2018-7-28 22:50 |
The world’s largest cryptocurrency jumped back above $8,200 Friday after falling sharply following news that U.S. regulators denied an application by Cameron and Tyler Winklevoss for the first-ever bitcoin ETF.
This had been the second attempt by Cameron and Tyler Winklevoss, founders of crypto exchange Gemini, to list a cryptocurrency ETF on a regulated exchange.
Bitcoin pundits say the approval of one could bring in a wave of new buyers, and because bitcoin has a fixed supply, push up prices.
The August deadline snowballed in online bitcoin communities with conflicting days being floated as targets for the SEC announcement.
In the case of the VanEck and SolidX bitcoin ETF, which was published for comment on July 2, that 45th day falls on Aug. 16.