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Crypto Prices Fall Sharply after SEC Postpones Bitcoin ETF Decision

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Guest

Published on:

Aug/08/2018

Bitcoin, which now makes up to 80% of all online gambling transactions. dipped again on Wednesday following news that the U.S. Security and Exchange Commission (SEC) will postpone the decision on approving what would be the first-ever Bitcoin ETF, which was issued by VanEck SolidX Bitcoin Trust.

The SEC said it needs a more prolonged period to review the more than 1300 comments that have come in regarding the proposal.

The decision must be reached by September 30, 2018 with the SEC designating a new date of September 21, 2018.

The SEC recently rejected a proposal by Tyler and Cameron Winklevoss to launch a Bitcoin ETF.

The price of Bitcoin had dropped from just under $7000 late Tuesday to around $6200 on Wednesday afternoon.

- Aaron Goldstein, Gambling911.com

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