Bitcoin is going to the moon after the launch of ETF?
The US SEC continues public discussion of the creation of bitcoin-ETF. Judging by the regulator's releases, about 30 petitions from accredited and private investors, as well as professional financiers, are received daily to support the creation of over-the-counter investment bitcoin-funds.
Individuals use emotional arguments: "The US is a stronghold of free enterprise and a model for other states." Professional financiers point to the practical side of the question: "We have to use unreliable crypto-exchangers for investment in cryptocurrencies with low supervisory load. Give us access to classical investment tools for working with cryptocurrencies! "
The application for the creation of bitcoin-ETF was filed by the world's largest Chicago Stock Exchange (Cboe). This is the 5th for the last six months, the application for ETF and the second - from Cboe. Previously, the SEC rejected all applications because of the loose status of cryptocurrencies. However, at the end of June, the head of the SEC, Jay Clayton, actually consolidated the status of Bitcoin. Experts believe that after the creation of the first bitcoin-ETF, the rate of the cryptocurrencies will grow and can reach $ 60 thousand in the short term, as it happened in 2003 with the gold rate after the launch of the ETF.