RATE Group | Only a Matter of Time Before SEC Approves Bitcoin ETF: Tech VC
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Only a Matter of Time Before SEC Approves Bitcoin ETF: Tech VC

05 Aug Only a Matter of Time Before SEC Approves Bitcoin ETF: Tech VC

Posted at 22:07h in Bitcoin News by

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bitcoin etf matter of time

The market is rapidly approaching the point of acceptance for a bitcoin ETF, and the Securities and Exchange Commission (SEC) will eventually approve an ETF in the near future. This is the opinion of Fatfish Internet Group CEO, Kin-Wai Lau, speaking to CNBC last week.

According to Lau, what the market is experiencing is a “second wave rally” for bitcoin and cryptourrencies, a strong wave of demand driven by institutional investment entry and adoption. This he said, is generally a positive sign for early adopters and people with an interest in the sector. Going further, he also stated that the likelihood of the SEC approving a crypto market ETF is more a function of what organisation will successfully convince the SEC that it has the necessary tools to float an ETF.

He said:

“I think it’s a matter of time before we see the SEC approve an ETF. It’s just a matter of which organisation will be able to come out with comprehensive tools in terms of monitoring,…

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