This week, bitcoin bulls are getting excited about the expected approval of a bitcoin ETF sponsored by VanEck and blockchain platform SolidX. The U.S. Securities and Exchange Commission is currently reviewing the application of this fund, and a source cited by ICO Journal said its chances of approval were "90% at this point."
A bitcoin ETF would make it easier for traditional investors to participate in the cryptocurrency market by reducing certain barriers to entry-namely, inefficient and unfamiliar exchanges-associated with purchasing coins directly.
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