Jamie McKane
MyBroadband Journalist
- Joined
- Mar 2, 2016
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Bitcoin bounces back after SEC ETF denial
Cryptocurrency traders don’t know who to believe in the long-running battle to create an exchange-traded fund that invests in Bitcoin.
Less than 24 hours after the U.S. Securities and Exchange Commission fueled a slump in the virtual currency by rejecting plans to list such a fund, Bitcoin rallied as Commissioner Hester Peirce expressed support for cryptocurrency ETFs in an interview with Bloomberg Radio.
[Bloomberg]
Cryptocurrency traders don’t know who to believe in the long-running battle to create an exchange-traded fund that invests in Bitcoin.
Less than 24 hours after the U.S. Securities and Exchange Commission fueled a slump in the virtual currency by rejecting plans to list such a fund, Bitcoin rallied as Commissioner Hester Peirce expressed support for cryptocurrency ETFs in an interview with Bloomberg Radio.
[Bloomberg]