фото показано с : blokt.com

The market is all fired up regarding a Bitcoin ETF that could help in regularizing the wild west of cryptocurrencies and finally bring them to the mainstream investment sector. The Securities and Exchange Commission (SEC) has adopted a very conservative and cautious approach to this concept, rejecting the Winklevoss ETC proposal and delaying VanEck-SolidX and CBOE ETF proposals for later in the year.

However, some industry stalwarts believe that it is only a matter of time that SEC will approve the crypto ETF. One among them is Fatfish Internet Group CEO Kin-Wai Lau, who expressed similar sentiments in a CNBC interview recently.

Lau believes that Bitcoin is experiencing a “second wave rally,” and other cryptocurrencies are following the lead. This is due to the demand generated by institutional investors and the wider adoption of the coin. He said that this is a positive sign for early adopters, as well as other investors interested in the cryptocurrency market. He also said that it is highly likely that SEC will approve a digital currency ETF eventually, but that will depend on what organization is able to convince the agency that it can successfully carry out the operation.

He states:

“I think it’s a matter of time before we see the SEC approve an ETF. It’s just a matter of which organization will be able to come out with comprehensive tools in terms of monitoring, surveillance, and ability to liquidity. There is a range of tools that need to be equipped, but it’s also readiness of the market. We’re not far away, maybe a couple of months away from the market accepting an ETF product. I think that’s what the SEC will be looking at.”

An important thing that Lau mentioned during his interview is that Bitcoin demand is organic and is being driven by people around the world who are interested in this concept. He also said that the patterns of rising demand would not change by the end of the year.

Giving a very balanced view of the sector, he said that the primary marker of the cryptocurrency sector’s price movement prediction would be its adoption, not just the availability of an ETF. He said that abstract instruments could not impact the asset price substantially.

He mentioned that several jurisdictions around the world are now starting to regulate the cryptocurrency sector. Adoption of the currency is making the demand for Bitcoins go up. Even though these jurisdictions are cautious, they are optimistic. He also predicted that the coin prices are all set for another rally by the end of 2018.

Fatfish CEO Claims SEC Will Eventually Approve a Bitcoin ETF was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

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