Find Your Broker
Name Symbol Market Market Cap ($) Algorithm
Bitcoin BTCGBP Crypto 64,833,990,107 SHA-256d
  Price Change Price Change % Current Price Bid Price Offer
  60.30 +2.14% 2,883.59 2,883.59 2,885.49
High Price Low Price Open Price Prev. Close 52 Week Range
2,960.00 2,815.05 2,815.86 2,823.29 4,194.92 - 15,081.92
Exchange Last Trade Size Trade Price Currency
GDAX 12:25:10 0.019651 2,883.59 GBP
Price x Volume Volume Base Symbol Related Pairs
771,248.65 268.36 BTC BTCEUR BTCUSD ETHBTC

The SEC and the Never-ending Saga of the Crypto ETF

07/02/2019 5:23pm

ADVFN Crypto NewsWire



 
 

Bitcoin Global News (BGN)

February 07, 2019 -- ADVFN Crypto NewsWire -- No, this will not be yet another piece that speculates on when the Securities and Exchange Commission will approve any sort of crypto based exchange traded fund. Even so, because of the news involving Abra yesterday, something needs to be added to be added to the mix that applies to both of these situations.

If you recall, yesterday, it was announced that Abra will now allow its’ users to invest in fractional shares of traditional stocks and ETFs on the same platform that they already use to invest in around 30 different cryptocurrencies. With this comes the added benefit that we mentioned yesterday that Abra is still non-custodial and therefore, only gives users the rights to all of these opportunities through smart contracts.

Perhaps even more importantly however, Abra’s pivot may help it to lead the charge for the acceptance of a regulated, crypto exchange-traded-fund.

The reason for this possibility is simple. If Abra can prove that crypto and shares of ETFs can be safely tied together in a basic sense, then perhaps investors will eventually be allowed, by their governments, to own direct shares of them. Even though Abra’s current connection with ETFs is quite indirect, it still represents an allowed, legal use case that could prove that a crypto ETF is viable.

In other words, the SEC has been dragging its’ feet and eventually rejecting every crypto ETF proposal up to now. What this indicates is that they feel something is missing in all of them, which could be a workaround, use case that demonstrates that crypto ETFs can work in existing regulatory frameworks. Therefore, in the end, it would seem that the Abra platform might represent that use case in its’ most logical form.

 

 

By: BGN Editorial Staff

1 Year Bitcoin Chart

1 Year Bitcoin Chart

1 Month Bitcoin Chart

1 Month Bitcoin Chart
Your Recent History
COIN
BTCGBP
Bitcoin
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20190218 12:25:21