The long-awaited launch of the Bitcoin ETF may happen on Monday.
Citing “people with knowledge of the matter,” Bloomberg reports that the Securities and Exchange Commission is preparing to approve the country’s first Bitcoin ETF. An anonymous source said:
The regulator will likely allow these products to begin trading next week.
Bloomberg expert Eric Balchunas supported this idea. In his opinion, the ProShares Bitcoin Strategy ETF may become the first, since the SEC must publish a decision on it before October 18.
Deadlines for VanEck and Valkyrie entries are October 25th. Balciunas recently reported that these companies have applied to register ticker symbols for their funds. Usually they are registered at the moment when the product is approved and completely ready for launch.
Subscribe to ForkNews in Telegram to stay up to date with news from the world of cryptocurrencies
According to cointelegraph.com
You May Also Like
Iran tries to avoid US sanctions
Iran, following the example of North Korea, which began using Bitcoin during the economic crisis, is planning to do the same, given the difficult economic situation. Bitcoin is now more popular in the country than the national currency, the rial. In this regard, US State Department cybersecurity expert Morgan Wright believes that hackers will intensify Bitcoin extortion in the near future.
Analysis of cryptocurrency pairs BTC/USD, ETH/USD, XRP/USD as of 08/11/2018
The intense fall should stop today. The price will attempt to consolidate near the support level.
