ETF

A new and fresh plot begins in the soap opera of the ETFs on Bitcoin with the sending of an official letter from the SEC to NYSE heads. The letter communicates to the concerned people in control of the New York market which the commissioners have demanded studies in depth and the sentiment sent out this very week could be revised and reviewed.

There is hope that the US Securities and Exchange Commission (SEC) might change its decision to deny nine Bitcoin-related Exchange Traded Funds (ETFs).  Brent Fields, the SEC secretary revealed in a letter to the New York Stock Exchange (NYSE) that the commission chairman and commissioners are considering whether to review and revise the action authorized and delegated to its staff, adding that until that time the current decision is pertinent.

Rivemont Crypto Fund, based in Canada, has described $6,000 Bitcoin (BTC) price as a crucial support. The details and factors that led to the conclusion of this description have been posted on the firm's Facebook account.

The price of Bitcoin scored another deep drop on Wednesday, August 8, forcing the value of the chief crypto to a 3-week low.

One of  Wall Street's jumbo cryptocurrency maniacs noted that the price of Bitcoin could be prepared for a great breakout if it goes forward to hold close to its current level at $7,500.

After U.S regulators rejected the  Winklevoss twins' demand for a Bitcoin Exchange Traded Fund (ETF), the crypto once more shows its resiliency and hardiness, staying above US$8,000.

On Friday, July 27, the U.S Securities and Exchange Commission (SEC) disallowed the Winklevoss Bitcoin ETF leading the Bitcoin price to fall by almost 4 percent.

Cboe Global Markets, Inc. (Cboe), one of the largest exchanges in the world, urged in a letter the U.S. Security and Exchange Commission (SEC) to clear the way for Bitcoin exchange-traded-funds (ETFs) which are trying to join the financial market.  

First Crypto ETF, the world’s first exchange-traded fund for cryptocurrencies, will establish a Dash masternode and distribute the rewards earned through the masternode to First Crypto ETF token holders.