Crypto Futures News 

Bitcoin ETFs Inch Closer To Reality

“Hopes were high about a probable bitcoin ETF debut this year since December 2017, when Cboe Global Markets launched three bitcoin futures contracts on the Cboe Futures Exchange” reports etfdailynews.com. As far as rolling out ETFs on bitcoin is concerned, several attempts were made earlier by issuers, but all in vain.But the issuers are not allowed to use the word “blockchain” in the name (read: Forget Bitcoin, Bet on Blockchain With These New ETFs).However, recently, a ray of hope has been noticed with money management firm VanEck making another effort for…

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Crypto Markets News Platforms 

Bitcoin has gone 173 days without hitting an all-time high — its longest stretch in 2 years

“According to Charlie Bilello, director of research at Pension Partners, 173 days have passed without bitcoin reaching an all-time high, which it last accomplished in mid-December” writes Mark Decambre for marketwatch.com. Van Eck explained that the VanEck SolidX Bitcoin Trust would be set up to own physical bitcoins rather than being pegged to the futures markets as an earlier version was.In the spot market, a single bitcoin BTCUSD, -0.04% was trading higher at $7,651.98, up about 1.7%, compared with Wednesday’s closing level on the Kraken platform as of 5 p.m. Source:…

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Crypto Futures News 

Van Eck, SolidX seek to launch bitcoin-linked ETF

“Van Eck and SolidX hope to list the product on the Cboe exchange under the symbol “XBTC”” writes Midwest Communications Inc for 95kqds.com. (Reuters) – Asset manager Van Eck Securities Corp and blockchain company SolidX Partners Inc plan to launch a bitcoin-linked investment product that could be traded as easily as a stock, the two companies said in a regulatory filing on Tuesday.Van Eck, which had $46 billion in assets under management, and several other fund managers had previously pushed for exchange-traded funds based on bitcoin futures instead of directly…

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Crypto News 

SEC Denies SolidX Bid for Bitcoin ETF Listing

“The U.S. Securities and Exchange Commission (SEC) has officially disapproved a proposal by SolidX to list its bitcoin ETF (electronic traded fund) on the New York Stock Exchange” reports cryptocoinsnews.com. Earlier today, bitcoin price scaled a high of $1,066, having gained over $35 from the start of Tuesday.The decision nearly mirrors the reasons given by the SEC earlier this month when the federal agency denied the Winklevoss brothers’ proposal to list a bitcoin ETF on the Bats BZX Exchange.Published today, this is the second disapproval by the SEC toward a…

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