I think an etf in inevitable by now (in the US since Europe has a few already).
I also think it's inevitable, but prooobably not this year.
^ Take note that this is just an opinion by a former SEC chair though, definitely not something guaranteed.
Topic: Bitcoin ETF in the US - happening? (Read 51 times)
I also think it's inevitable, but prooobably not this year.
^ Take note that this is just an opinion by a former SEC chair though, definitely not something guaranteed.
Everyone and their Mom seems to be filing for a bitcoin ETF in the US. Is it really going to happen soon?
It may seem so, but as far as I can see there are currently only 8 applications pending consideration by the SEC - with CBOE-VanEck's first application being rejected (extended) at first and as always a decision is likely to be made after 240 days. - which means that the final decision will be made at the end of this year.
Judging by the comments of various experts, many agree that it is much more realistic to approve the first such ETF in the US perhaps only in 2022 or later - because much of why the SEC refuses to make a positive decision has not yet been resolved - with an emphasis on market manipulation presents a major problem.
(had posted this in Marketplace, but maybe Beginners is more appropriate)
It seems to me that it would be more appropriate to have this in Economic/Speculation.
For those who want to know more - a lot of useful information can be read at the following link :
https://www.etftrends.com/crypto-channel/the-race-to-the-first-bitcoin-etf/
Everyone and their Mom seems to be filing for a bitcoin ETF in the US. Is it really going to happen soon?
Some of the filings are by big traditional finance names that I assume have good connections at the SEC (e.g. Fidelity, WisdomTree).
Most seem to think Gensler will be better than Clayton, but I also hear Gensler could be a tough regulator.
(had posted this in Marketplace, but maybe Beginners is more appropriate)
It has really been more than 4 years that I have been listening of Bitcoin ETFs coming on US exchanges but there hasn't been a lot of success with this. I do believe that even though it's inevitable it's not going to happen soon. Seeing the volatility if these ETFs come mainstream many investors would lose a lot of money in the crushing volatility that the market currently has. But I see one major advantage of ETF which I don't think a lot of people think off. It's that the power of the institutional investors would compete with the power of the bitcoin whales, either this will make the market even more volatile as they compete against each other or might make the market much less volatile as regulations would kick in too. Some of the filings are by big traditional finance names that I assume have good connections at the SEC (e.g. Fidelity, WisdomTree).
Most seem to think Gensler will be better than Clayton, but I also hear Gensler could be a tough regulator.
(had posted this in Marketplace, but maybe Beginners is more appropriate)
As volatility was one of the reasons for the SEC to reject BTC ETFs in the past, I hope that recent market events will not have a negative impact on the SEC's decision this year.
I hope the commission will eventually reach a positive conclusion that will allow for the ETF launch to go forward. The BTC will surely soar to new heights when that happens.
I hope the commission will eventually reach a positive conclusion that will allow for the ETF launch to go forward. The BTC will surely soar to new heights when that happens.
IMO a BTC ETF is eventually coming to US markets. However, IMO, it is already easy enough for most people to buy bitcoin that an ETF is not going to have the same impact as it would have 2-3 years ago. You can buy "bitcoin" on PayPal and on robinhood, both of which act very similarly as a ETF would from the perspective from an investor.
I think an etf in inevitable by now (in the US since Europe has a few already).
When it comes is anyone's guess, there were a lot of filings in 2017 too that didn't seem to get approved or just got postponed until they were pulled - the same thing could probably happen again. If it doesn't, we'll see quite a strong bullish sentiment imo especially if they're not limited to the normal security standards (eg requiring more than $5M of net worths of individuals before being eligible).
When it comes is anyone's guess, there were a lot of filings in 2017 too that didn't seem to get approved or just got postponed until they were pulled - the same thing could probably happen again. If it doesn't, we'll see quite a strong bullish sentiment imo especially if they're not limited to the normal security standards (eg requiring more than $5M of net worths of individuals before being eligible).
Everyone and their Mom seems to be filing for a bitcoin ETF in the US. Is it really going to happen soon?
Some of the filings are by big traditional finance names that I assume have good connections at the SEC (e.g. Fidelity, WisdomTree).
Most seem to think Gensler will be better than Clayton, but I also hear Gensler could be a tough regulator.
(had posted this in Marketplace, but maybe Beginners is more appropriate)
Some of the filings are by big traditional finance names that I assume have good connections at the SEC (e.g. Fidelity, WisdomTree).
Most seem to think Gensler will be better than Clayton, but I also hear Gensler could be a tough regulator.
(had posted this in Marketplace, but maybe Beginners is more appropriate)
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