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CBOE refiles Bitcoin ETF application

Summary:

  • Fidelity’s crypto trading and custody platform is in a “final testing” phase
  • CBOE refiles Bitcoin ETF application
  • Ripple slides to below $0.31

Friday’s trading on the cryptocurrency market has begun quite flat as most of major cryptos have experienced only slight gains or losses. According to CoinMarketCap, the capitalization of the whole market stands a little below the $115 billion mark whereas the largest virtual currency Bitcoin accounts for roughly 53.3% of this value.

Bitcoin (BITCOIN on xStation5) has experienced a slight increase during today’s trading. As a result, the cryptocurrency is trading a little below the $3450 handle at press time. Source: xStation5

Fidelity’s crypto platform in “final testing” phase

Fidelity Digital Assets, which is a subsidiary of Fidelity Investments, the huge US-based financial services company, wrote some remarks related to its crypto platform in a blog on Thursday. The company said that it had worked on some needed “technical and operational capabilities” for its cryptocurrency trading and custody platform since its first announcement in October. Moreover, the company wrote that now it was serving a set of selected clients. ”Our initial clients are an important part of our final testing and process refinement periods, which will eventually enable us to provide these services to a broader set of eligible institutions”, as we could read in the company’s post.

Ethereum (ETHEREUM on xStation5), like its bigger peer Bitcoin, has subtly risen since the midnight. Nevertheless, the cryptocurrency price has been moving quite flat in recent days. Source: xStation5

CBOE refiles Bitcoin ETF proposal

The CBOE has refiled VanEck SolidX Bitcoin ETF application, as Gabor Gurbacs, a head of digital strategy in VanEck, reports. The joint proposal was submitted in the previous year, and the US Securities and Exchange Commision (US SEC) postponed its decision about it several times. The final deadline was set on January 27, 2019. As a result of the government shutdown in the United States, the application was withdrawn by the CBOE. However, Jan van Eck, CEO of VanEck, told to CNBC that it planned to refile its proposal in the future.  As we could note, a discussion about this application could start once again. However, the SEC has not yet published the proposal in the Federal Register. The US SEC will have 240 days to make a decision.

Ripple (RIPPLE on xStation5) has experienced losses for a second day in a row, and it is moving a little below the $0.31 mark at press time. The mentioned level seemed to be the obstacle for the cryptocurrency in the past. Source: xStation5

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