Bitcoin ETF Approval Prospects in the Face of Bitcoin Cash’s Hash War

Bitcoin ETF Approval Prospects in the Face of Bitcoin Cash’s Hash War

The US SEC has been delaying a decision for BTC ETF approvals, the last update for a decision was slated for 29 December 2018; will the hash war between Bitcoin Cash ABC and SV affect BTC ETF prospects for approval?

The purpose of the Securities and Exchange Commission (SEC) is to be the official and authoritative regulatory body to maintain a reasonable and efficient market and, at the same time, protect investors from fraudulent activities.

The US regulatory body said it will re-review Bitcoin exchange-traded fund (ETF) applications. CBOE Exchange, SolidX, and VanEck are the three firms with pending applications. Also, 5 proposals from Direxion, 2 from GraniteShares, and 2 from ProShares are awaiting the green light from the SEC.

Since the current market situation showed high volatility, with the price of BTC stooping to $5,500, some believe the SEC will once again delay its decision, but there are a few who believe the contrary.

The Hash War: BCH Hardfork Aftermath

Therefore, the BCH has war will not be decided in 1 or 2 days, but over many days and possibly weeks… Until a dominant chain emerges…

Calvin Ayre and Coingeek Press Release

Last week, Bitcoin Cash completed its upgrade. But before the upgrade, the price of BTC slumped to $5,500, the lowest for the year. BTC holders are said to be panic selling and the price just keeps on sinking.

The hash power, intended to be used for Bitcoin mining, is being diverted over to Bitcoin Cash. (This is hypothesized to be the ‘proof’ to show the SEC of that the cryptocurrency market is unstable and volatile.)

Another development of the protocol upgrade is the unannounced and controversial BCH ABC checkpoint.

Gold ETF History is Similar to BTC ETF


The community in Reddit is discussing the probable similarities of a Gold ETF to a BTC ETF, with a question, ‘Is history repeating?’


8,744 USD


437.73 USD

Related news

Last Week Today Bitcoin and Cryptocurrency Weekly Digest: August 10-17th

Last Week Today – Bitcoin and Cryptocurrency Weekly Digest August 10-17 Bakkt receives all regulatory approvals, set for September launch China's central bank set to launch state-backed cryptocurrency IRS sends a second letter of warning to cryptocurrency traders Litecoin network suffers dusting attack from Russian mining pool Bakkt at long last. How will it affect […]
Bitcoin Exchange Guide

Wondering Why Bitcoin Hasn’t Returned To $13,000 Mark Yet? Here Are The Main Reasons

Despite numerous analysts and crypto worshippers predicting that Bitcoin will surpass the $13,000 mark, the king coin has continued to trade around the $10,000 mark and here are some reasons why. Ponzi Scheme Theory According to Primitive Crypto founding partner Dovey Wan, the Ponzi scheme is responsible for crashing the crypto industry. On JUly 14 […]
Bitcoin Exchange Guide

Hot news

By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.