No Bitcoin ETF Yet as SEC Rejects NYDIG and Global X Proposals

March 11, 2022
The Last Cryptocurency
Cryptocurrency News Feeds
Cryptocurrency News Feeds

A Bitcoin exchange-traded fund is something that the cryptocurrency community is looking forward to for quite some time. Unfortunately, the US Securities and Exchange Commission is not on the same page yet.

The United States Securities and Exchange Commission rejected two proposals to list and trade shares of spot Bitcoin exchange-traded funds, according to Reuters.
The first one was the NYDIG Bitcoin ETF proposal, and the second one was the Global X Bitcoin Trust.
The move comes after the Commission had previously delayed its ruling on the NYDIG Bitcoin ETF proposal for two months.
In any case, this is a clear sign that the SEC has no plans of listing a physical Bitcoin ETF, despite approving similar products for futures-backed exchange-traded funds.

Flockerz is getting ready to enter the meme coin space with its unique vote-to-earn platform, FlockTopia. The presale has already raised over $700,000 since its inception in September, as retail investors joined the project. Let’s take a closer look at Flockerz (FLOCK) and see if it’s worth keeping an eye on as we head deeper into

Solana Introduces Limited-Time Offer Zero Fees for Asset Transfers from MetaMask

Solana has introduced a limited-time offer for users seeking to transfer assets from their Metamask wallet, reducing the associated fees to 0%. This fee reduction is made possible through a collaboration between the layer 1 blockchain, DeBridgeFinance, and the Solana-based wallet – Solflare. According to the official announcement, whenever a MetaMask wallet is connected to

Nobody Cares About Shiba Inu (SHIB) Anymore, And There’s a Reason For It (Opinion)

Shiba Inu (SHIB) is the second-largest meme-inspired cryptocurrency. It’s safe to say that it was all the rage for a couple of months back in 2021 when its price reached its all-time high on October 28th, 2021, clocking in at $0.00008616. While it may not seem like a lot, this is an increase of a…

After Bitcoin, Will the SEC Greenlight Spot Ethereum (ETH) ETF This Year? (Poll)

The US Securities and Exchange Commission finally greenlighted a spot Bitcoin ETF earlier this week, although in a slightly reluctant fashion. Now, speculations are starting to arise on when the agency will do the same in terms of an exchange-traded fund tracking the performance of the second-largest cryptocurrency. When ETH ETF? 2023 will go down

Dutch-Based Brokerage Opens Cryptocurrency Trading Throughout Europe

Netherlands-based retail brokerage platform BUX has launched a cryptocurrency-oriented product to cope with the increasing demand across young investors in Europe. Dubbed BUX Crypto, it’s a commission-free digital currency trading platform. BUX Crypto For EU Investors Back in January this year, BUX acquired the cryptocurrency investment platform, Blockport. Upon completing the transaction, officials at the…

US Wants to Regulate Stablecoins First

Daniel Kuhn is a reporter on CoinDesk's Features team. He owns BTC and ETH.It’s recently come to light that the U.S. Securities and Exchange Commission is investigating Circle, a principal backer of the popular USDC stablecoin. CoinDesk’s Danny Nelson broke the story by combing through filings Circle made in preparation of possibly going public. The…

CoinFishing: The World’s First Web3.0 Fishing Game Supporting Cryptocurrency Payments

[PRESS RELEASE – Singapore, Singapore, November 22nd, 2024] CoinFishing, a new Web3.0 fishing game supporting cryptocurrency payments, has been introduced to the global market. Positioned as a fresh alternative to traditional fishing games, CoinFishing combines dynamic gameplay with blockchain technology to offer a distinctive gaming experience. Next-Generation Fishing Gameplay CoinFishing Promotional Video: https://www.youtube.com/watch?v=7qvdm94czME Traditional fishing

Was Craig Wright Behind the Mt. Gox Hack In 2014?

According to Samson Mow, Chief Strategy Officer of Blockstream, Craig Wright’s lawyers have been sending out letters regarding Craig Wright’s Tulip Trading Limited revealing that access to two of Wright’s Bitcoin addresses has been compromised. This puzzling assertion comes amid a legal battle between Wright and the Kleiman estate, during which Wright has claimed that…

Celsius Network Transfers $1 Billion of ETH to Exchanges: Reason to Worry?

The bankrupt cryptocurrency lender Celsius Network has executed large transfers involving roughly $1 billion in ether (ETH) to centralized crypto exchanges Coinbase and Paxos, probably in preparation for its creditor repayment schedule. According to data from the crypto analytics platform Arkham Intelligence, Celsius moved the funds over 13 transfers, including two test transactions. Celsius Moves

Share this: