You will wait longer for a Bitcoin ETF: The US SEC postpones VanEck proposal

Despite high volatility in the crypto market; US SEC decides to delay and not reject Bitcoin ETF proposal.
The commission to further study the proposal and understand the cryptocurrency market.

John Isige FXStreet

Investors will have to wait longer for the verdict regarding the proposed Bitcoin exchange-traded fund (ETFs). The US Securities and Exchange Commission in a circular sent out on August 12 said that the regulator intended to study the proposals further.

The delay does not come as a surprise to investors. Many anticipated that a postponement by the SEC due to the high volatility not only for Bitcoin but the entire cryptocurrency market. The delay is not entirely negative for the proposed Bitcoin ETFs by VanEck, Bitwise, and Wilshire Phoenix.

While the SEC could have outrightly rejected the proposals citing high volatility and lack of regulations, the regulator has chosen to better understand the product proposed and study the market.

At the moment, Bitcoin is trading at $11,228 following a 1.28% loss on the day. Bitcoin price opened the session on Tuesday at $11,386 and has hit a high of $11,439. The prevailing trend is bearish just like the rest of the crypto market.

Author

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

Uniswap extends rally amid Arc stablecoin liquidity partnership

Uniswap approaches $3.00 at the time of writing on Tuesday, extending its rebound for the sixth consecutive day. The rebound aligns with the broader risk-on mood in the crypto market, with Bitcoin trading above $67,000.

Crypto Today: Bitcoin extends recovery above $66K as Ethereum and XRP lose momentum

Bitcoin holds above $66,000, seemingly poised to extend its rebound, supported by growing retail demand. Ethereum struggles near the $1,800 short-term supply range despite a strengthening derivatives market.

Bitcoin rebound driven by fading selling pressure as demand remains subdued

Bitcoin extends its recovery, trading above $66,500 on Tuesday, marking four consecutive days of green candlesticks. Report highlights that BTC is staging a tentative relief bounce from deeply oversold conditions, suggesting stabilization rather than a trend reversal.

Zcash, Near Protocol, Hyperliquid regain bullish momentum after Arthur Hayes exit

Zcash, NEAR Protocol, and Hyperliquid edge higher on Tuesday, extending their recovery so far this week. Retail and institutional demand heats up for altcoins, fueling a rebound as prices fully absorb the impact of Arthur Hayes's exit.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support. The recovery may suggest that Bitcoin has found a floor after a sharp correction that spanned more than a month, but some warning signs persist.