RATE Group | Calling On Cryptocurrency, Cannabis & ESG In 2020
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Calling On Cryptocurrency, Cannabis & ESG In 2020

14 Jan Calling On Cryptocurrency, Cannabis & ESG In 2020

Posted at 06:05h in Cryptocurrency News by

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CNBC’s Bob Pisani puts the focus on 2020’s potential for cryptocurrency, cannabis, and ESG in this segment of “ETF Edge,” featuring ETF Trends’ CEO Tom Lydon, and DataTrek Research’s Nick Colas.

Starting with Bitcoin, Pisani wants Lydon to speak to the possibility of a Bitcoin ETF finally taking proper shape. Lydon notes a couple of good things that have happened, including the SEC’s approval of the first 40 act-approved ETF. This is a mutual fund act that allows limited investing in Bitcoin.

Additionally, today the CME is offering Bitcoin options for the first time. This is excellent news. Still, the SEC is concerned about liquidity, so they will bypass through options and futures. There are also safety concerns, so the more account statements that can be publicly traded will help things out. Will this ultimately lead to a full-fledged Bitcoin ETF though? Only time will tell.

Pisani’s concerns lie in the SEC being worried about how certain types of investors would…

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