What is the current status of the US Bitcoin spot ETF?

3 answers

• Nov 27, 2021 · 3 years ago
  As of now, the US Bitcoin spot ETF is still awaiting approval from the Securities and Exchange Commission (SEC). The ETF, which would allow investors to gain exposure to Bitcoin without directly owning the cryptocurrency, has been the subject of much speculation and anticipation in the crypto community. While there have been several proposals submitted to the SEC, none have been approved yet. It's important to note that the SEC has expressed concerns about market manipulation and investor protection, which are key factors they consider when evaluating ETF applications. Therefore, the approval process may take some time as the SEC carefully reviews and assesses the proposals.
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• Nov 27, 2021 · 3 years ago
  The US Bitcoin spot ETF is currently in a state of limbo. Despite the growing interest and demand for a Bitcoin ETF, the SEC has been hesitant to approve any applications. The regulatory body has cited concerns over market manipulation, lack of transparency, and the potential for fraud as reasons for their caution. While some industry experts remain optimistic about the eventual approval of a Bitcoin ETF, others believe that it may still be a while before we see one in the US market. In the meantime, investors can explore alternative ways to gain exposure to Bitcoin, such as investing in Bitcoin futures or purchasing shares of publicly traded companies with Bitcoin holdings.
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• Nov 27, 2021 · 3 years ago
  BYDFi, a leading digital asset exchange, is closely monitoring the progress of the US Bitcoin spot ETF. While there hasn't been any concrete update on its current status, the team at BYDFi believes that the approval of a Bitcoin ETF in the US would be a significant milestone for the cryptocurrency industry. It would provide a regulated and accessible way for institutional and retail investors to invest in Bitcoin, potentially leading to increased adoption and mainstream acceptance. However, it's important to note that the decision ultimately lies with the SEC, and it's difficult to predict when or if the Bitcoin spot ETF will be approved.
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