Bitcoin ETF Is Coming: Hopeful US SEC Chief Says Approval Only A Matter Of Time
This according to a U.S. Securities and Exchange Commissioner who thinks a Bitcoin ETF will eventually become a reality.
Commissioner Robert J Jackson Jr. expressed optimism about a Bitcoin ETF being on the horizon during an interview with Congressional Quarterly.
SEC Commissioner Jackson in an interview to be published next weeks is optimistic that a “Fund based on #bitcoin” will eventually be approved, expresses concern about the proposed ETFs submitted to date.
Jackson told the Congressional Quarterly about how hard it is to get the SEC’s blessings of the SEC when it comes to investment vehicles like exchange-traded funds.
Jackson also addressed the various Bitcoin-related ETF applications the SEC has receives.
The Cboe at the end of January resubmitted its application for its VanEck SolidX Bitcoin Trust, which would allow wealthy traders and institutions to invest in bitcoin through a convenient – and familiar – investment vehicle.
In January, the SEC put out a list of its priorities for 2019, and on the list are cryptos.
Tedra DeSue’s original article for ccn.com reduced by 68%
Related news: US SEC Seeking Big Data Tool For Major Blockchains
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