Bitcoin Said To Get ETF Approval In 2022!

    Bitcoin Said To Get ETF Approval In 2022! Greg King, founding CEO of Osprey Funds, expects a positive change in protective laws at the Securities and Exchange Commission, but said it's close to two years before a flagship cryptocurrency-based fund is listed on the exchange.

Bitcoin ETF Hopefuls Need Some Time!

“This does not mean that a bitcoin-based fund will get approval right away,” King told CNBC ETF Edge.

Important Remarks from Michael Sonnenshein, CEO of Grayscale Investments

Michael Sonnenshein, CEO of Grayscale Investments, said: “Potential concerns about fraud, manipulation, and custody issues, which are the SEC's main concerns with bitcoin, have yet to be eliminated.”

Bitcoin Said To Get ETF Approval In 2022!

“With regulators fully involved, it seems like it is only a matter of time before we see a bitcoin ETF,” Sonnenshein said. “We are 100 percent committed to converting our product into an ETF when the regulatory environment is ready for it,” the CEO said about the firm's popular product, Grayscale Bitcoin Trust tokenized stock FTX (GBTC). It was inevitable that we and investor institutions like us would encounter obstacles due to regulatory uncertainty, so we weren't thinking that way two or three years ago. And as time goes on, I think we will see a maturation process that will give regulators even more comfort in terms of investment vehicles. ' he concluded.    

Source: www.cnbc.com

 

You may also be interested in:

 

What to Expect from a Coca-Cola (KO) Stock?