First Mover: Bitwise Calls $50K Bitcoin Price When Market Calm Finally Breaks

Bitcoin has traded in an ever-tightening range for two months, and digital-market analysts say a new wave of coronavirus cases and emergency measures could provoke the largest cryptocurrency by market cap out of the doldrums. The backdrop is an anemic economy, with the International Monetary Fund projecting last week that global output will shrink 4.9% this year: worse than its […]

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Bitwise’s Bitcoin ETF Disapproved by SEC

The US Securities and Exchange Commission (SEC) stated yesterday that it hadn’t approved the Bitcoin exchange-traded fund (ETF) proposed by Bitwise Asset Management. SEC’s Decision on Bitcoin ETF in Line with Expectations While the SEC rejected Bitwise’s BTC ETF, the regulator didn’t mind to release a super-detailed explanation that counts 112 pages. At the beginning […]

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SEC Rejects Bitwise’s Latest Bitcoin ETF Proposal

The U.S. Securities and Exchange Commission (SEC) has rejected the latest attempt at creating a bitcoin exchange-traded fund (ETF). The SEC continued its streak of rejecting all bitcoin ETF proposals Wednesday, announcing that a filing by Bitwise Asset Management and NYSE Arca did not meet legal requirements to prevent market manipulation or other illicit activities. The order […]

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SEC Delays Decisions on 3 Bitcoin ETF Proposals Until Autumn

The U.S. Securities and Exchange Commission (SEC) delayed making a decision on three bitcoin exchange-traded fund (ETF) proposals Monday. The ETFs, proposed earlier this year by asset managers Bitwise Asset Management, VanEck/SolidX and Wilshire Phoenix, and filed with exchanges NYSE Arca and Cboe BZX, are all seeking to become the first such investment vehicle based on bitcoin. The filings […]

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