Well, if memory serves, the bullish trajectory formed after two
exchanges gained approval for a Bitcoin futures contract.
Not exact matches
Several financiers have tried to
gain approval for these new instruments, but have so far been unsuccessful in the U.S. (an
exchange traded note or ETN is available to investors in Europe).
While some insurers are already leaving the market, the hard deadline will be June 21, when plans must be submitted to states to
gain regulatory
approval to offer the plans on the state
exchanges in 2018.
Cameron and Tyler Winklevoss, the twin brothers who famously claimed to have come up with the idea for Facebook only to have it allegedly stolen by Harvard classmate and eventual founder Mark Zuckerberg, are on the brink of
gaining SEC
approval of an
exchange - traded fund that tracks the price of Bitcoin.
There have been a number of efforts to get a Bitcoin ETF off the ground, along with
gain similar acceptance for other cryptocurrencies but none of the attempts have proven successful thus far, falling short of
gaining approval from the United States Securities and
Exchange Commission.
Japan is still a haven for crypto and Tokyo
exchange BitFlyer has recently
gained approval to operate in Europe.
The Tokyo - based Bitocean Corporation is now the 16th company to
gain approval by the agency to operate a crypto
exchange.
One of the biggest challenges still to be met on the investment front is
gaining the government's
approval for a bitcoin
exchange - traded fund (ETF), which many observers believe will unleash a floodgate of investment capital.
The trend continues Japan's newfound official love affair with cryptocurrency, the technology having
gained regulatory
approval and enjoying an exploding
exchange and commerical scene.
US
exchanges CBOE and CME also launched the first regulated bitcoin futures contracts available to Wall Street investors, and fund providers have sought (thus far unsuccessfully) to
gain regulatory
approval to use these contracts as the basis for
exchange - traded funds that track the price of bitcoin (Bitcoin ETFs).
The massive
gains in the GBTC (Grayscale Bitcoin Investment Trust) share value this year (508 percent) are not enough to get it through
approval with the Security and
Exchange Commission (SEC) for trade on the New York Stock Exchange's Arca e
Exchange Commission (SEC) for trade on the New York Stock
Exchange's Arca e
Exchange's Arca
exchangeexchange.