RATE Group | Wealth Manager Canaccord: Bitcoin ETF Approval More Likely in 2019
37895
wp-singular,post-template-default,single,single-post,postid-37895,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Wealth Manager Canaccord: Bitcoin ETF Approval More Likely in 2019

06 Aug Wealth Manager Canaccord: Bitcoin ETF Approval More Likely in 2019

Posted at 22:31h in Bitcoin News by

[ad_1]

The latest crypto report from wealth manager Canaccord Genuity posits that a long-awaited approval on a bitcoin exchange-traded fund (ETF) likely won’t come until 2019.

In its quarterly update on cryptocurrencies, Canaccord, the largest independent investment dealer in Canada, dives into a range of topics, including security tokens and recent developments in cryptocurrency spot prices.

Yet it also hones in on the popular topic of the bitcoin ETF, which the crypto-community has viewed with renewed fervor following a proposed rule change by CBOE, which is seeking to list such a product in conjunction with money manager VanEck and crypto startup SolidX.

And while acknowledging the interest – and hopes – of those supporting the ETF, Canaccord puts forward the view that the SEC will extend its decision timeline as far as it can – until next March. By contrast, the SEC could, in theory, make a decision as soon as this Friday, August 10.

“And although the VanEck SolidX Bitcoin…

[ad_2]

Source link