A Bitcoin ETF is a possibility but a lot needs to be done before approval. The SEC must make sure Bitcoin price on the unregulated exchanges is not manipulated. Bitcoin hovers above $10,300 while Ethereum and Ripple struggle to hold onto the intraday gains. The discussion surrounding the much-anticipated Bitcoin exchange-traded fund (ETF) had taken a breather until the Chairman of the United States Securities and Exchange Commission (SEC) Jay Clayton interview with CNBC’s Bob Pisani. Clayton told Pisani that a Bitcoin ETF is possible, however, there is still “work left to be done.“ He also clarified that the questions asked by the regulator were not at all trivial. The SEC’s Chairman added: “Given that they trade on largely unregulated exchanges […] how can we be sure that those prices aren’t subject to significant manipulation? Now progress is being made, but people needed to answer those hard questions for us to be comfortable that this was the appropriate type of product.” While the market hopes for the day the first Bitcoin ETF will receive a go-ahead, Bitcoin is trading at $10,312. BTC/USD is stilled pressed down by increasing selling activity. Besides, there has been a correction from the intraday high of $10,387. This clearly shows that selling pressure is on the rise although the volatility is relatively low. More: Bitcoin technical analysis: BTC/USD making one step forward and two gigantic steps back Ethereum and Ripple update As for the two leading altcoins, the trend is slightly bullish. Ethereum holding ground above $180 even though it has corrected lower from the intraday high of $184.51. It is valued at $182 at the time of press after gaining 0.83% in value on the day. More: Ethereum price analysis: ETH/USD recovery gaining traction On the other hand, Ripple is also bullish at $0.2618. The cryptoasset extended the action from an opening price of $0.2588 to an intraday high of $0.2630. The battle as of now is to hold onto the 1% gains accrued today. Moreover, sustaining the current bullish trend could help boost XRP above $0.27 and hopefully gain enough momentum to assault $0.28 resistance. More: Ripple market update: XRP/USD struggling with trendline resistance under $0.27 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Australia: Loss in momentum continues – Westpac FX Street 4 years A Bitcoin ETF is a possibility but a lot needs to be done before approval. The SEC must make sure Bitcoin price on the unregulated exchanges is not manipulated. Bitcoin hovers above $10,300 while Ethereum and Ripple struggle to hold onto the intraday gains. The discussion surrounding the much-anticipated Bitcoin exchange-traded fund (ETF) had taken a breather until the Chairman of the United States Securities and Exchange Commission (SEC) Jay Clayton interview with CNBC's Bob Pisani. Clayton told Pisani that a Bitcoin ETF is possible, however, there is still "work left to be done." He also clarified that the questions… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
