A few days ago I responded to a post about the promising Bitcon spot ETFs that I wasn't betting on them anytime soon. The curious thing is that the almost unanimous opinion was that its approval by the FED would be immediate or at least in the first quarter of the year.
This made me think about doing an article on this topic. Today I noticed a Bitwise survey of financial advisors in the United States that has an opinion more similar to mine. It is not clear to them that the FED is going to approve them so soon.
My opinion is based on the fact that there is no legal problem to approve an ETF either now or before. What has changed in the last year? The answer is nothing. So it is a political problem and things can change here but I don't see that it is a very appropriate time for the administration to take risks.
On the other hand, it seems that the general opinion is that I am going to make Bitcon rise to heaven. I wouldn't be so sure about that. Regulated markets don't really like the fact that volatility can create legal problems for them. So the caregivers will do everything possible to ensure that there is no 10x.
I think a spot Bitcoin ETF also has some technical problems but I'll leave that for another article. Have a good weekend friends.
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