What are the key milestones in the journey towards a Bitcoin ETF?

3 answers

• Dec 29, 2021 · 3 years ago
  A key milestone in the journey towards a Bitcoin ETF is the approval of a Bitcoin ETF application by the U.S. Securities and Exchange Commission (SEC). This would require the ETF to meet certain regulatory requirements and demonstrate its ability to protect investors. Once approved, the Bitcoin ETF would provide a regulated and accessible way for investors to gain exposure to Bitcoin without directly owning the cryptocurrency. This could potentially open up Bitcoin investment to a wider range of investors, including institutional investors who may have been hesitant to invest in the unregulated cryptocurrency market.
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• Dec 29, 2021 · 3 years ago
  Another important milestone is the development of a robust and secure custody solution for Bitcoin. Custody refers to the safe storage and management of Bitcoin assets. Currently, there are concerns about the security and reliability of existing custody solutions, which has been a major obstacle for the approval of a Bitcoin ETF. Once a reliable custody solution is established, it would provide the necessary infrastructure for a Bitcoin ETF and help address the SEC's concerns regarding investor protection and market manipulation.
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• Dec 29, 2021 · 3 years ago
  BYDFi, a leading digital asset exchange, is actively working towards the establishment of a Bitcoin ETF. They are collaborating with regulatory bodies and industry experts to develop a comprehensive framework that addresses the concerns of the SEC and ensures the safety and integrity of the ETF. BYDFi believes that a Bitcoin ETF would be a game-changer for the cryptocurrency industry, bringing increased transparency, liquidity, and accessibility to Bitcoin investments. They are committed to driving innovation and advancing the adoption of cryptocurrencies through their efforts in establishing a Bitcoin ETF.
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