SEC extends four Bitcoin ETF deadlines by 45 days
The Bitcoin ETFs include Global X Bitcoin Trust, Valkyrie XBTO Bitcoin Futures Fund, WisdomTree Bitcoin Trust and Kryptoin Bitcoin ETF.

The United States Securities and Exchange Commission has extended the deadline of four Bitcoin exchange-traded funds (ETF) on Friday for 45 days, citing the requirement for additional time to decide whether to accept the 19b-4 applications.

The approval of four Bitcoin (BTC) ETFs — Global X Bitcoin Trust, Valkyrie XBTO Bitcoin Futures Fund, WisdomTree Bitcoin Trust and Kryptoin Bitcoin ETF — was rescheduled to Nov. 21, Dec. 8, Dec. 11 and Dec. 24, respectively.

In its official statement, the SEC outlined:

“The Commission finds that it is appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and any comments.”

In mid-September, U.S.-based investment firm Invesco joined forces with New York’s Galaxy Digital Funds to file a Bitcoin ETF called Invesco Galaxy. Currently awaiting approval, the ETF security offering has the potential to be listed on national U.S. exchanges, with potential clients assured that all private keys would be rigorously guarded by a multitude of technological and physical deterrents.

Bitcoin got stronger despite government crackdowns, says Edward Snowden
Bitcoin is up more than ten times since Edward Snowden said he felt like buying BTC amid the Black Thursday crash of March 2020.

Edward Snowden has touted the antifragility of Bitcoin (BTC) despite increasing regulatory scrutiny on cryptocurrencies around the world.

Tweeting on Sunday, the former Central Intelligence Agency (CIA) agent stated that Bitcoin has gotten stronger on the back of government bans and anti-crypto policies. Snowden’s tweet referenced remarks made back on March 13, 2020, amid the throes of the Black Thursday decline that saw crypto and equity markets tank amid fears of the coronavirus pandemic.

As reported by Cointelegraph at the time, Snowden was unfazed by Bitcoin’s 50% drop stating that it was the first time he “felt like buying Bitcoin.”

“It's up ~10x since, despite a coordinated global campaign by governments to undermine public understanding of—and support for—cryptocurrency,” Snowden tweeted on Sunday.

During the Black Thursday crash of March 2020, Bitcoin slipped to $3,800 but has since gone on to set a new all-time high of about $64,800. Trading above $47,000 as of press time, the BTC spot price has increased more than 10 times since Snowden’s tweet back in March 2020.

Indeed, 2021 has been a year of sweeping Bitcoin and crypto crackdowns, especially in China with authorities in Beijing upping the ante on negative cryptocurrency policies. Several Bitcoin miners have exited China, moving their hardware to locations overseas. The shutdown of crypto mining activity in China even temporarily caused a massive decline in the Bitcoin hash rate.

French regulator warns against unauthorized crypto platforms
French stock market regulator AMF has blacklisted another four websites identified as offering crypto investments through unauthorized entities.

French stock market regulator, the Autorité des Marchés Financiers (AMF), continues monitoring the cryptocurrency market to warn investors about unauthorized crypto services.

On Friday, AMF updated its web portals, identifying those that offer crypto and foreign exchange (forex) investments through unauthorized entities. The list included four websites related to cryptocurrency derivatives investments alongside 12 forex-related sites.

According to the regulator, the listed entities have been offering investment products without being authorized to provide such services. To protect investors from potentially fraudulent investments, AMF and French Prudential Supervision and Resolution Authority (ACPR) regularly update the blacklist of unauthorized investment providers. Still, those lists are “not intended to be complete” as “new unauthorized entities appear regularly.”

The authority strongly recommended that investors follow the list of authorized investment providers using the online register of financial service providers as well as the list of authorized providers in the financial investment advisor or crowdfunding categories.

The AMF’s latest warning comes shortly after Paris-based derivatives fund manager Melanion Capital launched a Bitcoin (BTC) exchange-traded fund (ETF) in August. Melanion CEO Jad Comair reportedly said that getting the fund approved by AMF was “a real challenge because of the sensibilities and politics currently surrounding Bitcoin and Bitcoin investing.”

This Daily Dose was brought to you by Cointelegraph.

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