SEC green-lights review of decision to junk bitcoin ETF filing BY ON April 26, 2017 The proposal to list what could have been the first U.S.exchange-traded fund tracking digital currency bitcoin is up for another review in the Securities and Exchange Commission.If you recall, the commission SEC rejected the proposal of investors Cameron and Tyler Winklevoss to list their Winklevoss Bitcoin Trust, an ETF created essentially to provide exposure for commodity buyers to bitcoin, on the Bats BTZ exchange back in March.At the time, the commission said “it does not find the proposal to be consistent with Section 6(b)(5) of the Exchange Act, which requires, among other things, that the rules of a national securities exchange be designed to prevent fraudulent and manipulative acts and practices and to protect investors and the public interest.” This prompted Bats to file a petition seeking a review of the SEC decision, which was approved by the commission.“Pursuant to Rule 431 of the Rules of Practice, 11 BZX’s petition for review of the Disapproval Order is granted.

Further, the Commission hereby establishes that any party to the action or other person may file a written statement in support of or in opposition to the Disapproval Order on or before May 15, 2017,” the agency said in a regulatory filing.bitcoin security breachIn its 25-page petition, Bats Exchange said the decision made in March “is clearly erroneous” on grounds that the standard applied on their disapproval decision “is inconsistent with prior approval orders” and is not even required by the Securities Exchange Act.anonymous bitcoin walletBats then called on the commission to review their earlier decision, saying that listing a bitcoin ETF “constitute an exercise of discretion or decision of law or policy that is important and that the commission should review.” “The exchange believes that the Commission should set aside the Staff’s Order and approve the Proposal in order to ensure consistency with the Exchange Act and with prior ETP approvals as well as to provide investors access to bitcoin through a regulated and transparent investment vehicle,” Bats said in its petition.bitcoin mining greek

The news comes several weeks after the SEC rejected another bitcoin ETF, this time from SolidX, which sought to list on the NYSE Arca exchange.However, unlike Bats BZX, NYSE Arce did not petition for a review.Current bitcoin price News of the SEC giving a second shot to Winklevoss’s ETF has pushed the price of bitcoin to an all-time high of $1,300 during Wednesday’s trading.ethereal blade best herobitcoin, crypto currency, etf, ethereum, s&p 500, sec, stock market With the SEC announcing yesterday that it was reopening the case for the Winklevoss twins Bitcoin ETF, another crypto-currency is also vying for the same market regulators approval.bitcoin mining amd radeonAnd this one might have a better chance of success than the Father of All digital currencies.is dogecoin real

Ethereum is a crypto-currency that has the backing of many large S&P 500 companies, and this provides it a much better foundation for approval as an exchange traded fund according to the SEC.Then today, in similarly favorable news for holders of Bitcoin's smaller peer, Ethereum, it was revealed that the SEC had quietly begun the process of considering whether to approve an exchange-traded fund for the cryptocurrency ethereum.bitcoin lovers unitedRecall that ethereum exploded higher at the end of February when it was revealed that a consortium of venerable corporations including JPM, Intel, Microsoft and many others, had created a blockchain alliance based on the ether technology.bitcoin beritaIn same ways, whereas bitcoin has been seen as the more venerable, if "renegade" cryptocurrency, ether has developed the reputation of the smaller, better-behaved relative, one which is backed by major banks and corporations, which in the past has distanced itself from bitcoin due to limitations associated with its specific blockchain technology.bitcoin rupee chart

While ether and bitcoin are similar, they are also very different.First of all, none of the big Chinese exchanges lists ether for trading (which means it is only a matter of time before they do) sending it into orbit as the traditional Chinese bubble stampede does.Second, the two biggest ether exchanges are Coinbase and Kraken, both regulated.Ethereum is backed by almost all household brands who have formed an alliance in support of the platform.Microsoft is a big proponent, with ether’s protocol added to Hyperledger, the open-source cross-industry blockchain development effort headed by the Linux Foundation.Whether that makes an ether-based ETF more likely remains to be seen.What we do know is that the backers of the EtherIndex Ether Trust first filed in July 2016, seeking to launch an ETF backed by a cache of ethers on the NYSE Arca exchange, according to Coindesk.NYSE Arca then filed for a proposed rule change clearing the way for the ETF listing in December, according to a notice published in January.

Then, in a new notice from the SEC, the agency announced that it has begun considering whether to approve the proposed ETF, opening up a comment period for outsiders.The price of bitcoin has nearly tripled in 2017, and headlines about huge daily moves in the bitcoin market can’t help but pique the interest of most traders.Unfortunately, at this point in time, trading bitcoin directly can be a bit of a pain.For traders starting from scratch, here are four ways to trade bitcoin.Coinbase is a cryptocurrency exchange and trading platform that allows customers to trade bitcoin directly.Coinbase even offers margin trading for traders who qualify under the Commodity Exchange Act.These qualifications are geared more toward institutional investors than small retail traders.Requirements include at least $5,000,000 in discretionary investments for individuals.Related Link: Battle Of The Cryptos: Bitcoin Vs.Ethereum Coinbase is such a popular platform for bitcoin trading that the exchange had two outages in recent weeks due to extremely high trading volume.

Two proposals to launch bitcoin ETFs, including the Winklevoss ETF (COIN), were rejected by the Securities and Exchange Commission earlier this year on concerns over lack of regulation.However, in April the SEC agreed to reconsider the rejection and opened the door for public comments on the original rejection.Until a bitcoin ETF is approved for listing on a major exchange, traders can use Grayscale Investments’ Bitcoin Investment Trust (OTC: GBTC), which trades on the OTC Market.The ARK ETF Trust (NYSE: ARKW) is a NYSE-listed ETF that invests in GBTC and provides a path for bitcoin traders who don’t have access to the OTC market.In May, bitcoin options exchange LedgerX raised $11.4 million in funding to follow-through with its plan to operate a regulated cryptocurrency exchange and clearing house.Until LedgerX and other bitcoin options trading platforms gain regulatory approval in the U.S., investors can trade bitcoin options on offshore exchanges that come along with all the associated risks of not being covered by U.S.