Aaj previously reported crescent crypto CEO Ali Hassan estimated that about the years and a half from now, SEC will approve abitcoin ETF this happen just a week after Vaneck's responses letter over crypto ETFs to the SECs was published on the agencies website.
Bitcoin ETF is rapildy getting closer to approval on the market and will ultimately be accepted by the securities and exchange commission.
In lau's views , the market is witnessing a "second wave rally" for bitcoin and crypto currency which was brought to u by institutional investment entry and adoption .this is seen even goodmarker forearly adopters and those who are intrested in the sector.
I think it's the matter of time before we see the SEC approve an ETF it's just a matter of which organization will be able to come out with the comprehensive tools that need to be equipped but it's also readiness of the market, we are not far away , may be a couple of months
The market accepting the ETF products
The CEO of catfish internet group also mentioned that organic demand from every day people around the world was amazing driver of bitcoin demand because it will remain unchanged in the run up to the ends of the year
When asked about the signs investers should take into consideration regarding changes in the price of bitcoin .lau claimed that it a adoption but not ETF or other obstract market instrument that will have significants impact on the assets price .
