Will A Crypto ETF Go Live This Month?
Will A Crypto ETF Go Live This Month?
A crypto ETF has been pushed for hard over the last few years and many promises have gone unanswered for when a ETF gets pushed. It seems like the age old boy who cried wolf where we keep hearing about possible ETF approvals but nothing really happens.
However this month might finally be different and I think it's because of the blow back that continues to hammer the SEC Chairman on twitter and just the pulse of the world and senators. So YES keep telling your senators what you want and don't want in these bills it's seriously important when shaping the future of crypto and the world in general.
4 Possible ETFs This Month
There are currently four possible ETFs to be approved by the SEC chairman this month let's take a look at what each are.
The SEC (Securities and Exchange commission) has to again approve, reject or delay a number of ETFs. What makes them different this time around is that they ALL abide by the format that SEC Chair Gary Gensler said could receive favorable by regulators.
We all know how grey area the SEC chairman has been in terms of rules and regulations and it's primarily because they guy just one doesn't get it and two clearly doesn't like crypto even though he says otherwise.
Instead he pushes old crap that simply doesn't work anymore. Things like invest early and earn 8% LOL yeah my dude I'm sorry abut 8% in savings or a dividend paying stock are just not things anymore.
There are 4 this month and one November 1st as seen in this screenshot below from Bloomberg Intelligence
What would ETF approval mean for Crypto?
Simply put it's going to open up an easy way for investors to pile into crypto. This could possibly be one of the indicators of why we have seen a rally in Bitcoin in particular over the last few days.
A side note: The First ETF also is the first day of Splinterlands Chaos packs! lol I just couldn't help myself I love the game!
What are you thoughts? Will we finally see ETFs roll out for crypto or is is just the same old story?
Posted Using LeoFinance Beta
