"Be that as it may, some may wonder why the premise of a cryptocurrency ETF has caused such a stir in the cryptocurrency community. Anyone keeping an eye on the cryptocurrency market in 2018 will have realized that the prospect of a cryptocurrency ETF, in combination with the bear market, were most likely the defining features of last year. Nonetheless, some cryptocurrency ETF believers are still holding out for such a financial vehicle. It is generally believed that a mainstream cryptocurrency ETF could open up the cryptocurrency market to institutional investors.
Moreover, institutional investors dispose of absolutely vast finances. If these were to begin pouring into the cryptocurrency markets, price levels would undoubtedly experience a massive boost. In extension, this could be likened to a massive capital injection. Up until this point, the cryptocurrency markets have mostly been driven by individual investors. Bringing institutional actors onto the cryptocurrency investment scene could, therefore, potentially have massive consequences. The SEC is likely to take a long time before approving the first Bitcoin ETF because cryptocurrency is still a market at its infancy. But, with firms such as those various leading exchanges proactively addressing fake volumes in the cryptocurrency market and cleaning up the industry, and several leading blockchain ETFs becoming available for investments utilizing the blockchain in a broad variety, it seems that, over the long run, the issues outlined by the SEC are expected to be resolved gradually."
https://blog.kucoin.com/what-would-happen-crypto-etf-proposals-approved-sk-st
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