Bitcoin ETF: According to SEC member only a matter of time
The admission of an exchange traded fund for Bitcoin (BTC ETF) is considered an important signal for the crypto community. Admission, it was hoped, would bring a run on the cryptocurrency, raising the Bitcoin rate. As a leaked document evidently reveals, admittance is only a matter of time.
Statements by Robert J. Jackson, Jr. suggest ETF approval
Because the online magazine Abacus Journal has a document in which SEC member Robert J. Jackson Jr. suggests that it will not be long before an application to the SEC passes. So Jackson is said in an interview with Congressional Quartely, which was originally to be published on February 11, have said:
Whether someone will eventually meet the conditions that we [für einen Bitcoin ETF] have set up? I hope so and yes, I think so too.
Furthermore, the SEC member appointed by US President Donald Trump believes that the rejection of the Winklevoss ETF in the past is understandable. So the document quotes him:
In the case of the Winklevoss application that we had last year, it was the [Entscheidung] not very hard. There we had a situation where the danger of manipulation and damage to investors was enormous. The liquidity problems of the market were serious.
As the document further suggests, previous rejections of an ETF are not as important to the usability of the cryptocurrency. Rather, it is the lack of security precautions of any stock exchanges, which favored the refusals in the past.
Document leaves question mark
Whether it will actually come to a license, you can not currently clarify satisfying. After all, it's just the opinion of a single SEC member. Furthermore, it has not been possible to determine whether the document is genuine or merely a forgery. Also the seriousness of the source could not be satisfactorily checked.
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