Tech Venture Investor: SEC Approval for a Bitcoin ETF is Not Far Away

Kin-Wai Lau: Second Wave Rally is “Very Strong”

Kin-Wai Lau appeared yesterday on CNBC’s “The Coin Rush” segment. There, he mentioned that he believed people will see the current price action in Bitcoin and other cryptocurrencies as a “second wave rally”. He went on to state that he felt it was a “very strong wave.”

The interviewer then brought up the recent decision by the U.S. Securities and Exchange Commission (SEC) to reject the Bitcoin ETF proposed by the Winklevoss twins again. When asked about what was needed for the financial regulators to finally approve such a product, Lau stated:

“I think it’s pretty much a matter of time where you see SEC approving an ETF.”