NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

Six Years After First Bitcoin ETF Filing, How Close are We For One?

Davit Babayan
Davit Babayan
6 years ago
2 mins read
bitcoin, bitcoin etf

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

It seems inevitable that two of the financial world’s hottest trends would cross roads with each other. For bitcoin enthusiasts and investors looking to benefit from the growing popularity of exchange-traded funds (ETF), the possibility of a derivative that tracks the value of cryptocurrencies is the best chance for connecting the two worlds.

But the chair which holds power to approve a bitcoin-based ETF is uncertain about its real-world prospects. The Securities and Exchange Commission (SEC), the US securities regulator, is hesitant to allow a nascent and mostly unregulated market such as the bitcoin to participate in a thoroughly regulated ETF space. The core reason is bitcoin’s wild price swings, which, as SEC explained, is reflective of broader price manipulation and fraud cases across the cryptocurrency spot market.

Bitcoin ETF Future’s Bleak

The SEC has turned down a total of nine Bitcoin ETF proposals in the last six years. The first applicant was the Winklevoss Bitcoin Trust, a trust backed by the founders of Gemini cryptocurrency exchange, Tyler and Cameron Winklevoss.  Other applicants that got in the way of the SEC’s rejection spree include ProShares, Direxion, and GraniteShares.

Monday marked the 6 year anniversary of the first filing of the Winklevoss Bitcoin Trust ETF. Onward and upward! 👍🚀

— Tyler Winklevoss (@tyler) July 4, 2019

At the same time, the applicants that passed through the SEC’s early stages but stuck in a long-pending review process later include Bitwise and VanEck/SolidX.

The likelihood of receiving a green signal for a Bitcoin ETF has gone further down in June, according to Jeff Dorman of Arca, a US-based asset management firm. The chief investment officer said in a research note that because of the cryptocurrency’s 50 percent surge and 20 percent downside correction in June would make it difficult for the commission to approve an ETF.

“It’s almost a slam dunk now that an ETF won’t be approved any time soon, as an 81% 14-day levered rally, most of which occurred after U.S. trading hours, is not exactly the formula for successful SEC approval,” he wrote.

bitcoin, bitcoin price, btc usd
Bitcoin has Recovered by More than 275% Since Its Bounce Back from the $3,120 Level | Image Credits: TradingView.com

Ray of Hope

The comments nevertheless appeared at a time when the bitcoin market seems more confident about an ETF approval. In late June, the SEC opened a commenting period on an ETF proposal filed by Wilshire Phoenix Fund. The New York-based asset management firm has proposed to offer shares to a combined ETF backed by both bitcoin and treasury bills.

In response, the SEC allowed the listing on the NYSE Arca Exchange following a rule-change proposal, pending the 21 day comment period. The suggestion read:

“The Exchange proposes (1) to amend NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares) to provide for issuance and redemption of such securities for the underlying commodity and/or cash, and (2) to list and trade the shares of the United States Bitcoin and Treasury Investment Trust under NYSE Arca Rule 8.201-E, as proposed to be amended.”

The final approval for the Wilshire’s ETF proposal is still months away. In the meantime, the probability of SEC to approve a bitcoin ETF looks bleak, at least in 2019.

Tweet123Share216ShareSend
Davit Babayan
Davit Babayan

Davit Babayan

Davit Babayan is an Armenia-based expat balancing the academic life of a software design engineer with the experiences of a financial technology journalist. He aspires to be a full-time columnist and wants to write a book that would be called, "A Homeless Who Found Bitcoin."

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin price

Bitcoin Price Falls To $103,000: Is This The End Of The Bull Run Or A Prequel To The Next Surge?

On Friday, the Bitcoin price experienced another flash crash, dipping toward $103,000 from $109,300. While not as alarming as the...

Ronaldo Marquez 2 hours ago
Solana

Solana Meme Economy: The Culture That Drives Billions In Volume – Here’s How

Solana meme economy has evolved into one of the most explosive forces in crypto, and the community is now moving...

Godspower Owie 3 hours ago
Dogecoin news

Dogecoin Faces ‘Do-Or-Die’ Moment Ahead of October 23, Analyst Says

Dogecoin’s next inflection could arrive as soon as October 22–23, according to crypto analyst VisionPulsed, who argues that the memecoin’s...

Jake Simmons 4 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

XRP

$1B XRP Treasury Move Could Redefine Altcoin’s Price Trajectory

Christian Encila 3 minutes ago
스테이블코인 시즌 개막,,, 미래 결제 인프라의 핵심 주역은?

스테이블코인 시즌 개막···미래 결제 인프라의 핵심 주역은?

Soyeon Lee 45 minutes ago
Bitcoin

Analyst Says Bitcoin Price Is Ready To Surge: ‘We Would Already Be Below $108,000 If The Crash Wasn’t Over’

Scott Matherson 2 hours ago

Premium Sponsors

Press Releases

  • Най-добрите крипто пресейлове защо се прогнозира Maxi Doge да нарасне 100x до 2026 г.

    Най-добрите крипто пресейлове...

    9 hours ago
  • ドージコイン 今後 の価格見通し:ETF期待とクジラ買い集めが示すブレイクアウトの兆し

    ドージコイン 今後...

    10 hours ago
  • リップル 今後の価格予測:5倍ETF申請で上昇に拍車か — 100ドル到達は目前?

    リップル...

    10 hours ago
  • 仮想通貨プレセール注目:2,390万ドルを突破した新世代ビットコイン系プロジェクト

    ...

    11 hours ago
  • 仮想通貨おすすめ:ソラナが500ドルへ?次に急騰が期待される新プロジェクト

    ...

    11 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

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