If ETF approved by regulator, i am believe it will give big effect to bitcoin price. Billion dollar money will come to cryptomarket and it will make bitcoin price and others coin rising the price. Many good news will come to market in near future and i am believe crypto will recovery again
Well, it is really not so simple of a process. Once a bitcoin etf has been approved by the US SEC, it will just be the beginning of another bitcoin derivative that could possible pool in more institutional investors. The expectation is high since a government approved bitcoin investing instrument signals trust and confidence, something that investors always look forward to.
And with the US SEC scrutinizing ETF proposals, investors grew more and more interested to bitcoin as SEC tries to eradicate possibility of price manipulation for the market to see how secured the bitcoin ETF could be.
We just hope that a proposal be approved soon. The flame might come down to a smoke should the delay extends longer.