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What is happening to Bitcoin ETF?


Nick Robinson

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Just to be more informative, as other people will read this, I will define an ETF prior to talking about Bitcoin-ETF. An Exchange-Traded Fund (ETF) is a fund that is traded on a stock market. It functions as an investment fund which allows everyone access to an index or commodity providing the same profit to investors as the major markets do. Thus, ETFs are one of the most popular among exchange users because of the ease of access to investing in industries without being charged by the fund manager. Before stepping into buying an ETF, it is necessary to check what is included in the fund.

By 2018, it was reported that The United States Securities and Exchange Commission (SEC for short) was considering the idea of creating a Bitcoin-ETF. A Bitcoin-ETF would be an investment tool which would use Bitcoin as its main asset. The main purpose of it would was to facilitate the investing process into cryptocurrency and make it more attractive for the broad community.

However, it seems like the Bitcoin ETF is a never-ending story. Many filed an application, but failed to get an ETF approved yet. It seems like most people and institutions actually want an ETF approved. However, not everyone is so enthusiastic. Andreas Antonopoulos states that it could be an extremely bad idea. Antonopoulos's main problem with a potential Bitcoin-ETF is not its investment side; rather, he thinks that the issue is with the way such a financial product, or the its proposal, could prove counterproductive to the growth of the Bitcoin ecosystem. That being said, he more recently stated that a Bitcoin ETF is almost inevitable, but still thinks it could be harmful to the Bitcoin itself.

Will the Bitcoin ETF happen? Most likely. When will it happen? Many have expected it to be way sooner, but it is not far away until we will have a Bitcoin ETF.

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