ADVERTISEMENT

[email protected]

  • Submit Press Release
  • Submit Guest Post
  • Write for Kryptomoney.com
Latest Crypto News
  • News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Exchanges News
    • Regulations News
  • Price Analysis
    • Bitcoin (BTC) Analysis
    • Ether (ETH) Analysis
    • Ripple (XRP) Analysis
    • Litecoin (LTC) Analysis
    • Bitcoin Cash (BCH) Analysis
    • Binance Coin (BNB) Analysis
  • Industry
    • Events
    • Press Release
  • Start Here
  • Advertise
No Result
View All Result
  • News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Exchanges News
    • Regulations News
  • Price Analysis
    • Bitcoin (BTC) Analysis
    • Ether (ETH) Analysis
    • Ripple (XRP) Analysis
    • Litecoin (LTC) Analysis
    • Bitcoin Cash (BCH) Analysis
    • Binance Coin (BNB) Analysis
  • Industry
    • Events
    • Press Release
  • Start Here
  • Advertise
No Result
View All Result
Latest Crypto News
No Result
View All Result
Home News

US SEC rejects another Bitcoin ETF application

KryptoMoney by KryptoMoney
March 30, 2017
in News
0
US SEC rejects another Bitcoin ETF application

3d rendering of a rubber stamp with REJECTED in red ink

0
SHARES
75
VIEWS
Share on FacebookShare on Twitter

US SEC rejected SolidX BItcoin ETF approval appliacaton

United States Securities Exchange Commission rejected another Bitcoin ETF proposal application filed by SolidX.

Earlier this month the US SEC also rejected a similar Bitcoin ETF application filed by the Winklevoss twins.

(click here to read the full article)

It is a second Bitcoin ETF application that has been rejected by US SEC.

Reasons for Rejection

The US SEC rejected the approval of the SolidX ETF for the same reasons as it mentioned while rejecting the Winkleovss twins Bitcoin ETF application.

It stated the fact that Bitcoin is not able to be regularized and it lacks investor protection.

Bitcoin is basically a digital peer-to-peer centralized crypto currency that isn’t controlled by any central authority and thus is mostly used in unregularized market.

(click here to read more about bitcoins)

Hence, for an ETF provider, it is next to impossible to agree to surveillance and sharing agreements that is needed while applying for ETF, in case of decentralized financial system. It is difficult to track the origin and flow of Bitcoin transaction unlike in the case of existing centralized Financial markets.

Future of Bitcoin ETF

After witnessing current scenario and multiple rejections by SEC, the introduction of Bitcoin ETF’s seems to be unlikely. SEC wants regularization and strict investor protection policies, which the ETF provider cannot adhere to simply because of the nature of Bitcoin.

Only time will tell the fate of Bitcoin’s ETF. Till then Bitcoin and it’s users does not bothers about it and neither Bitcoin’s price shows any lack of interest from the Bitcoin Community. The price level are stable and is expected to grow in the long run.

 For latest updates on bitcoin and blockchain, click here.

Tags: BItcoin ETFBitcoin NewsBitcoin updatesSecurities Exchange CommissionSolidXUS SECWinklevoss Twins
Previous Post

Russia organizes Bitcoin & Blockchain Conference

Next Post

Bitpanda adds DASH to it's cryptocurrency services.

Next Post
DASH | bitpanda

Bitpanda adds DASH to it's cryptocurrency services.

Recent Stories

What Will 2021 Hold for Bitcoin and Crypto? BTC Price Prediction and Events To Watch Out for by Mid-2021

What Will 2021 Hold for Bitcoin and Crypto? BTC Price Prediction and Events To Watch Out for by Mid-2021

January 14, 2021
Crypto Payment

PayPal Crypto Trading Volume Climbed $242 In One Day

January 14, 2021
Government of Pakistani Province Announces Launch of Bitcoin Mining Farms

Government of Pakistani Province Announces Launch of Bitcoin Mining Farms

January 14, 2021
halving

Google Data Reveals “Ethereum” Searches Hit All-Time High

January 14, 2021
BTC/USD

BTC Price Analysis: In a Return Rally BTC/USD Grinds Past $40,000 Amid Grayscale Bitcoin Purchase of $80M

January 14, 2021
Wunderbit Trading

Wunderbit Trading – Copy Trading Platform That Suits All 

January 14, 2021
bitcoin

Top 7 Open-source Code Bitcoin Wallets

January 14, 2021
Bitcoin

Bitcoin Institutional Investors Not Worried About Recent BTC Decline

January 13, 2021
Crypto Analyst

Crypto Analyst Predicts BTC Will Plunge Below $20,000, BTC Up Over 2.7%

January 13, 2021
DOT/USD

DOT Price Analysis: Massive Liftoff on DOT/USD to $10.98, On-Chain Data Indicates a Climb in Polkadot Volume

January 13, 2021

Email Subscription

Pages

About Us

Contact Us

Disclaimer

Get Latest Cryptocurrency And Bitcoin News

Privacy Policy

Write for Kryptomoney.com

Category

Events

General

Interviews

News

Price Analysis

Press Release

Sponsored

Information

About Us

Submit Press Release

Submit Guest Post

Contact Us

Social Icons

[email protected]

©KryptoMoney 2019 | Southridge Internet Corp

No Result
View All Result
  • Resource List
  • News
  • Price Analysis
  • Events
  • Press Release
  • Sponsored

©KryptoMoney 2019 | Ess Commerce Private Limited

  • bitcoinBitcoin (BTC) $ 37,998.00 0.61%
  • ethereumEthereum (ETH) $ 1,221.83 5.2%
  • tetherTether (USDT) $ 0.997022 0.46%
  • bitcoin-cashBitcoin Cash (BCH) $ 504.23 0.15%
  • binancecoinBinance Coin (BNB) $ 41.18 0.24%
Our websites require cookies enabled to provide you with an uninterrupted experience. Please continue without changing your setting to receive important notifications.I Agree