SEC Commissar: Bitcoin ETF Will Finally Be Approved
U.S. Securities and Exchange Commission Commissar Robert J. Jackson told to Congressional Quarterly Inc., that Bitcoin ETF would finally be approved, so it turns out that this is just the matter of the time.
Congressional Quarterly share dthe draft of the interview in the social networks. It is reported that the company is planning to publish the full interview on February, 11th.
Although Jackson told that several applications for crypto currency ETF were filled in, he did not explain which one was likely to be approved by SEC. However, many industry experts believe that the application filled in by VanEck SolidX was most likely to be approved. одобрена с наибольшей вероятностью.
Jackson’s comments point out that it is logical that the SEC stands against Bitcoin ETF. The commission raised the issues related to liquidity, storage and market manipulation. Additionally, Jackson also explained why it would be hard to get an approval for Bitcoin ETH. Commenting on Winklevoss’ ETF application, he told that the case was not difficult. The situation included manipulation risks and liquidity problems.
No doubts that the crypto currency market is full of scam and manipulations. The SEC and other financial regulators noticed it and no wonder that the SEC is very careful about this issues because it is responsible for ensuring investors’ safety.
Many industry’s players believe that Bitcoin ETF launch will lead to Bitcoin price growth in 2019. Nevertheless, it is unknown whether ETF approval will lead to Bitcoin rate growth or not.