Is this good or bad news? the Van Eck ETF has been cancelled. I think that this is do to the current government situation. In order to decrease the waste of money and time, this was a good move. Once the government can finalize budgets they can get back to a concentrated look and evaluation completing the evaluation of ETFs. Crypto enthusiasts and investors in its future will have to be patient with government approvals. However the community has strength in numbers and can create the strength of Crypto alt coins and in particular bitcoin as the foundation of it all. With the GDP increasingly rising and the impending market crash that is of hightened discussion today to occur either this year or next year (with most thinking it is to take place this year) crypto is poised to be the savior but there are still some stepping stones to get over.
Let me know what you think.
Is Bitcoin ready for global adoption? what adjustments need to be made? and what other coins are more ready to step in?
Your thoughts and thanks for reading.