RATE Group | Crypto Prices Fall; U.S. SEC Delays Three Bitcoin ETF Proposals By Investing.com
57879
post-template-default,single,single-post,postid-57879,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Crypto Prices Fall; U.S. SEC Delays Three Bitcoin ETF Proposals By Investing.com

13 Aug Crypto Prices Fall; U.S. SEC Delays Three Bitcoin ETF Proposals By Investing.com

Posted at 06:11h in Cryptocurrency News by

[ad_1]

© Reuters.

Investing.com – Cryptocurrency prices fell on Tuesday in Asia following news that the United States Securities and Exchange Commission (SEC) delayed its decision on three exchange-traded fund proposals.

Proposals by VanEck SolidX, Bitwise Asset Management and Wilshire Phoenix were delayed till mid-October, according to the SEC document released overnight.

“The Commission finds its appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider this proposed rule change,” the document said.

In June, SEC Chairman Jay Clayton said that the regulator must first feel comfortable with the safety of custodial services before it could move ahead on an ETF.

Prices of major cryptocurrencies dropped following the news.

slipped 0.1% to $11,392.3 by 12:09 AM ET (04:09 GMT). was down 1.6% to $209.00, lost 1.4%, while dropped…

[ad_2]

Source link

Tags:
, , , , , , , ,