ایک Bitcoin ETF کے لئے کالز صرف بڑھتی رہے

نامنظوری اگر اس نوٹس, ایک Bitcoin ETF کے لئے کالز صرف بڑھتی رہے

USI ٹیک سب سے آسان اور سب سے زیادہ غیر فعال ویکیپیڈیا سرمایہ کاری کے ساتھ آپ کی زندگی کو تبدیل

Karma is real.

Just as the crypto community was – not so secretly – displaying its joy over Facebook’s historic stock loss, bitcoin’s price took a surprising drop below $8,000. A reaction to the news that bitcoin exchange-traded fund (ETF), one proposed by brothers and co-investors Tyler and Cameron Winklevoss, had been rejected for the second time, it was viewed as another blow to the market.

Before going further, to make it clear, the bitcoin ETF proposed by the Winklevoss brothers is different from the bitcoin ETF by investment firm VanEck and financial service company SolidX, which has triggered a wide discussion in the crypto community over the past week.

As CoinDesk reported on جون 6, VanEck and SolidX announced that they have applied to the SEC for permission to launch the first bitcoin-based ETF, their latest attempt to do so after several failures.

The SEC responded by calling for comments on the proposal in late June. تب سے, it has received more than 100 comments and it is said that a decision may occur as soon as next month.

The possibility of the birth of the first bitcoin-based ETF in history has generated an overall optimism in the crypto sector as bitcoin was trading at its highest since late May.

ابھی تک, Thursday’s news undoubtedly threw a wet blanket on expectations.

According to CoinDesk’s report, the SEC has rejected the Winklevoss bitcoin ETF because the proposal is notconsistent with the requirements of the Exchange Act Section 6(b)(5), in particular the requirement that its rules be designed to prevent fraudulent and manipulative acts and practices.

خاص طور پر, the SEC’s reiteration on concerns over the market manipulation and surveillance is consistent with its opinions during the first rejection back in March 2017.

The SEC, البتہ, also said in the document thatover time, regulated bitcoin-related markets may continue to grow and develop,” leaving the door open to potentially approving such products in the future.

Nevertheless, crypto community didn’t seem to take the news well at first, especially after bitcoin’s price fell from nearly $8,300 following the decision to a low of $7,973.81, according to CoinDesk’s Bitcoin Price Index (BPI).

Even news outlets including CNBC and Bloomberg were accused of manipulating the crypto markets since they covered the news.

Level heads

Despite the more extreme reactions others who read the 92-page response by the SEC largely struck a much more calm and positive response.

As mentioned previously, اگرچہ, both bitcoin-based ETFs, Winklevoss brothersETF is essentially different from the one proposed by VanEck and SolidX, and should have few impact on the future decisions, which is pointed out by many crypto experts and investors.

High expectations

With that being said, many members said they will remain optimistic about the future of a bitcoin ETF.

For one, there are still major institutions behind the remaining bids.

But while there remains a lot of optimism, not everyone, it seems, will be convinced until one is finally approved. As always, crypto remains on the outlook for possible points of failure.

Either way, the market is certainly headed for an exciting September.

SEC Shutterstock کی معرفت کی تصویر

blockchain خبر میں رہنما, CoinDesk اعلی ترین صحافتی معیارات کے لئے کوشش کریں اور ایک طرف قائم رہتا ہے کہ ایک میڈیا آؤٹ لیٹ ہے ادارتی پالیسیوں کی سخت سیٹ. CoinDesk ڈیجیٹل کرنسی گروپ کے ایک آزاد آپریٹنگ ذیلی ادارہ ہے, cryptocurrencies اور blockchain startups میں سرمایہ کاری کرتا ہے جس.

HTTPS://www.coindesk.com/rejection-aside-calls-for-a-bitcoin-etf-are-only-escalating/

پر عمل کریں اور ہماری پسند مہربانی:
USI ٹیک آسان ترین غیر فعال ویکیپیڈیا سرمایہ کاری

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