Bitcoin ETF will “almost certainly” get approval …

Bitcoin ETF will “almost certainly” get approval …

Bitcoin ETF “almost certainly” gets approval this year – media

According to ZeroHedge, citing channels in the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), two sources said the discussion about exchange-traded funds (ETFs) pegged to cryptocurrencies was “almost for sure “will receive a positive development.

The optimism of the sources is due to their knowledge of upcoming solutions in the field of cryptocurrency and ICO regulation. Both stated that the approval of Bitcoin and other cryptocurrency ETFs with a high degree of probability will be issued along with the first edition of the rules for regulating the digital asset market..

The most optimistic source associated with the CFTC stated: “I would say that we are talking about 90% probability. Cryptocurrency markets calmed down, and regulators saw that nothing bad had happened on several of the world’s major exchanges where Bitcoin futures were launched. All the talk comes down to price restraint and the distribution of a “reference product”. In January, we were justifiably concerned about the bubble and damage that a rushed product that could attract speculators could cause, and the serious lawsuits that might follow. Now these factors have largely lost their significance “.

A second source, formerly of the SEC and leaving the agency 2 weeks ago, added: “I expect a positive outcome in September. If the case drags on a little, it will mean that regulators need to settle some formalities. To be clear, most of the regulation will initially focus on ICOs and the threats they pose to individual investors. US residents are sending their money to all sorts of exotic jurisdictions to invest in unregulated financial instruments, without a chance to save a cent they risk. ICO regulation will start with this problem and will be aimed at retaining client funds within the country “.

Bitcoin ETF will 'almost certainly' get approval ...

Both sources stated that all major events related to cryptocurrency ETFs will unfold in the second half of this year and next year..

Regulatory agencies are well aware that after the removal of the latest restrictions, a whole wave of applications and products tied to cryptocurrencies of all possible types will rush into the market, ZeroHedge notes, adding that a positive decision on this issue is not yet guaranteed..

Bitcoin ETF will 'almost certainly' get approval ...

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