Despite their best efforts, the U.S. Securities and Exchange Commission rejected their proposal in 2017, and again in 2018, primarily on grounds of the potential for fraudulent and manipulative practices in the Bitcoin market.
If the SEC flips the switch and greenlights BlackRock's Bitcoin ETF, we could see a substantial wave of institutional capital surging into the cryptocurrency sector. ETFs generally represent a safer harbor for mainstream investors and institutions, and a Bitcoin ETF is expected to follow this trend. The mounting anticipation of this possibility has already set Bitcoin's price on an upward trajectory.
Still, it's important to remember that the SEC's verdict is yet to be etched in stone. The commission has been known to delay cryptocurrency ETF decisions. However, having BlackRock, a true titan in the industry, in the fray could tip the scales towards a positive outcome.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin Mining 'the Highest User of Sustainable Energy' New Data Reveals – Bitcoin NewsThe data shows the banking sector as the next highest user of clean energy with 39.2% while the gold industry is ranked fourth with 12.8%. bitcoinmining renewableenergy
Source: BTCTN - 🏆 531. / 51 Read more »
HSBC Enables Bitcoin and Ethereum ETF Trading on Mobile Apps in Hong Kong – Featured Bitcoin NewsHSBC customers can now trade bitcoin and ether exchange-traded funds (ETFs) listed on the Hong Kong stock exchange via the bank's apps.
Source: BTCTN - 🏆 531. / 51 Read more »
Source: BTCTN - 🏆 531. / 51 Read more »
Source: BTCTN - 🏆 531. / 51 Read more »