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This year, the Bitcoin ETF did not succeed – not a single company has received approval from the SEC. The main reason for the SEC’s refusal of approval was the manipulativeness and volatility of the cryptocurrency market.
It turned out that it is possible to eliminate the department’s doubts in this regard. At the same time, combining bitcoin and securities – which will be interchanged during the operation of the ETF.
Application pending – SEC thinks.
Why is it important
In essence, the Bitcoin ETF is the very tool that will “pull” bitcoin into traditional financial markets, providing institutional players with a reliable way to invest in crypto with state guarantees.
The approval of Bitcoin ETF is one of the main catalysts for the growth of the cryptocurrency market. If a positive decision is made, the US government will de facto recognize bitcoin as a full-fledged financial instrument.