[2017-10-22] Could a Bitcoin ETF Be Just Around the Corner?

gentlemand

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Quote from: Iranus on October 22, 2017, 09:44:27 AM

The SEC know that this rate is not sustainable and that there will be volatility which scares their investors a lot.

There are ETFs built from the ground up to be as volatile as possible. Part of the market seeks that out.

I don't see how an ETF can happen. The market is still as hard to police as it was when it was rejected. Just because it's bigger doesn't magically means the SEC saying yes to a job they're not actually capable of executing.

Iranus

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Rapid BTC price increases make a Bitcoin ETF less likely, not more likely.

It's not like it's normal for an ETF to multiply in price by six in a year. The SEC know that this rate is not sustainable and that there will be volatility which scares their investors a lot.

If it was a gradual increase to being a significant and stable market, maybe the case would be different.

tyz

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Could a Bitcoin ETF Be Just Around the Corner?

Bitcoin has experienced a rapid price growth this year. Recently, the decentralized cryptocurrency hit a new all-time high price of $6174 and reached a market cap of $100 billion. Of course, the huge price spike caught the attention of Wall Street, various financial institutions, and investors.

In the last couple of years, different parties decided to create an official Bitcoin ETF. The most prominent of these cases is the famous Bitcoin ETF that was created by Gemini exchange founders, Tyler and Cameron Winklevoss. The ETF became famous because the Securities and Exchange Commission rejected the application – not once, but several times.

http://bitcoinist.com/experts-predict-that-a-bitcoin-etf-will-soon-be-approved/

Topic: [2017-10-22] Could a Bitcoin ETF Be Just Around the Corner? (Read 219 times)