Bitwise to press on with Bitcoin ETF

Rajan Dhall, MSTA FX Daily

Bitwise are trying to move forward with the Bitcoin ETF despite regulatory hurdles.

Mr Hogan who is heading up the project recently featured on a podcast where he let us in on some more details surrounding the project.

He was in defiant mood and rightly so. Bitwise have not been completely shot down but the United States’ financial regulator (SEC) had previously published a 112-page document, detailing the reasons behind the rejection,

We learned a lot from that feedback and we use that as the basis of our analysis. They made an argument that you could have a small regulated surveillance market. The SEC said that wasn’t enough.

Hogan also went on to address SEC Chairman Jay Clayton’s interview on CNBC where he said that “progress was being made” with Bitcoin ETFs, even though a lot of work needs to happen. Hougan said:

That’s what we heard in our disapproval. Progress has been made, more work needs to happen. The SEC told us what needs to happen. So we’re following that pathway

So watch this space there are surly more twists and turns to come in this saga and after the company had submitted a 560-page research report to the SEC it seems there is still work to be done.

Author

Rajan Dhall, MSTA

FX Daily

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

Uniswap Price Forecast: UNI tests 200-day EMA supply amid renewed retail demand

Uniswap (UNI) edges higher near an immediate resistance at $3.88 on Tuesday. The native decentralized exchange (DEX) token is defying a broader correction in the cryptocurrency market, even as Bitcoin (BTC) falls toward $63,000 from its July highs around $67,000.

XRP slides amid risk-averse pressure and ahead of Fed rate decision

Ripple (XRP) continues to trade under increasing pressure on Tuesday. This marks the second consecutive day of declines, reflecting broader risk-off sentiment as investors appear to shift gears in anticipation of the Federal Reserve (Fed) interest rate decision. On Wednesday, the Federal Open Market Committee (FOMC) is widely expected to leave interest rates unchanged in the 3.50%-3.75% range.

Crypto Today: Bitcoin, Ethereum, XRP remain under pressure as risk-off sentiment persists

Bitcoin (BTC) is falling toward the immediate $63,000 support at the time of writing on Tuesday, weighed down by continued risk-off sentiment. Altcoins, including Ethereum (ETH) and Ripple (XRP), remain under pressure, trading below $1,900 and $1.10, respectively. Crypto market sentiment remains largely unresponsive and in the Fear territory, as reflected in the Fear & Greed Index.

Bitcoin price prediction: Is $60K back in focus as headwinds mount?

Bitcoin is falling towards 63k, at a 10-day low, as a sell-off in AI-linked stocks has hit risk sentiment, spilling over into cryptocurrencies and as investors look cautiously ahead to tomorrow's FOMC rate decision. Bitcoin is down 2.7% over the past 24 hours and more than 4% over the past seven days as it extends its pullback from 67k the July high reached last week.

Bitcoin: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) supported BTC’s modest recovery as they continued to attract institutional inflows through Thursday, pointing to the third consecutive week of inflows.