SEC ruling on Bitcoin ETF delayed again because of which crypto world is disappointed. Before this SEC has already declined 9 bitcoin etf proposals.
According to an official notice released September 20 on "bitcoin etf" the U.S. Securities and Exchange Commission (SEC) has requested further comments regarding its decision on the listing and trading of a Bitcoin (BTC) exchange-traded fund (ETF). This proposal was submitted by Cboe BZX Exchange.
But there is a decision for crypto world as reported, the SEC prospond its decision on the SolidX-VanEck proposal to September 30. The U.S. Securities and Exchange Commission (SEC) announced on Thursday that they have begun a formal review process for the physically-backed bitcoin ETF proposed by VanEck and SolidX. However by the way the agency considers such proposals may take additional time, pushing a final decision deadline to as far as late February of next year.
Most analyst says that SEC will probably wait for deadlines and meanwhile we will see no BTC etf approval. so most probably btc-etf will take place next year. if bitcoin ETF is approved bitcoin will cross the barrier of 50k $.
Tim Draper, a venture capitalist and well-known cryptocurrency proponent Maintains $250k Bitcoin (BTC) Price Prediction by 2022.After investing a modest amount of fiat into Bitcoin, Draper claim that he purchased over 40,000 BTC in a leap of faith that initially cost him thousands, if not millions. According to him the blockchain securities are strong and will never die. and he gives a statement that "I think that having that consensus brings an extra boost to confidence. In fact, I am more confident in my Bitcoin than I am in the U.S. dollars in Wells Fargo."
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