What is the current status of the Bitcoin ETF proposed by the Winkelvoss twins?

3 answers

• Dec 28, 2021 · 3 years ago
  As of now, the Bitcoin ETF proposed by the Winkelvoss twins is still awaiting approval from the U.S. Securities and Exchange Commission (SEC). The proposal was initially rejected in 2017, but the Winkelvoss twins filed for a review of the decision. The SEC has not yet made a final ruling on the matter, and there is no specific timeline for when a decision will be made. It's important to note that the approval of a Bitcoin ETF would be a significant milestone for the cryptocurrency industry, as it would provide a regulated and accessible way for institutional investors to gain exposure to Bitcoin.
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• Dec 28, 2021 · 3 years ago
  Hey there! So, the Winkelvoss twins have been pushing for a Bitcoin ETF for quite some time now. Unfortunately, their proposal has faced some challenges along the way. The SEC initially rejected their application in 2017, citing concerns about market manipulation and investor protection. However, the Winkelvoss twins didn't give up and filed for a review of the decision. Since then, there hasn't been much news on the matter. It's a waiting game at this point, and we'll have to see if the SEC changes its stance on a Bitcoin ETF in the future.
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• Dec 28, 2021 · 3 years ago
  The current status of the Bitcoin ETF proposed by the Winkelvoss twins is still pending approval from the SEC. As an employee of BYDFi, I can tell you that we are closely monitoring the situation. If the Bitcoin ETF is approved, it could have a significant impact on the cryptocurrency market, as it would open up a new avenue for institutional investors to invest in Bitcoin. However, it's important to note that the approval process can be lengthy and there are no guarantees. We'll continue to keep an eye on any updates and provide our users with the latest information.
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