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The US Securities and Exchange Commission (SEC) is postponing its decision on both the proposed VanEck / SolidX Bitcoin exchange-traded fund and the Bitwise Bitcoin ETF proposal.
The VanEck SolidX Bitcoin ETF proposal, to be listed on the Cboe BZX, was withdrawn in January due to the closure of the US government before being reinstated later in the month. Today's announcement and the resulting delay allow the SEC to extend its decision. The new deadline is May 21st.
Gaboracs, a digital badets strategist and director at VanEck, said the SEC's decision to delay was expected.
SEC extends revision period for VanEck SolidX #Bitcoin #AND F. This is planned. Next milestone on 21/05/2019. We will keep you informed of public information and deadlines. Thank you for your support! ? We fight the good fight together! Https: //t.co/8n0B0qPuGQ pic.twitter.com/49tat2RhfB
– Gabor Gurbacs (@gaborgurbacs) March 29, 2019
The SEC also released its decision on the Bitwise Bitcoin ETF, which was filed with NYSE Arca on Feb. 15. The SEC's decision to delay the deadline means that the Commission now has an additional 45 days, until May 16, to approve or reject the proposal.
Despite the SEC's persistent delays in approving or rejecting the first fully regulated Bitcoin ETF, it crossed $ 4,100 on Friday and is currently trading at $ 4,140, up 2.61% at the time of writing. this document.
The second largest cryptocurrency in the world, Ethereum, rose 5.27% to $ 144.52, while XRP, the third-largest cryptocurrency, rose 0.77% to $ 0.30 time of writing.
This rally marks the first time that Bitcoin has crossed the $ 4,100 since last year, when BTC reached $ 4,125 on December 24th.
Bitcoin
All crypto currencies in the top 10 are currently flashing green, with the exception of Binance Coin, down 1.18%.
BTC's 24-hour transaction volume increased by 25.8 percent in six hours on Friday, from $ 282.35 million to $ 355.15 million, according to data compiled by the Real 10 volume index. from Messari. The recently launched index consolidates the trading volume of a small group of crypto-currency exchanges that seem to provide accurate numbers, including Binance, Bitfinex, Bitflyer, Bitstamp, Bittrex, Coinbase Pro, Gemini , itBit, Kraken and Poloniex.
The main stock exchanges listed on CoinMarketCap, such as BW.com, BitForex, OKEx and Huobi, are excluded.
"Real 10" Volume of 24 hours of Messari
MarketWatch reports that options trading is also up.
"According to Emmanuel Goh, a former equity derivatives trader at JPMorgan and co-founder of Skew, a data badysis company that tracks Bitcoin futures and options data, the daily volume in the options market has doubled since then. the beginning of the year million traded every 24 hours. "
Despite the recovery, badysts are still divided on whether Bitcoin has reached a floor or whether the next hike could begin.
Goh said, "We have a $ 10,000 deadline in September, which is currently a delta of 5", giving BTC a 5% chance of reaching $ 10,000 in September.
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Disclaimer: Daily Hodl's advice is not investment advice. Investors should exercise due diligence before making high-risk investments in Bitcoin, Cryptocurrency or digital badets. Please note that your transfers and transactions are at your own risk and that any loss you may incur is your responsibility. The Daily Hodl does not recommend buying or selling crypto-currencies or digital badets, and the Daily Hodl is not an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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