Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Sep 10, 2018
Bitcoin ETFs shot down by SEC. Here's what's next

Bitcoin ETFs shot down by SEC. Here's what's next

The US Securities and Exchange Commission (SEC) has officially rejected requests to list nine cryptocurrency funds, dealing a blow to the digital currency enthusiasts who lobbied hard for the ETFs.

The decision was not particularly surprising – the SEC has cited concerns about market surveillance and manipulation for as long as they have been dealing with cryptocurrency, encouraging exchanges to minimize the risks investors face in an unregulated market. Hester Peirce, an SEC commissioner, promised a review of the decision, but a reversal remains unlikely.

ProShare Capital Management, GraniteShares Advisors, and Direxion Asset Management sponsored the nine ETFs, whose requests had been pending since December and January and were denied in advance of a hard deadline. According to Bloomberg, all nine funds “sought to use futures contracts to get exposure”; several also “[planned] to short Bitcoin.”

The SEC is under pressure to set standards in what until recently amounted to an investing ‘Wild West.’ Investors who bought-in at $20,000, around the peak of last year’s crypto boom, were certainly not pleased when the market dipped to around $6,000 – the neighborhood in which prices have stayed for most of the year.

While regulatory strides have been made, the threat of manipulation remains omnipresent. Chris Matta, co-founder at Crescent Crypto Asset Management, told Bloomberg that small markets and low volumes on some exchanges increase the odds for manipulation. “That’s [the SEC’s] major concern,” he said. “Without having any sort of regulatory body stepping in and policing people doing that, it’s always a possibility.”

But hope remains for cryptocurrency proponents. Peirce said in an interview that she is not opposed to the idea of a bitcoin ETF. Commenting specifically on a proposed fund run by crypto godheads Tyler and Cameron Winklevoss, Peirce said funds “would allow institutions to play a bigger role in the Bitcoin market, which I think would be good for the market and be good for retail investors as well.”

Peirce was the lone vote in favor of the fund, with the other three commissioners voting against it. While the agency declined to comment beyond orders posted after the decision, the documents say that “disapproval does not rest on an evaluation of whether Bitcoin, or blockchain technology more generally, has utility or value as an innovation or an investment.”

Investors will wait and hope for future positive rulings. One ETF from VanEck Associates Corp. and SolidX Partners Inc. still awaits a decision – the SEC postponed the initial ruling until this month and could wait until February to rule. Even if it were approved, that product is not the kind of accessible-to-the-masses fund that some investors are clamoring for, with features like a high minimum share price designed specifically to discourage use for that purpose. Until ETF issuers prove market integrity, verdicts from the SEC will likely remain the same.
 

ETFs are Off the Table – But Traders Can Still Actively Buy and Sell Cryptocurrencies

Tickeron has developed Artificial Intelligence to help investors find patterns and trends in the cryptocurrency markets, and the A.I. now covers over 1,600 cryptocurrencies. When the AI confirms a bullish or bearish pattern, it will alert users to the pattern and provide a target price for where it thinks the coin is headed. Users can use the AI to track over 1,000 cryptocurrencies.

You can learn more and even start a 45-day free trial today. Get started on tickeron.com.

Related Tickers: BTC.X
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Mar 07, 2021
4 Tricks Hedge Funds Use to Get Ahead

4 Tricks Hedge Funds Use to Get Ahead

If the stock market were Major League Baseball, hedge funds and institutional investors would be the pros on championship teams while everyday self-directed investors (SDIs) are the benchwarmers in the minors.It’s how they get ahead, and it’s why 90% of SDIs lose money trying to play (invest and trade) in the major leagues. The 4 tricks we discuss below are rooted in one common theme: they all use Artificial Intelligence and algorithms to generate data and ideas.
John Jacques's Avatar
John Jacques
published in Blogs
Mar 22, 2018
A.I. Stock Market Predictions: Head & Shoulders

A.I. Stock Market Predictions: Head & Shoulders

Statistics for the Head-and-Shoulders Bottom Pattern The days where only hedge funds used algorithms to trade stocks are officially over. Now retail investors can use Artificial Intelligence (A.I.  Here’s an example of the algorithm in action: Late last year, Tickeron’s A.I.
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Jul 10, 2020
3 Stocks to Buy if Coronavirus Second Wave Hits

3 Stocks to Buy if Coronavirus Second Wave Hits

By analyzing market trends from the first wave, you can predict behavior for the second. Technology stocks have performed at historic levels this year, but the market is severely overbought.To compensate for that, look at performance during Q1 and Q2, the height of global Covid shutdowns.
Edward Flores's Avatar
Edward Flores
published in Blogs
Feb 06, 2021
How to Become the Millionaire Next Door

How to Become the Millionaire Next Door

The Golden Gate Bridge is always a fixture of these walks too, one of man's most beautiful creations.  As we were walking, at one point she turned to me and said, "Man, I'll never have a million dollars."" My girlfriend is 27 years old and works as a graphic designer, making about $75,000 a year.
Alla Petriaieva's Avatar
Alla Petriaieva
published in Blogs
Feb 23, 2021
Is Ethereum’s Bomb about to Explode?

Is Ethereum’s Bomb about to Explode?

Ethereum’s software is set for an update in October.Until it is finished, participants in the Ethereum blockchain must determine how to delay the difficulty bomb – code that necessitates a steadily increasing amount of computer power to mine blocks and unlock rewards – that is already in place.
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Aug 07, 2018
When Is the Next Recession Coming?

When Is the Next Recession Coming?

However, we also know that economists predicted 22 recessions out of 11 that took place since 1945. Are there real recession signs we should watch for?Indeed, the answer is yes, and here are a few very important ones: The first one is almost obvious and known to everyone – it is the Fed.
Abhoy Sarkar's Avatar
Abhoy Sarkar
published in Blogs
May 22, 2020
Central banks have been buying $2.4 billion in assets every hour for the past two months

Central banks have been buying $2.4 billion in assets every hour for the past two months

Some $17.8 billion has been poured into  bond markets over the past week, the biggest move in more than three months.Around $3.5 billion has been invested into gold, the second largest on record. 
Rick Pendergraft's Avatar
Rick Pendergraft
published in Blogs
Feb 07, 2021
Mid-January Short Interest Report Shows 8 Stocks with Good Fundamentals and High Short Interest
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Mar 10, 2021
How to Start Trading Penny Stocks

How to Start Trading Penny Stocks

Penny stocks have long been marginalized within the professional investment community, oftentimes being painted with a broad brush of simply being “too risky.” Leonardo DiCaprio’s depiction of the penny stock peddling conman, Jordan Belfort, in the Wolf of Wall Street certainly didn’t help.Here are four reasons to start trading them now. Reason #1: Let’s State the Obvious -- Penny Stocks are Cheap A single share of Apple Inc. costs over $350.
Abhoy Sarkar's Avatar
Abhoy Sarkar
published in Blogs
May 08, 2020
US unemployment rate jumps to 14.7%, the highest in series history

US unemployment rate jumps to 14.7%, the highest in series history

The U.S. economy’s employment fell by -20.5 million in April. The coronavirus crisis led to unemployment rate soaring to 14.7% in the U.S, the highest rate in the Bureau of Labor Statistics-tracked series history that goes back to 1948. However, the figures were better compared to several economists'/analysts' forecasts of 22 million job losses and 16% unemployment rate.  Another unemployment measure that includes those who have stopped looking for work as well as those holding part-time jobs for economic reasons also touched an all-time high of 22.8%.