BITCOIN ETF HAS ‘NEW HOPE’ OF SUCCESS: BLOOMBERG ANALYST
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Bloomberg {has|has actually} {confirmed|verified|validated} there is "{new|brand-new} hope" of a Bitcoin ETF {gaining|acquiring|getting|obtaining} {US|United States} {regulatory|regulative|governing} {approval|authorization}.
![Bitcoin ETF Has ‘New Hope’ of Success: Bloomberg Analyst
teamsteverhyner.com /bitcoin-etf-has-new-hope-of-success-bloomberg-analyst/
Bloomberg has confirmed there is “new hope” of a Bitcoin ETF gaining US regulatory approval.
Speaking in a segment of the publication’s Bloomberg Technology, analyst Eric Balchunas said that a combination
of people reshuffling and a “softened” SEC increased the potential for a legal fund appearing in the future.
“Now you have the CBOE (Chicago Board Options Exchange) announcing they’re going to list Bitcoin futures [...]
and the CTFC has approved it so it’ll be regulated. This will help bring more liquidity into the market,” he said.
“That’s a big deal; I think it’ll help with the SEC.”
The SEC had previously rejected an ETF application from the Winklevoss twins in March, a move which produced
significant volatility in Bitcoin but also brought it considerable publicity.
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BITCOIN ETF HAS ‘NEW HOPE’ OF SUCCESS: BLOOMBERG ANALYST
- 1. Bitcoin ETF Has ‘New Hope’ of Success: Bloomberg Analyst teamsteverhyner.com /bitcoin-etf-has-new-hope-of-success-bloomberg-analyst/ Bloomberg has confirmed there is “new hope” of a Bitcoin ETF gaining US regulatory approval. Speaking in a segment of the publication’s Bloomberg Technology, analyst Eric Balchunas said that a combination of people reshuffling and a “softened” SEC increased the potential for a legal fund appearing in the future. “Now you have the CBOE (Chicago Board Options Exchange) announcing they’re going to list Bitcoin futures [...] and the CTFC has approved it so it’ll be regulated. This will help bring more liquidity into the market,” he said. “That’s a big deal; I think it’ll help with the SEC.” The SEC had previously rejected an ETF application from the Winklevoss twins in March, a move which produced significant volatility in Bitcoin but also brought it considerable publicity. 1/3
- 2. Now, a lawyer from the firm representing the Winklevoss twins is set to gain an advisory role on the regulator’s investment management division. “It can’t hurt,” Balchunas continued, “and I think the SEC has shown a few things that look like they’re a little more liberal than they were last year.” Mainstream investor interest from sources such as Wall Street has become a talking point in Bitcoin circles this year, with major events seeing an increasing presence from legacy finance figures keen to get a handle on cryptocurrencies’ profit potential. “When you approve an ETF for something, you’re essentially making it ready for primetime.” Re-posted from www.cointelegraph.com by William Suberg August 25, 2017 Another try for an ETF. If successful it will only help the price of Bitcoin and broaden the base of Bitcoin investors. Always a good sign. If you’d like to become involved in the Bitcoin industry by becoming a miner click here for more information and watch the videos. Email: steve@prplus.us Share this post and help spread the love! 2/3
- 3. Steven L. Rhyner Thank you for reading my posts! If you would like to connect, reach out to me on Facebook. 3/3