BTC Holds on to $3,500 Support After Cboe Withdraws Bitcoin ETF Proposal

Bitcoin Affected By US Govt Shutdown

Bitcoin Affected By US Govt Shutdown

Cboe has asked the Securities and Exchange Commission for approval to list and trade a new Bitcoin exchange-traded fund called the VanEck SolidX Bitcoin Trust however the application was pulled this week claiming that "timing related to the USA government shutdown as the end of the review period approaches". The withdrawal, which was filed on January 22, brings to a close the Bitcoin ETF filing which was initially presented last June, at least temporarily. "We plan to resubmit a filing at a later date and look forward to continued discussions with the SEC".

The Cboe are aiming to re-submit the application after the US Government shutdown is over.

"Cboe's decision to withdraw its filing with the SEC to list and trade shares of the VanEck SolidX Bitcoin Trust is a function of timing related to the US government shutdown as the end of the review period approaches", Cboe said in an emailed statement. But in light of the ongoing government shutdown, which has derailed agendas and furloughed government staffers, the final deadline was unlikely to have had a positive outcome. The agency has rejected the Bitcoin ETF application previously saying that Bitcoin continues to be a vulnerable and manipulated asset, as well as other issues affecting it.

Indonesia Will Review Bali Bombing Mastermind's Release From Jail
Widodo said Friday he had agreed to release Bashir on humanitarian grounds. Mr Morrison added that Bashir should serve his full 15-year sentence.

Elsewhere in the market, Gemini's Winklevoss twins confirmed their commitment to getting a bitcoin ETF off the ground during an Ask Me Anything on Reddit. Many in the crypto world believed that the inflow of capital into the Bitcoin market from the VanEck SolidX Bitcoin ETF could lead to a major rally. "Will keep you updated".

Further, the VanEck SolidX Bitcoin ETF would have been available on major stock trading platforms, making it a great way for institutional investors and stock traders to diversify into Bitcoin.

The lack of surveillance and market manipulation questions were particularly harsh, since there was nothing the people behind the VanEck SolidX Bitcoin ETF could do to fix those problems. He says holding actual Bitcoin is more important. The crypto market is not dependent on any government or financial institution and no single product or service has the power to make or break bitcoin. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor.

Recommended News

  • Oh God, Now Vivo Has a Zero Port Phone On the Way

    Oh God, Now Vivo Has a Zero Port Phone On the Way

    In future, the deep integration of 5G and AI will become key to the development of the 5G smartphone era, the company said. While there's no word on whether Vivo Apex 2019 would ever be commercially available, but don't lose hope.
    Karan Johar finally speaks up on Pandya-Rahul sexist comments row

    Karan Johar finally speaks up on Pandya-Rahul sexist comments row

    Calling himself a feminist who has been brought up by strong women, Johar said he asks the same questions to everyone. I invited them as guests and so the ramifications and repercussion of the show are my responsibility.
    Rumor: Grizzlies have been quietly gauging trade market for Marc Gasol

    Rumor: Grizzlies have been quietly gauging trade market for Marc Gasol

    Conley can be terminated from his contract early in 2020-2021 and would receive $22.4 million of his $34.5 salary guaranteed. The Grizzlies drafted Conley, 31, out of Ohio State with the No. 4 pick in the 2007 National Basketball Association draft.
  • Elizabeth Warren Proposes 'Ultra-Millionaire Tax' As Part Of 2020 Bid

    Elizabeth Warren Proposes 'Ultra-Millionaire Tax' As Part Of 2020 Bid

    Alexandria Ocasio-Cortez (D-NY) said she would like to place a 70 percent tax on top earners. People with more than $1 billion will see a 3 percent wealth tax on their assets .
    Hong Kong housing ranked world’s least affordable for 9th year

    Hong Kong housing ranked world’s least affordable for 9th year

    House prices are falling rapidly in Sydney, Melbourne and Perth, although there are different factors at play across the ditch. Based on Demographia's definition, a city with a median multiple of 5.1 or above is considered "severely unaffordable".
    Prince William gets emotional at mental health panel

    Prince William gets emotional at mental health panel

    He added: "Something in the day comes along that is closely related to your own personal life and that really takes you over a line".
  • Apple Removes over 200 Employees from Self-Driving Project Titan Team

    Apple Removes over 200 Employees from Self-Driving Project Titan Team

    The company described the efforts in broad terms, arguing that "this is the most ambitious machine learning project ever". In August 2018, Tesla's former engineering Vice President Doug Field was appointed by Apple to lead team "Titan".
    LeBron James Named Captain for 2019 All-Star Game

    LeBron James Named Captain for 2019 All-Star Game

    Butler has appeared in just 38 games this season (28 for the 76ers), averaging 19.6 points per game, 4.9 rebounds and 3.7 assists. Reserves will be announced January 31, based on the selections made by National Basketball Association coaches.

    Watch an Asteroid Hit the Moon During a Lunar Eclipse

    So, we usually monitor the Moon about five days after the New Moon, and around five days before the New Moon. The MIDAS team released a video of the rare event with a timecode of when the flash can be seen.
  • Matt Smith Joins Jared Leto In Spider-Man Spin-Off Morbius

    With unique look and wiry frame, it's easy to imagine him vanishing under latex to play another supernatural Marvel character. However, Venom is among the most popular members of Spidey's rogues' gallery and Morbius is...well, niche is the kind word.
    Monaco coach Thierry Henry suspended

    Monaco coach Thierry Henry suspended

    At some point, you need guys who want to save the club, who don't think about themselves. We will see today [Thursday],' he said .
    It's so cold, parts of Niagara Falls are frozen

    It's so cold, parts of Niagara Falls are frozen

    Despite the storm bringing dangerously freezing temperatures across the Northeast, people seem to be enjoying the view. Emma Graham told CNN she felt like she was in "Elsa's castle".

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.