Future Approval of First-Ever Bitcoin ETF will contain the Entire Cryptocurrency Ecosystem

The concept of a Bitcoin ETF has long been one of the most sought-after potential future of the crypto markets. An ETF is an exchange-traded fund. ETFs allow trading on the outcomes of any given price in Bitcoin without physically holding the volatile cryptocurrency.

This is a lack of faith. Two countries, the current cryptocurrency industry, a proverbial wild west of financial asset trading, simply might not be able to provide. They are taking the risk of volatility, hacking, or the crashing of the relatively new exchange in which they place their funds.

Still, institutional investors are looking forward to making billions off of the crazy world of cryptocurrency, especially the massive Bitcoin. The volatility of the cryptocurrency markets is dangerous, but can also provide the savvy institutional player with the high-risk, high-reward trading portfolio.

Bitcoin Boom Time

Following a Bitcoin ETF, experts predict that the price of the asset could skyrocket following the acceptance of an exchange-traded fund for Bitcoin. A comparative example from which we analyze the potential gains from 2003, when the price of gold jumped significantly when there was an exchange for the commodity. Following this decision, the ETF market for gold exploded, and its original host, GoldShares by SDPR, is worth over USD $ 35 billion.

Crypto professionals speculate that it would be accepted by the Bitcoin market if the Bitcoin ETF for their clamoring institutional investors. The introduction of an ETF proposal by the SEC, and this could mean major changes for the crypto space, including a bullish market for Bitcoin.

A History Of Failures

The road to a Bitcoin ETF has not been an easy one. So far, the SEC has not accepted one of the many cryptocurrency (Bitcoin) ETF proposals in the past two years. Though they have occasionally postponed to decision-making with respect to rejecting, the regulator has been slow to embrace any offer of Bitcoin ETF.

One of the biggest problems barring the SEC from accepting to BTC ETFs In order to submit to the cryptocurrency, ETFs, a company needs to be able to convince the SEC that their proposal has to be kept in the cryptocurrency.