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Bitcoin’s ETF may be the first file that gets approved by the SEC now. Lately, the number of positive comments have increased due to the second round of opinions disclosed by the SEC on the 27thof June in regards to Bitcoin’s ETF filed by CBOE. In regards to the approval, lots of crypto investors pored on SEC website; one of them said:
“Dear CBOE, you need to understand that the whole world wants Bitcoin and Cryptocurrency, in general, to be legalized in the United States and in all parts of the world. ETF is a security and needs to be considered a security by the SEC.”
The same guy further added:
“Bitcoin needs regulations and what better way to be officially viewed as a security by the SEC? American institutions need to see the future in Blockchain, Bitcoin, and Cryptocurrencies. The Whole American community asks you to officially allow Bitcoin ETF to be traded.”
ETF is a stock traded on different stock markets that have bonds, stocks, commodities, and so on. ETF is a preferred choice by most investors due to the fact that it has huge daily liquidity and the charges aren’t exorbitant.
Indeed, the influence of CBOE and crypto enthusiasts will see that the United States regulators bring up a great solution. SEC will announce its final decision on the 16thof August; undoubtedly, a favorable and good conclusion by SEC for the approval of ETF will push a bullish run in the market.