Crypto Game
  • Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    futuristic financial skyline

    Metaplanet Proposes $3.7 Billion Funds for Bitcoin Expansion

    futuristic bitcoin cityscape

    Metaplanet Seeks $3.7B for Bitcoin Treasury Expansion

    futuristic bitcoin cityscape

    Metaplanet Raises $3.7B for Bitcoin Acquisition Plan

    futuristic planet bitcoin art

    Metaplanet Plans $3.7B Bitcoin Treasury Expansion

    bitcoin visionary oil painting

    Michael Saylor Predicts 700 Companies Holding Bitcoin by 2026

    grant cardone crypto real estate

    Cardone Capital Invests $110M in Bitcoin Strategy

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    futuristic cityscape oil painting

    BlackRock’s Ripple Swell 2025 Presence Spurs XRP ETF Speculation

    blackrock ripple dawn meeting

    BlackRock’s Presence at Ripple Swell Fuels XRP ETF Speculation

    grayscale blockchain cityscape

    Grayscale Launches Story Protocol Trust with $IP Token

    ai copyright management art

    Grayscale Launches Story Protocol Trust for AI-Era IP Management

    pi coin market august 2025 art

    Pi Coin Faces Uncertainty Amid Token Unlocks

    futuristic skyline financial revolution

    Mill City Ventures Acquires SUI in Landmark $450M Deal

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

SEC Reveals User Sentiment Regarding Bitcoin ETF Request

Anca F. by Anca F.
July 24, 2018
in Finance & Blockchain, Latest News
blockchain 3227785 1920

The SEC ruling on Bitcoin ETF that is expected to be finalized in September has seen over 97% of commenters on the SEC website manifesting genuine interest in the mater.

On June 20, the Chicago Board Options Exchange (CBOE) filled for a Bitcoin-based exchange-traded-fund (ETF) with the U.S Securities and Exchange Commission (SEC), and in response, the SEC asked for the public’s opinion on the matter. According to the comments available on the SEC website, 97% of the people have was sincerely interested in Bitcoin ETF, and wanted for it to be launched as soon as possible.

On top of the public comments, an Investor’s Business Daily report showed that the SEC has been getting a lot of emails about the Bitcoin ETF request for comments. Although the comments period now closed, it lies up to SEC’s discretion as to what it decides on the Bitcoin ETF. An anonymous inside source from SEC has shown a positive result while using specific and less optimistic terms.

A CFTC official was cited to have said:

“I would call it 90% at this point. The crypto markets have moderated and regulators have watched the lack of drama surrounding Bitcoin futures across several global exchanges. The price moderation and adoption of a ‘peer product’ is what the conversations have centered around. In January we were justifiably concerned about a bubble and the harm a quickly approved product could attract speculators and create losses that led to significant lawsuits. Now, those factors seem to be mitigated significantly.”

Cody Parm, an electrical engineer made the following comment on the SEC website:

“With the SEC passing an ETF for Bitcoin, we can now expect further legitimacy, security, and development. I don’t think anyone can deny the usefulness of blockchain technology and Bitcoin as an asset. There are much riskier investments that the SEC has passed for an ETF and this will open the doors to many people waiting at the sidelines.”

The CBOE Global Markets submitted an application for the Bitcoin ETF with the SEC by collaborating with the VanEck and the SolidX blockchain platform. CBOE will also offer support for over-the-counter (OTC) trades for accredited investors from the traditional finance segment.

“According to the Registration Statement, the Trust will invest in bitcoin only. The activities of the Trust are limited to: issuing Baskets in exchange for the cash and/or bitcoin deposited with the Cash Custodian or Trust, respectively, as consideration; purchasing bitcoin from various exchanges and in OTC transactions; delivering cash and/or bitcoin in exchange for Baskets surrendered for redemption; maintaining insurance coverage for the bitcoin held by the Trust; and securing the bitcoin held by the Trust,” stipulated the CBOE application.

The Bitcoin ETF ruling is expected to be decided by the SEC by September.

“I would expect a positive outcome in September – or if it gets strung out a little further it is simply a few ‘dotted i’s and crossed t’s’ are being finalized on larger regulatory language in the crypto space,”  said an SEC official.

Tags: bitcoin etfcboeChicago Board Options Exchangeinvestingsec
Previous Post

Moon Zebra Installed the First Two-Way Bitcoin ATM in Malta

Next Post

Samsung Declares It Doesn’t Cooperate with Lithuanian Blockchain-Based Platform CopPay

Anca F.

Anca F.

Related Posts

modern cityscape sunset art

SEC Launches ‘Project Crypto’ for On-Chain Market Integration

by Solomon M.
August 1, 2025

SEC initiates 'Project Crypto' to modernize digital asset regulations under Chairman Atkins' leadership.

zhao dimon crypto discourse oil

Binance’s CZ Responds to Jamie Dimon on Crypto Adoption

by Solomon M.
August 1, 2025

Binance's CZ counters JPMorgan's Jamie Dimon, affirming future crypto use while Dimon supports stablecoins and blockchain.

changpeng zhao oil painting

Changpeng Zhao Responds to Jamie Dimon on Crypto Use

by Solomon M.
August 1, 2025

Changpeng Zhao addresses Jamie Dimon's remarks on crypto, stressing future adoption inevitability.

bustling city turmoil painting

Trump Tariffs Impact Global Crypto Markets

by Solomon M.
August 1, 2025

Trump imposes tariffs on 67 nations, causing crypto market sell-off and price declines.

ethereum adoption cityscape art

The Rise of Ethereum Holdings Among Public Companies

by Solomon M.
August 1, 2025

Leading companies like Coinbase and Bitmine amass substantial Ethereum holdings, impacting market dynamics in 2025.

stormy financial landscape painting

Crypto Liquidations Exceed $560 Million, Impact on BTC and ETH

by Solomon M.
August 1, 2025

Over $560M crypto liquidations hit BTC, ETH traders; volatility rises.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.