ETF!!!
ETF stands for exchange-traded fund
scribes a kind of investment fund where the price of assets like gold, stocks and oil can be tracked. These assets can then be traded on exchanges, just like conventional stocks.
Will BTC boom after ETF?
the application of ETFs by Wallstreet firms is a clear indicator that the big money is coming into the crypto markets through the additional products of ETFs. The impact of these products is expected to be astronomical in the sense that if the SEC approves the ETFs, they would have indirectly given the green-light for mainstream investing in all other cryptocurrencies. Hence the trillions in funds will eventually end up in the crypto markets.
WILL IT BE ON 10 OF AUGUST ?
The tentative date for the SEC’s decision is Friday, August 10 — though, a 45-day extension is possible. This means that a decision should be expected no later than September 24.
High Possibility ?
Yes!
One major reason for last year’s rejection was that Bitcoin markets were “unregulated.” “Based on the record before it, the Commission believes that the significant markets for bitcoin are unregulated,” it explained. But later that year, Bitcoin Futures began trading as big investment banks such as Goldman Sachs and JP Morgan started dipping their toes in cryptocurrencies.