A lot of Bitcoin users were concerned because of this document on the SEC website. Since we are awaiting the institution’s decision regarding the Bitcoin ETF, a lot of people keep a close eye on their website. When this document surfaced, people assumed the Bats exchange withdrew their ETF proposal. That is not the case, though, as it pertains to something else entirely.
Read more here: http://www.newsbtc.com/2017/05/19/bats-exchanges-proposal-withdrawal-document-nothing-bitcoin-etf-proposal/
Bitcoin ETF? Very interesting, but explain to me why the need for an ETF? Will it be related to companies that are involved in BTC exchange? Otherwise one can simply trade spot BTC yes?
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Probably because most people lack technical skills and refuse to remain ignorant.
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