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The hype around crypto ETFs is not slowing down. While the community waits for ProShares ETF to start trading today, October 19, Invesco withdraws its proposal. The US SEC is keeping suspiciously quiet.

The US SEC has finally revealed it’s long awaited position on the bid filed by Wilshire Phoenix for a Bitcoin ETF. Wilshire Phoenix filed its application for a Bitcoin Exchange Traded Fund in mid 2019, but SEC only responded to it recently. The financial regulator cited fraud concerns as the major reason for rejecting the ETF application.

For over a year, the entire cryptocurrency community has been waiting for the final decision on Bitcoin exchange-traded funds (ETFs) by the United States Securities and Exchange Commission (US SEC), an autonomous agency of the US federal government. The community was more hopeful last year especially when BTC and other digital assets faced a protracted bear market in history. The bear market was very long, due to the fact that Bitcoin ETFs approval was being hoped as something that will restore the cryptocurrency market back to its positive trajectory like that of December 2017.

The entire crypto community is waiting for the approval of Bitcoin exchange-traded funds (ETFs). Since last year, more than 9 ETFs have been rejected by the United States (U.S) Securities and Exchange Commission (SEC).

The globe's first cryptocurrency exchange-traded product (ETP) will begin trading this week on a Swiss Exchange. It's Europe's fourth-biggest exchange with a market capitalisation of around $1.6 trillion.

Lawyer Jake Chervinsky tweeted about the recent rejection of nine Bitcoin (BTC) ETFs by the US SEC and said it would probably be done next month. Ran NeuNer earlier falsely revealed that the authority was to call BTC ETFs by Mon Nov 5, 2018.

Notwithstanding that the most recent round of Bitcoin (BTC) ETF denials by the US SEC are absolutely an obstruction, once launched, crypto ETFs will essentially change the game for digital currency.

On Friday, July 27, the U.S Securities and Exchange Commission (SEC) disallowed the Winklevoss Bitcoin ETF leading the Bitcoin price to fall by almost 4 percent.

First Crypto ETF, the world’s first exchange-traded fund for cryptocurrencies, will establish a Dash masternode and distribute the rewards earned through the masternode to First Crypto ETF token holders.