Bitcoin ETF Could Be Approved Anytime – Expert Opinion

Mati Greenspan coingapeBitcoin ETF Could Be Approved Anytime – Expert Opinion

Note: This analysis is an adaptation from the work of Mati Greenspan, Senior Market Analyst at eToro

Key Highlights:

  • Bitcoin ETF could happen any day as VanEck renews his proposal
  • 3 out of 4 SEC commissioners seems to be crypto friendly
  • Crypto prices bounce back over the weekend

Bitcoin ETF approval may just happen any day

With the withdrawal and renewal of VanECKs proposal, it seems that some of the key players are now far more optimistic that a bitcoin ETF could be approved sometime soon. The decision to approve or disapprove falls on the SEC, so lets take a look at who is making the decisions…

Commissionor

Hester Peirce is by far the biggest bitcoin advocate on the panel. Many prefer to call her by the nickname Crypto Mom. The newest member, Elad Roisman, is also a known crypto advocate.

Last week Robert Jackson also made headlines speaking in favor of cryptos. So the toughest walnut to crack remains Chairman Jay Clayton, who continues to engage with the crypto community, but so far remains steadfast in his view that the market isnt ready for it just yet. VanECK remains optimistic though.

Digital Assets Director Gabor Gurbacs recently told CNBCs Ran Neuner that the application process may take up to 240 days but that it could be done in a single day should the SEC decide to approve it.

It would be even more interesting to wait until SECs final decision and Stay tuned with Coingape to get updates on Bitcoin ETF and SECs final decision.

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Tags: Bitcoin, Exchange-traded fund, Market Analyst, EToro