CBOE BTC Futures to Expire on March 14

At the moment of press, 4 month contracts for BTC are traded on the exchange
12 March 2018   1049

Currently, four monthly contracts for Bitcoin are traded on the exchange. The nearest of them expires on Wednesday. This is reported by Forbes.

According to the data, over the past week the contract was traded in the price range between the minimum of $ 8,380 and the maximum at $ 11710 with a difference of 28.4%.

Such a volatility was facilitated by the announcement of the SEC on mandatory registration of online platforms that deal with the trade in digital currencies.

It is expected that this week, among other factors affecting the value of Bitcoin, there may be added volatility, which is also associated with the expiration of the contract.

Since Bitcoin trades without interruptions, and CBOE working hours are limited, the movement of the value of the cryptocurrency at the weekend is not taken into account by the exchange, which is why some investors may lose their money.

Before the February espiration of futures, many users expected a decrease in the price of Bitcoin, based on the state of the market before the close of trading in January, however, this did not happen.

SEC to Need More Info on BTC ETF

SEC is gathering more input from the public – to date, according to the agency, more than 1,400 comments have been submitted
21 September 2018   167

The US Securities and Exchange Commission (SEC) announced the beginning of a formal process for considering the application for the creation of bitcoin-ETF from the New York companies VanEck and SolidX. Nevertheless, the agency appealed to the community for more information. This is stated in the document published on the SEC website.

Institution of such proceedings is appropriate at this time in view of the legal and policy issues raised by the proposed rule change. Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved. Rather, as described below, the Commission seeks and encourages interested persons to provide comments on the proposed rule change.
 

The US Securities and Exchange Commission

At the moment, the SEC received about 1,400 comments.

According to the document, the Chicago Board Options Exchange (CBOE) has signed an agreement on the exchange of data on bitcoin transactions, trading and the state of the market with the cryptocurrency trading platform with Gemini.

The agency asked commentators to clarify the position of Gemini in the digital currency market and assess the likelihood of increased volatility at this site in connection with possible trades of bitcoin-ETF.

So, before September 30, the department had to decide on whether to approve, deny or initiate the proceedings. The SEC chose the latter, which is likely to delay the process until the next year.