Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
OR
Please fill out the required fields Please fill out the required fields Please fill out the required fields
Get Into Cryptocurrency Trading Today
The CEO of crypto index fund provider Bitwise Asset Management says that even though the SEC is still not jumping at the chance to allow for a Bitcoin ETF, he is positive about it eventually coming through. Bitwise was one of the companies that recently had their application delayed until October.
Bitcoin ETFs have been in the works in the US since 2017 when the Winklevoss brought the first application forward. The SEC has denied many applications since then, including twice with the Winklevoss twins. However, their reasoning has always been clear, and also remained pretty consistent over the two and a half years.
The SEC has concerns over the manipulation and volatility of the cryptocurrency market, which all ties to its maturity. That being said, many feel that the market has matured at a rapid rate and should be up to standard now for the SEC. In fact, Bitwise CEO Hunter Horsley thinks that there are big enough advancements to make the SEC change its tune.
The SEC has, in the past, taken its time in deciding if it will allow a Bitcoin ETF through, or not. The result has always been negative thus far, but the fact that they usually delay the decision leads many to feel that a positive decision is close at hand.
Recently, three more applications were delayed by the SEC, including Bitwises, but this has only spurred Horsley to react positively. He said, in an interview alongside his global head of research Matt Hougan, that the company is remaining positive on their application.
Another reason that the CEO is remaining positive has to do with the effect that a Bitcoin ETF would have on the Bitcoin market. Many have called it the holy grail for Bitcoin investing as it would allow for a whole new sector of traditional investors to enter the market.
“A key aspect to a Bitcoin ETF in the U.S. is that it unlocks the financial advisor marketplace. So far crypto has focused mostly on retail investors [...] or institutional investors [...] Half the money in the U.S. is managed by financial advisors, and right now it’s very difficult for them to access that market,” said Hougan.
Because the SEC has never hidden their reasons for denying and delaying applications, and have had the same issues throughout this process now going on for almost three years, it is easy to predict if things have changed.
For Horsley, his positivity is based on a few key examples which prove that the market has indeed matured.
Susquehanna International Group, one of the bigger players when it comes to trading traditional investments like stocks, options, and ETFs, has had a Bitcoin trading desk in operation for a while now. This is a big advancement as it shows a cross over of traditional and crypto.
Additionally, the general market health is also improved, with better arbitrage and new spreads and there is even high-end insurance entering the cryptocurrency space as Lloyds of London now provides cover against theft of cryptocurrencies.
Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
ALL
TRENDING
WATCHLIST
Total Market Cap The Total Market Capitalization (Market Cap) is an indicator that measures the size of all the cryptocurrencies.It’s the total market value of all the cryptocurrencies' circulating supply: so it’s the total value of all the coins that have been mined.
{[{ marketcap }]} {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H) {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H)
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting all the data from several exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current price and the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting allthe data fromseveral exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current priceand the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Binance´s Launchpad Gears Up Tor Arkham Token Sale, Starts Recording BNB Balances
2 months ago | Benzinga
Arkham´s New Crypto Intel Trading Platform: A Game Changer For Traders?
2 months ago | NewsBTC
Bitcoin Could Rise to $120K by End-2024: Standard Chartered
2 months ago | Coindesk
Bitcoin Edges Lower; Bone ShibaSwap Becomes Top Loser
2 months ago | Benzinga
JustBit Casino Review
JustBit Casino, which specializes in virtual currencies, is easy to use because withdrawals are expl...
Huobi Token General Overview
Is Ripple The Cryptocurrency of 2021? - In Depth Review of Ripple XRP
Ethereum Classic Review
Monero General Overview
YouHolder
YouHodler is not just another player in the crypto space; it's a dynamic and innovative company ...
XBO
XBO.com cryptocurrency exchange redefines how you interact with crypto. Designed to make the benefit...
Bithumb
Understanding Bithumb This article highlights what is Bithumb and where it is located. It also di...
Bitstamp
Bitstamp's continued success in the crypto market This article highlights what Bitstamp is. I...
Bitfinex
Bitfinex general overview delves deep into its operations since its inception in 2012 up to date. It...
(adsbygoogle = window.adsbygoogle || []).push({}); Introduction In t...
(adsbygoogle = window.adsbygoogle || []).push({}); Einführung Wenn es um Er...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Despite SEC’s Delay Tactics, Bitwise Positive on Bitcoin ETF
The CEO of crypto index fund provider Bitwise Asset Management says that even though the SEC is...
Litecoin, Ripple and Bitcoin Cash: Price Analysis
The major cryptocurrencies are consolidating as prices attempt to form a bottom. Momentum ...
Who is coming to help Bitcoin?
In recent years, bitcoin has seen a dramatic surge in value to reach new all-time highs,...
Report Suggests Women in Crypto is on the Rise
Traditionally, the cryptocurrency and blockchain industry has been viewed as a male dominated...
(adsbygoogle = window.adsbygoogle || []).push({}); Introduction In t...
(adsbygoogle = window.adsbygoogle || []).push({}); Einführung Wenn es um Er...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
COMMENTS (0)