One can never deny the fact that investing in Bitcoins has always been debatable whereas majority of the population are still in a deep dilemma of what to believe in. Well, these enormous confusions will perhaps get minimized or eventually vanish because of the recent aprroval made by the Security and Exchange Commission, i.e. , SEC.
So after a long period of time, we have finally arrived to the much awaited moment in the history of cryptocurrencies. The United States Securities and Exchange Commission(SEC) has finally decided to think on approval of Bitcoin ETF. Moreover in an interview on 7th February 2019 with the SEC Commissioner, Robert J Jackson Jr. briefly discussed about the possibility of ETF’s approval with Congressional Quarterly Inc and mentioned that the ‘proposed Bitcoin ETF’ will eventually get approved this time.
HOW THIS MIGHT BE A GAME CHANGER?
In layman’s term, An ETF all exchange traded fund maybe seen as a marketable security that trades live stock as well as tracks a stock index,basket of assets, or a commodity. Truth be told, ETF stocks are one of the most eminent ones among the exchange users because of its simplicity to invest in industries without being charged by the fund manager.
Now with ETF in the crypto market, there is an enormous win-win situation for each and every sides of the market including both occasional traders as well as trading platform. This is why it’s so:-
- So with ETF in the crypto world, there is complete allowance for not only the traditional institutions but also the large investors to enter the crypto market, moreover without any significant risks.
- Now this will turn out as a huge progress because if the governmental structures itself uses the crypto, the unwanted Ponzi schemes as well as baseless confusions will either get minimized or completely vanish.
- Moreover one of the most important aspect of this fact is that the approval of BITCOIN ETF undoubtedly transmits a positive signal which clearly indicates the fact that SEC perceives Bitcoin as a legitimate asset. This could cause enormous institutional money to flood into this space.