14 Aug, 2018 0 Commentaries 147 Views

SEC Delays Bitcoin ETF

SEC Delays Bitcoin ETF

Last week the SEC released a document revealing that it would be delaying its verdict of the VanEck and SolidX Bitcoin ETF by 45 days. In a two-page document the regulator highlighted the fact that it was exercising its right to delay such a decision, from the original date of August 16th to September 30th.

As a result of rampant bearish speculation that followed the announcement, the market saw a quick sell-off, with the price of Bitcoin quickly dropping through the key support at $6,800. Currently Bitcoin has plummeted even further and is trading at $6,431.

Watch full video at Weekly Top10 Cryptocurrency News 33

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