THELOGICALINDIAN - The US Securities and Exchange Commission SEC continues to annoyance their anxiety on acknowledging Bitcoin ETFs black crypto enthusiasts and investors
While the apple may accept seemed to accept gone Bitcoin crazy over the aftermost year, the US Securities and Exchange Commission still has not. Many crypto enthusiasts were acquisitive that the barrage of several Bitcoin trading futures would advance to the approval of ETFs, but such hopes accept been in vain. The SEC is still boring their anxiety on Bitcoin ETFs.
A administrator at the Securities and Exchange Commission, Dalia Blass, beatific a letter out aftermost ages account the agency’s apropos about crypto ETFs. Her words were appealing edgeless and to the point. Blass said:
Due to the acceleration in Bitcoin’s amount aftermost year, a lot of applications were beatific in to the SEC about establishing crypto ETFs. However, the authoritative bureau feels that there are absolutely a few hurdles to affected afore Bitcoin ETFs become reality. In a letter beatific out aftermost month, Blass listed 30(!) questions that bare to be addressed afore any approval would be given.
Blass notes:
Despite the abhorrence by the SEC, crypto enthusiasts are still optimistic about the closing barrage of Bitcoin ETFs. It is hoped that as the asset matures and the futures markets become added established, the SEC will change their assessment and accord crypto ETFs the okay.
However, the animation of Bitcoin is one of the capital apropos of the SEC. The amount of bitcoins has bisected back the highs of aftermost year, and bears are currently attractive to buy and hodl. This aforementioned volatility, however, is a huge allurement for high-risk traders.
As Sylvia Jablonski, a managing administrator at Direxion, notes:
As of now, there’s no calendar for a Bitcoin ETF to be accustomed by the SEC. We’re about a year removed from back the bureau attempt bottomward the appliance submitted by the Winklevoss twins.
Do you anticipate we’ll see a Bitcoin ETF in the US by the end of 2024? Let us apperceive in the comments below.
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