The price of virtual currency has been climbing as the Securities and Exchange Commission is on the way to approve the first bitcoin exchange-traded fund.
Kelly says that the regulated and licensed Bakkt platform will provide an easy entry point for the arrival of institutional products like Bitcoin ETF.
The optimism surrounding the arrival of Bitcoin ETF continues to grow further as VanEck explains the merit of ETF product and how it can reduce market manipulation.
An announcement from the U.S. Securities and Exchange Commission (SEC) said the decision concerning bitcoin ETFs of investment firm Direxion is postponed until September 21.
More than 97% of people commenting on the SEC website have shown sincere interest in Bitcoin ETF. The SEC ruling is expected to arrive by September.
NYSE Arca has recently filed a proposal with the SEC to list two Bitcoin Exchange Traded Funds (ETFs) on its platform.
The price of virtual currency has been climbing as the Securities and Exchange Commission is on the way to approve the first bitcoin exchange-traded fund.