The BOE meeting: a ray of hope for the GBP?
The Bank of England will release its monetary policy summary and announce the interest rate on September 19, at 14:00 MT time.
Crypto assets head south as government shutdown affects Bitcoin ETF
On Thursday, crypto assets mostly dived in the face of the absence of major news.
Market sentiment worsened due to the fact CBOE Global Markets postponed plans to have a Bitcoin exchange-traded fund listed, referring to the impact of the American government shutdown on request-processing at the American Securities and Exchange Commission.
Eventually, Bitcoin slipped by nearly 0.37% on the Investing.com Index ending up with $3,562.8.
XRP decreased by 0.35% trading at $0.31598. As for Ethereum, this crypto asset inched down by 1.20% reaching $116.42. Besides this, Litecoin broke the major trend, soaring by 0.45% trading at 31.994.
The CBOE’s BZX Equity Exchange cancelled a request to have the Bitcoin ETF listed, which was backed by investment company VanEck as well as financial services firm SolidX. As VanEck representatives explained, after discussions with the SEC, including the Bitcoin-related issues, market manipulation, custody, and prices, they had to stop their initiative.
The project had actually driven expectations that regulatory approval of the Bitcoin ETF would lure more traders to digital currencies.
The given withdrawal turns out to be another setback on the tough way to broad public acceptance for crypto assets. Regulatory bodies around the globe are hesitant to officially approve investment vehicles as they struggle to create frameworks capable of controlling the extremely volatile industry and curbing illegal activity.
Some financial experts are assured that those businesses that apply for initial public offerings are bound to demonstrate great sustainability in running their business models.
South China Morning Post states that while his remarks were meant to have all applications for listings encompassed, they happened to be a response to direct questions of the everlasting process with the crypto miners Canaan Creative, Ebang International Holdings, and Bitmain Technology that all solicited listings in 2018.
Similar
The market awaits the Fed decision
The Federal Open Market Committee will publish its statement and announce an official rate on September 18, at 21:00 MT time.
Market updates on September 12
ECB meeting is on the agenda. Will the EUR get weaker?
Latest news
Market updates on September 20
We've got some positive news for the British pound and we are awaiting the release of the core retail sales for Canada at 15:30 MT.
Oil spikes on the tweet by Iran's foreign minister
The tweet by Iran's foreign minister increased the possibility of tensions in the region. It pushed the oil prices up.
Market updates on September 19
The European trading session will be highlighted by the events for the British pound. Traders will pay special attention to the BOE meeting at 14:00 MT.
Deposit with your local payment systems
