A well-known fact that cryptocurrency and bitcoin prices are declining since last month of 2017. At one hand the spot prices have been volatile, the bitcoin future products have seen a steady increase in trade volume and more liquidity. In fact, Cboe is keen to launch a bitcoin-based exchange-traded-fund (ETF), whose fate would be decided by the US Securities Exchange Commission on August 10. The US Securities and Exchange Commission is seeking a public opinion concerning the ETF application to help their decision on whether or not they will approve a bitcoin ETF this time around. (SEC).

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