The US Treasury Department does not give up on the offerings for the exchange-traded Bitcoin funds and continues to reject them.
However, Ric Edelman, who is the founder of the consulting firm Edelman Financial Engines, is optimistic and believes that sooner or later we will see an approved Bitcoin ETF.
"It is almost certain. The only question is: when?" - says Edelman in an interview with CNBC. "The SEC have some concerns about legalizing and regulating such a product, and concerns come from the industry itself, which it will have to overcome and clear, and I'm confident that it will happen." - adds Edelman.
And before the Commission, they raised the question of the lack of security and regulation of digital assets, as well as their good implementation in trading platforms. There is a strong desire to create such an ETF, and companies such as Fidelity, Kingdom Trust, VanEck, and Bitwise are close to receiving the "green light". Ie. - SEC to trust them.
Last month, CBOE again submitted its offer for Bitcoin ETF, and in December last year, Bitwise and NYSE Arca also made a proposal to SEC for the digital product.
SEC has repeatedly refused the Winkelvoss brothers to launch the Bitcoin ETF on the BATS Exchange. Gemini, however, are determined to continue with the attempts and suggestions until the product is implemented.
Source: Finance Magnates
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