VanECK / SolidX’s Bitcoin ETF proposal was withdrawn – VanEck and SolidX withdrew their Bitcoin ETF proposal on September 17, one month before the SEC decision deadline. The decision was made a few weeks after the companies started offering a limited version of the product for “qualified institutional investors”. The XBTCZ Trust was not very successful, having sold a single share of 4 BTC so far.
Meanwhile, Bitwise Asset Management, which has filed a similar ETF application with NYSE Arca, is not discouraged by VanEck’s withdrawal.
“Historically, obtaining approval for new ETFs has been a process for many years, so we are not surprised about the withdrawal”,
said Teddy Fusaro, COO Bitwise.
“At Bitwise we continue to work on our filing and our research to answer all the substantive questions that the SEC has raised over the years and we intend to continue to highlight how the industry has made progress in order to meet those heavier questions. “
The deadline for the SEC to decide on the Bitwise application is October 13.
Binance US launched, but the exchange is not available in 13 US states
The long-awaited Binance US platform has officially launched today, but is not available to users in 13 US states. These include New York, Washington, Texas and Florida.
The platform will debut with six cryptocurrencies – Bitcoin, Ethereum, XRP, Bitcoin Cash, Litecoin and Tether, but more options are planned to be added in the near future. For the moment, users can only purchase cryptocurrencies through bank transfers.
Huobi launches in Argentina
Huobi Global has set up a crypto exchange in Argentina, with plans to implement cryptocurrency conversion services.
According to the official announcement, Huobi Argentina is currently offering OTC services where users can purchase cryptocurrencies with Argentine Pesos.
The company plans to add the option of purchasing cryptocurrencies directly on the platform in October, using cards, transfer options and through local electronic payment providers.
Huobi also announced plans to open a fiat-crypto ramp in Turkey by the end of this year.
Ethfinex closes on October 12, funds will be transferred to Bitfinex
The Ethfinex platform announced that it will close on October 12, 2019. The official blog states that funds that have not been withdrawn after this date will be automatically transferred to Bitfinex within 30 days. According to the posting, the trading volumes of the two platforms will be combined on September 17th.
The plan for Ethfinex is to evolve into “DeversiFi”, which will be a token trading platform that will allow users “full control of their trading experience.”
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