A couple of weeks back we saw Bitcoin fall from its mighty high-rise prices to below $8000 a pop right after the SEC dashed any hopes of Bitcoin being recognized officially. The SEC (Securities and Exchange Commission) decided to reject the second round of the Bitcoin Exchange-Traded Fund or ETF which was proposed by Cameron and Tyler Winklevoss.

Over the last year we have seen Bitcoin rise to as much as $19,000, and just last month it was enjoying a mini-high. However, even after the temporary downward spiral, and it dipping to as low as $7,900, it quickly shot up to more than 35% of its value. That’s a much higher value after it hit a mere $5,785.43 just last month.

Mati Greenspan was quoted as saying a few days back that the ETF market had tremendous potential. It had the possibility of opening up the market to a number of well-funded buyers. Not only is Greenspan positive but several others also commented about the positive vibes associated with the Winklevoss’ proposed ETF. If anything it would have influenced major gains in Bitcoin’s value in addition to other currencies.

The good news is that there is yet another ETF application in the works and its called the VanEck SolidX Bitcoin Trust. Currently, the SEC has not released any official comment about this application. However, as per Dodd Frank rules, the SEC has just 45 days within which to take action after the publication of the proposal. So, they have up to August 16th.

Open a Free IQ Option Demo Account by Clicking the Green Button Below

General Risk Warning:Binary options trading carries a high level of risk and can result in the loss of all your funds

Binary and digital options are prohibited in EEA

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

Start trading now with our recommended Binary Options Brokers.

Start trading now with Binary Option Robot

Recommended Brokers:

	Min. Invest	Min. Deposit	Max. Returns
	$1	$10	92%
	$1	$10	91%
						All brokers >>