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RE: SEC reviews Bitcoin ETF application, Bitcoin spikes

in #bitcoin6 years ago

Certainly a better approach to hear from the SEC. I think they are coming to realize the immense interest in these products and that they could potentially risk letting this interest go offshore where they can influence regulation even less. Therefore, they may prefer to buckle down and establish guidelines on how to create a proper framework to ensure that investors are protected. And in all honesty, who would argue against that?

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Not I, certainly not I. There is so much demand the SEC will approve one at some point, though I think they would prefer to wait. They may be pushed to approved this VanEck one by Q1 of next year whether they really want to or not.