First Important question is that ,
What is ETF ?
An ETF is a marketable security that traces an index , commodity and unlike mutual funds. ETF trades like common stock exchange. ETF typically have higher daily liqidity and lower fees than mutual fund.
“ Last Year Bitcoin ETF was rejected in march but this time following 3 reasons why SEC will approve ETF in next month.
3 Reason Why this time is different
BTC Holders didn’t have high hopes for approval BTC ETF rejected in march 2017 due to that Bitcoin drop in price up to an ATH 1350$ to under 1000$. Now Bitcoin price is above 6000$ and market is near about 250$ millions.
- Custodial Services
Everyone knows crypto wallet can hack due to that big investor scared to invest and hold big fund in wallets. But now coinbase and swiss stock exchange taking responsibility of investor funds.
- Regulatory Clarity
One major reason for last year reject it was that Bitcoin market were “ unregulated “.Mainly in JAPAN and SOUTH KOREA , now Bitcoin is regulated in both countries . Because of these reason ETF Bitcoin will approve this time.
Thank You
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