and owning Bitcoin directly which is something that institutions want. Continue Reading #Bitcoin Elon Musk: Cryptocurrency is the future, Paper Currency going to end. Published 3 days ago on February 20, 2019 By Nadja Eriksson Enthusiastic towards cryptocurrency also the CEO of Tesla, Elon Musk, stated that the Day is not far when the paper currency will fade away and shall be replaced by the Bitcoin. Which clearly means Musk is in favor of the decentralized currency ( also known as cryptocurrency). In one of the episodes of ‘On The Road To Full Autonomy With Elon Musk, which is hosted by Tasha Keeney, the CEO spoke and discussed the developments that Tesla shall undergo and also spoke about the cryptocurrency with regard the future of technology and finance. When Elon Musk was asked regarding Jack Dorsey’s prediction, which was that the Internet shall be witnessing Bitcoin as its native currency soon, Elon Musk answered it and found it interesting. He further said that the idea and also the structure of the Bitcoin is great and it seems like there is some advantage to Ethereum. Elon Musk is not sure whether it will be good for Tesla resources to get into cryptocurrency. Elon Musk also said that Bitcoin and Ethereum scammers were so rampant on Twitter, he decided to join in and He said at one point that he wants to buy some Bitcoin. Then his account got suspended cause obviously there was some automatic rule, he then ended the conversation by saying that he was just joking. A campaign was started by Twitter which deleted several bogus accounts for “coordinated manipulation,” and promotion of cryptocurrency scams, Elon Musk appreciated the website’s efforts. Elon Musk added that the disadvantage of cryptocurrency is that the nature of production is energy intensive as regards to the mining process. Keeney referenced to the terrible financial condition in Africa, where the restrictions on the currency stop the citizens from converting their currencies and forcing them to go through the US dollar. To which Musk replied that cryptocurrency is a far better way to transfer money or value rather than pieces of paper. Paper money is going away. Even after Elon Musk’s positive statement on cryptocurrencies, his recognition for the structure and concept of Bitcoin and Ethereum and his confirmation that paper money will be replaced by the decentralized currency, the Tesla CEO made it clear that his company will not be selling Bitcoins. Continue Reading #Bitcoin Tim Draper: Bitcoin Mass Adoption till 2021 Published 3 days ago on February 20, 2019 By Layla Harding Bitcoin is considered as digital gold or e-gold which has achieved dominance in the field of cryptocurrency. Tim Draper, who is the inventor of the Billionaire Bitcoin, predicted the rapid increase in the growth of the Bitcoin or cryptocurrency in the world and said in an interview with the FOX Business on 18th Day of February 2019 that the world will soon start buying coffee by using Bitcoin. According to his prediction, the world is just 2 years away from when everybody shall start to use Bitcoin. By 2023, Baristas would be laughing at people who shall make the payment of their purchase by using the currency other than the Bitcoin, Tim Draper added. Even after having a large number of Bitcoins, Tim Draper has no plan to trade or sell any of his Bitcoin. Tim Draper previously claimed and predicted that by 2022, the net value of Bitcoin will reach to $250,000 per coin. The prediction is also said to be the highest prediction coming from the industry of cryptocurrency. But Draper is still not clear on how this rapid growth will take place but he is enough confidence that there will be massive growth in cryptocurrency. Recently the CEO of Twitter, Jack Dorsey also publicized Bitcoin. Continue Reading Advertisement Advertisement Advertisement Advertisement Latest Crypto News #Exchange5 hours ago German’s Giant Derivatives Exchange to launch BTC, ETH and XRP futures. #STO5 hours ago STO: Thailand set to legalize Security Token Offerings #Scam21 hours ago Bitconnect Scam: How to receive $2.5 Billion Refund from FBI? #Bakkt22 hours ago Bakkt: How will it affect Bitcoin Price? BTC to the moon? #Bitcoin23 hours ago Alert: CME Bitcoin Futures Experiencing Record Breaking Volumes #Ethereum1 day ago Guide: How to get started with Ethereum? #Blockchain1 day ago Brief: How do smart contracts work? #Ripple Price Analysis1 day ago Ripple Price Analysis: XRP going to fall down? #Ethereum Price Analysis1 day ago Ethereum Price Analysis: ETH to $160 or $130 today? Banking2 days ago Mizuho Financial Group: Giant Japanese Bank to launch its Stablecoin #Apple2 days ago Apple crashes down from #1 to #7: Most Innovative Companies Ranking #Blockchain2 days ago Be ready to login into Facebook using Blockchain Technology. #Bitcoin Price Analysis2 days ago Bitcoin Price Analysis: BTC to $4200? #Blockchain2 days ago What is a decentralized application? Top 3 decentralized applications. #Ripple Price Analysis2 days ago Ripple Price Analysis: Will XRP Rise or Fall? Trending #Bitcoin5 months ago Bitcoin BTC ETF 101, October 2018 #Bitcoin5 months ago Bitcoin ETF: Latest updates and all you need to know Adoption5 months ago SWIFT will use XRapid to process payments using XRP. Here is the proof #Blockchain7 months ago What is Aeternity Token and its future? Fully Explained. #Blockchain6 months ago What is Mithril coin? Trade MITH on Blockonix exchange. #Blockchain7 months ago What is Maker Token? Fully Explained. Is MKR overpriced? #Blockchain6 months ago What is DigixDAO coin? Trade DigixDAO on Blockonix Exchange. Altcoins8 months ago Can ripple reach $1000 by 2019?