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In March 2017, the U.S. Securities and Exchange Commission (SEC) denied the first ever bitcoin exchange-traded fund (ETF) proposal. Since then, many bitcoin ETF applications have been filed by nearly ten companies, and many of them have been rejected by the SEC for similar reasons. This week, in a presentation to the SEC, Bitwise revealed that the overwhelming majority of the trading volume in the bitcoin exchange market is fake and that a substantially large portion of the global bitcoin volume comes from the United States. Ironically, the fake volume plague in the cryptocurrency exchange market may increase the probability

The post Why Fake Crypto Volume Plague Could Actually Raise Odds of Bitcoin ETF Approval appeared first on CCN

U.S. crypto investors have been waiting for what seems like forever for a Bitcoin ETF, but the Securities and Exchange Commission keeps scowling at their proposals. However, there’s another innovative exchange-traded fund (ETF) proposal sitting on the SEC’s desk, and while it engages solely with traditional markets, it’s nevertheless based on a scheme that observers must admit is a naked marketing ploy. In the works is what’s supposed to be a low-cost ETF that not only slashes fees to the bone but actually pays investors to purchase shares. If the SEC green lights this fund, Bitcoin proponents would rightfully be

The post Bitcoin Backers Should Be Ticked if SEC Approves Negative-Fee ETF appeared first on CCN