ETF based on BITCOIN

11.01.2017 / 04:08

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Regulators at the Securities and Exchange Commission are thinking about whether to approve an exchange traded fund based on Bitcoin and the expectations are high, but its also highly unlikely. The request is about 3 years old now and still there is no positive decision. If that happens most likely will be included in the Bats Exchange for trading.

The ETF will cause a strong raise of the fund. There are many traders and investors that are interested in the Fund of the crypto currency. There are about $13.8 Bln in circulation.

The reality is that chances are less than 25% as per the banks. Most people however think that this year maybe the when the positive decision will come. The deadline is 11 March, 2017 and the interest is growing.

Regardless of whether the ETF is approved on not, bitcoin is here to stay, to be used, to gain popularity and to be traded and invest in.

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ETF based on BITCOIN

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