Bitcoin ETFs: Wait May Continue Even Longer

| May 20, 2019 | Sponsored

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Cryptocurrency Bitcoin has doubled in value this year, moving from $4000 to above $8000. Meanwhile, the clock is currently ticking for approval on a new potential ETF, an offering by VanEck. To date, no Bitcoin ETFs have begun trading, as last week the SEC delayed a decision on another Bitcoin ETF offering from Bitwise. In a document released on Monday morning, the SEC revealed that it will be exercising its right to delay its decision by another 90 days, to August 19th. The document cited concerns like the prevention of “fraudulent and manipulative acts and practices”, likely in reference to the recent Tether and Bitfinex imbroglio and the Bitstamp flash crash, which are concerning to the agency and speculators.

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FNB South Africa

In 1998 Rand Merchant Bank Holdings and the financial services interests (First National Bank of Southern Africa Limited "FNB"​ and Southern Life Limited) of Anglo-American were merged to form FirstRand Limited. FNB became a wholly owned subsidiary of FirstRand and currently trades as a division of FirstRand Bank Limited.

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Spotlight

FNB South Africa

In 1998 Rand Merchant Bank Holdings and the financial services interests (First National Bank of Southern Africa Limited "FNB"​ and Southern Life Limited) of Anglo-American were merged to form FirstRand Limited. FNB became a wholly owned subsidiary of FirstRand and currently trades as a division of FirstRand Bank Limited.

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