Bitcoin US ETF news
bitoffer has bitcoin ETF Last Wednesday, the securities and Exchange Commission rejected Wilshire Phoenix's application to launch a bitcoin ETF on the New York Stock Exchange. Wilshire has yet to prove that the bitcoin market is strong enough to withstand market manipulation, the SEC said in the filing
so far, almost all applications for bitcoin ETFs have been rejected by the US Securities and Exchange Commission, including those from bitwise asset management, Winklevoss brothers, Vaneck / solidx and direxion
it is understood that Wilshire Phoenix applied to the New York Stock Exchange (NYSE Arca) for bitcoin ETF for the first time last summer, and submitted amendment No. 6 of its trust fund registration statement to the SEC on February 14. Unlike other previous bitcoin ETF proposals, Wilshire Phoenix's ETF will invest in both bitcoin and US Treasury bonds. Second, the trust will be automatically adjusted once a month to address concerns about fluctuations in the bitcoin price
comments: for a long time, bitcoin ETF has not been passed because the SEC is based on the risks and concerns related to cryptocurrency funds, including pricing, liquidity, custody, arbitrage and possible manipulation problems. Obviously, Wilshire Phoenix has paid attention to this point in the design of the fund this time. It has added the share of US Treasury bonds. If the price of bitcoin fluctuates too much, it will increase the share of bonds and rece the share of bitcoin. But it still doesn't work. It still can't explain the manipulation of bitcoin price. If this problem cannot be solved, bitcoin ETF will be difficult to be approved. So many people are actually immune to this problem, and it is really difficult to get approval in a short time
in view of the SEC's rejection of bitcoin ETF application, it can be said that the only hope of cryptocurrency practitioners for ETF has been broken once again. The reason why bitcoin ETF is expected is that it is of great significance. We can understand it as a stock of NASDAQ or NYSE. If bitcoin ETF is listed, all investors can buy it directly from compliance channels. This is equivalent to expanding the audience of bitcoin from the coin circle to the U.S. stock market and even the whole global market. This demand will be enormous
the second bitcoin ETF in the world has been approved. I don't think there is much room for bitcoin to rise, because the estimated total market value of bitcoin is already very large, the price is already very high, and the rise rate is too large. I think the future rise space is limited
with the continuous development of society, science and technology has brought us a lot of benefits. At the same time, many emerging instries have shown us the power of science and technology. Bitcoin, as a new thing in emerging instries, has attracted many people's attention. In recent years, bitcoin has also become a symbol of wealth. The second bitcoin ETF in the world has been approved. I don't think there is much room for bitcoin to rise, because bitcoin's recent rise is very large, its total market value has been very high, and bitcoin itself does not generate profits, which leads to divergence in valuation. This is why I don't think bitcoin will have too much space in the future
Third, can this location still buy bitcoinI don't think this position should participate in bitcoin, because bitcoin market has increased by about 30%, and the increase rate is very large. At this time, buying may catch up with the quilt cover, and the risk is greater than the income. It is recommended not to participate
the fund aims to integrate blockchain technology into various government projects, including medical, ecational and cultural fields. The foundation will also be responsible for international investment in Uzbekistan's digital economy. In addition to international loans and grants, the national agency of project management of Uzbekistan will also fund the digital trust fund
recently, mirziyoev has approved relevant bills to apply blockchain to different public fields to support the development of Uzbekistan's blockchain and cryptocurrency instry
in July this year, mirziyoev signed a directive document on measures for the development of digital economy in the Republic of Uzbekistan, which stipulates the application of blockchain technology to some aspects of public administration
according to the order, Uzbekistan will launch a blockchain integration plan by 2020. At the same time, the country's Ministry of information technology and communication development must propose a blockchain integration plan for international settlement facilities as well as loan and trade financing
in addition, mirziyoev signed a law on the regulation of cryptocurrency transactions, which came into effect on September 2. According to the law, foreigners can only trade cryptocurrency in Uzbekistan by setting up branches in the country. The law also sets a minimum capital requirement of $710000 for a crypto exchange
in addition, crypto traders will not be subject to Uzbek stock market regulations and will be exempted from tax liability on trading income< However, cryptocurrency transactions must comply with anti-terrorism and anti money laundering laws. They must also keep cryptocurrency transaction records, customer personal data and communications information for five years
in February 2018, mirziyoev agreed to approve the establishment of a distributed ledger technology and blockchain technology center in mirzo ulugbek innovation center, which focuses on financial technology. At the same time, Mir has also ordered the active development and stimulation of mobile payments in the financial market, including the use of PayPal, Alipay, Visa and Mastercard.
it is worth mentioning that at that time, the staff of the Central Bank of Uzbekistan once expressed a negative attitude towards digital currency and said that they thought it was one of the means of financing terrorism. It was these remarks that prompted Uzbekistan to introce laws to regulate cryptocurrency transactions in September.
in China, bitcoin can not be recognized as a currency in circulation, so investment is not recommended.
