Crypto Flipsider News – September 10th – Bitcoin ETF, Recurring Buys,

Read in the Digest;

• The SEC Sets November Deadline for VanEck ETF Decision
• MasterCard Buys CypherTrace, Robinhood (NASDAQ:) Adds Recurring Crypto Buy Feature
• Bitwise Introduces the World’s First “Ex Bitcoin” Crypto Index Fund
• Osprey Funds Launches Solana Trust Product
• The Crypto Situation in India and Australia

The SEC Sets November Deadline for VanEck Bitcoin ETF Decision

The Securities and Exchange Commission (SEC) has postponed considering VanEck’s Bitcoin Exchange-Traded Fund (ETF) application for a final time. On Wednesday, the regulators announced that it needs an additional 60 days to review the proposed rule change.

Cboe BZX Exchange filed the VanEck Bitcoin ETF on March 1 2021, but the SEC has continually postponed its decision on the fund.

Following its postponement, hopefuls will need to wait until November 14, 2021 before they can get the verdict of the SEC. This is because the SEC can only extend its consideration period for prospective ETFs three times.

Flipsider:

• In contrast to the earlier hopes of the crypto community that the SEC chairman, Gary Gensler, will bring crypto-favourable rules, the SEC has gone after major crypto projects and firms in the country

Why You Should Care

While ETFs have hit a roadblock in the United States, Canada has approved several Bitcoin and Ether-based ETFs, leading some to believe that the SEC could approve a Bitcoin ETF anytime soon.

MasterCard Buys CypherTrace, Robinhood Adds Recurring Crypto Buy Feature

As crypto adoption increases, payment platforms have embarked on the race to full crypto adoption. One of the world’s leading payment platforms, Mastercard (NYSE:), has acquired CipherTree, a cryptocurrency analytics firm to leverage its technology in its move into the crypto space.

The acquisition of CipherTree is part of Mastercard’s strategy to enter the crypto space. The payment agents have also partnered with Uphold, Gemini and BitPay to create crypto cards. According to Ajay Bhalla, the president of cyber and intelligence at Mastercard, “digital assets have the potential to reimagine commerce.”

On Wednesday, Robinhood, the crypto and investment platform, launched a recurring crypto investments feature on its platform. Now, customers can purchase crypto as little as $1 commission-free daily, weekly, biweekly, or monthly.

Flipsider:

• Regardless of its growing platform and crypto services, Robinhood’s stock HOOD has not been faring well
• Last month it traded for $56.83 per share on August 9. However, it is down by 29.52% and trading for $41.28 per share on September 9.

Why You Should Care

There has been a steady increase in the utilization of cryptocurrencies. This affirms the belief that blockchain and cryptocurrencies are the future of finance.

Bitwise Introduces the World’s First “Ex Bitcoin” Crypto Index Fund

As the pioneer…