participants to understand the feasibility of the arbitrage for ETFs investing substantially in cryptocurrency and cryptocurrency-related products?". On 4 December 2017, nyse Arca (the top.S. Even if they do somehow get approved, since neither of these to ETFs would buy/sell/hold any bitcoin, the effects of such approval on the Bitcoin price would probably be fairly limited.
Potential Manipulation and Other Risks:.g. Unless youve been living under a rock you will have no doubt heard about August 10 the date the SEC will decide its ruling on a proposed bitcoin ETF. However, in view of the fact that Bitcoin (and other cryptocurrencies) are experiencing a bear market and concerns expressed by the Commissioners just last month (especially regarding price manipulation in Bitcoin markets it seems unlikely that the ProShares Bitcoin ETFs will get approved). Custody: "To the extent a fund plans to hold cryptocurrency-related derivatives that are physically settled, under what circumstances could the fund have to hold cryptocurrency directly?". There is no doubt a large contingent of avid bitcoin investors and traders out there who have been eagerly awaiting this decision, but if CryptopherWalken is right (and with a name like that, how could he not be it appears we may have to wait.
In collaboration with the New York-based Van Eyck Investment Firm and blockchain platform SolidX, cboe Global Markets put forward the proposal for a license to list and trade a bitcoin-based ETF. For this reason, two previous applications for bitcoin ETFs this year have already been rejected by the commission. Chervinsky seems to agree with this assessment: And this is why so many crypto traders/investors are so obsessed with what happens with the VanEck-SolidX Bitcoin ETF (which is a "physically-backed" product). So why August 10 for a bitcoin ETF decision? Securities and Exchange Commission (SEC) received an application from cboe Global Markets for a bitcoin exchange-traded fund (ETF) license. Featured Image Credit: Photo via. He has worked on the trading floors of the worlds biggest interdealer broker in London and helped integrate crypto-services into IT trading systems. Mark Hartley is an IT specialist, freelance writer, keen traveler, and blockchain enthusiast. ProShares Bitcoin ETFs: Final SEC Deadline Is ; Any Chance of Approval? SEC's final deadline to approve or deny the two ProShares Bitcoin ETFs (proposal filed in December 2017) is on On 4 December 2017, nyse Arca (the top.S. "What steps would funds investing in cryptocurrencies or cryptocurrency-related products take to assure that they would have sufficiently liquid assets to meet redemptions daily?". The CoinGape article appears to have reached the date due to a notice from the SEC stating that a decision will be no less than 45 days from the date of publication in the Federal Register.
SEC s final deadline to approve or deny the two ProShares. Bitcoin, eTFs (proposal filed in December 2017) is on 23, august 2018.