All You need to Know about the Current ETF FUD
Bitcoin ETF’s is a hottest and the most controversial topic these days. We at Cryptojournalist are bringing point to point evaluation regarding the current status of the Bitcoin ETF by SEC, USA.
What is ETF ?
An ETF is a type of fund/money that owns the any of the assests like (shares of stock, bonds, oil futures, gold bars,silver bars, foreign currency or anything which can be classified into assests) and divides ownership of those assets into respective shares.
SEC [Security and Exchange Commission] of America recieved application for ETF from the following entities :-
🔶Awaiting Approval (Expecting on September 21,2018)🔶
✓Direxion Asset Management.
✓NYSE [New York Stock Exchange] to be traded on CBOE or CME.
✓CBOE filed by VanEcks and SolidX.
✓Winklevoss brother’s application was rejected.