SEC prone to approve Bitcoin ETF in 1-2 years, says analyst By Cointelegraph
SEC prone to approve Bitcoin ETF in 1-2 years, says analyst
In keeping with an analyst at CFRA Analysis, VanEck, Constancy Investments, and Valkyrie Digital Property could not see their exchange-traded funds, or ETFs, accredited by U.S. regulators for as much as two years.
In an interview on CNBC’s ETF Edge Monday, Todd Rosenbluth, head of ETF and mutual fund analysis at CFRA, informed host Bob Pisani that he believed the U.S. Securities and Trade Fee, or SEC, would lengthen the timeline for contemplating the Bitcoin ETF first pitched by funding administration agency VanEck in January. The SEC formally acknowledged receipt of the Bitcoin ETF utility on March 15, giving the regulatory physique till April 29 to make a decision or lengthen the deadline.
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