Launching a Bitcoin ETF has always seemed like a distant dream. The Wilshire Phoenix Bitcoin ETF proposal is the latest to be rejected by the SEC. Most people readily agree that the SEC will never approve such a trading vehicle. No one Really Needs a Bitcoin ETF The lack of […]
Tag: Bitcoin ETF
Bitwise Withdraws its Bitcoin ETF Proposal to “Protect Investors”
Many people still have high hopes for a Bitcoin ETF. As more time progresses, those chances have become slimmer altogether. Even Bitwise is now withdrawing its application, albeit temporarily. Still no Bitcoin ETF in Sight The company cites “being consistent with public interest and protection of investors” as the main […]
Bitwise Writes the SEC to Push its Bitcoin ETF Through
The concept of a Bitcoin ETF has been dead in the water for years. Despite another rejection looming on the horizon, Bitwise is not giving up on this idea just yet. It is not the first time that the company wants to explore a Bitcoin ETF. Bitwise Wants its Bitcoin […]
Bitcoin Price Watch: Why Doesn’t the Currency Seem to Be Moving Much?
Since our last price piece, bitcoin – the father of cryptocurrency – has risen by an additional $100 and is now trading for over $3,800. While the news may be positive, it’s hard to get overly excited about the currency’s sudden change in price. The $3,600 – $3,900 range is […]
Will an Approved Bitcoin ETF Really Make Any Difference?
2018 was a year of ups and downs with very few high points and a ton of lows, far too many for the less-than-frequent flyer. When investors, analysts, enthusiasts, and economists look back at why crypto got such a kick in the privates the last few months, you almost inevitably […]
Bitcoin Price Watch: Currency Stands Below Present Resistance Levels
At press time, bitcoin is trading for a little over $3,600 according to popular exchange Bitfinex. Depending on which exchange data you look at, the father of crypto is trading for anywhere between $3,500 and $3,700, meaning bitcoin presently has a trading range of roughly $200. It’s an ugly situation […]
Bitcoin Price Watch: Hope for a Bitcoin ETF Is Starting to Vanish
At press time, bitcoin is trading for just over $3,800. This is no different from where it was during out last price piece, suggesting that the currency may be settling down for the time being. However, we are witnessing bitcoin as it stands at a 15-month low. While the currency […]
Bitcoin Price Watch: Currency Again Slinks Below $4,000
At press time, bitcoin is off to a poor start in December having slunk down below the $4,000 line once again. Presently, the father of crypto is trading for just over $3,800, marking a nasty $300 fall since our previous price piece. The situation is giving rise to many questions: […]
Bitcoin Price Watch: New Lows for Everyone’s Favorite Cryptocurrency
Bitcoin is in very bad shape. There’s no sugarcoating the facts. After falling to $5,500 a few days ago, the weekend took a nasty toll on the cryptocurrency’s price and bitcoin is now trading for under $5,000. The news is quite shocking. The father of crypto has fallen into the […]
Bitcoin Price Watch: Currency May Be Down, But It’s Still an Unstoppable Force
At press time, the father of cryptocurrency is back down in the $6,300 range. This is about $200 lower than where it has stood over the past couple of days. The currency made headlines after it rose back up to $6,500 following word that the Securities and Exchange Commission (SEC) […]
Bitcoin Price Flirting With The Devil at $6666
The father of crypto is flirting with the devil, trading at $6666 at press time. After days or even weeks of bitcoin hovering at around $6,500 and traveling in a sideways motion, many analysts predicted that a sudden rise like this wasn’t in bitcoin’s immediate future. However, it seems the […]
Bitcoin Price Watch: Week in Review for the Leading Figure of Crypto
At press time, the father of cryptocurrency is trading for just shy of $6,600 ($6,575). This is about $100 less than where it stood yesterday. It is unclear if this is some sort of correction attempt on the currency’s part. As we near the end of the week, it’s interesting […]
Bitcoin Price Watch: Currency Stays Put, but Is It Becoming More Mainstream?
The father of cryptocurrency is still trading for over $6,600. The currency is managing to retain its ground despite a few ups and downs in the market and incoming news trends. One source lists several reasons as to why bitcoin is becoming more mainstream, and why its price could climb […]
Bitcoin Price Watch: Price Falls, but Trends Remain High
At press time, the father of crypto has dropped by roughly $100 and is trading for approximately $6,680. Overall, this has been a relatively positive week for the master of cryptocurrencies. While the price may be down for the time being, the asset did manage to retain its $6,700 price […]
Bitcoin Price Watch: Is Another Bull Run in Store?
At press time, bitcoin is trading for over $6,700. That’s roughly $400 more than where it’s stood over the past week, and many are wondering if a year-end bull run is at hand. Recently, the Securities and Exchange Commission (SEC) sought further industry help and commentary regarding the bitcoin ETF […]
Bitcoin Price Watch: Currency Remains at $7,200, Shows More Stability
At press time, the largest cryptocurrency by market cap remains at $7,200, where it has been for nearly 72 hours. However, the price has bumped itself up just enough that $7,300 is likely right around the corner granted bitcoin can keep up this momentum. According to one analyst, bitcoin is […]
SEC Rejects 9 ETF Proposals From Direxion, ProShares and GraniteShares
The U.S. Securities and Exchange Commission has rejected applications from three applicants for nine Bitcoin exchange-traded funds (ETFs). The agency disapproved five leveraged and inverse ETFs from Direxion, one from GraniteShares, and another two from ProShares which would have tracked Bitcoin futures contracts. The rejections came only a day ahead […]
Bitcoin Price Watch: Currency Shows Signs of Maturing, Hits $6,700
At press time, the father of cryptocurrency has jumped to $6,700 – the highest it’s been in a while. This is about $200 “taller” than where it stood just 24 hours ago. Many sources claim that the bitcoin market is beginning to show signs of maturing. The latest sign comes […]