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Bitcoin ETF failed this year

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.

Read more:

Cryptocurrency News 423 cool-mining.comCryptocurrency news on 01/17/2020 Crypto news: a selection of recent events 01/29/2020 Results of 2019 for The TelegramResults of 2019 for The Telegram Bakkt platform recorded a 44% increase in the volume of bitcoin transactionsBakkt platform recorded a 44% increase in the volume of bitcoin transactions Digital Badgers and Microsoft have helped Enjin Coin add 60% to the costMicrosoft helped Enjin Coin add 60% to the cost Bithumb exchange showed $ 30 million profit in 2019 after a $ 170 million loss a year earlierBithumb exchange showed $ 30 million profit in 2019 after a $ 170 million loss a year earlier Bitcoin Cash and Bitcoin SV Halving Analysis Does Not Predict Bitcoin BehaviorBitcoin Cash and Bitcoin SV Halving Analysis Does Not Predict Bitcoin Behavior donald tramp bitcoin crytocurrencyUS President Donald Trump said that Bitcoin and other Сryptocurrencies are not money. Bakkt sets historic high in bitcoin futures trading volumeBakkt sets historic high in bitcoin futures trading volume The largest US bitcoin exchanges complained about excessive tax controlThe largest US bitcoin exchanges complained about excessive tax control

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