BitcoinNews

Bitcoin Fell Below $6,500 After SEC Delayed Bitcoin ETF Announcement


According to a statement released on Wednesday, the US Securities and Exchange Commission delayed the announcement of whether to allow the VanEck Associates Corp and Solid Partners Inc funds to go public from next week to the end of September.

Earlier, an exchange had requested a similar fund to be operated by Tyler and the Cameron Winklevoss brothers, but the US Securities and Exchange Commission rejected the request in July this year.

According to Bloomberg, traders had previously expected VanEck's proposal to be more likely to be approved because the company plans to raise the minimum unit price, but some believe it will dampen the enthusiasm of retail investors.

Bitcoin and other mainstream cryptocurrencies received some support on the previous trading day, and there are reports that Barclays Bank is studying how to trade cryptocurrency.

Barron reports that according to a brief introduction by two employees at Barclays Bank in LinkedIn, they are working on a project to include cryptocurrency in banking transactions. However, according to Coinbase, Barclays Bank said it has not yet established a plan for the digital currency trading department.

Other financial institutions are also considering the use of cryptocurrencies and their underlying technology blockchain. On Monday, it was reported that Goldman Sachs is exploring the provision of hosting services for cryptocurrency funds.

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