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Monday, March 6, 2017

To The Moon? Analysts Optimistic Towards Bitcoin ETF Approval - 50 Percent Probability

To The Moon? Analysts Optimistic Towards Bitcoin ETF Approval - 50 Percent Probability

Analysts from prominent financial institutions including Bloomberg believe that the probability of the Winklevoss twins’ Bitcoin ETF COIN being approved is fairly high, due to the unpredictable nature of the US Securities Exchange Commission.

There exist many developing parts to the approval of the COIN ETF. Some of these parts could play a major factor that could encourage the SEC to approve the world’s first Bitcoin ETF and the rest of the moving parts could completely eliminate the possibility of a Bitcoin ETF being introduced to the public.

Based on the SEC’s past decisions and attitude towards innovative ETFs, it is difficult to favor the Winklevoss twins for the approval of their COIN ETF. However, the involvement of a well-respected $30 bln financial institution and the participation of analysts independent of the SEC and the Winklevoss twins, such as quant traders from KCG and Susquehanna, gives hope.

Full story at http://bit.ly/2m8KYc7

 

 

 

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