Criptos (newsletter): Se acerca el primer ETF de criptomoneda para inversores institucionales

Resumen:

• La alianza entre las compañías VanEck y SolidX, preparando el lanzamiento del primer ETF de criptomoneda a inversores institucionales
• El  Congreso de EEUU advierte la necesidad de regular la actividad de compañías relacionadas con criptomonedas
• Bitcoin.com decide abrir su propia plataforma de intercambio de criptos 

El primer cripto-ETF, cerca de su lanzamiento

La popularidad que han ganado las criptomonedas en los últimos tiempos ha impulsado a múltiples instituciones de EEUU a crear un ETF relacionado con estos activos, con objeto de satisfacer las necesidades de los inversores en este sentido. A pesar de ello, cualquier movimiento en esta dirección ha sido detenido en seco por la SEC (Comisión del Mercado de Valores de EEUU), lo cual ha creado inquietud con respecto a la manipulación de mercado. En contra de este dificultoso escenario, dos compañías tales como VanEck Securities y SolidX Management han encontrado la forma de esquivar los diversos obstáculos en el camino, recurriendo a la norma 144A de la Legislación en Mercados Financieros de 1993, por la cual se les permite ofrecer participaciones del VanEck SolidX Bitcoin Trust (con la salvedad de que únicamente pueden enfocarse a inversores institucionales). Si bien los inversores minoristas no podrán participar de lo anterior, ambas firmas subrayaron que continuarán trabajando para cambiarlo en su favor. Cabe indicar adicionalmente que las participaciones serán listadas en OTC Link ATS, un mercado de trading alternativo regulado por la SEC, a partir de este jueves.

There is a possibility that buyers may run into an obstacle in the form of the 50% retracement. The strong support could be found nearby 9300 USD. Source: xStation5

US Congress urged to regulate crypto firms

The Financial Integrity Network (FIN), a Washington-based advisory firm, has recently urged the US Congress to regulate crypto companies’ activity under the Bank Secrecy Act. According to David Murray, a firm’s CEO, virtual asset service providers should be regulated based on the particular service or services they provide with emphasis on promoting system-wide governance, as Cointelegraph reports. He added that some companies in the US are using blockchain for criminal purposes, hence increased scrutiny would crack down on this practice. On the other hand, some might be skeptical of this idea given the fact that cryptocurrencies would lose its prime feature - anonymity. 

The chart is presenting cryptocurrencies’ capitalization. Source: coinmarketcup.com

Bitcoin.com opens crypto exchange

Bitcoin. Com, one of the most popular websites taking up cryptocurrencies and blockchain technology, announced it would launch its own digital assets exchange. Its platform is to allow to trade digital coins like Litecoin, Ripple, Tron, ZCash, Stellar and EOS. In turn, markets offered by the company are to be denominated in base currencies like Bitcoin Cash, Bitcoin Core and Tether. The firm’s managing director, Danish Chaudhry, said that he “s hoping to compete against the bigger, more established exchanges, such as Coinbase and Binance by catering to its base.” In order to attract new users the company intends to offer a negative trading fee of -0.3% for the next three months. 

Ethereum and Ethereum Classic seem to be correlated (no causality has been checked though), hence the latest spike in the latter may foreshadow increased volatility in the former. Source: xStation5