common-close-0
BYDFi
Trade wherever you are!

What is the current status of Bitcoin as an ETF?

avatarGueler KandeğerDec 28, 2021 · 3 years ago3 answers

Can you provide an update on the current status of Bitcoin as an Exchange-Traded Fund (ETF)? What are the latest developments and regulatory hurdles that need to be overcome for Bitcoin to be approved as an ETF?

What is the current status of Bitcoin as an ETF?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    As of now, Bitcoin has not been approved as an ETF by the U.S. Securities and Exchange Commission (SEC). The SEC has expressed concerns regarding market manipulation, custody, and investor protection. However, there have been several proposals for Bitcoin ETFs, and some companies are actively working towards gaining approval. It is important to note that the approval process can be lengthy and complex, and there is no guarantee that Bitcoin will be approved as an ETF in the near future.
  • avatarDec 28, 2021 · 3 years ago
    The current status of Bitcoin as an ETF is still uncertain. While there is growing interest from investors and institutions in having a Bitcoin ETF, regulatory authorities have been cautious due to concerns about market manipulation and investor protection. The SEC has rejected multiple Bitcoin ETF proposals in the past, citing these concerns. However, there are ongoing efforts to address these issues and gain regulatory approval. It is a complex process that requires collaboration between industry players and regulators.
  • avatarDec 28, 2021 · 3 years ago
    As an expert in the field, I can tell you that the current status of Bitcoin as an ETF is still pending regulatory approval. While there is significant interest from investors and institutions, the SEC has raised concerns about market manipulation and custody. It is important for the industry to address these concerns and work towards establishing a robust framework for Bitcoin ETFs. At BYDFi, we are actively engaging with regulators and industry stakeholders to contribute to the development of a safe and regulated environment for Bitcoin ETFs.