RATE Group | Bitcoin price LIVE: Bitcoin climbs to $8,300 despite SEC delay on ‘holy grail’ ETFs | Ci…
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Bitcoin price LIVE: Bitcoin climbs to $8,300 despite SEC delay on ‘holy grail’ ETFs | Ci…

25 Jul Bitcoin price LIVE: Bitcoin climbs to $8,300 despite SEC delay on ‘holy grail’ ETFs | Ci…

Posted at 09:30h in Bitcoin News by

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8.30am MORNING HEADLINES

Good morning, and welcome to our rolling coverage of all things cryptocurrency, including price, regulation, innovation and financial crime.

Bitcoin is priced at $8,349 this morning with ethereum rising to $475 and ripple suprisingly flat at $0.45.

The Securities and Exchange Commission (SEC) has decided to play it safe after announcing a delay on its ruling on the approval to a rule change relating to five bitcoin ETF applications.

Crypto traders around the world were optimistic over the pending decision from SEC over the approval of a much-hyped ETF that would mark the biggest step yet for digital assets into the centre-ground of mainstream finance.

A bitcoin ETF (exchange traded fund) would mean people are able to buy into bitcoin without having to deal with online exchanges that suffer from credibility issues and lack of regulation.

In February this year JPMorgan broke the negativity cycle to cite the potential of a bitcoin-based ETF.

The bank described it as…

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