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23 April 2021

SEC likely to approve Bitcoin ETF in 1-2 years, says analyst

SEC likely to approve Bitcoin ETF in 1-2 years, says analyst


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According to an analyst at CFRA Research, VanEck, Fidelity Investments, and Valkyrie Digital Assets may not see their Bitcoin exchange-traded funds, or ETFs, approved by U.S.

VanEck and Valkyrie both filed a registration with the SEC to form a Bitcoin ETF in January, with Fidelity following in March.

Following the Fidelity filing last month, Rosenbluth said it was “a question of when, not if, the SEC will approve a Bitcoin ETF.” He seemed to be implying on Monday that the approval of even one in the United States could potentially open the floodgates for firms looking to form crypto ETFs

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