ETF# BITCOIN ETF??

CUREENTLY MOST TRENDING SUBJECT BITCOIN ETF. SO HERE IS SOME DETAIL OF ETF!!!!

What is an ETF?

An ETF is an Exchange  Traded Fund which owns assets like gold, stocks, or oil, and divides  ownership of those assets into shares which are traded just like stocks.  Most investors in ETFs are large Wall Street institutions with huge  buying power such as banks and investment firms which trade ETF holdings  on the conventional stock exchange.

What is a Bitcoin ETF?

The  asset underlying a Bitcoin ETF is Bitcoin, and its shares can be traded  by those same large Wall Street institutions, on the stock exchange  just like traditional ETFs. However, the establishment of Bitcoin ETFs  requires SEC approval.

The Effect of Bitcoin ETFs

The  adoption of Bitcoin ETFs by large Wall Street institutions would be a  clear indicator that big money would be invested in crypto markets. The  impact is expected to be astronomical. While SEC approval is needed to  approve Bitcoin ETFs, such approval would indirectly green-light  mainstream investing in all cryptocurrencies, potentially driving huge  market gains.

Upcoming SEC Decision

The  tentative date for the SEC’s decision regarding the approval of Bitcoin  ETFs is expected August 10, 2018. However, a 45 day extension, allowed  by SEC rules, could push that date to September 24, 2018. While the SEC  previously denied the approval of Bitcoin ETFs, citing a lack of  regulation as reason for denial, the entry of large Banks and investment  firms into the Bitcoin Futures Market in 2018 is widely believed to  have positively impacted the SEC’s upcoming decision regarding Bitcoin  ETFs.

Possibility of Approval? HIGH!

I  believe that the possibility of SEC approval for Bitcoin ETFs is high.  Should this happen, investors in cryptocurrency could see unrivaled  market gains. The time to invest is now. Don’t be left out.

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