{{ currentStream.Name }} Related Video {{ video.Name }} ON OFF The information you requested is not available at this time, please check back again soon.{{item.title | formatTitle}} Mar 10, 2017 U.S.SEC rejects application to list Bitcoin ETF The U.S.Securities and Exchange Commission on Friday denied a request to list what would have been the first U.S.exchange-traded fund built to track bitcoin, the digital currency.Investors Cameron and Tyler Winklevoss have been trying for more than three years to convince the SEC to let it bring the Bitcoin ETF to market.CBOE Holdings Inc's Bats exchange had applied to list the ETF.Business News NEW YORK: The US Securities and Exchange Commission plans to review its decision last month to block the listing of the first US exchange-traded fund tracking the digital currency bitcoin, a regulatory filing showed on Tuesday.A more-than-three-year effort by investors Cameron and Tyler Winklevoss to convince the SEC to allow it to bring the Bitcoin ETF to market stalled when the agency’s staff ruled against them in March.

Bitcoin is a virtual currency that can be used to move money around the world quickly and with relative anonymity, without the need for a central authority, such as a bank or government.A fund holding the currency could bring more professional investors to the asset and push its price higher.Yet bitcoin presents a new set of risks to investors given its limited adoption, a number of massive cybersecurity breaches affecting bitcoin owners and the lack of consistent treatment of the assets by governments.Bitcoin traded up 1.7% at US$1274.99 earlier on Tuesday.The digital currency has rebounded after initially plunging following the SEC’s initial decision calling the digital currency market “unregulated.” CBOE Holdings Inc’s Bats exchange had applied to list the ETF and appealed to the commission to review its staff’s decision.The exchange did not immediately respond to a request for comment.- Reuters You May Be Interested Cash-rich Silk Holdings Top Glove in a lucrative industry BlackBerry misses first-quarter forecasts, shares slide The great journey in South Australia Can you ace this quiz on water facts Rising to the challenge advertisement Most Viewed in Business Young talent Nadiah to lead Tropicana Medical Centre Top Glove in a lucrative industry Money game scourge Cash-rich Silk Holdings The US$100bil Forest City hit by capital controls Market expectations in the second half TMC’s growth plans intact Online grocery sales in Malaysia seen growing slowly Is there room for small cap stocks to grow?

Brexit forever or Brexit never?advertisement advertisement Copyright © 1995- Star Media Group Berhad (ROC 10894D)btc robot members areaDespite cautions and hesitations among regulators about investing in virtual currency, the Winklevoss twins are inching closer to creating the first publicly traded Bitcoin fund.bitcoin dinero electrónicoOn Thursday, Cameron and Tyler Winklevoss, the brothers most widely known for their legal battles with Facebook’s co-founder, Mark Zuckerberg, disclosed in a regulatory filing that they had chosen to list their Bitcoin exchange-traded fund, the Winklevoss Bitcoin Trust, on the Nasdaq stock exchange.litecoin payThe move comes one day after the Securities and Exchange Commission issued a warning to investors about Bitcoin, saying that it created new “concerns” for investors.dhl bitcoin

Federal agencies have been scrambling to figure out how to regulate Bitcoin since the collapse this year of Mt.bitcoin pool server downloadGox, one of the most prominent exchanges for buying and selling the virtual currency.ethereum hold“A new product, technology, or innovation – such as Bitcoin – has the potential to give rise both to frauds and high-risk investment opportunities,” the S.E.C.ltc to gbpsaid in an alert posted to its website.bitcoin crash june 2013“The fact that the S.E.C.litecoin accepting siteshas allowed the S-1 to progress this far is an indication that it may actually happen,” said Gil Luria, an analyst with Wedbush Securities who has studied Bitcoin, referring to the S.E.C.

The Winklevoss brothers, who have emerged as two (or perhaps one) of the most public faces of Bitcoin, first applied to create the exchange-traded fund, called the Winklevoss Bitcoin trust, last summer.The goal is to provide investors of any size with an easy way to bet on the future price of Bitcoin, the volatile virtual currency that has gained momentum over the past several years.They have invested in Bitcoin companies, including the exchange BitInstant, and at one point owned more than $64 million of virtual currency itself.In February, the twins started the Winkdex, their own index to measure the price of Bitcoin, to work in conjunction with their proposed Bitcoin E.T.F.According to the Winkdex, a single Bitcoin was worth $443 on Thursday afternoon.Coindesk, a more widely cited index, pegged the figure at $437.The Winklevoss’s proposed fund would buy one Bitcoin for every five shares.The company the two operate, Math-Based Asset Services, would be in charge of storing the fund’s Bitcoin holdings.

The company has not yet decided how much its management fee will be.A single Bitcoin was worth only a few cents when it first appeared online in 2009, largely backed by a small number of technology enthusiasts and cryptocurrency hobbyists.The wider adoption by both consumers and technology entrepreneurs helped the price skyrocket to more than $1,000 at one point last year.But until recently, investors had few options for speculating on that price change.The currency, which can be bought and sold among users or “unlocked” by solving complicated mathematical riddles, has no central regulator or bank.Buying Bitcoins also comes with the hassle of storing Bitcoins, which can involve physically securing a virtual “key.” But the Winklevoss twins want to give investors an easier way into the market.Like SPDR, the widely used gold E.T.F., for example, investors would be able to invest in Bitcoin without having to actually buy and store the virtual currency.“Our goal with this whole thing was to make it as similar to the gold E.T.F.