By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
CoinworldstoryCoinworldstoryCoinworldstory
  • HOME
  • CRYPTO
    • AI
    • BOTS
    • ICO
    • AIRDROP
      • Featured Airdrops
    • Price Prediction
    • EXCHANGE
      • Best Centralized Exchange List 2025
      • Best Decentralized Exchange List 2025
    • ALTCOIN
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining
    • WALLETPRO
  • PR
    PR
    If You Looking For Submit Cryptocurrency Press Releases Than Coinworldstory Is Best Choice For Crypto Press Release Submission
    Show More
    Top News
    The Aerum Ecosystem, A Market-Oriented Hub
    The Aerum Ecosystem, A Market-Oriented Hub
    3 years ago
    Worldwide Blockchain and AI communities team up to produce over 100 potential solutions to aide coronavirus pandemic
    Worldwide Blockchain And Ai Communities Team Up To Produce Over 100 Potential Solutions To Aide Coronavirus Pandemic
    4 years ago
    Gravity Sport, a leading-edge NFT marketplace, becomes a second partner of Parma Calcio 1913
    2 years ago
    Latest News
    Trezor Launches Trezor Safe 7: First Hardware Wallet With Transparent Secure Element
    20 hours ago
    Roba Shatters Closed Systems: The People’s Robotics Platform Launches To Dominate $218b Industry
    22 hours ago
    MEGACAMPUS SUMMIT 2026 TO BE HELD IN DUBAI — THE WORLD’S LARGEST LECTURE EVENT
    23 hours ago
    Aster Unveils Rocket Launch: A Gateway to Early-Stage Crypto Projects and Trading Rewards
    1 day ago
  • NEWS
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
    NEWSShow More
    10 Best Performing Crypto last 6 Months
    10 Best Performing Crypto last 6 Months
    9 hours ago
    10 Cryptos Listed as Securities: Top Tokens Under Regulation
    10 Cryptos Listed as Securities: Top Tokens Under Regulation
    18 hours ago
    10 Best Crypto Volume Trackers for Accurate Market Insights
    10 Best Crypto Volume Trackers for Accurate Market Insights
    2 days ago
    10 Best Crypto Trading Courses on YouTube
    10 Best Crypto Trading Courses on YouTube
    2 days ago
    10 Best Dog Meme Coins To Buy In 2025 For Crypto Fans
    9 Best Dog Meme Coins To Buy In 2025 For Crypto Fans
    3 days ago
  • MORE
    • Guide
    • Only Best
    • Off Topic
    • Best Affiliate Marketing
    • Best Affiliate Programs
    • BOTS
    • Trusted Currency Exchanger Platform
    • Blockchain Games
    • Metaverse Review : Best Metaverse Program Review
    • Online Survey
    • Payment Platform
  • VPN
  • Contact Us
Reading: Bitcoin Soared To $5,000 Because The Bitcoin ETF Passed?
Share
Notification Show More
Font ResizerAa
CoinworldstoryCoinworldstory
Font ResizerAa
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
Search
  • HOME
  • CRYPTO
    • AI
    • BOTS
    • ICO
    • AIRDROP
    • Price Prediction
    • EXCHANGE
    • ALTCOIN
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining
    • WALLETPRO
  • PR
  • NEWS
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
  • MORE
    • Guide
    • Only Best
    • Off Topic
    • Best Affiliate Marketing
    • Best Affiliate Programs
    • BOTS
    • Trusted Currency Exchanger Platform
    • Blockchain Games
    • Metaverse Review : Best Metaverse Program Review
    • Online Survey
    • Payment Platform
  • VPN
  • Contact Us
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Home » Blog » Bitcoin Soared To $5,000 Because The Bitcoin ETF Passed?
Bitcoin

Bitcoin Soared To $5,000 Because The Bitcoin ETF Passed?

How To Find Local Experiences – Travel Like a Local Anywhere
Last updated: 03/02/2023 4:07 PM
Coinworldstory
7 years ago
Share
Disclosure: We are not a registered broker-dealer or an investment advisor. The services and information we offer are for sophisticated investors, and do not constitute personal investment advice, which of necessity must be tailored to your particular means and needs. !
Bitcoin Soared To $5,000 Because The Bitcoin ETF Passed?
SHARE
As early as March 2017, the US Securities and Exchange Commission (SEC) rejected the Bitcoin ETF application filed by the Winklevoss brothers. The reason was that price manipulation was still in the bitcoin market, and its unstable price would increase the difficulty of regulation.

Fast forward to March 2019, the US Securities and Exchange Commission has not approved any application for the Bitcoin ETF. For cryptocurrency proponents who want ETFs to provide more regulatory guidance to the industry, the compliance process has a long way to go

The good news is that the position of the SEC has eased since March 2017, and members of the committee even said they expect the Bitcoin ETF to be approved sooner or later.

In fact, as early as June 30, 2016, the Bats BZX Exchange submitted a related application to the US Securities and Exchange Commission, which will allow it to list and trade the shares of the Winklevoss Bitcoin Trust.

If approved, Winklevoss’ ETF will be the first Bitcoin exchange-traded fund approved to be listed on a fully regulated stock exchange, allowing non-professionals to obtain Bitcoin without the risk of managing their own digital assets .

- Advertisement -

Undoubtedly, this will represent a major step toward the mainstream of encryption, but after lengthy deliberations and consultations , the SEC rejected the request of the Bats BZX exchange.

On March 10, 2017, the SEC issued a statement explaining that the reason behind its decision was that it was difficult for Bitcoin to prevent price manipulation and that digital asset-related fraudulent incidents occurred frequently.

Less than two weeks after the decision was announced, the US Securities and Exchange Commission also rejected a similar proposal submitted by the New York Stock Exchange Arca, proposed by the Intercontinental Exchange, to list the SolidX Bitcoin Trust ETF.

2017 was a bad year for the Bitcoin ETF.

With the end of 2017, the entire encryption industry felt the SEC’s skepticism about thebitcoin market , and its skepticism about the market was reinforced by a large number of comments from people outside the encryption industry.

- Advertisement -

However, this unfavorable situation began to change gradually in 2018, because although the US Securities and Exchange Commission continued to reject the Bitcoin ETF, there were different voices within the committee .

In July 2018, the US Securities and Exchange Commission again rejected the Bink BZX exchange’s proposed listing of the Winklevoss Bitcoin Trust.

However, the SEC wrote in the statement: “Although the committee disapproves of the proposal, the committee emphasizes the need for a more general technical assessment ofbitcoin or blockchain technology before it can be judged whether it has utility or potential value.”

- Advertisement -

This public objection by members of the US Securities and Exchange Commission indicates a subtle shift in their perception of the encryption field, which will help the Bitcoin ETF eventually pass.

Public opinion began to discuss the Bitcoin ETF, and the number of Bitcoin ETF proposals rejected by the SEC in 2018 in various debates set a historical record .

On August 22 alone, the committee rejected nine applications , including Direxion, ProShares and GraniteShares. The US Securities and Exchange Commission once again explained the reasons for the refusal, mainly because the relevant applications failed to prove that the applicant’s rules could effectively prevent fraud and market manipulation.

It is not surprising that the Commission still insists on this view.

In 2019, the long-term bear market led to a weakening of the bitcoin ETF application, but the hope of adoption increased.

In February of this year, a US Securities and Exchange Commission commissioner said in an interview that the SEC is expected to authorize a bitcoin ETF to meet market expectations.

In the same month, a commissioner of the Commodity Futures Trading Commission  ( CFTC ) criticized the SEC for rejecting the previous ETF for potential price manipulation.

With the maturity of the encryption industry and the deepening of technology awareness around the world, the Bitcoin ETF has begun to be watched around the world, its influence is expanding from the United States to Russia, and then to Japan, the SEC approves its first bitcoin. ETFs may only be a matter of time .

10 Best Snake Tokens 2025: Top Meme & Crypto Snake Coins
Michael Saylor Breaks Silence with Ominous Message as Bitcoin Stalls Near Peak
Strategy Inches Toward 620K BTC as $2.5B Stock Deal Fuels Bitcoin Buying Spree
Altcoin Market Sees Renewed Momentum Amid Bitcoin Dominance Shift
Strategy to Raise $2.47 Billion via Preferred Share Offering Amid Ongoing Bitcoin Push
Share This Article
Facebook Email Print
How To Find Local Experiences – Travel Like a Local Anywhere
ByCoinworldstory
Coinworldstory.com Provide Latest Review From, ICO,, Bitcoin, Paid To Click, Blockchain Technology, Affiliate Marketing, Mlm, Etc.Our Team Expert In This Field And Provide Latest Information To Our Users. Thanks For Visiting Coinworldstory.com
Previous Article Bitcoin Millionaires And Billionaires Bitcoin Millionaires And Billionaires
Next Article Weekly Forecast Of Bitcoin Prices (BTC): Indicators Offer Rally Of Up To $ 9000 BTC Increase 19.17% in 24 hours, The Market Value Surged 5.1 Billion US Dollars
10 Best Crypto Wallets In Zambia for Safe Trading
10 Best Crypto Wallets In Zambia for Safe Trading
Wallets
10 Best Performing Crypto last 6 Months
10 Best Performing Crypto last 6 Months
Altcoins
10 Cryptos Listed as Securities: Top Tokens Under Regulation
10 Cryptos Listed as Securities: Top Tokens Under Regulation
Altcoins
Trezor Launches Trezor Safe 7: First Hardware Wallet With Transparent Secure Element
Press Releases

Latest Published

Why Are Institutions Quietly Buying Up Ethereum? Novogratz Reveals a Telling Shift

Why Are Institutions Quietly Buying Up Ethereum? Novogratz Reveals a Telling Shift

3 months ago
Altcoin Surge at Risk as Bitcoin Dominance Flashes a Critical Warning Sign

Altcoin Surge at Risk as Bitcoin Dominance Flashes a Critical Warning Sign

3 months ago
From Skeptic to Believer: What Made Jim Cramer Start Stacking Bitcoin?

From Skeptic to Believer: What Made Jim Cramer Start Stacking Bitcoin?

3 months ago
Why Did SpaceX Quietly Move $150 Million in Bitcoin After Years of Inactivity

Why Did SpaceX Quietly Move $150 Million in Bitcoin After Years of Inactivity

3 months ago
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
What Is Solana? A Complete Guide to the Fast and Scalable Blockchain
What Is Solana? A Complete Guide to the Fast and Scalable Blockchain
Trending
10 Best Shoes For Bunions – Comfort, Support & Pain Relief
10 Best Shoes For Bunions – Comfort, Support & Pain Relief
Trending
10 Best Macroeconomics Books-for Students and Professionals
10 Best Macroeconomics Books-for Students and Professionals
Trending
CoinworldstoryCoinworldstory
Follow US
© Coinworldstory News Network. Cws Design Company. All Rights Reserved.
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
coinworldstory logo coinworldstory logo
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?