Will a Bitcoin ETF Become a Reality?
We should get some news on it soon
Crypto advocates have long been pushing for a spot Bitcoin ETF.
This would mean an exchange traded fund begged to the daily price of the world’s most well-known digital asset.
Many see it as a huge milestone for Bitcoin, crypto, and other highly speculative assets. If the SEC allows a spot ETF, that might create legitimacy in the minds of hesitant investors.
To that end, a rule from SEC on ARK Investment’s spot ETF application is expected this week— by August 13th.
But don’t get too excited yet— the SEC could still extent its own deadline by up to 240 days.
Still, the effort is gaining momentum, even as the price of Bitcoin sleeps.
Plus…
The Crypto Connection is for entertainment purposes only and is not meant to be financial advice. Please do your own research before investing in any asset class. Sara Celi is not a financial advisor, and holds several cryptocurrencies. To purchase her books on Amazon, please click here.