SEC’s Bitcoin ETF Approval will Boost Crypto Market
The entire crypto community is waiting for the approval of Bitcoin exchange-traded funds (ETFs). Since last year, more than 9 ETFs have been rejected by the United States (U.S) Securities and Exchange Commission (SEC).
Bitcoin to End 2019 Above $3,900, no Need for ETF
Several cryptocurrency investors are enthusiastically waiting for the final decision of the U.S. SEC on whether or not a Bitcoin ETF eventually becomes a reality. Since the Bitcoin price is not soaring dramatically, crypto traders are now waiting for the exchange-traded fund (ETF) to recover the entire market. Nonetheless, the senior analyst at Fundstrat Tom Lee, highly believes that Bitcoin - the leading cryptocurrency by market cap doesn’t want an ETF to end 2019 vividly higher.
SEC Chair Needs Basic Changes Before Crypto ETF Approval
Regardless of the unswerving rejections of Exchange-Traded Fund (ETF) applications set forth up to the present time, optimism is still high amongst some cryptocurrency users, that the imminent ETF decision may eventually be the one that is approved. That was until Jay Clayton, the U.S. Securities and Exchange Commission (SEC) chairman reassured those hopes again when he presented in a speech at Coindesk’s Consensus Invest Conference in New York.