Right now, everyone in the crypto industry is talking about a Bitcoin exchange-traded fund (ETF) that may be put into force by the end of 2018. However, some analysts are certain that an ETF like this may not arrive until next year.
Since it is a publicly traded instrument, a Bitcoin ETF will open a massive load of capital from retail traders and individual investors in the US public market. Not similar to direct investments on the cryptocurrency exchange platforms, a fund like this will protect the funds of investors and insure them as a trusted intermediary.
Therefore, an ETF could definitely open the gates to billion-dollar investments – especially for investors who were reluctant towards investing in the cryptocurrency sector due to security and compliance concerns. With the introduction of an ETF, they will likely invest in the cryptocurrency market through ETFs.
As one famous cryptocurrency investor and content creator named Nicholas Merten stated:
“Here’s why a bitcoin ETF matters: With the release of an ETF, this allows investors to add BTC to their retirement portfolio. Global Pensions Market: $41.3 trillion If BTC captures just 1% of global pensions, that would create $413,000,000,000 of exposure for cryptocurrencies.”
It is safe to say that right now, most of the investors, analysts and researchers in the crypto market and traditional finance sector are optimistic about the approval of a Bitcoin ETF. The host at CNBC’s Fast Money show and the CEO of BKCM, Brian Kelly, recently mentioned that the first Bitcoin ETF will not be approved within 2018 (knowing the history of the SEC and its delays on Bitcoin ETFs). As he stated:
“I also hope there is an ETF. But I think the chances of a bitcoin ETF in 2018 are relatively low. There is still quite a few things. That doesn’t stop speculation on that. That’s one reason why we’ve seen this bottoming process here from $5,800 to $8,500.”
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]